XML 51 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
EMPLOYEE RETIREMENT AND POST-RETIREMENT BENEFIT PLANS (TABLES)
 12 Months Ended
Jan. 03, 2014
Defined benefit pension plans, defined contribution plans, and defined benefit postretirement plans disclosure [Abstract]  
Schedule of defined benefit pension plans benefit obligations and assumptions [Table Text Block]
 
                 ##SL
      Domestic Plans Foreign Plans
      January 3, December 28, January 3, December 28,
(In millions, except percentages) 2014 2012 2014 2012
Change in benefit obligation:            
 Benefit obligation at beginning of year $443.4 $383.3 $485.9 $447.9
 Service cost  7.5  7.5  0.5  0.6
 Interest cost  17.6  18.9  22.2  22.6
 Employee contributions  —  —  0.4  0.4
 Plan amendment  2.7  —  —  —
 Benefits paid and expenses  (21.6)  (16.6)  (15.4)  (14.9)
 Exchange rate changes  —  —  13.2  20.8
 Actuarial (gain) loss  (34.4)  50.3  49.8  8.5
    Benefit obligation at end of year $415.2 $443.4 $556.6 $485.9
                 
Change in plan assets:            
 Fair value of plan assets at beginning of year $274.2 $236.4 $370.8 $334.3
 Actual gain (loss) on plan assets  28.3  31.4  22.2  25.6
 Employer contributions  16.0  18.4  9.1  9.7
 Employer direct benefit payments  5.1  4.6  —  —
 Employee contributions  —  —  0.4  0.4
 Exchange rate changes  —  —  8.6  15.7
 Benefits paid and expenses  (21.6)  (16.6)  (15.4)  (14.9)
    Fair value of plan assets at end of year $302.0 $274.2 $395.7 $370.8
                 
Underfunded status reconciliation:            
 Underfunded status $113.2 $169.2 $160.9 $115.1
    Net amount recognized $113.2 $169.2 $160.9 $115.1
                 
Amounts recognized in our Consolidated Balance Sheets consist of:            
 Accrued benefit liability included in current liabilities $20.9 $5.1 $— $—
 Accrued benefit liability included in other long-term liabilities  92.3  164.1  160.9  115.1
    Net amount recognized $113.2 $169.2 $160.9 $115.1
                 
Amounts recognized in accumulated other comprehensive income consist of:            
 Prior service income $0.2 $0.6 $— $—
 Net gain (loss)  (80.8)  (140.5)  (96.1)  (41.6)
    Net amount recognized $(80.6) $(139.9) $(96.1) $(41.6)
                 
Additional information:            
 Accumulated benefit obligation $409.7 $437.6 $545.1 $470.7
                 
Weighted-average assumptions used to determine benefit obligations at year end:            
 Discount rate  4.97%  4.02%  4.70%  4.80%
 Rate of compensation increase  4.50%  4.50%  3.30%  2.80%
                 

      Domestic Plans Foreign Plans
      January 3, December 28, January 3, December 28,
(In millions, except percentages) 2014 2012 2014 2012
Amounts recognized in accumulated other comprehensive income consist of:            
 Prior service income $0.2 $0.6 $— $—
 Net gain (loss)  (80.8)  (140.5)  (96.1)  (41.6)
    Net amount recognized $(80.6) $(139.9) $(96.1) $(41.6)
                 
Additional information:            
 Accumulated benefit obligation $409.7 $437.6 $545.1 $470.7
                 
Weighted-average assumptions used to determine benefit obligations at year end:            
 Discount rate  4.97%  4.02%  4.70%  4.80%
 Rate of compensation increase  4.50%  4.50%  3.30%  2.80%
Schedule of net periodic pension costs and other comprehensive income [Table Text Block]
       Years Ended
       Domestic Plans Foreign Plans
       January 3, December 28, December 30, January 3, December 28, December 30,
(In millions, except percentages) 2014 2012 2011 2014 2012 2011
Net periodic pension costs:                  
 Service cost $7.5 $7.5 $6.8 $0.5 $0.6 $0.6
 Interest cost  17.6  18.9  19.0  22.2  22.6  24.4
 Expected return on plan assets  (19.2)  (17.7)  (16.4)  (23.2)  (22.2)  (22.9)
 Amortization or curtailment recognition of prior service cost  2.3  (3.0)  (3.2)  —  —  —
 Recognized actuarial loss  16.2  9.8  7.4  —  —  —
     Total net periodic pension costs $24.4 $15.5 $13.6 $(0.5) $1.0 $2.1
                        
