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Stock Compensation (Tables)

6 Months Ended

Jun. 29, 2013

Schedule of Compensation Expense for Equity Programs and Related Tax Benefits [Table Text Block]


		Quarter ended				Year-to-date period ended
(millions)		June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Pre-tax compensation expense	$	12	$	10	$	21	$	22
Related income tax benefit	$	5	$	4	$	8	$	8

Summary of Share-based Compensation [Table Text Block]

Year-to-date period ended June 29, 2013:
				Weighted-
			Weighted-	average		Aggregate
			average	remaining		intrinsic
	Shares		exercise	contractual		value
Employee and director stock options	(millions)		price	term (yrs.)		(millions)
Outstanding, beginning of period	25	$	50
Granted	6		60
Exercised	(9)		48
Forfeitures and expirations	(1)		54
Outstanding, end of period	21	$	53	7.4	$	231
Exercisable, end of period	10	$	50	5.8	$	150

Year-to-date period ended June 30, 2012:
				Weighted-
			Weighted-	average		Aggregate
			average	remaining		intrinsic
	Shares		exercise	contractual		value
Employee and director stock options	(millions)		price	term (yrs.)		(millions)
Outstanding, beginning of period	24	$	48
Granted	6		53
Exercised	(1)		42
Forfeitures and expirations	(1)		53
Outstanding, end of period	28	$	49	6.6	$	58
Exercisable, end of period	18	$	47	5.3	$	58

Schedule of Stock Option Valuation Model Assumptions for Grants [Table Text Block]

	Weighted-average expected volatility	Weighted-average expected term (years)	Weighted-average risk-free interest rate	Dividend yield
Grants within the year-to-date period ended June 29, 2013:	15%	7.44	1.49%	2.90%
Grants within the year-to-date period ended June 30, 2012:	16%	7.53	1.60%	3.30%

Maximum Future Value of Performance Shares [Table Text Block]

(millions)		June 29, 2013
2011 Award	$	15
2012 Award	$	26
2013 Award	$	29

The 2010 performance share award, payable in stock, was settled at 40% of target in February 2013 for a total dollar
equivalent of $4 million.

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details