INCOME TAXES (Tables)

12 Months Ended

Dec. 28, 2018

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense was comprised of:

(In millions)	Years Ended
	December 28, 2018			December 29, 2017			December 30, 2016
Current:
Foreign	$	24.2		$	21.7		$	18.5
State	9.4			8.3			7.0
Federal	34.2			99.4			50.2
	67.8			129.4			75.7
Deferred:
Foreign	(2.5		)	0.2			(2.8		)
State	0.2			2.0			0.2
Federal	1.4			(3.0		)	3.3
	(0.9		)	(0.8		)	0.7
Income tax expense	$	66.9		$	128.6		$	76.4

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations of income tax expense to the statutory corporate federal tax rate of 21% were as follows:

(In millions)	Years Ended
	December 28, 2018			December 29, 2017			December 30, 2016
Statutory tax expense	$	46.9		$	83.2		$	69.1
Increase (reduction) in taxes resulting from:
State income taxes, net	7.9			4.4			4.5
Foreign tax effects	11.9			2.0			1.8
Change in valuation allowance	(0.6		)	(0.3		)	1.6
Impact of tax legislation	(2.1		)	35.6			—
Other, net	2.9			3.7			(0.6		)
Income tax expense	$	66.9		$	128.6		$	76.4

Schedule of Deferred Tax Assets and Liabilities

Deferred Income Taxes: Significant components of the Company's deferred tax assets (liabilities) included in "Other assets" and "Other liabilities" on the Consolidated Balance Sheets were as follows:

(In millions)	December 28, 2018			December 29, 2017
Deferred compensation and other postretirement benefits	$	36.0		$	31.1
Foreign NOL carryforwards and other	28.1			29.4
Accrued expenses and other	10.0			8.3
Inventory reserves	8.5			9.9
Unrealized foreign exchange	2.7			—
Allowance for doubtful accounts	7.9			8.7
Federal and state credits	50.6			52.9
Gross deferred tax assets	$	143.8		$	140.3
Property, equipment, intangibles and other	(90.1		)	(75.1		)
Gross deferred tax liabilities	$	(90.1	)	$	(75.1	)
Deferred tax assets, net of deferred tax liabilities	53.7			65.2
Valuation allowance	(79.1		)	(79.9		)
Net deferred tax liabilities	$	(25.4	)	$	(14.7	)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits for fiscal 2016, 2017 and 2018 is as follows:

(In millions)
Balance at January 1, 2016	$	5.3
Additions for tax positions of prior years	0.4
Reductions for tax positions of prior years	(0.7		)
Balance at December 30, 2016	$	5.0
Reductions for tax positions of prior years	(0.3		)
Balance at December 29, 2017	$	4.7
Additions for tax positions of prior years	0.6
Reductions for tax positions of prior years	(0.6		)
Balance at December 28, 2018	$	4.7