Advance Auto Parts (AAP) 10-Q 13 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document Document - shares	9 Months Ended
	Oct. 06, 2018	Nov. 09, 2018
Document Information [Line Items]
Entity Registrant Name	Advance Auto Parts Inc
Entity Central Index Key	1,158,449
Current Fiscal Year End Date	--12-29
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Oct. 6, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		72,893,719
Entity Small Business	false
Entity Emerging Growth Company	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 06, 2018	Dec. 30, 2017
Current assets:
Cash and cash equivalents	$ 970,006	$ 546,937
Receivables, net	698,617	606,357
Inventories	4,187,082	4,168,492
Other current assets	168,578	105,106
Total current assets	6,024,283	5,426,892
Property and equipment, net of accumulated depreciation of $1,914,153 and $1,783,383	1,335,769	1,394,138
Goodwill	992,764	994,293
Intangible assets, net	562,698	597,674
Other assets	56,839	69,304
Assets, Total	8,972,353	8,482,301
Current liabilities:
Accounts payable	3,023,660	2,894,582
Accrued expenses	648,817	533,548
Other current liabilities	48,755	51,967
Total current liabilities	3,721,232	3,480,097
Long-term debt	1,045,398	1,044,327
Deferred income taxes	320,160	303,620
Other long-term liabilities	225,927	239,061
Commitments and Contingencies
Stockholders' equity:
Preferred stock, nonvoting, $0.0001 par value	0	0
Common stock, voting, $0.0001 par value	8	8
Additional paid-in capital	685,675	664,646
Treasury stock, at cost	(271,082)	(144,600)
Accumulated other comprehensive loss	(32,083)	(24,954)
Retained earnings	3,277,118	2,920,096
Total stockholders’ equity	3,659,636	3,415,196
Liabilities and Stockholders' Equity, Total	$ 8,972,353	$ 8,482,301

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Oct. 06, 2018	Dec. 30, 2017
Statement of Financial Position [Abstract]
Accumulated Depreciation, Property and Equipment	$ 1,914,153	$ 1,783,383
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017
Income Statement [Abstract]
Net sales	$ 2,274,982	$ 2,182,233	$ 7,475,482	$ 7,336,798
Cost of sales, including purchasing and warehousing costs	1,268,055	1,234,525	4,184,713	4,125,318
Gross profit	1,006,927	947,708	3,290,769	3,211,480
Selling, general and administrative expenses	852,686	791,139	2,770,747	2,728,420
Operating income	154,241	156,569	520,022	483,060
Other, net:
Interest expense	(13,076)	(13,314)	(43,613)	(45,665)
Other income, net	5,755	745	8,998	8,727
Total other, net	(7,321)	(12,569)	(34,615)	(36,938)
Income before provision for income taxes	146,920	144,000	485,407	446,122
Provision for income taxes	31,077	48,004	115,002	155,117
Net income	$ 115,843	$ 95,996	$ 370,405	$ 291,005
Basic earnings per common share	$ 1.57	$ 1.30	$ 5.01	$ 3.94
Weighted average common shares outstanding	73,888	73,866	73,974	73,827
Diluted earnings per common share	$ 1.56	$ 1.30	$ 4.99	$ 3.93
Weighted average common shares outstanding	74,190	74,106	74,212	74,097
Dividends declared per common share	$ 0.06	$ 0.06	$ 0.18	$ 0.18

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017
Net income	$ 115,843	$ 95,996	$ 370,405	$ 291,005
Other comprehensive (loss) income:
Changes in net unrecognized other postretirement benefit costs, net of tax of $24, $41, $80 and $137	(69)	(63)	(227)	(211)
Currency translation adjustments	3,900	2,225	(6,902)	15,409
Total other comprehensive income (loss)	3,831	2,162	(7,129)	15,198
Comprehensive income	$ 119,674	$ 98,158	$ 363,276	$ 306,203

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) [Abstract]
Changes in net unrecognized postretirement benefit costs, Tax	$ 24	$ 41	$ 80	$ 137

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017
Cash flows from operating activities:
Net income	$ 370,405	$ 291,005
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	183,584	192,753
Share-based compensation	19,265	28,156
Loss on disposal and impairment of long-lived assets	6,267	4,692
Provision (benefit) for deferred income taxes	17,029	(25,712)
Other	1,686	2,262
Net change in:
Receivables, net	(93,595)	(35,760)
Inventories	(22,862)	116,957
Accounts payable	131,572	(170,227)
Accrued expenses	122,779	36,564
Other assets and liabilities, net	(54,627)	(39,685)
Net cash provided by operating activities	681,503	401,005
Cash flows from investing activities:
Purchases of property and equipment	(105,132)	(160,960)
Proceeds from sales of property and equipment	1,450	6,120
Other, net	0	20
Net cash used in investing activities	(103,682)	(154,820)
Cash flows from financing activities:
(Decrease) increase in bank overdrafts	(11,973)	4,676
Borrowings under credit facilities	0	534,400
Payments on credit facilities	0	(534,400)
Dividends paid	(17,819)	(17,828)
Proceeds from the issuance of common stock	2,290	3,142
Tax withholdings related to the exercise of stock appreciation rights	(490)	(6,414)
Repurchase of common stock	(126,482)	(3,380)
Other, net	814	(2,095)
Net cash used in financing activities	(153,660)	(21,899)
Effect of exchange rate changes on cash	(1,092)	3,838
Net increase in cash and cash equivalents	423,069	228,124
Cash and cash equivalents, beginning of period	546,937	135,178
Cash and cash equivalents, end of period	970,006	363,302
Non-cash transactions:
Accrued purchases of property and equipment	$ 11,066	$ 7,860

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Oct. 06, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Nature of Operations and Basis of Presentation: Advance Auto Parts, Inc. and subsidiaries is a leading automotive aftermarket parts provider in North America, serving both professional installers (“Professional”) and “do-it-yourself” (“DIY”) customers. The accompanying condensed consolidated financial statements include the accounts of Advance Auto Parts, Inc. (“Advance”), its wholly owned subsidiary, Advance Stores Company, Incorporated (“Advance Stores”) and its subsidiaries (collectively referred to as “Advance,” “we,” “us,” “our” or “the Company”) and have been prepared by the Company. As of October 6, 2018 , we operated a total of 4,981 stores and 139 branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. In addition, as of October 6, 2018 , we served 1,229 independently owned Carquest branded stores (“independent stores”) across the same geographic locations served by our stores in addition to Mexico, the Bahamas, Turks and Caicos, the British Virgin Islands and the Pacific Islands. The accounting policies followed in the presentation of interim financial results are consistent with those followed on an annual basis. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), have been condensed or omitted based upon the Securities and Exchange Commission (“SEC”) interim reporting guidance. These condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in our Annual Report on Form 10-K for 2017 as filed with the SEC on February 21, 2018 . The results of operations for the interim periods are not necessarily indicative of the operating results to be expected for the full year. Our first quarter of the year contains sixteen weeks. Our remaining three quarters consist of twelve weeks.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Oct. 06, 2018
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies: Revenues Revenue for periods through December 30, 2017 was reported under Accounting Standards Codification (“ASC”) 605, Revenue Recognition (Topic 605) , as described in our accounting policies in our 2017 Form 10-K. Effective December 31, 2017, we adopted ASC 606, Revenue From Contracts With Customers (Topic 606) (“ASC 606”). The results of applying Topic 606 using the modified retrospective approach were insignificant and did not have a material impact on our consolidated financial condition, results of operations, cash flows, business process, controls or systems. ASC 606 defines a performance obligation as a promise in a contract to transfer a distinct good or service to the customer and is considered the unit of account. The majority of our contracts have one single performance obligation as the promise to transfer the individual goods is not separately identifiable from other promises in the contracts and is, therefore, not distinct. Discounts and incentives are treated as separate performance obligations. We allocate the contract’s transaction price to each of these performance obligations separately using explicitly stated amounts or our best estimate using historical data. Additionally, we estimate and record gift card breakage as redemptions occur. In accordance with ASC 606 revenue is recognized at the time the sale is made, at which time our walk-in customers take immediate possession of the merchandise or same-day delivery is made to our Professional delivery customers, which include certain independently-owned store locations. Payment terms are established for our Professional delivery customers based on pre-established credit requirements. Payment terms vary depending on the customer and generally range from 1 to 30 days. Based on the nature of receivables, no significant financing components exist. For e-commerce sales, revenue is recognized either at the time of pick-up at one of our store locations or at the time of shipment depending on the customer's order designation. Sales are recorded net of discounts, sales incentives and rebates, sales taxes and estimated returns and allowances. We estimate the reduction to Net sales and Cost of sales for returns based on current sales levels and our historical return experience. We provide assurance type warranty coverage primarily on batteries, brakes and struts whereby we are required to provide replacement product at no cost or a reduced cost for a set period of time. We had no material contract assets, contract liabilities or costs to obtain and fulfill contracts recorded on the Condensed Consolidated Balance Sheet as of October 6, 2018 . For the twelve and forty weeks ended October 6, 2018 , revenue recognized from performance obligations related to prior periods (for example, due to changes in transaction price) was insignificant. Revenue expected to be recognized in future periods related to remaining performance obligations is insignificant. The following table summarizes disaggregated revenue from contracts with customers by product group: Twelve Weeks Ended Forty Weeks Ended October 6, 2018 October 7, 2017 October 6, 2018 October 7, 2017 Percentage of Net sales, by product group: Parts and batteries 67 % 67 % 66 % 66 % Accessories and chemicals 19 19 20 19 Engine maintenance 13 13 13 14 Other 1 1 1 1 Total 100 % 100 % 100 % 100 % Recently Issued Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) (“ASU 2016-02”). This ASU is a comprehensive new accounting standard with respect to leases that amends various aspects of existing guidance for leases and requires additional disclosures about leasing arrangements. It will require lessees to recognize lease assets and lease liabilities for most leases, including those leases previously classified as operating leases under current GAAP. ASU 2016-02 retains a distinction between finance leases and operating leases. The classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in previous lease guidance. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those years; earlier adoption is permitted. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements , which provides clarifications and improvements to ASU 2016-02 including allowing entities to elect an additional transition method with which to adopt ASU 2016-02. The approved transition method enables entities to apply the transition requirements in this ASU at the effective date of ASU 2016-02 (rather than at the beginning of the earliest comparative period presented as currently required) with the effect of initially applying ASU 2016-02 recognized as a cumulative-effect adjustment to retained earnings in the period of adoption. Consequently, an entity’s reporting for the comparative periods presented in the year of adoption would continue to be in accordance with ASC 840, Leases (Topic 840) (“ASC 840”), including the disclosure requirements of ASC 840. Using this transition method, we plan to adopt ASU 2016-02 at the beginning of 2019. We are in process of implementing our leasing software solution and are continuing to identify changes to our business processes, systems and controls to support adoption of the new standard in 2019. We are evaluating the impact that the new standard will have on the condensed consolidated financial statements. While we are unable to quantify the impact at this time, we expect the adoption of the new standard to result in a material increase in the assets and liabilities in the condensed consolidated financial statements. We do not expect adoption of ASU 2016-02 to have a material impact on our condensed consolidated statements of operations as the majority of our leases will remain operating in nature. As such, the expense recognition will be similar to previously required straight-line expense treatment. In March 2018, the FASB issued ASU 2018-05, Income Taxes (Topic 740) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 (“SAB 118”). ASU 2018-05 provides guidance on accounting for the tax effects of the U.S. Tax Cuts and Jobs Act (the “Act”) pursuant to the Staff Accounting Bulletin No. 118, which allows companies to complete the accounting under ASC 740, Income Taxes (Topic 740) within a one-year measurement period from the Act enactment date, which occurred in the financial statements for the year ended December 30, 2017. During the third quarter of 2018, and in conjunction with the completion of our 2017 U.S. income tax return, we identified certain adjustments to amounts previously recorded for the remeasurement of the net deferred tax liability and nonrecurring repatriation tax on accumulated earnings of foreign subsidiaries that resulted in a net tax benefit of $5.7 million . Our analysis under SAB 118 is complete. In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718) to expand the scope of ASC 718, Compensation - Stock Compensation (Topic 718) (“ASU 2018-07”), to include share-based payment transactions for acquiring goods and services from nonemployees. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. We elected to early adopt ASU 2018-07 in the second quarter of 2018. The results of applying ASU 2018-07 were insignificant and did not have a material impact on our consolidated financial condition, results of operations, cash flows, business process, controls or systems. In August 2018, the FASB issued ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) , which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The pronouncement is effective for years, and for interim periods within those years, beginning after December 15, 2019, with early adoption permitted. We elected to early adopt ASU 2018-15 in the third quarter of 2018 on a prospective basis. The results of applying ASU 2018-15 were insignificant and did not have a material impact on our consolidated financial condition, results of operations, cash flows, business process, controls or systems.

