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Income Taxes (Tables)
 12 Months Ended
Jan. 02, 2016
Income Tax Disclosure [Abstract]  
Income Before Taxes And Noncontrolling Interest
Income (loss) before taxes consisted of the following (in millions):
 
 
2015
 
2014
 
2013
United States
 
$
25.8

 
$
(11.2
)
 
$
75.4

Foreign
 
171.1

 
101.5

 
95.1

Total
 
$
196.9

 
$
90.3

 
$
170.5
Provision For Income Taxes
The provision for income taxes is summarized as follows (in millions):
 
 
2015
 
2014
 
2013
Current
 
 
 
 
 
 
 Federal
 
$
13.5

 
$
37.8

 
$
15.4

 State
 
0.2

 
1.5

 
4.8

 Foreign
 
45.1

 
41.3

 
29.8

 
 
$
58.8

 
$
80.6

 
$
50.0

Deferred
 
 
 
 
 
 
 Federal
 
$
(2.0
)
 
$
(21.2
)
 
$
6.3

 State
 
(0.9
)
 
(2.0
)
 
0.1

 Foreign
 
(7.5
)
 
(3.2
)
 
(11.9
)
 
 
(10.4
)
 
(26.4
)
 
(5.5
)
Total
 
$
48.4

 
$
54.2

 
$
44.5
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:
 
 
2015
 
2014
 
2013
Federal statutory rate
 
35.0
 %
 
35.0
 %
 
35.0
 %
State income taxes, net of federal benefit
 
(0.2
)%
 
(0.4
)%
 
1.9
 %
Domestic production activities deduction
 
(1.0
)%
 
(2.7
)%
 
(1.4
)%
Foreign rate differential - China
 
(3.3
)%
 
(7.7
)%
 
(4.4
)%
Foreign rate differential - All Other
 
(7.2
)%
 
(4.8
)%
 
(9.2
)%
Research and development credit
 
(4.1
)%
 
(7.4
)%
 
(4.5
)%
Statutory tax rate change
 
—
 %
 
—
 %
 
(2.6
)%
Goodwill impairment
 
4.0
 %
 
42.9
 %
 
13.2
 %
Valuation allowance
 
—
 %
 
4.2
 %
 
1.7
 %
Adjustments to tax accruals and reserves
 
2.1
 %
 
2.4
 %
 
(0.2
)%
Write down of Venezuelan assets
 
2.3
 %
 
—
 %
 
—
 %
Other
 
(3.0
)%
 
(1.5
)%
 
(3.4
)%
Effective tax rate
 
24.6
 %
 
60.0
 %
 
26.1
 %
Components Of Net Deferred Tax Asset (Liability)
The components of this net deferred tax liability are as follows (in millions):
 
 
January 2,
2016
 
January 3,
2015
Accrued employee benefits
 
$
72.9

 
$
60.5

Bad debt allowances
 
4.9

 
8.8

Warranty accruals
 
4.9

 
4.7

Inventory
 
22.5

 
9.7

Accrued liabilities
 
7.4

 
9.5

Derivative instruments
 
30.3

 
19.7

Tax loss carryforward
 
14.4

 
16.6

Valuation allowance
 
(8.2
)
 
(10.1
)
Other
 
4.7

 
2.8

    Deferred tax assets
 
153.8

 
122.2

Property related
 
(46.1
)
 
(37.1
)
Intangible items
 
(190.0
)
 
(134.1
)
    Deferred tax liabilities
 
(236.1
)
 
(171.2
)
Net deferred tax liability
 
$
(82.3
)
 
$
(49.0
)
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, 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

Gross increases from prior period tax positions
 
0.1

Gross increases from current period tax positions
 
3.6

Settlements with taxing authorities
 
(2.1
)
Lapse of statute of limitations
 
(0.2
)
Unrecognized tax benefits, January 3, 2015
 
$
5.8

Gross increases from prior period tax positions
 
—

Gross increases from current period tax positions
 
4.0

Settlements with taxing authorities
 
(1.3
)
Lapse of statute of limitations
 
(0.2
)
Unrecognized tax benefits, January 2, 2016
 
$
8.3