Income Taxes (Tables)

12 Months Ended

Dec. 27, 2014

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

For income tax purposes, the domestic and foreign components of income (loss) before taxes were as follows:

(In millions)	2014			2013			2012
Domestic	$	(35.5	)	$	(18.9	)	$	(57.5	)
Foreign	333.7			379.3			330.3
Total	$	298.2		$	360.4		$	272.8

Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes was as follows:

(In millions)	2014			2013			2012
Current:
Federal	$	11.5		$	2.5		$	19.3
Foreign	114.8			106.3			110.3
State	1.5			0.7			0.9
	127.8			109.5			130.5
Deferred:
Federal	(40.6		)	4.6			(50.4		)
Foreign	(1.9		)	(28.0		)	0.2
State	(1.5		)	0.1			(0.5		)
	(44.0		)	(23.3		)	(50.7		)
Total	$	83.8		$	86.2		$	79.8

Effective Income Tax Provisions Reconciliation

The differences between the provision for income taxes and income taxes computed using the U.S. federal statutory rate were as follows:

(In millions)	2014			2013			2012
Amount computed using statutory rate	$	104.4		$	126.1		$	95.5
Increase (reduction) in taxes resulting from:
Net impact from repatriating foreign earnings and direct foreign tax credits	(17.7		)	(14.7		)	(21.5		)
Foreign income taxes	(20.6		)	(26.1		)	(26.4		)
Impact of non-deductible intangible impairments	—			—			23.7
Impact of non-deductible currency translation losses	19.0			1.3			5.7
Impact of changes in Mexican legislation and revaluation of tax assets	—			(6.8		)	—
Other changes in valuation allowances for deferred tax assets	(0.5		)	4.6			2.7
Foreign and domestic tax audit settlement and adjustments	—			(1.4		)	(2.0		)
Other	(0.8		)	3.2			2.1
Total	$	83.8		$	86.2		$	79.8

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) were composed of the following:

(In millions)	2014			2013
Purchased intangibles	$	(32.2	)	$	(38.5	)
Other	(9.9		)	(11.5		)
Gross deferred tax liabilities	(42.1		)	(50.0		)
Credit and net operating loss carry forwards (net of unrecognized tax benefits)	284.4			302.9
Employee benefits accruals	65.2			62.4
Deferred costs	107.5			51.7
Fixed assets basis differences	33.1			31.2
Capitalized intangibles	31.5			29.7
Other accruals	28.0			25.7
Accounts receivable	11.3			13.0
Post-retirement benefits	8.2			11.7
Depreciation	11.2			9.8
Inventory	12.9			9.7
Gross deferred tax assets	593.3			547.8
Valuation allowances	(40.2		)	(34.8		)
Net deferred tax assets	$	511.0		$	463.0

Unrecognized Tax Benefits Rollforward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(In millions)	2014			2013			2012
Balance, beginning of year	$	27.4		$	24.9		$	28.6
Additions based on tax positions related to the current year	3.9			6.0			2.1
Additions for tax positions of prior year	1.2			4.4			2.7
Reduction for tax positions of prior years	(3.1		)	(1.9		)	(2.6		)
Settlements	(1.9		)	(1.3		)	(1.7		)
Reductions for lapse in statute of limitations	(3.7		)	(4.4		)	(4.5		)
Impact of foreign currency rate changes versus the U.S. dollar	(1.3		)	(0.3		)	0.3
Balance, end of year	$	22.5		$	27.4		$	24.9