Inventories

Inventories	9 Months Ended
	Oct. 06, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost or market. We used the last in, first out (“LIFO”) method of accounting for approximately 88% of inventories as of October 6, 2018 and December 30, 2017 . Under the LIFO method, our Cost of sales reflects the costs of the most recently purchased inventories, while the inventory carrying balance represents the costs for inventories purchased in the forty weeks ended October 6, 2018 and prior years. We recorded a reduction to Cost of sales of $22.0 million and of $1.0 million for the twelve weeks ended October 6, 2018 and October 7, 2017 and reductions to Cost of sales of $54.3 million and $6.5 million for the forty weeks ended October 6, 2018 and October 7, 2017 to state inventories at LIFO. An actual valuation of inventory under the LIFO method is performed by us at the end of each fiscal year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on our estimates of expected year-end inventory levels and costs. Inventory balances were as follows: (in thousands) October 6, 2018 December 30, 2017 Inventories at first in, first out (“FIFO”) $ 3,929,650 $ 3,965,370 Adjustments to state inventories at LIFO 257,432 203,122 Inventories at LIFO $ 4,187,082 $ 4,168,492

Exit Activities and Other Initi

Exit Activities and Other Initiatives	9 Months Ended
	Oct. 06, 2018
Restructuring and Related Activities [Abstract]
Exit Activities	Exit Activities and Other Initiatives Store and Supply Chain Rationalization During the fourth quarter of 2017, the Board of Directors approved a plan to close certain underperforming stores and begin to rationalize our supply chain costs as part of our strategy to transform the enterprise. As of October 6, 2018 , total charges related to these actions are expected to total up to $70.0 million , which consist of $35.0 million relating to the early termination of lease obligations, $15.0 million of inventory and supply chain asset impairment charges, $15.0 million of other facility closure costs and $5.0 million of severance. During the twelve weeks ended October 6, 2018 , we incurred $13.9 million of early termination of lease obligations charges, $1.1 million of inventory and supply chain asset impairment charges, $ 5.4 million of facility closure costs and $0.8 million of severance relating to the store and supply chain rationalization. Of these costs, $20.7 million are included in SG&A and $0.5 million are included in Cost of sales in the accompanying condensed consolidated statements of operations. During the forty weeks ended October 6, 2018 , we incurred $18.9 million of early termination of lease obligation charges, $7.9 million of inventory and supply chain asset impairment charges, $7.8 million of facility closure costs and $2.2 million of severance relating to the store and supply chain rationalization. Of these costs, $31.0 million are included in SG&A and $5.8 million are included in Cost of sales in the accompanying condensed consolidated statements of operations. Total Exit Liabilities Our total exit liabilities include liabilities recorded in connection with the initiative described above, along with liabilities associated with facility closures that have occurred as part of our normal market evaluation process. Cash payments on the closed facility lease obligations are expected to be made through 2028 and the remaining severance payments are expected to be made in 2019. Of our total exit liabilities as of October 6, 2018 and December 30, 2017 , $25.7 million and $19.8 million is included in Other long-term liabilities and the remainder is included in Accrued expenses in the accompanying condensed consolidated balance sheet. A summary of our exit liabilities is presented in the following table: (in thousands) Closed Facility Lease Obligations Severance Total Balance, December 30, 2017 $ 31,570 $ 1,645 $ 33,215 Reserves established 20,365 5,018 25,383 Change in estimates 95 (251 ) (156 ) Cash payments (11,933 ) (3,149 ) (15,082 ) Balance, October 6, 2018 $ 40,097 $ 3,263 $ 43,360 Balance, December 31, 2016 $ 44,265 $ 959 $ 45,224 Reserves established 7,940 7,927 15,867 Change in estimates (1,116 ) (699 ) (1,815 ) Cash payments (19,519 ) (6,542 ) (26,061 ) Balance, December 30, 2017 $ 31,570 $ 1,645 $ 33,215

Intangible Assets

Intangible Assets	9 Months Ended
	Oct. 06, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Our definite-lived intangible assets include customer relationships, favorable leases and non-compete agreements. Amortization expense was $9.4 million and $10.7 million for the twelve weeks ended October 6, 2018 and October 7, 2017 and $31.3 million and $36.3 million for the forty weeks ended October 6, 2018 and October 7, 2017 .

Receivables, net

Receivables, net	9 Months Ended
	Oct. 06, 2018
Receivables [Abstract]
Receivables, net	Receivables, net Receivables consist of the following: (in thousands) October 6, 2018 December 30, 2017 Trade $ 470,246 $ 389,963 Vendor 230,422 220,510 Other 16,642 14,103 Total receivables 717,310 624,576 Less: allowance for doubtful accounts (18,693 ) (18,219 ) Receivables, net $ 698,617 $ 606,357

Long-term Debt and Fair Value o

Long-term Debt and Fair Value of Financial Instruments	9 Months Ended
	Oct. 06, 2018
Debt Disclosure [Abstract]
Long-term Debt and Fair Value of Financial Instruments	Long-term Debt and Fair Value of Financial Instruments Long-term debt consists of the following: (in thousands) October 6, 2018 December 30, 2017 Total long-term debt $ 1,045,609 $ 1,044,677 Less: current portion of long-term debt (211 ) (350 ) Long-term debt, excluding current portion $ 1,045,398 $ 1,044,327 Fair value of long-term debt $ 1,071,000 $ 1,109,000 Fair Value of Financial Assets and Liabilities The fair value of our senior unsecured notes was determined using Level 2 inputs based on quoted market prices. We believe the carrying value of our other long-term debt approximates fair value. The carrying amounts of our cash and cash equivalents, receivables, accounts payable and accrued expenses approximate their fair values due to the relatively short-term nature of these instruments. Bank Debt As of October 6, 2018 and December 30, 2017 we had no outstanding borrowings under the revolver and borrowing availability was $896.0 million and $517.6 million based on our leverage ratio. As of October 6, 2018 and December 30, 2017 , we had letters of credit outstanding of $104.0 million and $111.7 million , which generally have a term of one year or less and primarily serve as collateral for our self-insurance policies. We were in compliance with all financial covenants required by our debt arrangements as of October 6, 2018 . Debt Guarantees We are a guarantor of loans made by banks to various independently owned Carquest-branded stores that are our customers totaling $23.7 million and $24.8 million as of October 6, 2018 and December 30, 2017 . These loans are collateralized by security agreements on merchandise inventory and other assets of the borrowers. The approximate value of the inventory collateralized by these agreements is $55.8 million and $62.8 million as of October 6, 2018 and December 30, 2017 . We believe that the likelihood of performance under these guarantees is remote.

Warranty Liabilities

Warranty Liabilities	9 Months Ended
	Oct. 06, 2018
Product Warranties Disclosures [Abstract]
Warranty Liabilities	Warranty Liabilities The following table presents changes in our warranty reserves: Forty Weeks Ended Fifty-Two Weeks Ended (in thousands) October 6, 2018 December 30, 2017 Warranty reserve, beginning of period $ 49,024 $ 47,243 Additions to warranty reserves 32,274 50,895 Reserves utilized (35,573 ) (49,114 ) Warranty reserve, end of period $ 45,725 $ 49,024

Share Repurchase Program

Share Repurchase Program	9 Months Ended
	Oct. 06, 2018
Stock Repurchases: [Abstract]
Treasury Stock	Share Repurchase Program Our share repurchase program permits the repurchase of our common stock on the open market or in privately negotiated transactions from time to time. On August 8, 2018, our Board of Directors authorized a $600.0 million share repurchase program. This new authorization replaced the previous $500.0 million share repurchase program that was authorized by our Board of Directors on May 14, 2012. During the twelve and forty weeks ended October 6, 2018 , we repurchased 720 thousand shares of our common stock at an aggregate cost of $119.9 million , or an average price of $166.57 per share, in connection with our s hare repurchase program. We had $480.1 million remaining under our share repurchase program as of October 6, 2018 . During the twelve and forty weeks ended October 7, 2017 , we repurchased no shares of our common stock in connection with our prior share repurchase program.

