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Stock Plans and Share-Based Compensation (Tables)
 12 Months Ended
Dec. 26, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of share-based compensation and related income tax benefit
 Total pre-tax expense associated with share-based compensation and its related income tax benefit is as follows:

NOTE 4.  Stock Plans and Share-Based Compensation, continued
 
Fiscal Years
(Dollars in Millions)
2014
 
2013
 
2012
Share-Based Compensation Expense
$
33

 
$
14

 
$
14

Income Tax Benefit
13

 
6

 
5
Schedule of outstanding restricted stock awards
he following table provides information about outstanding restricted stock units and awards combined.  As of December 2014, unrecognized compensation expense for these awards and units was approximately $16 million, which will be expensed over a weighted-average remaining period of 2 years.

 
Fiscal Years
 
2014
2013
2012
Restricted Stock Units and Awards Outstanding (Thousands)(a)
1,383

1,462

1,353

Weighted-Average Fair Value at Grant Date
$
25.03

$
23.89

$
21.38

Restricted Stock Units and Awards Expense (Millions)(a)
11

10

9

Unvested Restricted Stock Units and Awards Outstanding (Thousands)
601

705

629

Weighted-Average Fair Value of Unvested Units and Awards Outstanding
$
26.40

$
24.17

$
22.48


(a)  Time-based restricted stock units were granted to certain employees under the respective Long-term Incentive Plans in the amount of 371,000, 524,000, and 433,000 in 2014, 2013 and 2012, respectively, as described below.  These units vest over three years, therefore only a partial amount of expense was recognized in 2014, 2013, and 2012, respectively.
Schedule of target units granted and weighted-average fair value calculations
 
LTIP Plan (Plan Ended In)
 
2014
 
2015
 
2016
Number of target units outstanding (Thousands)(a)
1,338

 
1,330

 
1,119

Weighted-average fair value at grant date (a)
$
22.23

 
$
25.50

 
$
28.03

Payout Range
0% - 200%

 
0% - 200%

 
0% - 200%

(a) Number of target units granted and weighted-average fair value calculations above include the value of both initial grants and subsequent, smaller grants issued at different prices based on grant date fair value to new or promoted employees not previously included.
Schedule of outstanding long-term incentive plans
The activity related to each of the outstanding long-term incentive plans is summarized as follows:
 
LTIP Plan (Plan Ended In)
Weighted-Average Fair Value at Grant Date
(Units Outstanding, in Thousands)
2014
 
2015
 
2016
Unvested at December 28, 2012
1,237

 
—

 
—

$
21.98

Granted in 2013
85

 
1,354

 
—

25.26

Forfeited in 2013
(4
)
 
(75
)
 
—

(25.19
)
Unvested at December 27, 2013
1,318

 
1,279

 
—

23.70

 
 

 
 

 
 

 
Granted in 2014
20

 
52

 
1,144

28.13

Forfeited in 2014
—

 
(1
)
 
(25
)
(28.07
)
Cancelled due to performance conditions(a)
(1,338
)
 
—

 
—

(22.23
)
Vested at December 26, 2014
—

 
—

 
—

—

Unvested at December 26, 2014
—

 
1,330

 
1,119

$
26.66


(a) The minimum financial target was not met in 2014. As a result, there was no performance unit payout for the LTIP ended December 26, 2014.
Schedule of shares issued to directors
The following table provides information about shares issued to directors.
 
Fiscal Years
 
2014
 
2013
 
2012
Shares Issued to Directors (Thousands)
79

 
105

 
102

Expense (Millions)
$
2

 
$
2

 
$
2

Weighted Average Grant Date Stock Price
$
28.01

 
$
23.12

 
$
21.92