Cake layers, walnut praline and cream cheese frosting can be made 1 day ahead. Keep cake layers covered at room temperature; store praline in airtight container at room temperature. Refrigerate frosting until ready to use; soften before spreading over cake.
Substitute PLANTERS Slivered Almonds or Pecan Pieces for the walnuts.
Praline Coating Cooking Tip
After mixing sugar and water in saucepan, brush down side of saucepan with a clean wet pastry brush. This will help prevent the sugar from caramelizing on the side of the pan. For best results, continue to brush down side of saucepan as needed with clean wet brush to ensure even cooking of the praline coating.