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INCOME TAXES - Significant Components of Deferred Tax Assets and Liabilities (Detail) - USD ($)
$ in Millions
Jan. 01, 2022
Jan. 02, 2021
Deferred tax liabilities:    
Depreciation $ 132.2 $ 149.3
Intangible assets 917.3 669.6
Liability on undistributed foreign earnings 48.2 29.7
Lease right-of-use asset 106.5 107.4
Inventory 79.6 26.2
Other 48.4 62.9
Total deferred tax liabilities 1,332.2 1,045.1
Deferred tax assets:    
Employee benefit plans 204.2 240.0
Basis differences in liabilities 100.4 91.4
Operating loss, capital loss and tax credit carryforwards 830.7 745.4
Lease liability 109.7 110.5
Intangible assets 417.7 301.3
Basis difference in debt obligations 205.1 21.0
Capitalized research and development costs 86.0 52.2
Other 206.6 169.6
Total deferred tax assets 2,160.4 1,731.4
Net Deferred Tax Asset before Valuation Allowance 828.2 686.3
Valuation Allowance (1,067.2) (1,001.9)
Net Deferred Tax Liability after Valuation Allowance $ (239.0) $ (315.6)