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Stock-Based Compensation
 6 Months Ended
Jun. 28, 2019
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation
NOTE 11. STOCK-BASED COMPENSATION
Our stock-based compensation program (the “Stock Plan”) provides for the grant of stock appreciation rights, performance stock units, restricted stock units, restricted stock awards and performance stock awards (collectively, “Stock Awards”), stock options or any other stock-based award. As of June 28, 2019, approximately 20 million shares of our common stock were available for subsequent issuance under the Stock Plan. For a full description of our stock-based compensation program refer to Note 17 of our 2018 Annual Report on Form 10-K.
Stock-based Compensation Expense
Stock-based compensation has been recognized as a component of selling, general & administrative expenses in the accompanying Consolidated Condensed Statements of Earnings based on the portion of the awards that are ultimately expected to vest.
The following summarizes the components of our stock-based compensation expense under the Stock Plan ($ in millions):
 
Three Months Ended
 
Six Months Ended
 
June 28, 2019
 
June 29, 2018
 
June 28, 2019
 
June 29, 2018
Stock Awards:
 
 
 
 
 
 
 
Pretax compensation expense
$
10.1

 
$
7.9

 
$
17.9

 
$
14.4

Income tax benefit
(2.1
)
 
(1.6
)
 
(3.8
)
 
(3.0
)
Stock Award expense, net of income taxes
8.0

 
6.3

 
14.1

 
11.4

Stock options:
 
 
 
 
 
 
 
Pretax compensation expense
5.8

 
5.5

 
10.9

 
10.0

Income tax benefit
(1.2
)
 
(1.2
)
 
(2.3
)
 
(2.1
)
Stock option expense, net of income taxes
4.6

 
4.3

 
8.6

 
7.9

Total stock-based compensation:
 
 
 
 
 
 
 
Pretax compensation expense
15.9

 
13.4

 
28.8

 
24.4

Income tax benefit
(3.3
)
 
(2.8
)
 
(6.1
)
 
(5.1
)
Total stock-based compensation expense, net of income taxes
$
12.6

 
$
10.6

 
$
22.7

 
$
19.3


The following summarizes the unrecognized compensation cost for the Stock Plan awards as of June 28, 2019. This compensation cost is expected to be recognized over a weighted average period of approximately two years, representing the remaining service period related to the awards. Future compensation amounts will be adjusted for any changes in estimated forfeitures ($ in millions):
Stock Awards
$
74.9

Stock options
62.8

Total unrecognized compensation cost
$
137.7