RECEIVABLE AND DEFERRED INCOME TAX VALUATION ALLOWANCES

12 Months Ended

Jan. 03, 2014

Notes to Financial Statements [Abstract]

RECEIVABLE AND DEFERRED INCOME TAX VALUATION ALLOWANCES

NOTE20. RECEIVABLE AND DEFERRED INCOME TAX VALUATION ALLOWANCES

Receivable allowances are comprised of allowances for amounts that may become uncollectable or unrealizable in the future. We determine these amounts based on historical experience and other currently available information. A valuation allowance for deferred income taxes is established when it is more likely than not that net deferred tax assets will not be realized.

The following table summarizes the activities in the receivable allowances and the deferred income tax valuation allowance from the beginning of the periods to the end of the periods.

(In millions)	Balance at the Beginning of the Period		Additions (Charged to Bad Debt Expense)		Additions (Charged to Other Accounts) (1)		Deductions (2)		Other (3)		Balance at the End of the Period
Year ended January 3, 2014
Receivable allowances	$	69.7	$	7.4	$	7.7	$	(19.7)	$	—	$	65.1
Deferred income tax valuation allowance	$	137.6	$	—	$	12.7	$	(23.2)	$	17.9	$	145.0
Year ended December 28, 2012
Receivable allowances	$	43.1	$	6.6	$	27.4	$	(7.4)	$	—	$	69.7
Deferred income tax valuation allowance	$	124.0	$	—	$	12.3	$	(14.7)	$	16.0	$	137.6
Year ended December 30, 2011
Receivable allowances	$	42.8	$	2.8	$	16.1	$	(18.6)	$	—	$	43.1
Deferred income tax valuation allowance	$	104.2	$	—	$	23.5	$	(15.3)	$	11.6	$	124.0

• These additions were primarily charged to revenues or income tax expense.
• Deductions to the deferred income tax valuation allowance were primarily attributed to foreign and state NOL expirations, change in tax rates and the use of federal and state NOLs.
• Other adjustments to the deferred income tax valuation allowance during the year ended December 28, 2012 were attributable to acquired deferred taxes through the Flint acquisitionand items charged to other comprehensive income. For the years ended January 3, 2014 and December 30, 2011, other adjustments to the deferred income tax valuation allowance were charged to other comprehensive income.