Share-Based Compensation (Tables)

9 Months Ended

Sep. 26, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Fair Value Assumptions for Performance Awards

The fair values of the senior executives' performance share award grants with a TSR modifier for grants in 2020 and 2019 were $64.72 and $49.64, respectively, which were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:

	2020		2019
Risk-free interest rate	1.4	%	2.9	%
Dividend yield	1.5	%	1.7	%
Volatility factor	46.6	%	41.0	%
Expected life of award	2.9 years		2.9 years