Income Taxes (Tables)

12 Months Ended

Dec. 28, 2013

Income Tax Disclosure [Abstract]

Income Before Taxes And Noncontrolling Interest

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

	2013		2012		2011
United States	$	75.4	$	121.3	$	137.0
Foreign	95.1		148.6		89.3
Total	$	170.5	$	269.9	$	226.3

Provision For Income Taxes

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

	2013			2012		2011
Current
Federal	$	15.4		$	24.5	$	41.6
State	4.8			7.2		5.7
Foreign	29.8			31.4		18.7
	50.0			63.1		66.0
Deferred	(5.5		)	6.5		2.3
Total	$	44.5		$	69.6	$	68.3

Reconciliation Of The Statutory Federal Income Tax Rate And The Effective Tax Rate

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

	2013		2012		2011
Federal statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	1.9	%	2.0	%	1.7	%
Domestic production activities deduction	(1.4	)%	(1.0	)%	(1.7	)%
Foreign rate differential - China	(4.4	)%	(2.1	)%	(0.7	)%
Foreign rate differential - All Other	(9.2	)%	(9.3	)%	(4.9	)%
Research and development credit	(4.5	)%	—	%	—	%
Statutory tax rate change	(2.6	)%	—	%	—	%
Goodwill impairment	13.2	%	—	%	—	%
Valuation allowance	1.7	%	—	%	—	%
Adjustments to tax accruals and reserves	—	%	0.5	%	0.7	%
Other	(3.6	)%	0.7	%	0.1	%
Effective tax rate	26.1	%	25.8	%	30.2	%

Components Of Net Deferred Tax Asset (Liability)

The components of this net deferred tax liability are as follows (in millions):

	December 28, 2013			December 29, 2012
Accrued employee benefits	$	43.5		$	43.1
Bad debt allowances	2.6			1.0
Warranty accruals	4.9			5.7
Inventory	7.7			9.3
Accrued liabilities	13.2			11.7
Derivative instruments	5.9			10.7
Tax loss carryforward	11.4			11.3
Valuation allowance	(5.9		)	(3.0		)
Other	1.4			0.2
Deferred tax assets	84.7			90.0
Property related	(41.6		)	(39.6		)
Intangible items	(136.6		)	(133.7		)
Deferred tax liabilities	(178.2		)	(173.3		)
Net deferred tax liability	$	(93.5	)	$	(83.3	)

Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits

Following is a reconciliation of the beginning and ending amount of unrecognized tax benefits (in millions):

Unrecognized tax benefits, January 1, 2011	$	5.5
Gross increases from prior period tax positions	1.6
Gross increases from current period tax positions	0.2
Settlements with taxing authorities	(0.2		)
Lapse of statute of limitations	—
Unrecognized tax benefits, December 31, 2011	$	7.1
Gross increases from prior period tax positions	0.7
Gross increases from current period tax positions	—
Settlements with taxing authorities	(1.6		)
Lapse of statute of limitations	(0.5		)
Unrecognized tax benefits, December 29, 2012	$	5.7
Gross increases from prior period tax positions	1.1
Gross increases from current period tax positions	0.3
Settlements with taxing authorities	(2.1		)
Lapse of statute of limitations	(0.6		)
Unrecognized tax benefits, December 28, 2013	$	4.4