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Stock Transactions And Stock-Based Compensation (Tables)
 6 Months Ended
Jul. 02, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Share Activity
The following table summarizes the Company’s share activity (shares in millions):
Three-Month Period EndedSix-Month Period Ended
July 2, 2021July 3, 2020July 2, 2021July 3, 2020
Preferred stock - shares issued:
Balance, beginning of period3.4 1.7 3.4 1.7 
Issuance of MCPS— 1.7 — 1.7 
Balance, end of period3.4 3.4 3.4 3.4 
Common stock - shares issued:
Balance, beginning of period853.7 837.3 851.3 835.5 
Common stock-based compensation awards0.7 1.0 2.2 2.8 
Common stock issued in connection with LYONs’ conversions— 0.3 0.9 0.3 
Issuance of common stock— 10.9 — 10.9 
Balance, end of period854.4 849.5 854.4 849.5 
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 6.6590 shares8.1572 sharesApril 15, 2022
Series B5.00 %$1,000 5.0094 shares6.1364 sharesApril 15, 2023
Components Of Stock-Based Compensation Program
The following summarizes the components of the Company’s stock-based compensation expense ($ in millions):
 Three-Month Period EndedSix-Month Period Ended
 July 2, 2021July 3, 2020July 2, 2021July 3, 2020
Restricted stock units (“RSUs”)/performance stock units (“PSUs”):
Pretax compensation expense$31 $28 $64 $56 
Income tax benefit(6)(6)(13)(12)
RSU/PSU expense, net of income taxes25 22 51 44 
Stock options:
Pretax compensation expense22 19 43 36 
Income tax benefit(5)(4)(9)(7)
Stock option expense, net of income taxes17 15 34 29 
Total stock-based compensation:
Pretax compensation expense53 47 107 92 
Income tax benefit(11)(10)(22)(19)
Total stock-based compensation expense, net of income taxes$42 $37 $85 $73