Income Taxes

12 Months Ended

Dec. 29, 2012

Income Tax Disclosure [Abstract]

Income Taxes

(10) Income Taxes

Income before taxes consisted of the following (in millions):

	2012		2011		2010
United States	$	121.3	$	137.0	$	170.5
Foreign	148.6		89.3		50.2
Total	$	269.9	$	226.3	$	220.7

The provision for income taxes is summarized as follows (in millions):

	2012		2011		2010
Current
Federal	$	24.5	$	41.6	$	44.7
State	7.2		5.7		6.3
Foreign	31.4		18.7		14.3
	63.1		66.0		65.3
Deferred	6.5		2.3		0.7
Total	$	69.6	$	68.3	$	66.0

A reconciliation of the statutory Federal income tax rate and the effective tax rate reflected in the consolidated statements of income follows:

	2012		2011		2010
Federal statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	2.0	%	1.7	%	2.2	%
Domestic production activities deduction	(1.0	)%	(1.7	)%	(1.0	)%
Foreign rate differential	(11.4	)%	(5.6	)%	(3.9	)%
Adjustments to tax accruals and reserves	0.5	%	0.7	%	(0.9	)%
Other, net	0.7	%	0.1	%	(1.5	)%
Effective tax rate	25.8	%	30.2	%	29.9	%

Deferred taxes arise primarily from differences in amounts reported for tax and financial statement purposes. The Company's net deferred tax liability as of December 29, 2012 of $(83.3) million is classified on the consolidated balance sheet as a net current deferred income tax benefit of $48.7 million and a net non-current deferred income tax liability of $132.0 million. The components of this net deferred tax liability are as follows (in millions):