The nonlinear response of liquid water was investigated at 1064 and 532 nm using a Nd:YAG laser delivering pulses of 17 ps and its second harmonic. The experiments were performed using the D4σ method combined with the Z-scan technique. Nonlinear refractive indices of third- and fifth-order were determined, as well as the three-photon absorption coefficient, for both wavelengths. A good agreement was found between theory and experiment.