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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2011
Stock-Based Compensation 
Assumptions Used In The Black-Scholes Model To Value Options Granted

Risk-free interest rate

   1.90 – 3.19%

Weighted average volatility

   27.3%

Dividend yield

   0.20%

Expected years until exercise

   6to 8.5
Components Of Share-Based Compensation Program
     Three Months Ended     Nine Months Ended  
     September 30,
2011
    October 1,
2010
    September 30,
2011
    October 1,
2010
 

Restricted stock units and restricted shares:

        

Pre-tax compensation expense

   $ 13.6      $ 9.9      $ 34.0      $ 23.3   

Tax benefit

     (5.1     (3.7     (12.7     (8.7
  

 

 

   

 

 

   

 

 

   

 

 

 

Restricted stock unit and restricted share expense, net of tax benefit

   $ 8.5      $ 6.2      $ 21.3      $ 14.6   
  

 

 

   

 

 

   

 

 

   

 

 

 

Stock options:

        

Pre-tax compensation expense

   $ 12.1      $ 15.2      $ 37.6      $ 42.7   

Tax benefit

     (3.6     (4.6     (10.9     (12.6
  

 

 

   

 

 

   

 

 

   

 

 

 

Stock option expense, net of tax benefit

   $ 8.5      $ 10.6      $ 26.7      $ 30.1   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total share-based compensation expense:

        

Pre-tax compensation expense

   $ 25.7      $ 25.1      $ 71.6      $ 66.0   

Tax benefit

     (8.7     (8.3     (23.6     (21.3
  

 

 

   

 

 

   

 

 

   

 

 

 

Total share-based compensation expense, net of tax benefit

   $ 17.0      $ 16.8      $ 48.0      $ 44.7   
  

 

 

   

 

 

   

 

 

   

 

 

 
Option Activity Under The Company's Stock Plans
     Shares
(in thousands)
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
(in Years)
     Aggregate
Intrinsic
Value
($ in millions)
 

Outstanding at December 31, 2010

     34,820      $ 30.31         

Granted

     3,466      $ 50.15         

Exercised

     (3,012   $ 25.52         

Cancelled / Forfeited

     (1,389   $ 35.07         
  

 

 

   

 

 

       

Outstanding at September 30, 2011

     33,885      $ 32.57         6       $ 346   
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested and Expected to Vest at September 30, 2011

     33,026      $ 32.33         6       $ 343   
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested and Exercisable at September 30, 2011

     20,456      $ 28.44         4       $ 276   
  

 

 

   

 

 

    

 

 

    

 

 

 
RSU And Restricted Stock Activity
     Number of
RSUs /
Restricted
Shares
(in thousands)
    Weighted-Average
Grant-Date Fair
Value
 

Unvested at December 31, 2010

     5,153      $ 33.77   

Granted

     1,410      $ 50.15   

Vested and issued

     (321   $ 34.67   

Cancelled / Forfeited

     (279   $ 34.51   
  

 

 

   

Unvested at September 30, 2011

     5,963      $ 37.56