Earnings per Share

Earnings per Share	9 Months Ended
	Oct. 06, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share The computation of basic and diluted earnings per share are as follows: Twelve Weeks Ended Forty Weeks Ended (in thousands, except per share data) October 6, 2018 October 7, 2017 October 6, 2018 October 7, 2017 Numerator Net income applicable to common shares $ 115,843 $ 95,996 $ 370,405 $ 291,005 Denominator Basic weighted average common shares 73,888 73,866 73,974 73,827 Dilutive impact of share-based awards 302 240 238 270 Diluted weighted average common shares 74,190 74,106 74,212 74,097 Basic earnings per common share $ 1.57 $ 1.30 $ 5.01 $ 3.94 Diluted earnings per common share $ 1.56 $ 1.30 $ 4.99 $ 3.93

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 06, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation During the forty weeks ended October 6, 2018 , we granted 230 thousand time-based restricted stock units (“RSUs”), 72 thousand performance-based RSUs and 38 thousand market-based RSUs. The general terms of the time-based, performance-based and market-based RSUs are similar to awards previously granted by us. The weighted average fair values of the time-based, performance-based and market-based RSUs granted during the forty weeks ended October 6, 2018 were $126.32 , $117.84 and $131.96 per share. For time-based and performance-based RSUs, the fair value of each award was determined based on the market price of our stock on the date of grant adjusted for expected dividends during the vesting period, as applicable. The fair value of each market-based RSU was determined using a Monte Carlo simulation model. Total income tax benefit related to share-based compensation expense for the twelve and forty weeks ended October 6, 2018 was $1.7 million and $4.7 million . Total income tax benefit related to share-based compensation expense for the twelve and forty weeks ended October 7, 2017 was $3.1 million and $10.5 million . As of October 6, 2018 , there was $52.5 million of unrecognized compensation expense related to all share-based awards that is expected to be recognized over a weighted average period of 1.7 years .

Condensed Consolidating Financi

Condensed Consolidating Financial Statements	9 Months Ended
	Oct. 06, 2018
Condensed Consolidating Financial Statements [Abstract]
Condensed Consolidating Financial Statements	Condensed Consolidating Financial Statements Certain 100% wholly owned domestic subsidiaries of Advance, including our Material Subsidiaries (as defined in the 2017 Credit Agreement) serve as guarantors (“Guarantor Subsidiaries”) of our senior unsecured notes. The subsidiary guarantees related to our senior unsecured notes are full and unconditional and joint and several, and there are no restrictions on the ability of Advance to obtain funds from its Guarantor Subsidiaries. Certain of our wholly owned subsidiaries, including all of its foreign subsidiaries, do not serve as guarantors of our senior unsecured notes (“Non-Guarantor Subsidiaries”). Set forth below are condensed consolidating financial statements presenting the financial position, results of operations, and cash flows of (i) Advance, (ii) the Guarantor Subsidiaries, (iii) the Non-Guarantor Subsidiaries, and (iv) the eliminations necessary to arrive at consolidated information for Advance. Investments in subsidiaries of Advance are presented under the equity method. The statement of operations eliminations relate primarily to the sale of inventory from a Non-Guarantor Subsidiary to a Guarantor Subsidiary. The balance sheet eliminations relate primarily to the elimination of intercompany receivables and payables and subsidiary investment accounts. Condensed Consolidating Balance Sheet As of October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 886,608 $ 83,398 $ — $ 970,006 Receivables, net — 654,001 44,616 — 698,617 Inventories — 4,018,991 168,091 — 4,187,082 Other current assets 24,809 163,333 3,732 (23,296 ) 168,578 Total current assets 24,809 5,722,933 299,837 (23,296 ) 6,024,283 Property and equipment, net of accumulated depreciation 83 1,326,422 9,264 — 1,335,769 Goodwill — 943,358 49,406 — 992,764 Intangible assets, net — 519,989 42,709 — 562,698 Other assets, net 2,384 56,223 616 (2,384 ) 56,839 Investment in subsidiaries 3,898,615 481,256 — (4,379,871 ) — Intercompany note receivable 1,048,924 — — (1,048,924 ) — Due from intercompany, net — — 312,726 (312,726 ) — $ 4,974,815 $ 9,050,181 $ 714,558 $ (5,767,201 ) $ 8,972,353 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ — $ 2,823,263 $ 200,397 $ — $ 3,023,660 Accrued expenses — 654,607 17,506 (23,296 ) 648,817 Other current liabilities — 50,887 (2,132 ) — 48,755 Total current liabilities — 3,528,757 215,771 (23,296 ) 3,721,232 Long-term debt 1,045,398 — — — 1,045,398 Deferred income taxes — 306,327 16,217 (2,384 ) 320,160 Other long-term liabilities — 224,613 1,314 — 225,927 Intercompany note payable — 1,048,924 — (1,048,924 ) — Due to intercompany, net 269,781 42,945 — (312,726 ) — Commitments and contingencies Stockholders' equity 3,659,636 3,898,615 481,256 (4,379,871 ) 3,659,636 $ 4,974,815 $ 9,050,181 $ 714,558 $ (5,767,201 ) $ 8,972,353 Condensed Consolidating Balance Sheet As of December 30, 2017 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 23 $ 482,620 $ 64,317 $ (23 ) $ 546,937 Receivables, net — 567,460 38,897 — 606,357 Inventories — 3,986,724 181,768 — 4,168,492 Other current assets — 103,118 2,063 (75 ) 105,106 Total current assets 23 5,139,922 287,045 (98 ) 5,426,892 Property and equipment, net of accumulated depreciation 103 1,384,115 9,920 — 1,394,138 Goodwill — 943,359 50,934 — 994,293 Intangible assets, net — 551,781 45,893 — 597,674 Other assets, net 3,224 68,749 554 (3,223 ) 69,304 Investment in subsidiaries 3,521,330 448,462 — (3,969,792 ) — Intercompany note receivable 1,048,700 — — (1,048,700 ) — Due from intercompany, net — — 332,467 (332,467 ) — $ 4,573,380 $ 8,536,388 $ 726,813 $ (5,354,280 ) $ 8,482,301 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ — $ 2,657,792 $ 236,790 $ — $ 2,894,582 Accrued expenses 1,134 511,841 20,648 (75 ) 533,548 Other current liabilities — 50,963 1,027 (23 ) 51,967 Total current liabilities 1,134 3,220,596 258,465 (98 ) 3,480,097 Long-term debt 1,044,327 — — — 1,044,327 Deferred income taxes — 288,999 17,844 (3,223 ) 303,620 Other long-term liabilities — 237,019 2,042 — 239,061 Intercompany note payable — 1,048,700 — (1,048,700 ) — Due to intercompany, net 112,723 219,744 — (332,467 ) — Commitments and contingencies Stockholders' equity 3,415,196 3,521,330 448,462 (3,969,792 ) 3,415,196 $ 4,573,380 $ 8,536,388 $ 726,813 $ (5,354,280 ) $ 8,482,301 Condensed Consolidating Statement of Operations For the Twelve Weeks ended October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 2,190,822 $ 115,675 $ (31,515 ) $ 2,274,982 Cost of sales, including purchasing and warehousing costs — 1,220,367 79,203 (31,515 ) 1,268,055 Gross profit — 970,455 36,472 — 1,006,927 Selling, general and administrative expenses 4,631 837,047 22,812 (11,804 ) 852,686 Operating (loss) income (4,631 ) 133,408 13,660 11,804 154,241 Other, net: Interest expense (12,059 ) (1,018 ) 1 — (13,076 ) Other income (expense), net 16,759 (564 ) 1,364 (11,804 ) 5,755 Total other, net 4,700 (1,582 ) 1,365 (11,804 ) (7,321 ) Income before provision for income taxes 69 131,826 15,025 — 146,920 Provision for income taxes 229 27,624 3,224 — 31,077 (Loss) income before equity in earnings of subsidiaries (160 ) 104,202 11,801 — 115,843 Equity in earnings of subsidiaries 116,003 11,801 — (127,804 ) — Net income $ 115,843 $ 116,003 $ 11,801 $ (127,804 ) $ 115,843 Condensed Consolidating Statement of Operations For the Twelve Weeks ended October 7, 2017 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 2,098,475 $ 122,495 $ (38,737 ) $ 2,182,233 Cost of sales, including purchasing and warehousing costs — 1,185,654 87,608 (38,737 ) 1,234,525 Gross profit — 912,821 34,887 — 947,708 Selling, general and administrative expenses 5,806 777,201 19,751 (11,619 ) 791,139 Operating (loss) income (5,806 ) 135,620 15,136 11,619 156,569 Other, net: Interest (expense) income (11,874 ) (1,401 ) (39 ) — (13,314 ) Other income (expense), net 17,832 (4,665 ) (803 ) (11,619 ) 745 Total other, net 5,958 (6,066 ) (842 ) (11,619 ) (12,569 ) Income before provision for income taxes 152 129,554 14,294 — 144,000 (Benefit) provision for income taxes (136 ) 45,626 2,514 — 48,004 Income before equity in earnings of subsidiaries 288 83,928 11,780 — 95,996 Equity in earnings of subsidiaries 95,708 11,781 — (107,489 ) — Net income $ 95,996 $ 95,709 $ 11,780 $ (107,489 ) $ 95,996 Condensed Consolidating Statement of Operations For the Forty Weeks Ended October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 7,197,953 $ 405,864 $ (128,335 ) $ 7,475,482 Cost of sales, including purchasing and warehousing costs — 4,035,319 277,729 (128,335 ) 4,184,713 Gross profit — 3,162,634 128,135 — 3,290,769 Selling, general and administrative expenses 14,290 2,719,172 76,634 (39,349 ) 2,770,747 Operating (loss) income (14,290 ) 443,462 51,501 39,349 520,022 Other, net: Interest expense (40,194 ) (3,419 ) — — (43,613 ) Other income (expense), net 55,007 (4,766 ) (1,894 ) (39,349 ) 8,998 Total other, net 14,813 (8,185 ) (1,894 ) (39,349 ) (34,615 ) Income before provision for income taxes 523 435,277 49,607 — 485,407 Provision for income taxes 1,287 103,589 10,126 — 115,002 (Loss) income before equity in earnings of subsidiaries (764 ) 331,688 39,481 — 370,405 Equity in earnings of subsidiaries 371,169 39,481 — (410,650 ) — Net income $ 370,405 $ 371,169 $ 39,481 $ (410,650 ) $ 370,405 Condensed Consolidating Statement of Operations For the Forty Weeks Ended October 7, 2017 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 7,075,603 $ 432,790 $ (171,595 ) $ 7,336,798 Cost of sales, including purchasing and warehousing costs — 3,987,575 309,338 (171,595 ) 4,125,318 Gross profit — 3,088,028 123,452 — 3,211,480 Selling, general and administrative expenses 25,973 2,678,822 63,017 (39,392 ) 2,728,420 Operating (loss) income (25,973 ) 409,206 60,435 39,392 483,060 Other, net: Interest (expense) income (40,240 ) (5,424 ) (1 ) — (45,665 ) Other income (expense), net 67,183 (17,430 ) (1,634 ) (39,392 ) 8,727 Total other, net 26,943 (22,854 ) (1,635 ) (39,392 ) (36,938 ) Income before provision for income taxes 970 386,352 58,800 — 446,122 (Benefit) provision for income taxes (1,752 ) 145,923 10,946 — 155,117 Income before equity in earnings of subsidiaries 2,722 240,429 47,854 — 291,005 Equity in earnings of subsidiaries 288,283 47,855 — (336,138 ) — Net income $ 291,005 $ 288,284 $ 47,854 $ (336,138 ) $ 291,005 Condensed Consolidating Statement of Comprehensive Income For the Twelve Weeks ended October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income $ 115,843 $ 116,003 $ 11,801 $ (127,804 ) $ 115,843 Other comprehensive income 3,831 3,831 3,900 (7,731 ) 3,831 Comprehensive income $ 119,674 $ 119,834 $ 15,701 $ (135,535 ) $ 119,674 Condensed Consolidating Statement of Comprehensive Income For the Twelve Weeks ended October 7, 2017 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income $ 95,996 $ 95,709 $ 11,780 $ (107,489 ) $ 95,996 Other comprehensive income 2,162 2,162 2,225 (4,387 ) 2,162 Comprehensive income $ 98,158 $ 97,871 $ 14,005 $ (111,876 ) $ 98,158 Condensed Consolidating Statement of Comprehensive Income For the Forty Weeks Ended October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income $ 370,405 $ 371,169 $ 39,481 $ (410,650 ) $ 370,405 Other comprehensive loss (7,129 ) (7,129 ) (6,902 ) 14,031 (7,129 ) Comprehensive income $ 363,276 $ 364,040 $ 32,579 $ (396,619 ) $ 363,276 Condensed Consolidating Statement of Comprehensive Income For the Forty Weeks Ended October 7, 2017 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income $ 291,005 $ 288,284 $ 47,854 $ (336,138 ) $ 291,005 Other comprehensive income 15,198 15,198 15,409 (30,607 ) 15,198 Comprehensive income $ 306,203 $ 303,482 $ 63,263 $ (366,745 ) $ 306,203 Condensed Consolidating Statement of Cash Flows For the Forty Weeks Ended October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ — $ 656,847 $ 24,656 $ — $ 681,503 Cash flows from investing activities: Purchases of property and equipment — (104,065 ) (1,067 ) — (105,132 ) Proceeds from sales of property and equipment — 1,406 44 — 1,450 Net cash used in investing activities — (102,659 ) (1,023 ) — (103,682 ) Cash flows from financing activities: Decrease in bank overdrafts — (8,513 ) (3,460 ) — (11,973 ) Dividends paid — (17,819 ) — — (17,819 ) Proceeds from the issuance of common stock — 2,290 — — 2,290 Tax withholdings related to the exercise of stock appreciation rights — (490 ) — — (490 ) Repurchase of common stock — (126,482 ) — — (126,482 ) Other, net (23 ) 814 — 23 814 Net cash used in financing activities (23 ) (150,200 ) (3,460 ) 23 (153,660 ) Effect of exchange rate changes on cash — — (1,092 ) — (1,092 ) Net (decrease) increase in cash and cash equivalents (23 ) 403,988 19,081 23 423,069 Cash and cash equivalents , beginning of period 23 482,620 64,317 (23 ) 546,937 Cash and cash equivalents , end of period $ — $ 886,608 $ 83,398 $ — $ 970,006 Condensed Consolidating Statement of Cash Flows For the Forty Weeks Ended October 7, 2017 (In thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ — $ 406,032 $ (5,027 ) $ — $ 401,005 Cash flows from investing activities: Purchases of property and equipment — (159,769 ) (1,191 ) — (160,960 ) Proceeds from sales of property and equipment — 6,108 12 — 6,120 Other, net — 480 (460 ) — 20 Net cash used in investing activities — (153,181 ) (1,639 ) — (154,820 ) Cash flows from financing activities: Increase in bank overdrafts — 7,374 (2,698 ) — 4,676 Borrowings under credit facilities — 534,400 — — 534,400 Payments on credit facilities — (534,400 ) — — (534,400 ) Dividends paid — (17,828 ) — — (17,828 ) Proceeds from the issuance of common stock — 3,142 — — 3,142 Tax withholdings related to the exercise of stock appreciation rights — (6,414 ) — — (6,414 ) Repurchase of common stock — (3,380 ) — — (3,380 ) Other, net 1 (2,095 ) — (1 ) (2,095 ) Net cash provided by (used in) financing activities 1 (19,201 ) (2,698 ) (1 ) (21,899 ) Effect of exchange rate changes on cash — — 3,838 (1 ) 3,838 Net increase (decrease) in cash and cash equivalents 1 233,650 (5,526 ) (1 ) 228,124 Cash and cash equivalents , beginning of period 22 78,543 56,635 (22 ) 135,178 Cash and cash equivalents , end of period $ 23 $ 312,193 $ 51,109 $ (23 ) $ 363,302

