ACCRUED EXPENSES

12 Months Ended

Dec. 29, 2012

Payables and Accruals [Abstract]

ACCRUED EXPENSES

ACCRUED EXPENSES

Accrued expenses at December 29, 2012 and December 31, 2011 were as follows:

(Millions of Dollars)	2012		2011
Payroll and related taxes	$	294.4	$	285.9
Income and other taxes	220.0		224.1
Customer rebates and sales returns	77.2		82.1
Insurance and benefits	88.9		84.2
Accrued restructuring costs	125.2		70.0
Derivative financial instruments	78.0		156.9
Warranty costs	78.6		77.9
Deferred revenue	78.6		89.8
Forward stock purchase contract	350.0		—
Other	290.6		319.4
Total	$	1,681.5	$	1,390.3