ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2016

Payables and Accruals [Abstract]

Accrued Expenses

Accrued expenses at December 31, 2016 and January 2, 2016 were as follows:

(Millions of Dollars)	2016		2015
Payroll and related taxes	$	268.0	$	271.8
Income and other taxes	117.6		157.6
Customer rebates and sales returns	68.2		66.5
Insurance and benefits	87.4		71.8
Accrued restructuring costs	35.6		58.7
Derivative financial instruments	49.8		49.8
Warranty costs	68.8		67.8
Deferred revenue	81.9		89.2
Forward share purchase contract	—		150.0
Other	324.2		278.7
Total	$	1,101.5	$	1,261.9