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Share-Based Compensation (Tables)
 3 Months Ended
Apr. 02, 2022
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 2022 and 2021 were $94.59 and $91.44, respectively, which were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:
20222021
Risk-free interest rate1.7 %0.2 %
Dividend yield1.5 %1.2 %
Volatility factor54.8 %65.6 %
Expected life of award2.9 years2.9 years