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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Jan. 02, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule of Related Changes in the Benefit Obligations, Changes in Plan Assets, Funded Status, Amounts Recognized in the Balance Sheet, Amounts Recognized in Other Accumulated Comprehensive Income
The following table sets forth aggregated information related to the Company’s pension benefits and other postretirement benefits, including changes in the benefit obligations, changes in plan assets, funded status, amounts recognized in the balance sheet, amounts recognized in accumulated other comprehensive income, and actuarial assumptions that the Company considered in its determination of benefit obligations and plan costs. Benefit obligation balances presented below reflect the projected benefit obligation (PBO) for the Company's pension plans, and accumulated postretirement benefit obligations (APBO) for the Company's other benefit plans.
(In millions)
 
Pension Benefits
 
Other Benefits
 
 
2015
 
2014
 
2015
 
2014
Accumulated benefit obligation, end of year
 
$
182.8

 
$
203.4

 
$
11.3

 
$
13.0

 
 
 
 
 
 
 
 
 
Change in benefit obligation:
 
 

 
 

 
 

 
 

Benefit obligation, beginning of year
 
$
209.5

 
$
184.7

 
$
13.0

 
$
12.6

Service cost
 
1.4

 
1.2

 
0.1

 
0.1

Interest cost
 
7.5

 
8.2

 
0.5

 
0.5

Actuarial (gain)/loss
 
(12.3
)
 
33.0

 
(1.0
)
 
1.2

Settlements paid
 
(0.4
)
 
(0.2
)
 
—

 
—

Benefits paid
 
(14.4
)
 
(15.0
)
 
(1.3
)
 
(1.4
)
Curtailment
 
(1.9
)
 
—

 
—

 
—

Foreign currency exchange
 
(2.5
)
 
(2.4
)
 
—

 
—

Benefit obligation, end of year
 
$
186.9

 
$
209.5

 
$
11.3

 
$
13.0

 
 
 
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
 
 
 
Fair value of assets, beginning of year
 
$
160.0

 
$
151.1

 
$
—

 
$
—

Actual return on plan assets
 
(4.0
)
 
14.4

 
—

 
—

Company contributions
 
6.9

 
10.1

 
1.3

 
1.4

Settlements paid
 
(0.4
)
 
(0.1
)
 
—

 
—

Benefits paid
 
(14.4
)
 
(15.0
)
 
(1.3
)
 
(1.4
)
Foreign currency exchange
 
(0.7
)
 
(0.5
)
 
—

 
—

Plan assets, end of year
 
$
147.4

 
$
160.0

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
Funded status
 
$
(39.5
)
 
$
(49.5
)
 
$
(11.3
)
 
$
(13.0
)
 
 
 
 
 
 
 
 
 
Amounts recognized in balance sheet:
 
 

 
 

 
 

 
 

Deferred tax asset
 
29.6

 
30.4

 
0.9

 
1.5

Current liabilities
 
(3.4
)
 
(3.5
)
 
(1.2
)
 
(1.3
)
Noncurrent liabilities
 
(36.0
)
 
(46.0
)
 
(10.1
)
 
(11.7
)
Net liability, end of year
 
$
(9.8
)
 
$
(19.1
)
 
$
(10.4
)
 
$
(11.5
)
 
 
 
 
 
 
 
 
 
Amount recognized in accumulated other comprehensive income:
 
 

 
 

 
 

 
 

Prior service cost
 
—

 
—

 
0.5

 
0.7

Net actuarial loss
 
48.0

 
52.3

 
0.9

 
1.7

Settlement
 
2.1

 
1.4

 
—

 
—

Total recognized in accumulated other comprehensive income
 
$
50.1

 
$
53.7

 
$
1.4

 
$
2.4
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)









The following table sets forth other changes in plan assets and benefit obligation recognized in other comprehensive income for 2015 and 2014:

(In millions)
 
Pension Benefits
 
Other Benefits
 
 
2015
 
2014
 
2015
 
2014
Net actuarial (gain)/loss
 
$
(0.3
)
 
$
29.1

 
$
(1.0
)
 
$
1.3

Amortization of:
 
 

 
 

 
 

 
 

Net actuarial gain
 
(2.8
)
 
(2.2
)
 
(0.2
)
 
(0.1
)
Prior service credit
 
—

 
—

 
(0.4
)
 
(0.4
)
Settlement recognition
 
(2.1
)
 
(1.4
)
 
—

 
—

Deferred tax asset/(liability)
 
1.9

 
(8.3
)
 
0.6

 
(0.3
)
Foreign currency exchange
 
(0.3
)
 
(0.3
)
 
—

 
—

Total recognized in other comprehensive income
 
$
(3.6
)
 
$
16.9

 
$
(1.0
)
 
$
0.5
Weighted-average assumptions

Weighted-average assumptions used to determine domestic benefit obligations:

 
 
Pension Benefits
 
Other Benefits
 
 
2015
 
2014
 
2015
 
2014
Discount rate
 
4.37
%
 
3.95
%
 
4.09
%
 
3.75
%
Rate of increase in future compensation*
 
—
%
 
—
%
 
3.00 - 8.00%
(Graded)

 
3.00 - 8.00%
(Graded)


*No rate of increases in future compensation used within assumptions for 2015 and 2014, as the cash balance component of the domestic Pension Plan was frozen and the other domestic Pension Plan components do not base benefits on compensation.

