Income Taxes (Tables)

12 Months Ended

Dec. 29, 2018

Income Tax Disclosure [Abstract]

Income Before Taxes And Noncontrolling Interest

Income before taxes consisted of the following (in millions):

	2018		2017		2016
United States	$	121.5	$	147.4	$	143.4
Foreign	170.7		129.8		123.0
Total	$	292.2	$	277.2	$	266.4

Provision For Income Taxes

The provision for income taxes is summarized as follows (in millions):

	2018			2017			2016
Current
Federal	$	4.5		$	36.9		$	23.1
State	0.8			(0.3		)	3.5
Foreign	37.9			32.2			30.4
	$	43.2		$	68.8		$	57.0
Deferred
Federal	$	16.6		$	(7.2	)	$	5.6
State	2.1			2.2			1.8
Foreign	(5.5		)	(4.7		)	(7.3		)
	13.2			(9.7		)	0.1
Total	$	56.4		$	59.1		$	57.1

Reconciliation Of The Statutory Federal Income Tax Rate And The Effective Tax Rate

A reconciliation of the statutory federal income tax rate and the effective tax rate reflected in the consolidated statements of income follows:

	2018	2017	2016
Federal Statutory Rate	21.0%	35.0%	35.0%
State Income Taxes, Net of Federal Benefit	1.1%	0.3%	1.5%
Domestic Production Activities Deduction	—%	(1.0)%	(1.1)%
Foreign Rate Differential - China	0.9%	(2.1)%	(2.0)%
Foreign Rate Differential - All Other	(1.4)%	(4.3)%	(6.0)%
Research and Development Credit	(2.5)%	(3.0)%	(2.3)%
Valuation Allowance	(0.3)%	(0.6)%	—%
Tax Cuts and Jobs Act of 2017	(1.3)%	(0.4)%	—%
Tax on Repatriation	1.3%	—%	—%
Adjustments to Tax Accruals and Reserves	—%	(1.9)%	0.7%
Other	0.5%	(0.7)%	(4.4)%
Effective Tax Rate	19.3%	21.3%	21.4%

Components Of Net Deferred Tax Asset (Liability)

The components of this net deferred tax liability are as follows (in millions):

	December 29, 2018			December 30, 2017
Accrued Employee Benefits	$	53.9		$	53.4
Bad Debt Allowances	2.2			2.3
Warranty Accruals	3.6			3.1
Inventory	14.6			12.9
Accrued Liabilities	(8.0		)	(5.3		)
Derivative Instruments	1.8			(4.3		)
Tax Loss Carryforward	13.1			12.9
Valuation Allowance	(4.9		)	(5.9		)
Other	14.0			1.2
Deferred Tax Assets	90.3			70.3
Property Related	(32.2		)	(26.2		)
Intangible Items	(172.2		)	(150.9		)
Deferred Tax Liabilities	(204.4		)	(177.1		)
Net Deferred Tax Liability	$	(114.1	)	$	(106.8	)

Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits

Following is a reconciliation of the beginning and ending amount of unrecognized tax benefits (in millions):

Unrecognized Tax Benefits, January 2, 2016	$	8.3
Gross Increases from Prior Period Tax Positions	—
Gross Increases from Current Period Tax Positions	2.0
Settlements with Taxing Authorities	—
Lapse of Statute of Limitations	(0.3		)
Unrecognized Tax Benefits, December 31, 2016	$	10.0
Gross Increases from Prior Period Tax Positions	—
Gross Increases from Current Period Tax Positions	2.7
Settlements with Taxing Authorities	(5.3		)
Lapse of Statute of Limitations	(0.7		)
Unrecognized Tax Benefits, December 30, 2017	$	6.7
Gross Increases from Prior Period Tax Positions	—
Gross Increases from Current Period Tax Positions	0.3
Settlements with Taxing Authorities	(0.1		)
Lapse of Statute of Limitations	(0.4		)
Unrecognized Tax Benefits, December 29, 2018	$	6.5