Cash Equivalents and Investments (Tables)

12 Months Ended

Dec. 30, 2016

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Investments

The following table summarizes the Company’s available-for-sale securities as of the end of fiscal 2016:

	At the end of Fiscal 2016
(Dollars in millions)
Available-for-sale securities:
U.S. Treasury securities	$	11.7
Municipal debt securities	10.0
Corporate debt securities	31.7
Time deposit	2.4
Commercial paper	77.5
Total available-for-sale securities	$	133.3
Reported as:
Cash and cash equivalents	$	22.2
Short-term investments	111.1
Total	$	133.3

Investments Classified by Contractual Maturity Date

The following table presents the contractual maturities of the Company's available-for-sale investments as of the end of fiscal 2016.

	At the end of Fiscal 2016
(Dollars in millions)
Due in less than 1 year	$	106.9
Due in 1 to 5 years	16.4
Due in 5-10 years	2.0
Due after 10 years	8.0
Total	$	133.3

The Company’s available-for-sale securities are liquid and may be sold in the future to fund future operating needs. As a result, the Company recorded all of its available-for-sale securities, not classified as cash equivalents, in Short-term investments as of the end of fiscal 2016, regardless of the contractual maturity date of the securities.