Share-Based Compensation Plans

6 Months Ended

Jun. 29, 2024

Share-Based Payment Arrangement [Abstract]

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


	Three Months Ended				Six Months Ended
	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Share-based compensation expense included in:
Costs of sales	$	12	$	10	$	24	$	20
Selling, general and administrative expenses	35		29		64		59
Research and development expenditures	16		14		31		29
Share-based compensation expense included in Operating earnings	63		53		119		108
Tax benefit	(13)		(11)		(24)		(22)
Share-based compensation expense, net of tax	$	50	$	42	$	95	$	86
Decrease in basic earnings per share	$	(0.30)	$	(0.25)	$	(0.57)	$	(0.51)
Decrease in diluted earnings per share	$	(0.29)	$	(0.24)	$	(0.56)	$	(0.50)

During the six months ended June 29, 2024, the Company granted 0.5 million RSUs, 0.1 million performance stock units (PSUs) and 0.04 million market stock units (MSUs) with an aggregate grant-date fair value of $174 million, $25 million and $14 million, respectively, and 0.1 million stock options and 0.1 million performance options (POs) with an aggregate grant-date fair value of $8 million and $14 million, respectively. The share-based compensation expense will generally be recognized over the vesting period of three years.