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 06, 2018
Accounting Policies [Abstract]
Revenues	Revenues Revenue for periods through December 30, 2017 was reported under Accounting Standards Codification (“ASC”) 605, Revenue Recognition (Topic 605) , as described in our accounting policies in our 2017 Form 10-K. Effective December 31, 2017, we adopted ASC 606, Revenue From Contracts With Customers (Topic 606) (“ASC 606”). The results of applying Topic 606 using the modified retrospective approach were insignificant and did not have a material impact on our consolidated financial condition, results of operations, cash flows, business process, controls or systems. ASC 606 defines a performance obligation as a promise in a contract to transfer a distinct good or service to the customer and is considered the unit of account. The majority of our contracts have one single performance obligation as the promise to transfer the individual goods is not separately identifiable from other promises in the contracts and is, therefore, not distinct. Discounts and incentives are treated as separate performance obligations. We allocate the contract’s transaction price to each of these performance obligations separately using explicitly stated amounts or our best estimate using historical data. Additionally, we estimate and record gift card breakage as redemptions occur. In accordance with ASC 606 revenue is recognized at the time the sale is made, at which time our walk-in customers take immediate possession of the merchandise or same-day delivery is made to our Professional delivery customers, which include certain independently-owned store locations. Payment terms are established for our Professional delivery customers based on pre-established credit requirements. Payment terms vary depending on the customer and generally range from 1 to 30 days. Based on the nature of receivables, no significant financing components exist. For e-commerce sales, revenue is recognized either at the time of pick-up at one of our store locations or at the time of shipment depending on the customer's order designation. Sales are recorded net of discounts, sales incentives and rebates, sales taxes and estimated returns and allowances. We estimate the reduction to Net sales and Cost of sales for returns based on current sales levels and our historical return experience. We provide assurance type warranty coverage primarily on batteries, brakes and struts whereby we are required to provide replacement product at no cost or a reduced cost for a set period of time. We had no material contract assets, contract liabilities or costs to obtain and fulfill contracts recorded on the Condensed Consolidated Balance Sheet as of October 6, 2018 . For the twelve and forty weeks ended October 6, 2018 , revenue recognized from performance obligations related to prior periods (for example, due to changes in transaction price) was insignificant. Revenue expected to be recognized in future periods related to remaining performance obligations is insignificant.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) (“ASU 2016-02”). This ASU is a comprehensive new accounting standard with respect to leases that amends various aspects of existing guidance for leases and requires additional disclosures about leasing arrangements. It will require lessees to recognize lease assets and lease liabilities for most leases, including those leases previously classified as operating leases under current GAAP. ASU 2016-02 retains a distinction between finance leases and operating leases. The classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in previous lease guidance. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those years; earlier adoption is permitted. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements , which provides clarifications and improvements to ASU 2016-02 including allowing entities to elect an additional transition method with which to adopt ASU 2016-02. The approved transition method enables entities to apply the transition requirements in this ASU at the effective date of ASU 2016-02 (rather than at the beginning of the earliest comparative period presented as currently required) with the effect of initially applying ASU 2016-02 recognized as a cumulative-effect adjustment to retained earnings in the period of adoption. Consequently, an entity’s reporting for the comparative periods presented in the year of adoption would continue to be in accordance with ASC 840, Leases (Topic 840) (“ASC 840”), including the disclosure requirements of ASC 840. Using this transition method, we plan to adopt ASU 2016-02 at the beginning of 2019. We are in process of implementing our leasing software solution and are continuing to identify changes to our business processes, systems and controls to support adoption of the new standard in 2019. We are evaluating the impact that the new standard will have on the condensed consolidated financial statements. While we are unable to quantify the impact at this time, we expect the adoption of the new standard to result in a material increase in the assets and liabilities in the condensed consolidated financial statements. We do not expect adoption of ASU 2016-02 to have a material impact on our condensed consolidated statements of operations as the majority of our leases will remain operating in nature. As such, the expense recognition will be similar to previously required straight-line expense treatment. In March 2018, the FASB issued ASU 2018-05, Income Taxes (Topic 740) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 (“SAB 118”). ASU 2018-05 provides guidance on accounting for the tax effects of the U.S. Tax Cuts and Jobs Act (the “Act”) pursuant to the Staff Accounting Bulletin No. 118, which allows companies to complete the accounting under ASC 740, Income Taxes (Topic 740) within a one-year measurement period from the Act enactment date, which occurred in the financial statements for the year ended December 30, 2017. During the third quarter of 2018, and in conjunction with the completion of our 2017 U.S. income tax return, we identified certain adjustments to amounts previously recorded for the remeasurement of the net deferred tax liability and nonrecurring repatriation tax on accumulated earnings of foreign subsidiaries that resulted in a net tax benefit of $5.7 million . Our analysis under SAB 118 is complete. In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718) to expand the scope of ASC 718, Compensation - Stock Compensation (Topic 718) (“ASU 2018-07”), to include share-based payment transactions for acquiring goods and services from nonemployees. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. We elected to early adopt ASU 2018-07 in the second quarter of 2018. The results of applying ASU 2018-07 were insignificant and did not have a material impact on our consolidated financial condition, results of operations, cash flows, business process, controls or systems. In August 2018, the FASB issued ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) , which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The pronouncement is effective for years, and for interim periods within those years, beginning after December 15, 2019, with early adoption permitted. We elected to early adopt ASU 2018-15 in the third quarter of 2018 on a prospective basis. The results of applying ASU 2018-15 were insignificant and did not have a material impact on our consolidated financial condition, results of operations, cash flows, business process, controls or systems.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	9 Months Ended
	Oct. 06, 2018
Accounting Policies [Abstract]
Revenue from External Customers by Products and Services	The following table summarizes disaggregated revenue from contracts with customers by product group: Twelve Weeks Ended Forty Weeks Ended October 6, 2018 October 7, 2017 October 6, 2018 October 7, 2017 Percentage of Net sales, by product group: Parts and batteries 67 % 67 % 66 % 66 % Accessories and chemicals 19 19 20 19 Engine maintenance 13 13 13 14 Other 1 1 1 1 Total 100 % 100 % 100 % 100 %

