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Common Stock, Stock Option Plans and Stock Compensation Agreements (Tables)
 12 Months Ended
Jan. 01, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule Valuation Assumptions
The average fair value of options granted was $10.01, $10.68 and $8.42, in 2016, 2015 and 2014, respectively. The fair value was estimated based on the weighted average assumptions of:
 
2016
 
2015
 
2014
Risk-free rate
1.51
%
 
1.77
%
 
1.87
%
Expected volatility
15.76
%
 
15.48
%
 
14.60
%
Expected life (in years)
7.0

 
7.0

 
6.0

Expected dividend yield
3.10
%
 
2.90
%
 
3.10
%
Summary of Stock Option Activity
A summary of option activity under the Plan as of January 1, 2017, January 3, 2016 and December 28, 2014, and changes during the years ending on those dates is presented below:
(Shares in Thousands)
 
Outstanding Shares
 
Weighted
Average Exercise Price
 
Aggregate
Intrinsic
Value
(Dollars in Millions)
Shares at December 29, 2013
 
119,556

 
$
64.70

 
$
3,306

Options granted
 
24,356

 
90.44

 
 
Options exercised
 
(25,319
)
 
62.31

 
 
Options canceled/forfeited
 
(2,881
)
 
75.48

 
 
Shares at December 28, 2014
 
115,712

 
70.37

 
4,014

Options granted
 
20,484

 
100.06

 
 
Options exercised
 
(16,683
)
 
62.53

 
 
Options canceled/forfeited
 
(2,996
)
 
82.22

 
 
Shares at January 3, 2016
 
116,517

 
76.41

 
3,065

Options granted
 
22,491

 
101.87

 
 
Options exercised
 
(22,547
)
 
65.66

 
 
Options canceled/forfeited
 
(3,006
)
 
92.83

 
 
Shares at January 1, 2017
 
113,455

 
$
83.16

 
$
3,636
Summary of Options Outstanding
The following table summarizes stock options outstanding and exercisable at January 1, 2017:
(Shares in Thousands)
 
Outstanding
 
Exercisable
Exercise Price Range
 
Options
 
Average Life(1)
 
Average Exercise Price
 
Options
 
Average Exercise Price
$52.13-$58.33
 
7,361

 
2.1
 
$58.32
 
7,361

 
$58.32
$58.34-$62.20
 
11,297

 
2.4
 
$61.95
 
11,297

 
$61.95
$62.62-$65.62
 
14,380

 
3.1
 
$64.24
 
14,380

 
$64.24
$66.07-$72.54
 
18,127

 
6.0
 
$72.52
 
17,241

 
$72.52
$90.44-$101.87
 
62,290

 
8.1
 
$97.40
 
135

 
$93.73
 
 
113,455

 
6.2
 
$83.16
 
50,414

 
$65.77


(1) Average contractual life remaining in years.
Summary of Restricted Share Units
A summary of the restricted share units and performance share units activity under the Plans as of January 1, 2017 is presented below:
(Shares in Thousands)
 
Outstanding Restricted Share Units
 
Outstanding Performance Share Units
Shares at December 29, 2013
 
30,617

 
1,535

Granted
 
8,487

 
1,113

Issued
 
(9,685
)
 
(19
)
Canceled/forfeited
 
(1,726
)
 
(98
)
Shares at December 28, 2014
 
27,693

 
2,531

Granted
 
7,637

 
931

Issued
 
(10,164
)
 
(285
)
Canceled/forfeited
 
(1,281
)
 
(99
)
Shares at January 3, 2016
 
23,885

 
3,078

Granted
 
7,173

 
958

Issued
 
(8,913
)
 
(1,437
)
Canceled/forfeited
 
(1,084
)
 
(184
)
Shares at January 1, 2017
 
21,061

 
2,415