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BASIS OF PREPARATION AND BUSINESS ACQUISITION (Tables)
6 Months Ended
Jul. 01, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Business Acquisitions
Provisional amounts recognized at acquisition in the first quarter of fiscal 2017 and the measurement period adjustments made during the second quarter of fiscal 2017 were as follows:

(in millions)
 
 
 
 
 
Revised
 
 
Provisional
 
Measurement Period
 
Provisional
 
 
Amounts
 
Adjustments
 
Amounts
 
 
 
 
 
 
 
Net assets acquired:
 
 
 
 
 
 
Assets acquired
 
$
55.5

 
$
(0.6
)
 
$
54.9

Liabilities assumed
 
(23.2
)
 
3.0

 
(20.2
)
Net assets acquired
 
32.3

 
2.4

 
34.7

 
 
 
 
 
 
 
Goodwill *
 
56.6

 
(2.4
)
 
54.2

Tradename
 
56.8

 

 
56.8

Customer relationships
 
35.9

 

 
35.9

Deferred income tax liabilities
 
(33.5
)
 

 
(33.5
)
Preliminary purchase price
 
148.1

 

 
148.1

Less cash acquired
 
(0.8
)
 

 
(0.8
)
Less estimated contingent consideration
 
(3.6
)
 

 
(3.6
)
Net cash paid
 
$
143.7

 

 
$
143.7

 
 
 
 
 
 
 
* Not deductible for income taxes