COMMITMENTS AND GUARANTEES (Tables)

12 Months Ended

Dec. 29, 2012

Commitments and Contingencies Disclosure [Abstract]

Summary of Company's Future Commitments

The following is a summary of the Company’s future commitments which span more than one future fiscal year:

(Millions of Dollars)	Total		2013		2014		2015		2016		2017		Thereafter
Operating lease obligations	$	393.9	$	112.4	$	78.9	$	55.8	$	41.4	$	30.6	$	74.8
Marketing commitments	50.0		27.0		8.0		6.0		4.0		—		5.0
Total	$	443.9	$	139.4	$	86.9	$	61.8	$	45.4	$	30.6	$	79.8

Summary of Guarantees

The Company's financial guarantees at December 29, 2012 are as follows:

(Millions of Dollars)	Term	Maximum Potential Payment		Carrying Amount of Liability
Guarantees on the residual values of leased properties	One to four years	$	26.6	$	—
Standby letters of credit	Up to three years	71.5		—
Commercial customer financing arrangements	Up to six years	17.2		13.0
Total		$	115.3	$	13.0

Summary of Warranty Liability Activity

Following is a summary of the warranty liability activity for the years ended December 29, 2012, December 31, 2011, and January 1, 2011:

(Millions of Dollars)	2012			2011			2010
Balance beginning of period	$	124.9		$	114.9		$	66.9
Warranties and guarantees issued	86.3			88.4			85.7
Liability assumed from Merger and acquisitions	0.2			10.5			52.7
Warranty payments and currency	(87.4		)	(88.9		)	(90.4		)
Balance end of period	$	124.0		$	124.9		$	114.9