Stock Transactions And Stock-Based Compensation (Tables)

6 Months Ended

Jun. 28, 2019

Share-based Payment Arrangement [Abstract]

Summary of Share Activity

The following table summarizes the Company’s share activity (shares in millions):

	Three-Month Period Ended		Six-Month Period Ended
	June 28, 2019	June 29, 2018	June 28, 2019	June 29, 2018
Preferred stock - shares issued:
Balance, beginning of period	1.7	—	—	—
Issuance of Mandatory Convertible Preferred Stock	—	—	1.7	—
Balance, end of period	1.7	—	1.7	—
Common stock - shares issued:
Balance, beginning of period	832.5	814.8	817.9	812.5
Common stock-based award activity	1.1	0.9	3.1	2.8
Common stock issued in connection with acquisitions	—	0.2	—	0.2
Common stock issued in connection with LYONs’ conversions	0.4	0.1	0.9	0.5
Issuance of common stock	—	—	12.1	—
Balance, end of period	834.0	816.0	834.0	816.0

Components Of Stock-Based Compensation Program

The following summarizes the components of the Company’s stock-based compensation expense ($ in millions):

	Three-Month Period Ended						Six-Month Period Ended
	June 28, 2019			June 29, 2018			June 28, 2019			June 29, 2018
Restricted stock units (“RSUs”)/performance stock units (“PSUs”):
Pretax compensation expense	$	27.9		$	24.7		$	52.2		$	45.6
Income tax benefit	(5.8		)	(5.2		)	(10.9		)	(9.6		)
RSU/PSU expense, net of income taxes	22.1			19.5			41.3			36.0
Stock options:
Pretax compensation expense	18.3			15.4			33.2			27.8
Income tax benefit	(3.8		)	(3.3		)	(7.0		)	(5.9		)
Stock option expense, net of income taxes	14.5			12.1			26.2			21.9
Total stock-based compensation:
Pretax compensation expense	46.2			40.1			85.4			73.4
Income tax benefit	(9.6		)	(8.5		)	(17.9		)	(15.5		)
Total stock-based compensation expense, net of income taxes	$	36.6		$	31.6		$	67.5		$	57.9