Stock Transactions And Stock-Based Compensation (Tables)

9 Months Ended

Sep. 27, 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		Nine-Month Period Ended
	September 27, 2019	September 28, 2018	September 27, 2019	September 28, 2018
Preferred stock - shares issued:
Balance, beginning of period	1.7	—	—	—
Issuance of MCPS	—	—	1.7	—
Balance, end of period	1.7	—	1.7	—
Common stock - shares issued:
Balance, beginning of period	834.0	816.0	817.9	812.5
Common stock-based award activity	1.0	1.2	4.1	4.0
Common stock issued in connection with acquisitions	—	—	—	0.2
Common stock issued in connection with LYONs’ conversions	—	—	0.9	0.5
Issuance of common stock	—	—	12.1	—
Balance, end of period	835.0	817.2	835.0	817.2

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						Nine-Month Period Ended
	September 27, 2019			September 28, 2018			September 27, 2019			September 28, 2018
RSUs/PSUs:
Pretax compensation expense	$	27.6		$	24.0		$	79.8		$	69.6
Income tax benefit	(5.7		)	(5.0		)	(16.6		)	(14.6		)
RSU/PSU expense, net of income taxes	21.9			19.0			63.2			55.0
Stock options:
Pretax compensation expense	17.0			14.2			50.2			42.0
Income tax benefit	(3.5		)	(3.0		)	(10.5		)	(8.9		)
Stock option expense, net of income taxes	13.5			11.2			39.7			33.1
Total stock-based compensation:
Pretax compensation expense	44.6			38.2			130.0			111.6
Income tax benefit	(9.2		)	(8.0		)	(27.1		)	(23.5		)
Total stock-based compensation expense, net of income taxes	$	35.4		$	30.2		$	102.9		$	88.1