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Income Taxes (Tables)
 12 Months Ended
Dec. 30, 2017
Income Tax Disclosure [Abstract]  
Income Before Taxes And Noncontrolling Interest
Income before taxes consisted of the following (in millions):
 
 
2017
 
2016
 
2015
United States
 
$
147.4

 
$
143.4

 
$
25.8

Foreign
 
129.8

 
123.0

 
171.1

Total
 
$
277.2

 
$
266.4

 
$
196.9
Provision For Income Taxes
The provision for income taxes is summarized as follows (in millions):
 
 
2017
 
2016
 
2015
Current
 
 
 
 
 
 
 Federal
 
$
36.9

 
$
23.1

 
$
13.5

 State
 
(0.3
)
 
3.5

 
0.2

 Foreign
 
32.2

 
30.4

 
45.1

 
 
$
68.8

 
$
57.0

 
$
58.8

Deferred
 
 
 
 
 
 
 Federal
 
$
(7.2
)
 
$
5.6

 
$
(2.0
)
 State
 
2.2

 
1.8

 
(0.9
)
 Foreign
 
(4.7
)
 
(7.3
)
 
(7.5
)
 
 
(9.7
)
 
0.1

 
(10.4
)
Total
 
$
59.1

 
$
57.1

 
$
48.4
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:
 
 
2017
 
2016
 
2015
Federal Statutory Rate
 
35.0
 %
 
35.0
 %
 
35.0
 %
State Income Taxes, Net of Federal Benefit
 
0.3
 %
 
1.5
 %
 
(0.2
)%
Domestic Production Activities Deduction
 
(1.0
)%
 
(1.1
)%
 
(1.0
)%
Foreign Rate Differential - China
 
(2.1
)%
 
(2.0
)%
 
(3.3
)%
Foreign Rate Differential - All Other
 
(4.3
)%
 
(6.0
)%
 
(7.2
)%
Research and Development Credit
 
(3.0
)%
 
(2.3
)%
 
(4.1
)%
Goodwill Impairment
 
—
 %
 
—
 %
 
4.0
 %
Valuation Allowance
 
(0.6
)%
 
—
 %
 
—
 %
Tax Cuts and Jobs Act of 2017
 
(0.4
)%
 
—
 %
 
—
 %
Adjustments to Tax Accruals and Reserves
 
(1.9
)%
 
0.7
 %
 
2.1
 %
Write Down of Venezuelan Assets
 
—
 %
 
—
 %
 
2.3
 %
Other
 
(0.7
)%
 
(4.4
)%
 
(3.0
)%
Effective Tax Rate
 
21.3
 %
 
21.4
 %
 
24.6
 %
Components Of Net Deferred Tax Asset (Liability)
The components of this net deferred tax liability are as follows (in millions):
 
 
December 30,
2017
 
December 31,
2016
Accrued Employee Benefits
 
$
53.4

 
$
75.1

Bad Debt Allowances
 
2.3

 
2.7

Warranty Accruals
 
3.1

 
5.5

Inventory
 
12.9

 
21.3

Accrued Liabilities
 
(5.3
)
 
9.2

Derivative Instruments
 
(4.3
)
 
25.9

Tax Loss Carryforward
 
12.9

 
12.4

Valuation Allowance
 
(5.9
)
 
(6.8
)
Other
 
1.2

 
5.0

    Deferred Tax Assets
 
70.3

 
150.3

Property Related
 
(26.2
)
 
(31.4
)
Intangible Items
 
(150.9
)
 
(194.2
)
    Deferred Tax Liabilities
 
(177.1
)
 
(225.6
)
Net Deferred Tax Liability
 
$
(106.8
)
 
$
(75.3
)
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 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

Gross Increases from Prior Period Tax Positions
 
—

Gross Increases from Current Period Tax Positions
 
2.0

Settlements with Taxing Authorities
 
—

Lapse of Statute of Limitations
 
(0.3
)
Unrecognized Tax Benefits, December 31, 2016
 
$
10.0

Gross Increases from Prior Period Tax Positions
 
—

Gross Increases from Current Period Tax Positions
 
2.7

Settlements with Taxing Authorities
 
(5.3
)
Lapse of Statute of Limitations
 
(0.7
)
Unrecognized Tax Benefits, December 30, 2017
 
$
6.7