XML 24 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes
3 Months Ended
Apr. 02, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES

The worldwide effective income tax rates for the fiscal three months of 2017 and 2016 were 20.7% and 15.8%, respectively. The Company completed its acquisition of AMO in the first fiscal quarter of 2017, and incurred incremental tax costs that were discretely recorded in the first quarter, which increased the effective tax rate by 3.8% compared to the same period in 2016.  Additionally, the Company had more income in higher tax jurisdictions relative to lower tax jurisdictions as compared to 2016. These tax increases were partially offset by additional tax benefits received from stock-based compensation that either vested or were exercised during the first fiscal quarters of 2017 and 2016, which reduced the effective tax rate by 3.6% and 3.1%, respectively.

As of April 2, 2017, the Company had approximately $3.1 billion of liabilities from unrecognized tax benefits. The Company believes it is possible that audits may be completed by tax authorities in some jurisdictions over the next twelve months. The Company is not able to provide a reasonably reliable estimate of the timing of any future tax payments relating to uncertain tax positions.