XML 37 R61.htm IDEA: XBRL DOCUMENT v2.4.0.8
INCOME TAXES (DETAILS 2) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Jan. 03, 2014
Sep. 27, 2013
Jun. 28, 2013
Mar. 29, 2013
Dec. 28, 2012
Sep. 28, 2012
Jun. 29, 2012
Mar. 30, 2012
Jan. 03, 2014
Dec. 28, 2012
Dec. 30, 2011
Current components of income tax expense:                      
Federal                 $ 76.1 $ 152.3 $ 78.3
State and local                 9.8 35.9 17.6
Foreign                 8.8 18.3 19.2
Subtotal                 94.7 206.5 115.1
Deferred components of income tax expense:                      
Federal                 70.8 (10.5) 26.2
State and local                 9.7 1.0 5.6
Foreign                 (7.5) (7.1) (3.5)
Subtotal                 73.0 (16.6) 28.3
Total income tax expense (benefit) 44.3 [1] 42.3 [1] 38.9 [1] 42.2 [1] 34.7 66.1 40.5 48.6 167.7 189.9 143.4
Geographic areas income before income taxes [Abstract]                      
Income before income taxes: United States                 445.2 534.9 158.3
Income before income taxes: International                 51.8 80.8 70.7
Total income (loss) before income taxes and noncontrolling interests                 497.0 615.7 229.0
Deferred tax assets:                      
Accrued employee benefits 230.7       237.6       230.7 237.6 200.0
Net operating losses 129.9       132.2       129.9 132.2 108.4
Accrued liabilities 59.7       71.9       59.7 71.9 60.6
Insurance reserves 15.9       38.2       15.9 38.2 40.3
Tax credits 13.0       15.1       13.0 15.1 10.5
Other 20.6       23.1       20.6 23.1 19.6
Total deferred tax assets 469.8       518.1       469.8 518.1 439.4
Valuation allowance on deferred tax assets (145.0)       (137.6)       (145.0) (137.6) (124.0)
Net deferred tax assets 324.8       380.5       324.8 380.5 315.4
Deferred tax liabilities:                      
Depreciation and amortization (456.4)       (466.1)       (456.4) (466.1) (360.8)
Contract revenue and costs (126.9)       (79.9)       (126.9) (79.9) (74.2)
Subsidiary basis difference (150.1)       (146.8)       (150.1) (146.8) (145.5)
Total deferred tax liabilities (733.4)       (692.8)       (733.4) (692.8) (580.5)
Deferred tax liabilities, net of deferred tax assets (408.6)       (312.3)       (408.6) (312.3) (265.1)
Reconciliation of the beginning and ending amount of unrecognized tax benefits                      
Unrecognized tax benefits beginning balance       15.4       16.7 15.4 16.7 21.5
Gross increase - tax positions in prior years                 1.7 1.2 2.7
Gross decrease - tax positions in prior years                 (0.2) (1.2) (3.6)
Gross increase - current period tax positions                   1.2  
Settlements                 (1.4) (0.2) (0.2)
Lapse of statute of limitations                 (1.5) (2.4) (3.7)
Unrecognized tax benefits acquired in current year                   0.1  
Unrecognized tax benefits ending balance 14.0       15.4       14.0 15.4 16.7
Unrecognized tax benefits (Textuals) [Abstract]                      
Unrecognized tax benefits that would impact effective tax rate 9.8               9.8    
Unrecognized tax benefits in interest expense and penalties                 0.5 (1.4) (1.4)
Accrued unrecognized tax benefits in interest expense and penalties 5.8       5.3       5.8 5.3 6.7
Reasonably possible change in unrecognized tax benefit $ 2.7               $ 2.7    
[1] During the fourth quarter of 2013, we recorded income tax expense of $10.0 million related to prior quarters. This included U.S. tax on the sale of Canadian properties of $6.4 million and dividends from a Canadian joint venture of $3.6 million. This amount recorded in the fourth quarter was not material to prior quarters and, accordingly, the prior quarters have not been revised. On an after-tax basis, these items resulted in decreases to net income and diluted EPS of $10.0 million and $0.15, respectively.