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 06, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventory balances were as follows: (in thousands) October 6, 2018 December 30, 2017 Inventories at first in, first out (“FIFO”) $ 3,929,650 $ 3,965,370 Adjustments to state inventories at LIFO 257,432 203,122 Inventories at LIFO $ 4,187,082 $ 4,168,492

Exit Activities and Other Ini_2

Exit Activities and Other Initiatives (Tables)	9 Months Ended
	Oct. 06, 2018
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	A summary of our exit liabilities is presented in the following table: (in thousands) Closed Facility Lease Obligations Severance Total Balance, December 30, 2017 $ 31,570 $ 1,645 $ 33,215 Reserves established 20,365 5,018 25,383 Change in estimates 95 (251 ) (156 ) Cash payments (11,933 ) (3,149 ) (15,082 ) Balance, October 6, 2018 $ 40,097 $ 3,263 $ 43,360 Balance, December 31, 2016 $ 44,265 $ 959 $ 45,224 Reserves established 7,940 7,927 15,867 Change in estimates (1,116 ) (699 ) (1,815 ) Cash payments (19,519 ) (6,542 ) (26,061 ) Balance, December 30, 2017 $ 31,570 $ 1,645 $ 33,215

Receivables, net (Tables)

Receivables, net (Tables)	9 Months Ended
	Oct. 06, 2018
Receivables [Abstract]
Schedule of Accounts Receivable	Receivables consist of the following: (in thousands) October 6, 2018 December 30, 2017 Trade $ 470,246 $ 389,963 Vendor 230,422 220,510 Other 16,642 14,103 Total receivables 717,310 624,576 Less: allowance for doubtful accounts (18,693 ) (18,219 ) Receivables, net $ 698,617 $ 606,357

Long-term Debt and Fair Value_2

Long-term Debt and Fair Value of Financial Instruments (Tables)	9 Months Ended
	Oct. 06, 2018
Debt Disclosure [Abstract]
Schedule of Debt	Long-term debt consists of the following: (in thousands) October 6, 2018 December 30, 2017 Total long-term debt $ 1,045,609 $ 1,044,677 Less: current portion of long-term debt (211 ) (350 ) Long-term debt, excluding current portion $ 1,045,398 $ 1,044,327 Fair value of long-term debt $ 1,071,000 $ 1,109,000

Warranty Liabilities (Tables)

Warranty Liabilities (Tables)	9 Months Ended
	Oct. 06, 2018
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability	The following table presents changes in our warranty reserves: Forty Weeks Ended Fifty-Two Weeks Ended (in thousands) October 6, 2018 December 30, 2017 Warranty reserve, beginning of period $ 49,024 $ 47,243 Additions to warranty reserves 32,274 50,895 Reserves utilized (35,573 ) (49,114 ) Warranty reserve, end of period $ 45,725 $ 49,024

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Oct. 06, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The computation of basic and diluted earnings per share are as follows: Twelve Weeks Ended Forty Weeks Ended (in thousands, except per share data) October 6, 2018 October 7, 2017 October 6, 2018 October 7, 2017 Numerator Net income applicable to common shares $ 115,843 $ 95,996 $ 370,405 $ 291,005 Denominator Basic weighted average common shares 73,888 73,866 73,974 73,827 Dilutive impact of share-based awards 302 240 238 270 Diluted weighted average common shares 74,190 74,106 74,212 74,097 Basic earnings per common share $ 1.57 $ 1.30 $ 5.01 $ 3.94 Diluted earnings per common share $ 1.56 $ 1.30 $ 4.99 $ 3.93