Assumptions used to determine domestic periodic benefit cost:

 
 
Pension Benefits
 
Other Benefits
 
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Discount rate
 
4.00
%
 
4.75
%
 
4.00
%
 
3.75
%
 
4.50
%
 
3.50
%
Rate of increase in future compensation*
 
—
%
 
—
%
 
—
%
 
3.00 - 8.00%
(Graded)

 
3.00 - 12.00%
(Graded)

 
3.00 - 12.00%
(Graded)

Expected long-term rate of return on plan assets
 
7.00
%
 
7.70
%
 
8.00
%
 
—
%
 
—
%
 
—
%


*No rate of increases in future compensation used within assumptions for 2015 and 2014, as the cash balance component of the domestic Pension Plan was frozen and the other domestic Pension Plan components do not base benefits on compensation.

Schedule of Aggregated Net Periodic Benefit Cost and Other Benefit Cost
The following table sets forth the aggregated net periodic benefit cost for all pension plans for 2015, 2014, and 2013:
(In millions)
Pension Benefits
 
Other Benefits
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Service cost
$
1.4

 
$
1.2

 
$
1.8

 
$
0.1

 
$
0.1

 
$
0.1

Interest cost
7.5

 
8.2

 
7.6

 
0.5

 
0.5

 
0.5

Expected return on assets
(9.9
)
 
(10.6
)
 
(10.0
)
 
—

 
—

 
—

Amortization of:
 
 
 
 
 
 
 
 
 
 
 
Transition obligation
—

 
—

 
—

 
—

 
—

 
0.4

Settlement cost
—

 
—

 
0.1

 
—

 
—

 
—

Prior service cost
—

 
—

 
—

 
0.4

 
0.4

 
0.4

Actuarial loss
3.4

 
2.5

 
3.6

 
0.2

 
0.1

 
—

Net periodic benefit cost
$
2.4

 
$
1.3

 
$
3.1

 
$
1.2

 
$
1.1

 
$
1.4

Settlement cost
1.2

 
1.0

 
—

 
—

 
—

 
—

Total net periodic benefit cost
$
3.6

 
$
2.3

 
$
3.1

 
$
1.2

 
$
1.1

 
$
1.4
Schedule of Allocation of Plan Assets
As of January 2, 2016, funds were invested in equity, fixed income, and other investments as follows:

Equity
 
Percentage
U.S. Large Cap
 
15
%
World Equity ex-U.S.
 
13
%
U.S. Small / Mid Cap
 
6
%
Subtotal
 
34
%
 
 
 
Fixed Income
 
 
U.S. Treasury and Government Agency Securities                                      
 
11
%
Intermediate Duration Bond
 
24
%
Long Duration Bond
 
19
%
High Yield Fixed Income                                     
 
4
%
Emerging Markets Debt                                     
 
4
%
Subtotal
 
62
%
 
 
 
Other
 
 
Insurance Contracts                                              
 
3
%
Cash Equivalents
 
1
%
Subtotal
 
4
%
Total
 
100
%
Schedule of Fair Value of Defined Benefit Plan Assets
The fair values of the Company’s pension plan assets for 2015 and 2014 by asset category are as follows:

(In millions)
 
2015
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable
 Inputs
(Level 3)
Equity
 
 
 
 
 
 
 
 
U.S. Large Cap
 
$
22.9

 
$
22.9

 
$
—

 
$
—

U.S. Small / Mid Cap
 
8.1

 
8.1

 
—

 
—

World Equity ex-U.S.
 
19.6

 
19.6

 
—

 
—

Fixed Income
 
 
 
 
 
 
 
 
U.S. Treasury and Government Agency Securities
 
15.8

 
—

 
15.8

 
—

Intermediate Duration Bond
 
35.4

 
35.4

—

—

 
—

Long Duration Bond
 
28.0

 
28.0

 
—

 
—

High Yield Fixed Income
 
6.5

 
6.5

 
—

 
—

Emerging Markets Debt
 
5.4

 
5.4

 
—

 
—

Other
 
 
 
 
 
 
 
 
Insurance Contracts
 
4.9

 
—

 
4.9

 
—

Cash and Equivalents
 
0.8

 
0.8

 
—

 
—

Total
 
$
147.4

 
$
126.7

 
$
20.7

 
$
—


(In millions)
 
2014
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable
 Inputs
(Level 3)
Equity
 
 
 
 
 
 
 
 
U.S. Large Cap
 
$
23.0

 
$
23.0

 
$
—

 
$
—

U.S. Small / Mid Cap
 
8.9

 
8.9

 
—

 
—

World Equity ex-U.S.
 
19.9

 
19.9

 
—

 
—

Fixed Income
 
 
 
 
 
 
 
 
U.S. Treasury and Government Agency Securities
 
27.9

 
—

 
27.9

—

—

Intermediate Duration Bond
 
—

 
—

 
—

 
—

Long Duration Bond
 
62.7

 
62.7

 
—

 
—

High Yield Fixed Income
 
7.0

 
7.0

 
—

 
—

Emerging Markets Debt
 
5.4

 
5.4

 
—

 
—

Other
 
 
 
 
 
 
 
 
Insurance Contracts
 
5.2

 
—

 
5.2

 
—

Cash and Equivalents
 
—

 
—

 
—

 
—

Total
 
$
160.0

 
$
126.9

 
$
33.1

 
$
—
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid in accordance with the following schedule:

(In millions)
 
Pension
 Benefits
 
Other
 Benefits
2016
 
$
14.9

 
$
1.2

2017
 
11.3

 
1.1

2018
 
11.5

 
1.0

2019
 
11.2

 
1.0

2020
 
11.2

 
0.9

Years 2021 through 2025
 
61.6

 
3.8
Schedule of Company Contributions to Defined Contribution Plans
The following table sets forth Company contributions to the defined contribution plans:

(In millions)
 
2015
 
2014
 
2013
Company contributions to the plans
 
$
5.9

 
$
5.6

 
$
5.3