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Share-Based Compensation Plans (Tables)
 6 Months Ended
Jun. 29, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Compensation Expense
Compensation expense for the Company’s share-based plans was as follows: 
 
Three Months Ended
 
Six Months Ended
  
June 29,
2019
 
June 30,
2018
 
June 29,
2019
 
June 30,
2018
Share-based compensation expense included in:
 
 
 
 
 
 
 
Costs of sales
$
3

 
$
2

 
$
7

 
$
5

Selling, general and administrative expenses
15

 
11

 
31

 
21

Research and development expenditures
12

 
4

 
19

 
8

Share-based compensation expense included in Operating earnings
30

 
17

 
57

 
34

Tax benefit
(5
)
 
(4
)
 
(10
)
 
(8
)
Share-based compensation expense, net of tax
$
25

 
$
13

 
$
47

 
$
26

Decrease in basic earnings per share
$
(0.15
)
 
$
(0.08
)
 
$
(0.29
)
 
$
(0.16
)
Decrease in diluted earnings per share
$
(0.14
)
 
$
(0.08
)
 
$
(0.27
)
 
$
(0.15
)
Share-based Compensation Fair Value Assumption
The Company calculates the value of each PSU using the Monte Carlo simulation, estimated on the date of grant. Each PSU was granted with a fair value of $203.61. The following assumptions were used for the calculations.
 
2019 PSUs
Expected volatility of common stock
20.6
%
Expected volatility of the S&P 500
25.0
%
Risk-free interest rate
2.2
%
Dividend yield
1.6
%