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Income Taxes (Tables)
 12 Months Ended
Dec. 30, 2022
Income Tax Disclosure [Abstract]  
Schedule Of Income Before Taxes
Income before taxes and the provision (benefit) for taxes consisted of the following:
202220212020
(In millions)
Income before taxes:
United States$117.7 $144.0 $24.7 
Foreign451.4 430.6 370.3 
Total$569.1 $574.6 $395.0 
Provision (benefit) for taxes:
U.S. Federal:
Current$98.4 $27.1 $(5.8)
Deferred(97.7)(22.9)(16.3)
0.7 4.2 (22.1)
U.S. State:
Current12.6 5.6 0.8 
Deferred(5.0)(2.5)7.1 
7.6 3.1 7.9 
Foreign:
Current48.4 76.0 62.2 
Deferred62.7 (1.5)(43.6)
111.1 74.5 18.6 
Income tax provision$119.4 $81.8 $4.4 
Effective tax rate21.0 %14.2 %1.1 %
Schedule Of Provision For Taxes
Income before taxes and the provision (benefit) for taxes consisted of the following:
202220212020
(In millions)
Income before taxes:
United States$117.7 $144.0 $24.7 
Foreign451.4 430.6 370.3 
Total$569.1 $574.6 $395.0 
Provision (benefit) for taxes:
U.S. Federal:
Current$98.4 $27.1 $(5.8)
Deferred(97.7)(22.9)(16.3)
0.7 4.2 (22.1)
U.S. State:
Current12.6 5.6 0.8 
Deferred(5.0)(2.5)7.1 
7.6 3.1 7.9 
Foreign:
Current48.4 76.0 62.2 
Deferred62.7 (1.5)(43.6)
111.1 74.5 18.6 
Income tax provision$119.4 $81.8 $4.4 
Effective tax rate21.0 %14.2 %1.1 %
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:
202220212020
Statutory federal income tax rate21.0 %21.0 %21.0 %
Increase (reduction) in tax rate resulting from:
Foreign income taxed at different rates4.4 %0.5 %1.7 %
Change in valuation allowance— %— %2.0 %
U.S. State income taxes1.0 %1.1 %0.5 %
Stock-based compensation1.8 %1.7 %1.5 %
Excess tax benefit related to stock-based compensation(0.6)%(2.5)%(1.5)%
Other U.S. taxes on foreign operations(3.5)%(1.6)%(1.0)%
U.S. Federal research and development credits(2.2)%(2.1)%(2.3)%
Tax reserve releases(1.8)%(2.1)%(4.8)%
Intellectual property restructuring and tax law changes— %(2.5)%(16.2)%
Other0.9 %0.7 %0.2 %
Effective tax rate21.0 %14.2 %1.1 %
Schedule Of Deferred Tax Assets And Liabilities The significant components of deferred tax assets and liabilities were as follows:
At the End of Year20222021
(In millions)  
Deferred tax liabilities:
Global intangible low-taxed income$137.8 $207.6 
Purchased intangibles121.1 115.8 
Operating lease right-of-use assets29.0 33.5 
Other16.1 12.7 
Total deferred tax liabilities304.0 369.6 
Deferred tax assets:
Depreciation and amortization400.0 474.9 
Capitalized research and development67.5 6.9 
Operating lease liabilities
32.8 36.4 
U.S. tax credit carryforwards25.6 25.8 
Expenses not currently deductible30.9 43.7 
Foreign net operating loss carryforwards15.3 18.0 
Stock-based compensation
13.8 13.9 
U.S. net operating loss carryforwards4.7 5.8 
Other36.6 28.8 
Total deferred tax assets627.2 654.2 
Valuation allowance(42.6)(45.7)
Total deferred tax assets584.6 608.5 
Total net deferred tax assets$280.6 $238.9 
Reported as:
Non-current deferred income tax assets$438.4 $502.0 
Non-current deferred income tax liabilities(157.8)(263.1)
Net deferred tax assets$280.6 $238.9 
Schedule Of Reconciliation Of Unrecognized Tax Benefit
The total amount of unrecognized tax benefits at the end of 2022 was $76.5 million. A reconciliation of gross unrecognized tax benefits was as follows: 
202220212020
(In millions)
Beginning balance$64.2 $64.1 $71.6 
Increase related to current year tax positions23.0 9.6 8.0 
(Decrease) increase related to prior years' tax positions(0.7)1.3 (0.4)
Settlement with taxing authorities— (1.3)(0.5)
Lapse of statute of limitations(10.0)(9.5)(14.6)
Ending balance$76.5 $64.2 $64.1