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BUSINESS SEGMENTS (Tables)

12 Months Ended

Jan. 03, 2020

Segment information for 2019, 2018 and 2017 are as follows:


(In millions)
2019	NSS		EES		UPS		Corporate (a)		Total
Net sales	$	4,696.2	$	2,352.0	$	1,797.4	$	—	$	8,845.6
Operating income (loss)	325.5		139.5		83.5		(181.0)		367.5
Depreciation	9.4		7.3		3.7		16.8		37.2
Amortization of intangible assets	16.4		5.4		13.2		—		35.0
Total assets	2,224.8		1,085.2		943.6		555.2		4,808.9
Capital expenditures	3.1		1.7		14.6		20.6		40.0


2018	NSS		EES		UPS		Corporate (a)		Total
Net sales	$	4,347.0	$	2,342.7	$	1,710.5	$	—	$	8,400.2
Operating income (loss)	272.2		132.3		75.4		(170.2)		309.7
Depreciation	3.8		2.4		3.6		21.9		31.7
Amortization of intangible assets	17.0		7.0		13.3		—		37.3
Total assets	2,319.3		1,097.4		905.5		330.9		4,653.1
Capital expenditures	8.7		2.0		6.7		25.0		42.4


2017	NSS		EES		UPS		Corporate (a)		Total
Net sales	$	4,114.4	$	2,225.5	$	1,587.5	$	—	$	7,927.4
Operating income (loss)	262.6		114.3		73.1		(137.1)		312.9
Depreciation	3.1		2.4		3.9		18.8		28.2
Amortization of intangible assets	14.4		8.4		13.3		—		36.1
Total assets	1,947.1		1,068.3		871.4		365.4		4,252.2
Capital expenditures	3.7		1.9		1.7		33.8		41.1

(a)Corporate "Total assets" primarily consists of cash and cash equivalents, deferred tax assets, and corporate fixed assets. Total assets in 2019 include the impact of the Company's adoption of ASU 2016-02, Leases, which resulted in the recognition of right-of-use assets for all leases with terms of more than 12 months.

Schedule Of Segment Operating Income Results Table


	Year Ended January 3, 2020
(In millions)	NSS		EES		UPS		Corporate		Total
Amortization of intangible assets	$	(16.4)	$	(5.4)	$	(13.2)	$	—	$	(35.0)
Merger costs	—		—		—		(12.8)		(12.8)
Restructuring charge	—		(0.5)		0.1		0.4		—
Acquisition and integration costs	—		—		—		0.3		0.3
Total of items impacting operating expense and operating income	$	(16.4)	$	(5.9)	$	(13.1)	$	(12.1)	$	(47.5)


	Year Ended December 28, 2018
(In millions)	NSS		EES		UPS		Corporate		Total
Amortization of intangible assets	$	(17.0)	$	(7.0)	$	(13.3)	$	—	$	(37.3)
Restructuring charge	(2.1)		(1.3)		(0.7)		(5.3)		(9.4)
Acquisition and integration costs	(2.6)		—		—		(0.3)		(2.9)
CEO retirement agreement expense	—		—		—		(2.6)		(2.6)
U.K. facility relocation costs	(0.2)		(0.8)		—		—		(1.0)
Total of items impacting operating expense and operating income	$	(21.9)	$	(9.1)	$	(14.0)	$	(8.2)	$	(53.2)


	Year Ended December 29, 2017
(In millions)	NSS		EES		UPS		Corporate		Total
Amortization of intangible assets	$	(14.4)	$	(8.4)	$	(13.3)	$	—	$	(36.1)
Restructuring charge	—		0.5		(0.1)		(0.4)		—
Acquisition and integration costs	—		—		—		(2.3)		(2.3)
Impairment of intangible assets	(5.7)		—		—		—		(5.7)
Total of items impacting operating expense and operating income	$	(20.1)	$	(7.9)	$	(13.4)	$	(2.7)	$	(44.1)

Revenue from External Customers by Geographic Areas


	Years Ended
(In millions)	January 3, 2020						December 28, 2018						December 29, 2017
Sales	Net Sales		% of Total Net Sales		Net Sales		% of Total Net Sales		Net Sales		% of Total Net Sales
North America	$	7,152.6	80.9	%	$	6,842.1	81.5	%	$	6,544.0	82.5	%
EMEA	625.5		7.0	%	660.3		7.8	%	626.3		7.9	%
Emerging Markets	1,067.5		12.1	%	897.8		10.7	%	757.1		9.6	%
Net sales	$	8,845.6	100.0	%	$	8,400.2	100.0	%	$	7,927.4	100.0	%

Long-lived Assets by Geographic Areas


(In millions)	January 3, 2020		December 28, 2018
Total assets
North America	$	3,861.1	$	3,709.4
EMEA	299.2		302.2
Emerging Markets	648.6		641.5
Total assets	$	4,808.9	$	4,653.1


(In millions)	January 3, 2020		December 28, 2018
Net property and equipment
North America	$	156.2	$	144.2
EMEA	9.5		9.7
Emerging Markets	9.2		9.4
Net property and equipment	$	174.9	$	163.3

Changes in Goodwill

The following table presents the changes in goodwill allocated to the Company's reporting units from December 29, 2017 to January 3, 2020:


(In millions)	NSS		EES		UPS		Total
Balance as of December 29, 2017	$	408.8	$	181.7	$	187.6	$	778.1
Acquisition related ^(a)	73.2		—		—		73.2
Foreign currency translation and other	(9.3)		(0.8)		(9.2)		(19.3)
Balance as of December 28, 2018	$	472.7	$	180.9	$	178.4	$	832.0
Acquisition related ^(a)	0.2		—		—		0.2
Foreign currency translation and other	(9.3)		0.4		5.4		(3.5)
Balance as of January 3, 2020	$	463.6	$	181.3	$	183.8	$	828.7

(a) In the second quarter of 2018, the Company completed the acquisition of security businesses in Australia and New Zealand for $150.1 million, including a preliminary net working capital adjustment of $4.6 million. The transaction was financed primarily from borrowings under the revolving lines of credit. The purchase price was preliminarily allocated to $32.6 million of working capital and $60.6 million of intangible assets during the year ended 2018. Acquisition costs were $2.6 million. The year ended 2018 results include approximately $71.9 million of sales from the acquired entities. The purchase price allocation was finalized in 2019.