Income Taxes (Tables)

12 Months Ended

Dec. 28, 2018

Schedule Of Income Before Taxes, United States And Foreign

Income before taxes and the provision (benefit) for taxes consisted of the following:



Fiscal Years	2018		2017		2016
			*As Adjusted		*As Adjusted
(In millions)
Income before taxes:
United States	$	25.4	$	33.2	$	65.5
Foreign	252.6		215.0		110.6
Total	$	278.0	$	248.2	$	176.1

Schedule Of Provision For Taxes



Provision (benefit) for taxes:
US Federal:
Current	$	(19.7	)	$	98.6		$	34.0
Deferred	(25.8		)	(6.1		)	(15.4		)
	(45.5		)	92.5			18.6
US State:
Current	5.0			4.5			3.6
Deferred	(3.6		)	(1.0		)	0.5
	1.4			3.5			4.1
Foreign:
Current	57.0			42.7			28.8
Deferred	(18.2		)	(9.0		)	(7.6		)
	38.8			33.7			21.2
Income tax provision (benefit)	$	(5.3	)	$	129.7		$	43.9
Effective tax rate	(2		)%	52		%	25		%

Schedule Of Difference Between The Tax Provision At The Statutory Federal Income Tax Rate And The Tax Provision As A Percentage Of Income Before Taxes (Effective Tax Rate)

The difference between the tax provision (benefit) at the statutory federal income tax rate and the tax provision (benefit) as a percentage of income before taxes ("effective tax rate") was as follows:



Fiscal Years	2018		2017		2016
			*As Adjusted		*As Adjusted
Statutory federal income tax rate	21	%	35	%	35	%
Increase (reduction) in tax rate resulting from:
Foreign income taxed at different rates	(7	)%	(15	)%	(10	)%
US State income taxes	1	%	1	%	2	%
US Federal research and development credits	(4	)%	(3	)%	(3	)%
Stock-based compensation	1	%	2	%	3	%
Excess tax benefit related to stock-based compensation	(3	)%	(4	)%	—	%
Effect of U.S. tax law change	(8	)%	33	%	—	%
Other US taxes on foreign operations	2	%	—	%	—	%
Tax reserve releases	(9	)%	—	%	—	%
Divestiture	—	%	—	%	(5	)%
Other	4	%	3	%	3	%
Effective tax rate	(2	)%	52	%	25	%

Schedule Of Deferred Tax Assets And Liabilities

The significant components of the Company’s deferred tax assets and liabilities are as follows:



At the End of Fiscal Year	2018			2017
				*As Adjusted
(In millions)
Deferred tax liabilities:
Purchased intangibles	$	166.0		$	69.8
Depreciation and amortization	5.2			13.1
Deferred revenue	—			1.3
Other	9.5			8.4
Total deferred tax liabilities	180.7			92.6

Deferred tax assets:
Expenses not currently deductible	33.4			24.7
U.S. tax credit carryforwards	30.3			21.9
U.S. net operating loss carryforwards	20.8			6.4
Foreign net operating loss carryforwards	16.9			20.2
Stock-based compensation	20.3			21.4
Global Intangible Low-Taxed Income	13.4			—
Deferred revenue	3.6			—
Other	8.2			(4.4		)
Total deferred tax assets	146.9			90.2
Valuation allowance	(27.8		)	(25.2		)
Total deferred tax assets	119.1			65.0
Total net deferred tax liabilities	$	(61.6	)	$	(27.6	)

Reported as:
Non-current deferred income tax assets	12.2			20.2
Non-current deferred income tax liabilities	(73.8		)	(47.8		)
Net deferred tax liabilities	$	(61.6	)	$	(27.6	)

* See Note 2 for a summary of adjustments

Schedule Of Reconciliation Of Unrecognized Tax Benefit

The total amount of the unrecognized tax benefits at the end of fiscal 2018 was $69.1 million. A reconciliation of gross unrecognized tax benefit is as follows:



Fiscal Years	2018			2017			2016
(In millions)
Beginning gross balance	$	82.4		$	72.9		$	59.0
Increase (decrease) related to prior years' tax positions	4.5			(0.6		)	7.5
Increase related to current year tax positions	10.0			12.1			9.9
Lapse of statute of limitations	(18.9		)	(1.6		)	(1.4		)
Settlement with taxing authorities	(8.9		)	(0.4		)	(2.1		)
Ending gross balance	$	69.1		$	82.4		$	72.9