Income Taxes (Tables)

12 Months Ended

Dec. 28, 2019

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)	2019			2018			2017
Domestic	$	(44.9	)	$	(54.2	)	$	(76.2	)
Foreign	148.3			330.4			261.3
Total	$	103.4		$	276.2		$	185.1

Provision (Benefit) for Income Taxes

The provisions for current and deferred income taxes are summarized as follows:

(In millions)	2019			2018			2017
Current:
United States	$	6.8		$	13.2		$	25.6
International	71.7			80.8			136.9
State and local	0.9			(1.0		)	2.1
	79.4			93.0			164.6
Deferred:
United States	(7.9		)	26.1			312.9
International	18.4			1.7			(25.6		)
State and local	1.1			(0.5		)	(1.4		)
	11.6			27.3			285.9
Total	$	91.0		$	120.3		$	450.5

Effective Income Tax Provisions Reconciliation

A reconciliation of the provision for income taxes and income taxes computed using the U.S. federal statutory rate were as follows:

(In millions)	2019			2018			2017
Amount computed using statutory rate	$	21.7		$	58.0		$	64.8
Increase (reduction) in taxes resulting from:
Foreign direct taxes in excess of credits	8.2			(10.1		)	(5.8		)
Foreign rate differential	30.4			(8.3		)	14.3
Foreign-derived intangible income, benefit	(1.7		)	—			—
GILTI, net of credits	9.8			10.9			—
Impact of changes in U.S. tax legislation	(22.2		)	39.6			375.0
Other changes in valuation allowances for deferred tax assets	45.6			36.2			5.3
Impact of equity based compensation	2.8			0.6			—
Foreign and domestic tax audit settlement and adjustments	—			—			(2.5		)
Other	(3.6		)	(6.6		)	(0.6		)
Total	$	91.0		$	120.3		$	450.5

Schedule of Deferred Tax Assets and Liabilities

The components of deferred income tax assets (liabilities) were as follows:

(In millions)	2019			2018
Purchased intangibles	$	(9.1	)	$	(17.4	)
Lease Liabilities	(22.7		)	—
Other	(0.8		)	(1.6		)
Gross deferred tax liabilities	(32.6		)	(19.0		)
Credit and net operating loss carry forwards (net of unrecognized tax benefits)	296.3			314.2
Employee benefits accruals	45.5			45.5
Deferred costs	39.5			35.1
Fixed assets basis differences	19.9			18.6
Capitalized intangibles	21.7			19.1
Other accruals	56.6			62.0
Accounts receivable	14.5			1.3
Post-retirement benefits	3.3			3.4
Depreciation	5.5			9.4
Lease Assets	22.7			—
Inventory	5.6			4.7
Gross deferred tax assets	531.1			513.3
Valuation allowances	(315.6		)	(284.6		)
Net deferred tax assets	$	182.9		$	209.7

Unrecognized Tax Benefits Rollforward

A reconciliation of the beginning and ending amount of accrual for uncertain tax positions is as follows:

(In millions)	2019			2018			2017
Balance, beginning of year	$	15.1		$	19.8		$	20.7
Additions based on tax positions related to the current year	1.1			2.2			3.6
Additions for tax positions of prior year	3.0			0.5			2.2
Reduction for tax positions of prior years	(2.4		)	(3.4		)	(3.0		)
Settlements	(3.0		)	—			(1.2		)
Reductions for lapse in statute of limitations	(0.3		)	(3.6		)	(3.7		)
Impact of foreign currency rate changes versus the U.S. dollar	—			(0.4		)	1.2
Balance, end of year	$	13.5		$	15.1		$	19.8