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Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 30, 2017
Income Tax Disclosure [Abstract] |
Income before taxes, equity in earnings of affiliates and loss on sale of equity investment |
|  | Years ended
|  | December 30, |  | December 31, |  | December 26,
|  | 2017 |  | 2016 |  | 2015
Domestic | $ | 649,657 |  | $ | 625,792 |  | $ | 591,320
Foreign |  | 173,191 |  |  | 130,043 |  |  | 129,438
| Total | $ | 822,848 |  | $ | 755,835 |  | $ | 720,758
Provision for income taxes attributable to continuing operations |
|  |  |  |  | Years ended
|  |  |  |  | December 30, |  | December 31, |  | December 26,
|  |  |  |  | 2017 |  | 2016 |  | 2015
Current income tax expense: |  |  |  |  |  |  |  |  |
| U.S. Federal |  | $ | 283,417 |  | $ | 185,438 |  | $ | 162,948
| State and local |  |  | 28,520 |  |  | 28,229 |  |  | 29,580
| Foreign |  |  | 50,084 |  |  | 41,357 |  |  | 25,104
|  | Total current |  |  | 362,021 |  |  | 255,024 |  |  | 217,632
Deferred income tax expense (benefit): |  |  |  |  |  |  |  |  |
| U.S. Federal |  |  | 13,686 |  |  | (18,090) |  |  | (3,381)
| State and local |  |  | 856 |  |  | (4,809) |  |  | 992
| Foreign |  |  | (14,057) |  |  | (14,167) |  |  | (3,852)
|  | Total deferred |  |  | 485 |  |  | (37,066) |  |  | (6,241)
|  |  | Total provision |  | $ | 362,506 |  | $ | 217,958 |  | $ | 211,391
Tax effects of temporary differences to deferred income tax asset (liability) |
|  |  |  | Years Ended
|  |  |  | December 30, |  | December 31,
|  |  |  | 2017 |  | 2016
Non-current deferred income tax asset (liability): |  |  |  |  |  |
| Inventory, premium coupon redemptions and accounts receivable |  |  |  |  |  |
|  | valuation allowances |  |  | 23,715 |  |  | 29,422
| Uniform capitalization adjustments to inventories |  |  | 6,591 |  |  | 10,632
| Property and equipment |  |  | (13,777) |  |  | (15,882)
| Stock-based compensation |  |  | 22,525 |  |  | 41,677
| Intangibles amortization |  |  | (132,280) |  |  | (142,678)
| Other non-current asset (liability) |  |  | 36,269 |  |  | 23,836
| Net operating losses and other carryforwards |  |  | 48,711 |  |  | 44,493
|  | Total non-current deferred tax liability |  |  | (8,246) |  |  | (8,500)
|  | Valuation allowance for non-current deferred tax assets (1) |  |  | (31,223) |  |  | (26,403)
Net deferred income tax liability (2) |  | $ | (39,469) |  | $ | (34,903)
(1) | Primarily relates to operating losses of acquired subsidiaries, the benefits of which are uncertain. Any future reductions
| of such valuation allowances will be reflected as a reduction of income tax expense in accordance with the provisions of
| ASC Topic 805, “Business Combinations.”
(2) | Certain deferred tax amounts do not have a right of offset and are therefore reflected on a gross basis in
| non-current assets and liabilities in our consolidated balance sheets.
Reconciliation of income tax provision at federal statutory rate to total income tax provision |
|  |  | Years ended
|  |  | December 30, |  | December 31, |  | December 26,
|  |  | 2017 |  | 2016 |  | 2015
Income tax provision at federal statutory rate |  | $ | 287,996 |  | $ | 264,542 |  | $ | 252,265
State income tax provision, net of federal income tax effect |  |  | 12,457 |  |  | 11,236 |  |  | 14,627
Foreign income tax provision |  |  | (24,433) |  |  | (18,036) |  |  | (25,942)
Pass through noncontrolling interest |  |  | (11,623) |  |  | (13,083) |  |  | (12,463)
Valuation allowance |  |  | 1,008 |  |  | 1,472 |  |  | (5,006)
Unrecognized tax benefits and audit settlements |  |  | 3,899 |  |  | 3,066 |  |  | 13,867
Interest expense related to loans |  |  | (18,717) |  |  | (21,737) |  |  | (22,415)
Excess tax benefits related to stock compensation |  |  | (17,387) |  |  | - |  |  | -
Transition tax on deemed repatriation of foreign earnings |  |  | 140,000 |  |  | - |  |  | -
Revaluation of deferred tax assets and liabilities |  |  | 2,953 |  |  | - |  |  | -
Other |  |  | (13,647) |  |  | (9,502) |  |  | (3,542)
| Total income tax provision |  | $ | 362,506 |  | $ | 217,958 |  | $ | 211,391
Reconciliation of unrecognized tax benefits excluding the effect of deferred taxes |
|  | December 30, |  | December 31, |  | December 26,
|  | 2017 |  | 2016 |  | 2015
Balance, beginning of period |  | $ | 90,400 |  | $ | 77,600 |  | $ | 65,800
Additions based on current year tax positions |  |  | 8,500 |  |  | 7,300 |  |  | 10,400
Additions based on prior year tax positions |  |  | 6,100 |  |  | 20,400 |  |  | 19,600
Reductions based on prior year tax positions |  |  | (800) |  |  | (900) |  |  | (10,500)
Reductions resulting from settlements with taxing authorities |  |  | (10,500) |  |  | (9,700) |  |  | (7,600)
Reductions resulting from lapse in statutes of limitations |  |  | (2,800) |  |  | (4,300) |  |  | (100)
Balance, end of period |  | $ | 90,900 |  | $ | 90,400 |  | $ | 77,600

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