Other changes in plan assets and benefit obligations recognized in other comprehensive income:                  
 Prior service cost $2.7 $— $(1.1) $— $— $—
 Net loss (gain)  (43.5)  36.7  27.3  50.9  5.1  48.6
 Effect of exchange rate changes on amounts included in accumulated other comprehensive income  —  —  —  3.6  1.7  (1.9)
 Amortization or curtailment recognition of prior service cost  (2.3)  3.0  3.2  —  —  —
 Amortization or settlement recognition of net loss  (16.2)  (9.8)  (7.4)  —  —  —
     Total recognized in other comprehensive loss (income) $(59.3) $29.9 $22.0 $54.5 $6.8 $46.7
                        
Total recognized in net periodic pension costs and other comprehensive loss (income) $(34.9) $45.4 $35.6 $54.0 $7.8 $48.8
                        
Weighted-average assumptions used to determine net periodic cost for years ended:                  
 Discount rate  4.02%  5.05%  5.55%  4.80%  5.00%  5.70%
 Rate of compensation increase  4.50%  4.50%  4.50%  2.80%  3.00%  3.45%
 Expected long-term rate of return on plan assets  7.35%  7.34%  7.44%  7.00%  7.00%  6.96%
                        
 Measurement dates  12/28/2012  12/30/2011  12/31/2010  12/28/2012  12/30/2011  12/31/2010
Defined benefit pension plans target asset allocation [Table Text Block]
       Current Target Asset Allocation 
       Domestic Plans Foreign Plans 
 Equity securities  45%  30% 
 Debt securities  55%  36% 
 Real estate  —  6% 
 Hedge fund   —  25% 
 Other  —  3% 
     Total  100%  100% 
Defined benefit pension plans estimated future benefit payments [Table Text Block]
 For the Fiscal Year:  Estimated Future Benefit Payments 
 (In millions) Domestic Plans Foreign Plans 
 2014 $38.0 $17.0 
 2015  23.0  17.0 
 2016  23.0  18.0 
 2017  24.0  18.0 
 2018  25.0  19.0 
 Next five fiscal years thereafter  130.0  103.0 
     Total $263.0 $192.0 
Schedule of fair values of defined benefit pension plans and post-retirement benefit plan assets [Table Text Block]
   Total Fair Value Measurement as of January 3, 2014
   Carrying       Significant
   Value as of  Quoted Prices in Significant Other Unobservable
   January 3, Active Markets Observable Inputs Inputs
(In millions) 2014 (Level 1) (Level 2) (Level 3)
Cash and cash equivalents $15.7 $5.1 $10.6 $—
U.S. equity funds  78.1  —  78.1  —
International equity funds  95.6  —  95.6  —
Global equity funds  82.4  —  82.4  —
Fixed income securities  304.4  —  294.5  9.9
International property funds  121.5  —  42.7  78.8
 Total $697.7 $5.1 $603.9 $88.7
              
   Total Fair Value Measurement as of December 28, 2012
   Carrying       Significant
   Value as of  Quoted Prices in Significant Other Unobservable
   December 28, Active Markets Observable Inputs Inputs
(In millions) 2012 (Level 1) (Level 2) (Level 3)
Cash and cash equivalents $21.0 $8.0 $13.0 $—
U.S. equity funds  74.4  —  74.4  —
International equity funds  94.6  —  94.6  —
Global equity funds  72.2  —  72.2  —
Fixed income securities  264.9  —  264.9  —
International property funds  117.9  —  43.8  74.1
 Total $645.0 $8.0 $562.9 $74.1
Schedule of effect of significant unobservable inputs, changes in plan assets [Table Text Block]
 (In millions) Level 3 Fair Value Measurement Rollforward 
       
 Balance as of December 30, 2011 $47.9 
  Unrealized gains (losses)  4.4 
  Purchases, sales, issuances and settlements, net  21.8 
 Balance as of December 28, 2012 $74.1 
  Realized gains (losses)  0.1 
  Unrealized gains (losses)  6.3 
  Purchases, sales, issuances and settlements, net  8.2 
 Balance as of January 3, 2014 $88.7 
Schedule of post-retirement benefit plans disclosures [Table Text Block]
      January 3, December 28, 
  2014 2012 
Assumed blended health care cost trend rates at year-end:       
 Health care cost trend rate assumed for next year  7.92%  7.94% 
 Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)  4.94%  4.94% 
 Years that the rates reach the ultimate trend rate  2020/2024  2020/2024