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Share-Based Payments (Tables)
9 Months Ended
Sep. 24, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] 
Schedule of components of share-based compensation expense
The following table summarizes components of the share-based compensation expense:
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
September 24, 2011
 
September 25, 2010
 
September 24, 2011
 
September 25, 2010
 
(In millions)
Stock options and SOSARs
 
 
 
 
 
 
 
Pre-tax compensation expense
$
0.8

 
$
0.8

 
$
4.7

 
$
5.5

Tax benefit
(0.2
)
 
(0.2
)
 
(1.3
)
 
(1.5
)
After-tax compensation expense
$
0.6

 
$
0.6

 
$
3.4

 
$
4.0

RSUs and DSUs
 
 
 
 
 
 
 
Pre-tax compensation expense
$
2.5

 
$
3.9

 
$
7.9

 
$
12.2

Tax benefit
(0.7
)
 
(1.0
)
 
(2.0
)
 
(3.2
)
After-tax compensation expense
$
1.8

 
$
2.9

 
$
5.9

 
$
9.0

PUs
 
 
 
 
 
 
 
Pre-tax compensation expense
$
1.7

 
$
1.8

 
$
6.7

 
$
5.5

Tax benefit
(0.5
)
 
(0.4
)
 
(2.0
)
 
(1.3
)
After-tax compensation expense
$
1.2

 
$
1.4

 
$
4.7

 
$
4.2

Total after-tax compensation expense
$
3.6

 
$
4.9

 
$
14.0

 
$
17.2

Schedule of stock options and SOSARs outstanding and the activity for the period
The following table represents the summary of stock options and SOSARs outstanding as of September 24, 2011, and the activity during the first three quarters of 2011:

 
Outstanding
options
 
Weighted-average
exercise price per
share
 
Weighted-average
remaining
contractual life
(years)
 
Aggregate
intrinsic value
 
(In millions, except per share amounts and years)
Outstanding as of December 25, 2010
6.8

 
$37.92
 
4.89

 
$
91.6

Granted
0.7

 
$44.23
 
 

 
 

Exercised
(0.3
)
 
$35.50
 
 

 
 

Forfeited
—

 
$43.43
 
 

 
 

Outstanding as of September 24, 2011
7.2

 
$38.57
 
4.52

 
$
25.3

Exercisable at September 24, 2011
5.9

 
$37.46
 
3.56

 
$
25.3

Schedule of non-vested RSUs, PUs and DSUs outstanding and the activity for the period
The following table represents non-vested RSUs, DSUs and PUs as of September 24, 2011, and the activity during the first three quarters of 2011:
 
RSUs and DSUs
 
PUs
 
Units
 
Weighted-average
grant date fair value
per unit
 
Units
 
Weighted-average
grant date fair value
per unit
 
(In millions, except
per unit amounts)
 
(In millions, except
per unit amounts)
Non-vested as of December 25, 2010
0.8

 
$49.41
 
2.2

 
$
9.45

Granted
0.3

 
$41.09
 
0.6

 
$
13.51

Vested
(0.4
)
 
$53.72
 
(0.7
)
 
$
6.98

Forfeited
—

 
$43.92
 
(0.1
)
 
$
11.22

Non-vested as of September 24, 2011
0.7

 
$42.17
 
2.0

 
$
11.62

Schedule of share-based compensation weighted average assumptions
The fair value of each option granted in the first three quarters of 2011 and 2010, respectively, was determined on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
 
For the Thirty-Nine Weeks Ended
 
September 24, 2011
 
September 25, 2010
Risk-free interest rate
2.60%
 
2.95%
Dividend yield
2.56%
 
2.22%
Volatility range
25.26%-29.35%
 
27.2%-29.5%
Weighted-average volatility
26.25%
 
27.86%
Expected term (years)
4.0-7.7
 
5.0-7.0
Weighted-average fair market value
$9.64
 
$10.95