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Income Taxes (Tables) | 12 Months Ended
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Jan. 03, 2020
Income Tax Disclosure [Abstract] |
Schedule Of Income Before Taxes, United States And Foreign | Income before taxes and the provision (benefit) for taxes consisted of the following:
Fiscal Years | 2019 |  | 2018 |  | 2017
(In millions) |  |  |  |  |
Income before taxes: |  |  |  |  |
United States | $ | 43.0 |  |  | $ | 25.4 |  |  | $ | 33.2 |
Foreign | 301.8 |  |  | 252.6 |  |  | 215.0 |
Total | $ | 344.8 |  |  | $ | 278.0 |  |  | $ | 248.2 |
Schedule Of Provision For Taxes |
Provision (benefit) for taxes: |  |  |  |  |
U.S. Federal: |  |  |  |  |
Current | $ | (3.8 | ) |  | $ | (19.7 | ) |  | $ | 98.6 |
Deferred | 252.3 |  |  | (25.8 | ) |  | (6.1 | )
| 248.5 |  |  | (45.5 | ) |  | 92.5 |
U.S. State: |  |  |  |  |
Current | 5.1 |  |  | 5.0 |  |  | 4.5 |
Deferred | (0.7 | ) |  | (3.6 | ) |  | (1.0 | )
| 4.4 |  |  | 1.4 |  |  | 3.5 |
Foreign: |  |  |  |  |
Current | 49.2 |  |  | 57.0 |  |  | 42.7 |
Deferred | (471.8 | ) |  | (18.2 | ) |  | (9.0 | )
| (422.6 | ) |  | 38.8 |  |  | 33.7 |
Income tax provision (benefit) | $ | (169.7 | ) |  | $ | (5.3 | ) |  | $ | 129.7 |
Effective tax rate | (49 | )% |  | (2 | )% |  | 52 | %
Schedule Of Difference Between The Tax Provision At The Statutory Federal Income Tax Rate And The Tax Provision As A Percentage Of Income Before Taxes (Effective Tax Rate) | The difference between the tax provision (benefit) at the statutory federal income tax rate and the tax provision (benefit) as a percentage of income before taxes ("effective tax rate") was as follows:
Fiscal Years | 2019 |  | 2018 |  | 2017
Statutory federal income tax rate | 21 | % |  | 21 | % |  | 35 | %
Increase (reduction) in tax rate resulting from: |  |  |  |  |
Foreign income taxed at different rates | (7 | )% |  | (7 | )% |  | (15 | )%
U.S. State income taxes | 2 | % |  | 1 | % |  | 1 | %
U.S. Federal research and development credits | (3 | )% |  | (4 | )% |  | (3 | )%
Stock-based compensation | 1 | % |  | 1 | % |  | 2 | %
Excess tax benefit related to stock-based compensation | (2 | )% |  | (3 | )% |  | (4 | )%
Effect of U.S. tax law change | — | % |  | (8 | )% |  | 33 | %
Other US taxes on foreign operations | 1 | % |  | 2 | % |  | — | %
Tax reserve releases | (5 | )% |  | (9 | )% |  | — | %
Intercompany transfer of intellectual property | (60 | )% |  | — | % |  | — | %
Other | 3 | % |  | 4 | % |  | 3 | %
Effective tax rate | (49 | )% |  | (2 | )% |  | 52 | %
Schedule Of Deferred Tax Assets And Liabilities | The significant components of the Company’s deferred tax assets and liabilities are as follows:
At the End of Fiscal Year | 2019 |  | 2018
(In millions) |  |  |
Deferred tax liabilities: |  |  |
Purchased intangibles | $ | 158.7 |  |  | $ | 177.1 |
Global intangible low-taxed income | 233.7 |  |  | — |
Operating lease right-of-use assets | 35.3 |  |  | — |
Other | 12.8 |  |  | 13.8 |
Total deferred tax liabilities | 440.5 |  |  | 190.9 |
Deferred tax assets: |  |  |
Expenses not currently deductible | 28.0 |  |  | 33.4 |
Depreciation and amortization | 471.5 |  |  | 7.3 |
U.S. tax credit carryforwards | 34.2 |  |  | 30.3 |
U.S. net operating loss carryforwards | 9.8 |  |  | 20.8 |
Foreign net operating loss carryforwards | 16.2 |  |  | 16.9 |
Stock-based compensation | 13.3 |  |  | 20.3 |
Global intangible low-taxed income | — |  |  | 13.4 |
Operating lease liabilities | 36.0 |  |  | — |
Other | 14.1 |  |  | 14.7 |
Total deferred tax assets | 623.1 |  |  | 157.1 |
Valuation allowance | (25.3 | ) |  | (27.8 | )
Total deferred tax assets | 597.8 |  |  | 129.3 |
Total net deferred tax assets | $ | 157.3 |  |  | $ | (61.6 | )
Reported as: |  |  |
Non-current deferred income tax assets | $ | 475.5 |  |  | $ | 12.2 |
Non-current deferred income tax liabilities | (318.2 | ) |  | (73.8 | )
Net deferred tax assets (liabilities) | $ | 157.3 |  |  | $ | (61.6 | )
Schedule Of Reconciliation Of Unrecognized Tax Benefit | The total amount of the unrecognized tax benefits at the end of fiscal 2019 was $71.6 million. A reconciliation of gross unrecognized tax benefit is as follows:
Fiscal Years | 2019 |  | 2018 |  | 2017
(In millions) |  |  |  |  |
Beginning balance | $ | 69.1 |  |  | $ | 82.4 |  |  | $ | 72.9 |
Increase (decrease) related to prior years' tax positions | 3.8 |  |  | 4.5 |  |  | (0.6 | )
Increase related to current year tax positions | 12.6 |  |  | 10.0 |  |  | 12.1 |
Lapse of statute of limitations | (8.2 | ) |  | (18.9 | ) |  | (1.6 | )
Settlement with taxing authorities | (5.7 | ) |  | (8.9 | ) |  | (0.4 | )
Ending balance | $ | 71.6 |  |  | $ | 69.1 |  |  | $ | 82.4 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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