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Share-Based Awards (Tables)
 12 Months Ended
Dec. 29, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Total Compensation Expense Related to Stock Options, Restricted Stock Units and Stock Performance Awards
Total compensation expense related to stock options, restricted stock units, including those awards made to non-employee members of its Board of Directors, and stock performance awards during 2024, 2023 and 2022 was $50.8 million, $71.9 million and $81.3 million, respectively, and was recorded as follows:
(In millions)202420232022
Product development$10.2 $7.0 $4.8 
Selling, distribution and administration 40.6 64.9 76.5 
Total stock compensation expense before income taxes50.8 71.9 81.3 
Income tax benefit7.2 9.2 9.0 
Total stock compensation expense after income taxes$43.6 $62.7 $72.3 
The following table represents total stock compensation expense, net of performance adjustments, by award type related to stock performance awards, restricted stock units, stock options and awards made to non-employee members of the Company’s Board of Directors:
(In millions)202420232022
Stock performance awards$(6.4)$15.8 $9.6 
Restricted stock units51.0 47.8 60.7 
Stock options4.4 7.0 8.9 
Non-employee awards1.8 1.3 2.1 
Total stock compensation expense before income taxes50.8 71.9 81.3 
Income tax benefit7.2 9.2 9.0 
Total compensation expense after income taxes$43.6 $62.7 $72.3 
Schedule of Stock Performance Awards
Information with respect to Stock Performance Awards is as follows:
(In millions, except per share data)202420232022
Outstanding at beginning of year1.0 0.8 0.7 
Granted0.3 0.7 0.4 
Forfeited(0.3)(0.2)(0.1)
Canceled— (0.1)— 
Vested(0.1)(0.2)(0.2)
Outstanding at end of year0.9 1.0 0.8 
Weighted average grant-date fair value:
Granted$51.65 $56.00 $88.77 
Forfeited$61.35 $74.06 $80.77 
Canceled$— $56.49 $— 
Vested$96.07 $56.49 $86.90 
Outstanding at end of year$61.07 $70.15 $78.15 
Schedule of Restricted Stock Awards and Restricted Stock Units
Information with respect to the remaining Restricted Stock Awards and Restricted Stock Units for is as follows:
(In millions, except per share data)202420232022
Outstanding at beginning of year1.6 1.2 1.1 
Granted1.8 1.2 0.7 
Forfeited(0.4)(0.2)(0.1)
Vested(0.6)(0.6)(0.5)
Outstanding at end of year2.4 1.6 1.2 
Weighted average grant-date fair value:
Granted$53.18 56.80 86.41 
Forfeited$59.90 74.22 91.18 
Vested$70.13 90.32 91.33 
Outstanding at end of year$56.04 66.08 88.85 
Schedule of Stock Option Information
Information with respect to stock options is as follows:
(In millions, except per share data)202420232022
Outstanding at beginning of year2.3 1.8 2.9 
Granted— 1.4 0.6 
Exercised(0.1)— (0.8)
Expired or forfeited(0.7)(0.9)(0.9)
Outstanding at end of year1.5 2.3 1.8 
Exercisable at end of year1.0 0.9 0.8 
Weighted average exercise price:
Granted$— $55.92 $94.89 
Exercised$55.78 $— $85.60 
Expired or forfeited$77.13 $81.22 $97.16 
Outstanding at end of year$76.11 $75.24 $93.62 
Exercisable at end of year$83.94 $93.96 $92.95 
Schedule of Share-based Payment Award, Stock Option, Valuation Assumptions The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in the fiscal years 2024, 2023, and 2022:
202420232022
Risk-free interest rate4.46 %4.44 %1.79 %
Expected dividend yield4.63 %4.95 %2.95 %
Expected volatility33 %38 %37 %
Expected option life3 years3 years4 years