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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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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.

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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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.

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