Condensed Consolidating Finan_2

Condensed Consolidating Financial Statements (Tables)	9 Months Ended
	Oct. 06, 2018
Condensed Consolidating Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 886,608 $ 83,398 $ — $ 970,006 Receivables, net — 654,001 44,616 — 698,617 Inventories — 4,018,991 168,091 — 4,187,082 Other current assets 24,809 163,333 3,732 (23,296 ) 168,578 Total current assets 24,809 5,722,933 299,837 (23,296 ) 6,024,283 Property and equipment, net of accumulated depreciation 83 1,326,422 9,264 — 1,335,769 Goodwill — 943,358 49,406 — 992,764 Intangible assets, net — 519,989 42,709 — 562,698 Other assets, net 2,384 56,223 616 (2,384 ) 56,839 Investment in subsidiaries 3,898,615 481,256 — (4,379,871 ) — Intercompany note receivable 1,048,924 — — (1,048,924 ) — Due from intercompany, net — — 312,726 (312,726 ) — $ 4,974,815 $ 9,050,181 $ 714,558 $ (5,767,201 ) $ 8,972,353 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ — $ 2,823,263 $ 200,397 $ — $ 3,023,660 Accrued expenses — 654,607 17,506 (23,296 ) 648,817 Other current liabilities — 50,887 (2,132 ) — 48,755 Total current liabilities — 3,528,757 215,771 (23,296 ) 3,721,232 Long-term debt 1,045,398 — — — 1,045,398 Deferred income taxes — 306,327 16,217 (2,384 ) 320,160 Other long-term liabilities — 224,613 1,314 — 225,927 Intercompany note payable — 1,048,924 — (1,048,924 ) — Due to intercompany, net 269,781 42,945 — (312,726 ) — Commitments and contingencies Stockholders' equity 3,659,636 3,898,615 481,256 (4,379,871 ) 3,659,636 $ 4,974,815 $ 9,050,181 $ 714,558 $ (5,767,201 ) $ 8,972,353 Condensed Consolidating Balance Sheet As of December 30, 2017 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 23 $ 482,620 $ 64,317 $ (23 ) $ 546,937 Receivables, net — 567,460 38,897 — 606,357 Inventories — 3,986,724 181,768 — 4,168,492 Other current assets — 103,118 2,063 (75 ) 105,106 Total current assets 23 5,139,922 287,045 (98 ) 5,426,892 Property and equipment, net of accumulated depreciation 103 1,384,115 9,920 — 1,394,138 Goodwill — 943,359 50,934 — 994,293 Intangible assets, net — 551,781 45,893 — 597,674 Other assets, net 3,224 68,749 554 (3,223 ) 69,304 Investment in subsidiaries 3,521,330 448,462 — (3,969,792 ) — Intercompany note receivable 1,048,700 — — (1,048,700 ) — Due from intercompany, net — — 332,467 (332,467 ) — $ 4,573,380 $ 8,536,388 $ 726,813 $ (5,354,280 ) $ 8,482,301 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ — $ 2,657,792 $ 236,790 $ — $ 2,894,582 Accrued expenses 1,134 511,841 20,648 (75 ) 533,548 Other current liabilities — 50,963 1,027 (23 ) 51,967 Total current liabilities 1,134 3,220,596 258,465 (98 ) 3,480,097 Long-term debt 1,044,327 — — — 1,044,327 Deferred income taxes — 288,999 17,844 (3,223 ) 303,620 Other long-term liabilities — 237,019 2,042 — 239,061 Intercompany note payable — 1,048,700 — (1,048,700 ) — Due to intercompany, net 112,723 219,744 — (332,467 ) — Commitments and contingencies Stockholders' equity 3,415,196 3,521,330 448,462 (3,969,792 ) 3,415,196 $ 4,573,380 $ 8,536,388 $ 726,813 $ (5,354,280 ) $ 8,482,301
Condensed Consolidating Statement of Operations	Condensed Consolidating Statement of Operations For the Twelve Weeks ended October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 2,190,822 $ 115,675 $ (31,515 ) $ 2,274,982 Cost of sales, including purchasing and warehousing costs — 1,220,367 79,203 (31,515 ) 1,268,055 Gross profit — 970,455 36,472 — 1,006,927 Selling, general and administrative expenses 4,631 837,047 22,812 (11,804 ) 852,686 Operating (loss) income (4,631 ) 133,408 13,660 11,804 154,241 Other, net: Interest expense (12,059 ) (1,018 ) 1 — (13,076 ) Other income (expense), net 16,759 (564 ) 1,364 (11,804 ) 5,755 Total other, net 4,700 (1,582 ) 1,365 (11,804 ) (7,321 ) Income before provision for income taxes 69 131,826 15,025 — 146,920 Provision for income taxes 229 27,624 3,224 — 31,077 (Loss) income before equity in earnings of subsidiaries (160 ) 104,202 11,801 — 115,843 Equity in earnings of subsidiaries 116,003 11,801 — (127,804 ) — Net income $ 115,843 $ 116,003 $ 11,801 $ (127,804 ) $ 115,843 Condensed Consolidating Statement of Operations For the Twelve Weeks ended October 7, 2017 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 2,098,475 $ 122,495 $ (38,737 ) $ 2,182,233 Cost of sales, including purchasing and warehousing costs — 1,185,654 87,608 (38,737 ) 1,234,525 Gross profit — 912,821 34,887 — 947,708 Selling, general and administrative expenses 5,806 777,201 19,751 (11,619 ) 791,139 Operating (loss) income (5,806 ) 135,620 15,136 11,619 156,569 Other, net: Interest (expense) income (11,874 ) (1,401 ) (39 ) — (13,314 ) Other income (expense), net 17,832 (4,665 ) (803 ) (11,619 ) 745 Total other, net 5,958 (6,066 ) (842 ) (11,619 ) (12,569 ) Income before provision for income taxes 152 129,554 14,294 — 144,000 (Benefit) provision for income taxes (136 ) 45,626 2,514 — 48,004 Income before equity in earnings of subsidiaries 288 83,928 11,780 — 95,996 Equity in earnings of subsidiaries 95,708 11,781 — (107,489 ) — Net income $ 95,996 $ 95,709 $ 11,780 $ (107,489 ) $ 95,996 Condensed Consolidating Statement of Operations For the Forty Weeks Ended October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 7,197,953 $ 405,864 $ (128,335 ) $ 7,475,482 Cost of sales, including purchasing and warehousing costs — 4,035,319 277,729 (128,335 ) 4,184,713 Gross profit — 3,162,634 128,135 — 3,290,769 Selling, general and administrative expenses 14,290 2,719,172 76,634 (39,349 ) 2,770,747 Operating (loss) income (14,290 ) 443,462 51,501 39,349 520,022 Other, net: Interest expense (40,194 ) (3,419 ) — — (43,613 ) Other income (expense), net 55,007 (4,766 ) (1,894 ) (39,349 ) 8,998 Total other, net 14,813 (8,185 ) (1,894 ) (39,349 ) (34,615 ) Income before provision for income taxes 523 435,277 49,607 — 485,407 Provision for income taxes 1,287 103,589 10,126 — 115,002 (Loss) income before equity in earnings of subsidiaries (764 ) 331,688 39,481 — 370,405 Equity in earnings of subsidiaries 371,169 39,481 — (410,650 ) — Net income $ 370,405 $ 371,169 $ 39,481 $ (410,650 ) $ 370,405 Condensed Consolidating Statement of Operations For the Forty Weeks Ended October 7, 2017 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 7,075,603 $ 432,790 $ (171,595 ) $ 7,336,798 Cost of sales, including purchasing and warehousing costs — 3,987,575 309,338 (171,595 ) 4,125,318 Gross profit — 3,088,028 123,452 — 3,211,480 Selling, general and administrative expenses 25,973 2,678,822 63,017 (39,392 ) 2,728,420 Operating (loss) income (25,973 ) 409,206 60,435 39,392 483,060 Other, net: Interest (expense) income (40,240 ) (5,424 ) (1 ) — (45,665 ) Other income (expense), net 67,183 (17,430 ) (1,634 ) (39,392 ) 8,727 Total other, net 26,943 (22,854 ) (1,635 ) (39,392 ) (36,938 ) Income before provision for income taxes 970 386,352 58,800 — 446,122 (Benefit) provision for income taxes (1,752 ) 145,923 10,946 — 155,117 Income before equity in earnings of subsidiaries 2,722 240,429 47,854 — 291,005 Equity in earnings of subsidiaries 288,283 47,855 — (336,138 ) — Net income $ 291,005 $ 288,284 $ 47,854 $ (336,138 ) $ 291,005
Condensed Consolidating Statement of Comprehensive Income	Condensed Consolidating Statement of Comprehensive Income For the Twelve Weeks ended October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income $ 115,843 $ 116,003 $ 11,801 $ (127,804 ) $ 115,843 Other comprehensive income 3,831 3,831 3,900 (7,731 ) 3,831 Comprehensive income $ 119,674 $ 119,834 $ 15,701 $ (135,535 ) $ 119,674 Condensed Consolidating Statement of Comprehensive Income For the Twelve Weeks ended October 7, 2017 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income $ 95,996 $ 95,709 $ 11,780 $ (107,489 ) $ 95,996 Other comprehensive income 2,162 2,162 2,225 (4,387 ) 2,162 Comprehensive income $ 98,158 $ 97,871 $ 14,005 $ (111,876 ) $ 98,158 Condensed Consolidating Statement of Comprehensive Income For the Forty Weeks Ended October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income $ 370,405 $ 371,169 $ 39,481 $ (410,650 ) $ 370,405 Other comprehensive loss (7,129 ) (7,129 ) (6,902 ) 14,031 (7,129 ) Comprehensive income $ 363,276 $ 364,040 $ 32,579 $ (396,619 ) $ 363,276 Condensed Consolidating Statement of Comprehensive Income For the Forty Weeks Ended October 7, 2017 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income $ 291,005 $ 288,284 $ 47,854 $ (336,138 ) $ 291,005 Other comprehensive income 15,198 15,198 15,409 (30,607 ) 15,198 Comprehensive income $ 306,203 $ 303,482 $ 63,263 $ (366,745 ) $ 306,203
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows For the Forty Weeks Ended October 6, 2018 (in thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ — $ 656,847 $ 24,656 $ — $ 681,503 Cash flows from investing activities: Purchases of property and equipment — (104,065 ) (1,067 ) — (105,132 ) Proceeds from sales of property and equipment — 1,406 44 — 1,450 Net cash used in investing activities — (102,659 ) (1,023 ) — (103,682 ) Cash flows from financing activities: Decrease in bank overdrafts — (8,513 ) (3,460 ) — (11,973 ) Dividends paid — (17,819 ) — — (17,819 ) Proceeds from the issuance of common stock — 2,290 — — 2,290 Tax withholdings related to the exercise of stock appreciation rights — (490 ) — — (490 ) Repurchase of common stock — (126,482 ) — — (126,482 ) Other, net (23 ) 814 — 23 814 Net cash used in financing activities (23 ) (150,200 ) (3,460 ) 23 (153,660 ) Effect of exchange rate changes on cash — — (1,092 ) — (1,092 ) Net (decrease) increase in cash and cash equivalents (23 ) 403,988 19,081 23 423,069 Cash and cash equivalents , beginning of period 23 482,620 64,317 (23 ) 546,937 Cash and cash equivalents , end of period $ — $ 886,608 $ 83,398 $ — $ 970,006 Condensed Consolidating Statement of Cash Flows For the Forty Weeks Ended October 7, 2017 (In thousands) Advance Auto Parts, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ — $ 406,032 $ (5,027 ) $ — $ 401,005 Cash flows from investing activities: Purchases of property and equipment — (159,769 ) (1,191 ) — (160,960 ) Proceeds from sales of property and equipment — 6,108 12 — 6,120 Other, net — 480 (460 ) — 20 Net cash used in investing activities — (153,181 ) (1,639 ) — (154,820 ) Cash flows from financing activities: Increase in bank overdrafts — 7,374 (2,698 ) — 4,676 Borrowings under credit facilities — 534,400 — — 534,400 Payments on credit facilities — (534,400 ) — — (534,400 ) Dividends paid — (17,828 ) — — (17,828 ) Proceeds from the issuance of common stock — 3,142 — — 3,142 Tax withholdings related to the exercise of stock appreciation rights — (6,414 ) — — (6,414 ) Repurchase of common stock — (3,380 ) — — (3,380 ) Other, net 1 (2,095 ) — (1 ) (2,095 ) Net cash provided by (used in) financing activities 1 (19,201 ) (2,698 ) (1 ) (21,899 ) Effect of exchange rate changes on cash — — 3,838 (1 ) 3,838 Net increase (decrease) in cash and cash equivalents 1 233,650 (5,526 ) (1 ) 228,124 Cash and cash equivalents , beginning of period 22 78,543 56,635 (22 ) 135,178 Cash and cash equivalents , end of period $ 23 $ 312,193 $ 51,109 $ (23 ) $ 363,302

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Details)	Oct. 06, 2018store
Stores [Member]
Basis of Presentation [Line Items]
Number of Stores	4,981
Branches [Member]
Basis of Presentation [Line Items]
Number of Stores	139
Independently owned Carquest store locations [Member]
Basis of Presentation [Line Items]
Number of Stores	1,229

Significant Accounting Polici_4

Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017
Accounting Policies [Abstract]
Provision for income taxes related to the Act, remeasurement period benefit	$ 5.7		$ 5.7
Revenue from External Customer [Line Items]
Percentage Of Sales By Product Group	100.00%	100.00%	100.00%	100.00%
Parts and Batteries [Member]
Revenue from External Customer [Line Items]
Percentage Of Sales By Product Group	67.00%	67.00%	66.00%	66.00%
Accessories and Chemicals [Member]
Revenue from External Customer [Line Items]
Percentage Of Sales By Product Group	19.00%	19.00%	20.00%	19.00%
Engine Maintenance [Member]
Revenue from External Customer [Line Items]
Percentage Of Sales By Product Group	13.00%	13.00%	13.00%	14.00%
Other [Member]
Revenue from External Customer [Line Items]
Percentage Of Sales By Product Group	1.00%	1.00%	1.00%	1.00%

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017	Dec. 30, 2017
Inventory [Line Items]
Percentage of LIFO Inventory	88.00%		88.00%		88.00%
Inventory, LIFO Reserve, Effect on Income, Net	$ 22,000	$ 1,000	$ 54,300	$ 6,500
Inventories at FIFO	3,929,650		3,929,650		$ 3,965,370
Adjustments to state inventories at LIFO	257,432		257,432		203,122
Inventories at LIFO	$ 4,187,082		$ 4,187,082		$ 4,168,492

Exit Activities and Other Ini_3

Exit Activities and Other Initiativies (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Oct. 06, 2018	Oct. 06, 2018	Dec. 29, 2018	Dec. 30, 2017
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning of period		$ 33,215	$ 33,215	$ 45,224
Reserves established		25,383		15,867
Change in estimates		(156)		(1,815)
Cash payments		(15,082)		(26,061)
Restructuring Reserve, end of period	$ 43,360	43,360		33,215
Closed Facility Lease Obligations [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning of period		31,570	31,570	44,265
Reserves established		20,365		7,940
Change in estimates		95		(1,116)
Cash payments		(11,933)		(19,519)
Restructuring Reserve, end of period	40,097	40,097		31,570
Closed Facility Lease Obligations [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	13,900	18,900
Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning of period		1,645	1,645	959
Reserves established		5,018		7,927
Change in estimates		(251)		(699)
Cash payments		(3,149)		(6,542)
Restructuring Reserve, end of period	3,263	3,263		1,645
Severance [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	800	2,200
Impairment [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	1,100	7,900
Other facility closure costs [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	5,400	7,800
Other Noncurrent Liabilities [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning of period		19,800	19,800
Restructuring Reserve, end of period	25,700	25,700		$ 19,800
Scenario, Forecast [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost			70,000
Scenario, Forecast [Member] | Closed Facility Lease Obligations [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost			35,000
Scenario, Forecast [Member] | Severance [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost			5,000
Scenario, Forecast [Member] | Impairment [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost			15,000
Scenario, Forecast [Member] | Other facility closure costs [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost			$ 15,000
Selling, General and Administrative Expenses [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	20,700	31,000
Cost of Sales [Member] | StoreAndSupplyChainRationaization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 500	$ 5,800

