STOCK COMPENSATION PLAN (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Compensation Costs

The following table summarizes our stock compensation costs:

	For the Three Months Ended				For the Six Months Ended
In millions of dollars	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
Total compensation amount charged against income for stock options, performance stock units (“PSUs”) and restricted stock units ("RSUs")	$	13.5	$	13.1	$	26.0	$	24.6
Total income tax benefit recognized in the Consolidated Statements of Income for share-based compensation	$	4.8	$	4.4	$	9.1	$	8.5

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the status of our stock options as of June 30, 2013, and the change during 2013 is presented below:

	For the Six Months Ended June 30, 2013
Stock Options	Shares		Weighted-Average Exercise Price	Weighted-Average Remaining Contractual Term
Outstanding at beginning of the period	10,553,914		$48.08	6.1 years
Granted	1,726,264		$81.67
Exercised	(2,546,543	)	$45.03
Forfeited	(195,478	)	$62.56
Outstanding as of June 30, 2013	9,538,157		$54.69	6.6 years
Options exercisable as of June 30, 2013	5,011,032		$46.24	4.9 years

Fair Value and Intrinsic Value of Options

	For the Six Months Ended
	June 30, 2013	July 1, 2012
Weighted-average fair value of options granted (per share)	$14.40	$10.57
Intrinsic value of options exercised (in millions of dollars)	$96.7	$86.2

Fair Value of Each Stock Option Grant

We estimated the fair value of each stock option grant on the date of the grant using a Black-Scholes option-pricing model and the weighted-average assumptions set forth in the following table:

	For the Six Months Ended
	June 30, 2013		July 1, 2012
Dividend yields	2.2	%	2.4	%
Expected volatility	22.2	%	22.4	%
Risk-free interest rates	1.4	%	1.5	%
Expected lives in years	6.6		6.6

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the status of our PSUs and RSUs as of June 30, 2013, and the change during 2013 is presented below:

Performance Stock Units and Restricted Stock Units	For the Six Months Ended June 30, 2013		Weighted-average grant date fair value for equity awards or market value for liability awards
Outstanding at beginning of year	1,720,577		$56.71
Granted	353,776		$87.89
Performance assumption change	129,965		$83.40
Vested	(708,725	)	$49.24
Forfeited	(71,092	)	$70.10
Outstanding as of June 30, 2013	1,424,501		$71.41

Schedule Of Share Based Payment Award Market Based Total Shareholder Return Valuation Assumptions

The following table sets forth information about the fair value of the PSUs and RSUs granted for potential future distribution to employees and directors during the year. In addition, the table provides assumptions used to determine the fair value of the market-based total shareholder return component of the PSU grants using a Monte Carlo simulation model on the date of grant:

	For the Six Months Ended
	June 30, 2013			July 1, 2012
Units granted	353,776			394,290
Weighted-average fair value at date of grant	$	87.89		$	63.09
Monte Carlo simulation assumptions:
Estimated values	$	55.49		$	35.62
Dividend yields	2.0		%	2.5		%
Expected volatility	17.1		%	20.0		%

Share Based Compensation Arrangement By Share Based Payment Award Intrinsic Value Of Share Based Liabilities Paid Combined With Fair Value Of Shares Vested

	For the Six Months Ended
	June 30, 2013		July 1, 2012
Intrinsic value of share-based liabilities paid, combined with the fair value of shares vested (in millions of dollars)	$	58.2	$	33.3