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Stock Transactions And Stock-Based Compensation
 3 Months Ended
Mar. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Transactions And Stock-Based Compensation
STOCK TRANSACTIONS AND STOCK-BASED COMPENSATION
Neither the Company nor any “affiliated purchaser” repurchased any shares of Company common stock during the three-month period ended March 30, 2018. On July 16, 2013, the Company’s Board of Directors approved a repurchase program (the “Repurchase Program”) authorizing the repurchase of up to 20 million shares of the Company’s common stock from time to time on the open market or in privately negotiated transactions. As of March 30, 2018, 20 million shares remained available for repurchase pursuant to the Repurchase Program.
For a full description of the Company’s stock-based compensation programs, reference is made to Note 17 of the Company’s financial statements as of and for the year ended December 31, 2017 included in the Company’s 2017 Annual Report. As of March 30, 2018, approximately 61 million shares of the Company’s common stock were reserved for issuance under the 2007 Omnibus Incentive Plan.
The following summarizes the components of the Company’s stock-based compensation expense ($ in millions):
 
Three-Month Period Ended
 
March 30, 2018
 
March 31, 2017
Restricted stock units (“RSUs”)/performance stock units (“PSUs”):
 
 
 
Pretax compensation expense
$
20.9

 
$
21.6

Income tax benefit
(4.4
)
 
(6.7
)
RSU/PSU expense, net of income taxes
16.5

 
14.9

Stock options:
 
 
 
Pretax compensation expense
12.4

 
12.0

Income tax benefit
(2.6
)
 
(3.8
)
Stock option expense, net of income taxes
9.8

 
8.2

Total stock-based compensation:
 
 
 
Pretax compensation expense
33.3

 
33.6

Income tax benefit
(7.0
)
 
(10.5
)
Total stock-based compensation expense, net of income taxes
$
26.3

 
$
23.1


Stock-based compensation has been recognized as a component of selling, general and administrative expenses in the accompanying Consolidated Condensed Statements of Earnings. As of March 30, 2018, $213 million of total unrecognized compensation cost related to RSUs/PSUs is expected to be recognized over a weighted average period of approximately three years. As of March 30, 2018, $177 million of total unrecognized compensation cost related to stock options is expected to be recognized over a weighted average period of approximately three years. Future compensation amounts will be adjusted for any changes in estimated forfeitures.