Intangible Asset (Details)

Intangible Asset (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization Expense	$ 9.4	$ 10.7	$ 31.3	$ 36.3

Receivables, net (Details)

Receivables, net (Details) - USD ($) $ in Thousands	Oct. 06, 2018	Dec. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	$ 717,310	$ 624,576
Less: Allowance for doubtful accounts	(18,693)	(18,219)
Receivables, net	698,617	606,357
Trade Accounts Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	470,246	389,963
Accounts Receivable, Vendor [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	230,422	220,510
Accounts Receivable, Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	$ 16,642	$ 14,103

Long-term Debt and Fair Value_3

Long-term Debt and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Oct. 06, 2018	Dec. 30, 2017
Debt Instrument [Line Items]
Total long-term debt	$ 1,045,609	$ 1,044,677
Less: Current portion of long-term debt (included in Other current liabilities)	(211)	(350)
Long-term debt, excluding current portion	1,045,398	1,044,327
Fair value of long-term debt	1,071,000	1,109,000
Letters of Credit Outstanding, Amount	104,000	111,700
Line of Credit Facility, Remaining Borrowing Capacity	896,000	517,600
Guarantor Obligations, Maximum Exposure	23,700	24,800
Guarantor Obligation, Collateral Amount	55,800	62,800
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt, Long-term and Short-term, Combined Amount	$ 0	$ 0

Warranty Liabilities (Details)

Warranty Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 06, 2018	Dec. 30, 2017
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty reserve, beginning of period	$ 49,024	$ 47,243
Additions to warranty reserves	32,274	50,895
Reserves utilized	(35,573)	(49,114)
Warranty reserve, end of period	$ 45,725	$ 49,024

Share Repurchase Program (Detai

Share Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017	Aug. 08, 2018	May 14, 2012
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount					$ 600	$ 500
Treasury Stock, Shares, Acquired as Part of Authorized Plan	720	0	720	0
Payments for Repurchase of Common Stock	$ 0.1		$ 119.9
Acquired, Average Cost Per Share, Acquired as Part of Plan	$ 166.57		$ 166.57
Share Repurchase Program, Remaining Authorized Repurchase Amount	$ 480.1		$ 480.1

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income applicable to common shares	$ 115,843	$ 95,996	$ 370,405	$ 291,005
Basic weighted average shares	73,888	73,866	73,974	73,827
Dilutive impact of share-based awards	302	240	238	270
Diluted weighted average shares	74,190	74,106	74,212	74,097
Basic earnings per share	$ 1.57	$ 1.30	$ 5.01	$ 3.94
Diluted earnings per share	$ 1.56	$ 1.30	$ 4.99	$ 3.93

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation			$ 19,265	$ 28,156
Share-based Compensation, Tax Benefit from Compensation Expense	$ 1,700	$ 3,100	4,700	$ 10,500
Share-based Compensation, Cost Not yet Recognized	$ 52,500		$ 52,500
Share-based Compensation, Cost Not yet Recognized, Period for Recognition			1 year 8 months 12 days
Performance-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in Period			72
Weighted Average Grant Date Fair Value			$ 117.84
Market-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in Period			38
Weighted Average Grant Date Fair Value			$ 131.96
Time-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in Period			230
Weighted Average Grant Date Fair Value			$ 126.32

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Oct. 06, 2018	Dec. 30, 2017	Oct. 07, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 970,006	$ 546,937	$ 363,302	$ 135,178
Receivables, net	698,617	606,357
Inventories	4,187,082	4,168,492
Other current assets	168,578	105,106
Total current assets	6,024,283	5,426,892
Property and equipment, net of accumulated depreciation	1,335,769	1,394,138
Goodwill	992,764	994,293
Intangible assets, net	562,698	597,674
Other assets, net	56,839	69,304
Investment in subsidiaries	0	0
Intercompany note receivable	0	0
Due from intercompany, net	0	0
Assets, Total	8,972,353	8,482,301
Current liabilities:
Accounts payable	3,023,660	2,894,582
Accrued expenses	648,817	533,548
Other current liabilities	48,755	51,967
Total current liabilities	3,721,232	3,480,097
Long-term debt	1,045,398	1,044,327
Deferred income taxes	320,160	303,620
Other long-term liabilities	225,927	239,061
Intercompany note payable	0	0
Due to intercompany, net	0	0
Commitments and contingencies
Stockholders' equity	3,659,636	3,415,196
Liabilities and Stockholders' Equity, Total	8,972,353	8,482,301
Parent Company [Member]
Current assets:
Cash and cash equivalents	0	23	23	22
Receivables, net	0	0
Inventories	0	0
Other current assets	24,809	0
Total current assets	24,809	23
Property and equipment, net of accumulated depreciation	83	103
Goodwill	0	0
Intangible assets, net	0	0
Other assets, net	2,384	3,224
Investment in subsidiaries	3,898,615	3,521,330
Intercompany note receivable	1,048,924	1,048,700
Due from intercompany, net	0	0
Assets, Total	4,974,815	4,573,380
Current liabilities:
Accounts payable	0	0
Accrued expenses	0	1,134
Other current liabilities	0	0
Total current liabilities	0	1,134
Long-term debt	1,045,398	1,044,327
Deferred income taxes	0	0
Other long-term liabilities	0	0
Intercompany note payable	0	0
Due to intercompany, net	269,781	112,723
Commitments and contingencies
Stockholders' equity	3,659,636	3,415,196
Liabilities and Stockholders' Equity, Total	4,974,815	4,573,380
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	886,608	482,620	312,193	78,543
Receivables, net	654,001	567,460
Inventories	4,018,991	3,986,724
Other current assets	163,333	103,118
Total current assets	5,722,933	5,139,922
Property and equipment, net of accumulated depreciation	1,326,422	1,384,115
Goodwill	943,358	943,359
Intangible assets, net	519,989	551,781
Other assets, net	56,223	68,749
Investment in subsidiaries	481,256	448,462
Intercompany note receivable	0	0
Due from intercompany, net	0	0
Assets, Total	9,050,181	8,536,388
Current liabilities:
Accounts payable	2,823,263	2,657,792
Accrued expenses	654,607	511,841
Other current liabilities	50,887	50,963
Total current liabilities	3,528,757	3,220,596
Long-term debt	0	0
Deferred income taxes	306,327	288,999
Other long-term liabilities	224,613	237,019
Intercompany note payable	1,048,924	1,048,700
Due to intercompany, net	42,945	219,744
Commitments and contingencies
Stockholders' equity	3,898,615	3,521,330
Liabilities and Stockholders' Equity, Total	9,050,181	8,536,388
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	83,398	64,317	51,109	56,635
Receivables, net	44,616	38,897
Inventories	168,091	181,768
Other current assets	3,732	2,063
Total current assets	299,837	287,045
Property and equipment, net of accumulated depreciation	9,264	9,920
Goodwill	49,406	50,934
Intangible assets, net	42,709	45,893
Other assets, net	616	554
Investment in subsidiaries	0	0
Intercompany note receivable	0	0
Due from intercompany, net	312,726	332,467
Assets, Total	714,558	726,813
Current liabilities:
Accounts payable	200,397	236,790
Accrued expenses	17,506	20,648
Other current liabilities	(2,132)	1,027
Total current liabilities	215,771	258,465
Long-term debt	0	0
Deferred income taxes	16,217	17,844
Other long-term liabilities	1,314	2,042
Intercompany note payable	0	0
Due to intercompany, net	0	0
Commitments and contingencies
Stockholders' equity	481,256	448,462
Liabilities and Stockholders' Equity, Total	714,558	726,813
Consolidation, Eliminations [Member]
Current assets:
Cash and cash equivalents	0	(23)	$ (23)	$ (22)
Receivables, net	0	0
Inventories	0	0
Other current assets	(23,296)	(75)
Total current assets	(23,296)	(98)
Property and equipment, net of accumulated depreciation	0	0
Goodwill	0	0
Intangible assets, net	0	0
Other assets, net	(2,384)	(3,223)
Investment in subsidiaries	(4,379,871)	(3,969,792)
Intercompany note receivable	(1,048,924)	(1,048,700)
Due from intercompany, net	(312,726)	(332,467)
Assets, Total	(5,767,201)	(5,354,280)
Current liabilities:
Accounts payable	0	0
Accrued expenses	(23,296)	(75)
Other current liabilities	0	(23)
Total current liabilities	(23,296)	(98)
Long-term debt	0	0
Deferred income taxes	(2,384)	(3,223)
Other long-term liabilities	0	0
Intercompany note payable	(1,048,924)	(1,048,700)
Due to intercompany, net	(312,726)	(332,467)
Commitments and contingencies
Stockholders' equity	(4,379,871)	(3,969,792)
Liabilities and Stockholders' Equity, Total	$ (5,767,201)	$ (5,354,280)

