XML 46 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes (Tables)
 6 Months Ended
Jul. 01, 2017
Income Tax Disclosure [Abstract]  
Provision for Income Taxes and Corresponding Effective Tax Rate
A summary of the provision for income taxes and the corresponding effective tax rate for the three and six months ended July 1, 2017 and July 2, 2016, is shown below (in millions, except effective tax rates):
 
Three Months Ended
 
Six Months Ended
 
July 1,
2017
 
July 2,
2016
 
July 1,
2017
 
July 2,
2016
Provision for income taxes
$
73.3

 
$
101.0

 
$
162.4

 
$
199.2

Pretax income before equity in net income of affiliates
$
381.9

 
$
376.0

 
$
774.1

 
$
719.9

Effective tax rate
19.2
%
 
26.9
%
 
21.0
%
 
27.7
%