XML 51 R39.htm IDEA: XBRL DOCUMENT
v3.21.2

Income Taxes (Tables) | 9 Months Ended
--- | ---
Oct. 02, 2021
Income Tax Disclosure [Abstract] |
Provision for Income Taxes and Corresponding Effective Tax Rate | A summary of the provision for income taxes and the corresponding effective tax rate for the three and nine months ended October 2, 2021 and October 3, 2020, is shown below (in millions, except effective tax rates):
| Three Months Ended |  | Nine Months Ended
| October 2, 2021 |  | October 3, 2020 |  | October 2, 2021 |  | October 3, 2020
Provision for income taxes | $ | 20.9 |  |  | $ | 44.6 |  |  | $ | 119.1 |  |  | $ | 30.1 |
Pretax income before equity in net (income) loss of affiliates | $ | 13.9 |  |  | $ | 235.2 |  |  | $ | 522.0 |  |  | $ | 25.4 |
Effective tax rate | 150.4 | % |  | 19.0 | % |  | 22.8 | % |  | 118.5 | %
Schedule of Tax Benefits (Expense) | The Company's discrete tax benefit (expense) on significant items is shown below (in millions):
| Nine Months Ended
| October 2, 2021 |  | October 3, 2020
Restructuring charges and various other items | $ | 25.5 |  |  | $ | 20.7 |
Valuation allowances on deferred tax assets | (13.4) |  |  | (12.2) |
Release of tax reserves | 1.3 |  |  | — |
Favorable indirect tax ruling in a foreign jurisdiction | (9.2) |  |  | — |
Research and development tax credits | — |  |  | 5.0 |
| $ | 4.2 |  |  | $ | 13.5 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration