COMMITMENTS AND GUARANTEES (Tables)

12 Months Ended

Dec. 28, 2013

Dec. 29, 2012

Commitments and Contingencies Disclosure [Abstract]

Summary of Company's Future Commitments

The following is a summary of the Company’s future commitments which span more than one future fiscal year:

(Millions of Dollars)	Total		2014		2015		2016		2017		2018		Thereafter
Operating lease obligations	$	335.4	$	89.6	$	66.1	$	50.3	$	38.3	$	28.5	$	62.6
Marketing commitments	59.4		28.5		10.9		10.3		6.7		1.5		1.5
Total	$	394.8	$	118.1	$	77.0	$	60.6	$	45.0	$	30.0	$	64.1

Summary of Guarantees

The Company's financial guarantees at December 28, 2013 are as follows:

(Millions of Dollars)	Term	Maximum Potential Payment		Carrying Amount of Liability
Guarantees on the residual values of leased properties	One to four years	$	26.1	$	—
Standby letters of credit	Up to three years	86.7		—
Commercial customer financing arrangements	Up to six years	17.7		13.7
Total		$	130.5	$	13.7

Summary of Warranty Liability Activity

Following is a summary of the warranty liability activity for the years ended December 28, 2013, December 29, 2012, and December 31, 2011:

(Millions of Dollars)	2013			2012			2011
Balance beginning of period	$	124.0		$	124.9		$	114.9
Warranties and guarantees issued	93.0			86.3			88.4
Liability assumed from acquisitions	0.1			0.2			10.5
Warranty payments and currency	(95.3		)	(87.4		)	(88.9		)
Balance end of period	$	121.8		$	124.0		$	124.9