Condensed Consolidated Income S

Condensed Consolidated Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017
Condensed Income Statements, Captions [Line Items]
Net sales	$ 2,274,982	$ 2,182,233	$ 7,475,482	$ 7,336,798
Cost of sales, including purchasing and warehousing costs	1,268,055	1,234,525	4,184,713	4,125,318
Gross profit	1,006,927	947,708	3,290,769	3,211,480
Selling, general and administrative expenses	852,686	791,139	2,770,747	2,728,420
Operating income (loss)	154,241	156,569	520,022	483,060
Other, net:
Interest (expense) income	(13,076)	(13,314)	(43,613)	(45,665)
Other income (expense), net	5,755	745	8,998	8,727
Total other, net	(7,321)	(12,569)	(34,615)	(36,938)
Income before provision for income taxes	146,920	144,000	485,407	446,122
Provision (benefit) for income taxes	31,077	48,004	115,002	155,117
Income (loss) before equity in earnings of subsidiaries	115,843	95,996	370,405	291,005
Equity in earnings of subsidiaries	0	0	0	0
Net income	115,843	95,996	370,405	291,005
Parent Company [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	0	0	0	0
Cost of sales, including purchasing and warehousing costs	0	0	0	0
Gross profit	0	0	0	0
Selling, general and administrative expenses	4,631	5,806	14,290	25,973
Operating income (loss)	(4,631)	(5,806)	(14,290)	(25,973)
Other, net:
Interest (expense) income	(12,059)	(11,874)	(40,194)	(40,240)
Other income (expense), net	16,759	17,832	55,007	67,183
Total other, net	4,700	5,958	14,813	26,943
Income before provision for income taxes	69	152	523	970
Provision (benefit) for income taxes	229	(136)	1,287	(1,752)
Income (loss) before equity in earnings of subsidiaries	(160)	288	(764)	2,722
Equity in earnings of subsidiaries	116,003	95,708	371,169	288,283
Net income	115,843	95,996	370,405	291,005
Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	2,190,822	2,098,475	7,197,953	7,075,603
Cost of sales, including purchasing and warehousing costs	1,220,367	1,185,654	4,035,319	3,987,575
Gross profit	970,455	912,821	3,162,634	3,088,028
Selling, general and administrative expenses	837,047	777,201	2,719,172	2,678,822
Operating income (loss)	133,408	135,620	443,462	409,206
Other, net:
Interest (expense) income	(1,018)	(1,401)	(3,419)	(5,424)
Other income (expense), net	(564)	(4,665)	(4,766)	(17,430)
Total other, net	(1,582)	(6,066)	(8,185)	(22,854)
Income before provision for income taxes	131,826	129,554	435,277	386,352
Provision (benefit) for income taxes	27,624	45,626	103,589	145,923
Income (loss) before equity in earnings of subsidiaries	104,202	83,928	331,688	240,429
Equity in earnings of subsidiaries	11,801	11,781	39,481	47,855
Net income	116,003	95,709	371,169	288,284
Non-Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	115,675	122,495	405,864	432,790
Cost of sales, including purchasing and warehousing costs	79,203	87,608	277,729	309,338
Gross profit	36,472	34,887	128,135	123,452
Selling, general and administrative expenses	22,812	19,751	76,634	63,017
Operating income (loss)	13,660	15,136	51,501	60,435
Other, net:
Interest (expense) income	1	(39)	0	(1)
Other income (expense), net	1,364	(803)	(1,894)	(1,634)
Total other, net	1,365	(842)	(1,894)	(1,635)
Income before provision for income taxes	15,025	14,294	49,607	58,800
Provision (benefit) for income taxes	3,224	2,514	10,126	10,946
Income (loss) before equity in earnings of subsidiaries	11,801	11,780	39,481	47,854
Equity in earnings of subsidiaries	0	0	0	0
Net income	11,801	11,780	39,481	47,854
Consolidation, Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	(31,515)	(38,737)	(128,335)	(171,595)
Cost of sales, including purchasing and warehousing costs	(31,515)	(38,737)	(128,335)	(171,595)
Gross profit	0	0	0	0
Selling, general and administrative expenses	(11,804)	(11,619)	(39,349)	(39,392)
Operating income (loss)	11,804	11,619	39,349	39,392
Other, net:
Interest (expense) income	0	0	0	0
Other income (expense), net	(11,804)	(11,619)	(39,349)	(39,392)
Total other, net	(11,804)	(11,619)	(39,349)	(39,392)
Income before provision for income taxes	0	0	0	0
Provision (benefit) for income taxes	0	0	0	0
Income (loss) before equity in earnings of subsidiaries	0	0	0	0
Equity in earnings of subsidiaries	(127,804)	(107,489)	(410,650)	(336,138)
Net income	$ (127,804)	$ (107,489)	$ (410,650)	$ (336,138)

Condensed Consolidating Compreh

Condensed Consolidating Comprehensive Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017	Oct. 06, 2018	Oct. 07, 2017
Condensed Consolidating Comprehensive Income Statement [Line Items]
Net income	$ 115,843	$ 95,996	$ 370,405	$ 291,005
Other Comprehensive Income (Loss)	3,831	2,162	(7,129)	15,198
Comprehensive income	119,674	98,158	363,276	306,203
Parent Company [Member]
Condensed Consolidating Comprehensive Income Statement [Line Items]
Net income	115,843	95,996	370,405	291,005
Other Comprehensive Income (Loss)	3,831	2,162	(7,129)	15,198
Comprehensive income	119,674	98,158	363,276	306,203
Guarantor Subsidiaries [Member]
Condensed Consolidating Comprehensive Income Statement [Line Items]
Net income	116,003	95,709	371,169	288,284
Other Comprehensive Income (Loss)	3,831	2,162	(7,129)	15,198
Comprehensive income	119,834	97,871	364,040	303,482
Non-Guarantor Subsidiaries [Member]
Condensed Consolidating Comprehensive Income Statement [Line Items]
Net income	11,801	11,780	39,481	47,854
Other Comprehensive Income (Loss)	3,900	2,225	(6,902)	15,409
Comprehensive income	15,701	14,005	32,579	63,263
Consolidation, Eliminations [Member]
Condensed Consolidating Comprehensive Income Statement [Line Items]
Net income	(127,804)	(107,489)	(410,650)	(336,138)
Other Comprehensive Income (Loss)	(7,731)	(4,387)	14,031	(30,607)
Comprehensive income	$ (135,535)	$ (111,876)	$ (396,619)	$ (366,745)

Condensed Consolidating Stateme

Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 06, 2018	Oct. 07, 2017
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 681,503	$ 401,005
Net cash used in investing activities
Purchases of property and equipment	(105,132)	(160,960)
Proceeds from sales of property and equipment	1,450	6,120
Other, net	0	20
Net cash used in investing activities	(103,682)	(154,820)
Net cash provided by (used in) financing activities
Increase (decrease) in bank overdrafts	(11,973)	4,676
Borrowings under credit facilities	0	534,400
Payments on credit facilities	0	(534,400)
Dividends paid	(17,819)	(17,828)
Proceeds from the issuance of common stock	2,290	3,142
Tax withholdings related to the exercise of stock appreciation rights	(490)	(6,414)
Repurchase of common stock	(126,482)	(3,380)
Other, net	814	(2,095)
Net Cash Provided by (Used in) Financing Activities	(153,660)	(21,899)
Effect of exchange rate changes on cash	(1,092)	3,838
Cash and Cash Equivalents, Period Increase (Decrease)	423,069	228,124
Cash and cash equivalents, beginning of period	546,937	135,178
Cash and cash equivalents, end of period	970,006	363,302
Parent Company [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	0	0
Net cash used in investing activities
Purchases of property and equipment	0	0
Proceeds from sales of property and equipment	0	0
Other, net		0
Net cash used in investing activities	0	0
Net cash provided by (used in) financing activities
Increase (decrease) in bank overdrafts	0	0
Borrowings under credit facilities		0
Payments on credit facilities		0
Dividends paid	0	0
Proceeds from the issuance of common stock	0	0
Tax withholdings related to the exercise of stock appreciation rights	0	0
Repurchase of common stock	0	0
Other, net	(23)	1
Net Cash Provided by (Used in) Financing Activities	(23)	1
Effect of exchange rate changes on cash	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	(23)	1
Cash and cash equivalents, beginning of period	23	22
Cash and cash equivalents, end of period	0	23
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	656,847	406,032
Net cash used in investing activities
Purchases of property and equipment	(104,065)	(159,769)
Proceeds from sales of property and equipment	1,406	6,108
Other, net		480
Net cash used in investing activities	(102,659)	(153,181)
Net cash provided by (used in) financing activities
Increase (decrease) in bank overdrafts	(8,513)	7,374
Borrowings under credit facilities		534,400
Payments on credit facilities		(534,400)
Dividends paid	(17,819)	(17,828)
Proceeds from the issuance of common stock	2,290	3,142
Tax withholdings related to the exercise of stock appreciation rights	(490)	(6,414)
Repurchase of common stock	(126,482)	(3,380)
Other, net	814	(2,095)
Net Cash Provided by (Used in) Financing Activities	(150,200)	(19,201)
Effect of exchange rate changes on cash	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	403,988	233,650
Cash and cash equivalents, beginning of period	482,620	78,543
Cash and cash equivalents, end of period	886,608	312,193
Non-Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	24,656	(5,027)
Net cash used in investing activities
Purchases of property and equipment	(1,067)	(1,191)
Proceeds from sales of property and equipment	44	12
Other, net		(460)
Net cash used in investing activities	(1,023)	(1,639)
Net cash provided by (used in) financing activities
Increase (decrease) in bank overdrafts	(3,460)	(2,698)
Borrowings under credit facilities		0
Payments on credit facilities		0
Dividends paid	0	0
Proceeds from the issuance of common stock	0	0
Tax withholdings related to the exercise of stock appreciation rights	0	0
Repurchase of common stock	0	0
Other, net	0	0
Net Cash Provided by (Used in) Financing Activities	(3,460)	(2,698)
Effect of exchange rate changes on cash	(1,092)	3,838
Cash and Cash Equivalents, Period Increase (Decrease)	19,081	(5,526)
Cash and cash equivalents, beginning of period	64,317	56,635
Cash and cash equivalents, end of period	83,398	51,109
Consolidation, Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	0	0
Net cash used in investing activities
Purchases of property and equipment	0	0
Proceeds from sales of property and equipment	0	0
Other, net		0
Net cash used in investing activities	0	0
Net cash provided by (used in) financing activities
Increase (decrease) in bank overdrafts	0	0
Borrowings under credit facilities		0
Payments on credit facilities		0
Dividends paid	0	0
Proceeds from the issuance of common stock	0	0
Tax withholdings related to the exercise of stock appreciation rights	0	0
Repurchase of common stock	0	0
Other, net	23	(1)
Net Cash Provided by (Used in) Financing Activities	23	(1)
Effect of exchange rate changes on cash	0	(1)
Cash and Cash Equivalents, Period Increase (Decrease)	23	(1)
Cash and cash equivalents, beginning of period	(23)	(22)
Cash and cash equivalents, end of period	$ 0	$ (23)