Share-Based Compensation Plans

6 Months Ended

Jun. 27, 2020

Share-based Payment Arrangement [Abstract]

Compensation expense for the Company’s share-based plans was as follows:


	Three Months Ended						Six Months Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Share-based compensation expense included in:
Costs of sales	$	4	$	3	$	9	$	7
Selling, general and administrative expenses	18		15		39		31
Research and development expenditures	9		12		21		19
Share-based compensation expense included in Operating earnings	31		30		69		57
Tax benefit	(5)		(5)		(11)		(10)
Share-based compensation expense, net of tax	$	26	$	25	$	58	$	47
Decrease in basic earnings per share	$	(0.15)	$	(0.15)	$	(0.34)	$	(0.29)
Decrease in diluted earnings per share	$	(0.15)	$	(0.14)	$	(0.33)	$	(0.27)

During the six months ended June 27, 2020, the Company granted 0.4 million restricted stock units ("RSUs"), 0.03 million performance stock units ("PSUs") and 0.1 million market stock units ("MSUs") with an aggregate grant-date fair value of $51 million, $7 million, and $9 million, respectively, and 0.1 million stock options and 0.1 million performance options ("POs") with an aggregate grant-date fair value of $6 million and $9 million, respectively. The share-based compensation expense will generally be recognized over the vesting period of three years.

During the six months ended June 27, 2020, the Company granted 0.03 million shares of restricted stock in connection with the acquisition of a cybersecurity services business, for an aggregate grant-date fair value of $6 million related to compensation withheld from the purchase prices that will be expensed over an average service period of two years.