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Stock Transactions And Stock-Based Compensation (Tables)
 9 Months Ended
Oct. 02, 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 EndedNine-Month Period Ended
October 2, 2020September 27, 2019October 2, 2020September 27, 2019
Preferred stock - shares issued:
Balance, beginning of period3.4 1.7 1.7 — 
Issuance of MCPS— — 1.7 1.7 
Balance, end of period3.4 1.7 3.4 1.7 
Common stock - shares issued:
Balance, beginning of period849.5 834.0 835.5 817.9 
Common stock-based compensation awards1.1 1.0 3.9 4.1 
Common stock issued in connection with LYONs’ conversions— — 0.3 0.9 
Issuance of common stock— — 10.9 12.1 
Balance, end of period850.6 835.0 850.6 835.0 
Key Terms of Shares
The following summarizes the key terms of the MCPS Shares:
Annual Cumulative Dividend RateLiquidation Preference per shareMinimum Conversion RateMaximum Conversion RateMandatory Conversion Date
Series A4.75 %$1,000 6.6556 shares8.1530 sharesApril 15, 2022
Series B5.00 %$1,000 5.0081 shares6.1349 sharesApril 15, 2023
Components Of Stock-Based Compensation Program
The following summarizes the components of the Company’s stock-based compensation expense ($ in millions):
 Three-Month Period EndedNine-Month Period Ended
 October 2, 2020September 27, 2019October 2, 2020September 27, 2019
Restricted stock units (“RSUs”)/performance stock units (“PSUs”):
Pretax compensation expense$27.6 $25.4 $83.2 $72.0 
Income tax benefit(5.9)(5.3)(17.2)(14.9)
RSU/PSU expense, net of income taxes21.7 20.1 66.0 57.1 
Stock options:
Pretax compensation expense17.7 15.6 53.9 45.5 
Income tax benefit(3.6)(3.4)(11.0)(9.5)
Stock option expense, net of income taxes14.1 12.2 42.9 36.0 
Total stock-based compensation:
Pretax compensation expense45.3 41.0 137.1 117.5 
Income tax benefit(9.5)(8.7)(28.2)(24.4)
Total stock-based compensation expense, net of income taxes$35.8 $32.3 $108.9 $93.1