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Stock Compensation (Tables)
3 Months Ended
Apr. 01, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Expense for Equity-Based Programs and Related Income Tax Benefits
 
Quarter ended
(millions)
April 1, 2017
April 2, 2016
Pre-tax compensation expense
$
18

$
16

Related income tax benefit
$
6

$
6

Summary of Stock Option Activity
Quarter ended April 1, 2017:
 
Employee and director stock options
Shares (millions)
Weighted-
average
exercise price
Weighted-
average
remaining
contractual term (yrs.)
Aggregate
intrinsic
value (millions)
 
 
Outstanding, beginning of period
15

$
62

 
 
 
Granted
2

73

 
 
 
Exercised
(1
)
56

 
 
 
Forfeitures and expirations


 
 
 
Outstanding, end of period
16

$
64

7.2
$
147

 
Exercisable, end of period
11

$
60

6.3
$
140


Quarter ended April 2, 2016:
 
Employee and director stock options
Shares (millions)
Weighted-
average
exercise price
Weighted-
average
remaining
contractual term (yrs.)
Aggregate
intrinsic
value (millions)
 
 
Outstanding, beginning of period
19

$
58

 
 
 
Granted
3

76

 
 
 
Exercised
(3
)
55

 
 
 
Forfeitures and expirations


 
 
 
Outstanding, end of period
19

$
61

7.4
$
306

 
Exercisable, end of period
12

$
57

6.4
$
242

Schedule of Fair Value Assumptions
 
Weighted-
average
expected
volatility
Weighted-
average
expected
term
(years)
Weighted-
average
risk-free
interest
rate
Dividend
yield
Grants within the quarter ended April 1, 2017:
18
%
6.6
2.26
%
2.80
%
Grants within the quarter ended April 2, 2016:
17
%
6.9
1.60
%
2.60
%
Maximum Future Value of Performance Shares
(millions)
April 1, 2017
2015 Award
$
23

2016 Award
$
26

2017 Award
$
27

Schedule of Restricted Stock Activity
Quarter ended April 1, 2017:
Employee restricted stock and restricted stock units
Shares (thousands)
Weighted-average grant-date fair value
Non-vested, beginning of year
1,166

$
63

Granted
629

67

Vested
(25
)
55

Forfeited
(22
)
64

Non-vested, end of period
1,748

$
65


Quarter ended April 2, 2016:
Employee restricted stock and restricted stock units
Shares (thousands)
Weighted-average grant-date fair value
Non-vested, beginning of year
806

$
58

Granted
547

70

Vested
(47
)
55

Forfeited
(15
)
56

Non-vested, end of period
1,291

$
63