Stock Transactions And Stock-Based Compensation (Tables)

3 Months Ended

Apr. 03, 2020

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
	April 3, 2020	March 29, 2019
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	835.5	817.9
Common stock-based compensation awards	1.8	2.0
Common stock issued in connection with LYONs’ conversions	—	0.5
Issuance of common stock	—	12.1
Balance, end of period	837.3	832.5

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
	April 3, 2020			March 29, 2019
Restricted stock units (“RSUs”)/performance stock units (“PSUs”):
Pretax compensation expense	$	27.6		$	21.7
Income tax benefit	(5.7		)	(4.5		)
RSU/PSU expense, net of income taxes	21.9			17.2
Stock options:
Pretax compensation expense	17.6			13.4
Income tax benefit	(3.6		)	(2.8		)
Stock option expense, net of income taxes	14.0			10.6
Total stock-based compensation:
Pretax compensation expense	45.2			35.1
Income tax benefit	(9.3		)	(7.3		)
Total stock-based compensation expense, net of income taxes	$	35.9		$	27.8