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SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Jan. 03, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Classification of Share-based Compensation Expense The following table summarizes the share-based compensation expense recognized in the Consolidated
Statement of Operations:
Fiscal Year Ended
(In millions)
January 3, 2025
December 29, 2023
December 30, 2022
Share-based compensation expense
$97
$89
$109
Amounts recognized in our Consolidated Statement of Operations include:
Cost of revenue
$14
$16
$19
General and administrative expenses
83
73
90
Share-based compensation expense, before income taxes
97
89
109
Income taxes on share-based compensation expense
(20)
(19)
(27)
Share-based compensation expense, net of income taxes
$77
$70
$82
Schedule of Restricted Stock Units Activity The following table summarizes the activity of RSUs during fiscal 2024:
(In thousands, except per unit amounts)
Units
Weighted-Average
Grant-Date Price
Per Unit
RSUs outstanding at December 29, 2023
728
$208.78
Granted
158
$211.95
Vested
(227)
$204.42
Forfeited
(77)
$210.18
RSUs outstanding at January 3, 2025
582
$210.28
Schedule of Performance Shares Activity The following table summarizes the activity of PSUs during fiscal 2024:
(In thousands, except per unit amounts)
Units
Weighted-Average
Grant-Date Price
Per Unit
PSUs outstanding at December 29, 2023
480
$222.73
Granted
172
$230.09
Adjustment for achievement of performance measures
8
$195.07
Vested
(190)
$194.99
Forfeited
(45)
$233.38
PSUs outstanding at January 3, 2025
425
$236.42
Schedule of Assumptions Used In Calculating Fair Value of Stock Option Grants The grant-date fair value of each stock option award was determined using the Black-Scholes-Merton option-
pricing model which used assumptions noted in the following table:
Fiscal Year Ended
January 3, 2025
December 29, 2023
December 30, 2022
Expected dividends
2.18%
2.17%
2.00%
Expected volatility
25.29%
28.60%
29.09%
Risk-free interest rates
3.80% - 4.64%
3.48% - 4.27%
1.63% - 4.27%
Expected term (years)
5.06
5.04
5.02
Schedule of Stock Option Activity The following table summarizes the stock option activity during fiscal 2024:
Shares
(In thousands)
Weighted
Average
Exercise
Price
Per Share
Weighted
Average
Remaining
Contractual
Term             
(In years)
Aggregate
Intrinsic 
Value                         
(In millions)
Stock options outstanding at December 29, 2023
3,251
$169.53
Granted
415
$213.85
Exercised
(1,026)
$129.18
Forfeited or expired
(103)
$218.61
Stock options outstanding at January 3, 2025
2,537
$191.09
5.70
$55
Stock options exercisable at January 3, 2025
1,902
$183.03
4.72
$55
Schedule of Nonvested Stock Options Activity The following table summarizes the unvested stock option activity during fiscal 2024:
(In thousands, except per share amounts)
Shares
Weighted-Average
Grant-Date Fair
Value
Per Share
Unvested stock options at December 29, 2023
582
$52.72
Granted
415
$50.99
Vested/forfeited, net
(362)
$50.59
Unvested stock options at January 3, 2025
635
$52.54