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LONG-TERM INCENTIVE COMPENSATION (Tables)
12 Months Ended
Dec. 28, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense and the Related Recognized Tax Benefit
Stock-based compensation expense and the related recognized tax benefit were as follows:
(In millions)202420232022
Stock-based compensation expense$28.7 $22.3 $47.4 
Tax benefit2.6 2.4 6.7 
Schedule of Information Related to Stock Options
The following table summarizes information related to stock options:
Number of
options
(in thousands)
Weighted average
exercise price
Weighted average
remaining
contractual life
(in years)
Aggregate
intrinsic value
(in millions)
Outstanding at December 30, 2023204.1 $109.92 4.36$18.7 
Exercised(141.1)73.96 
Outstanding at December 28, 202463.0 $190.54 8.68$— 
Options vested and expected to vest at December 28, 202454.8 190.54 8.68— 
Options exercisable at December 28, 2024— $— $— 
Schedule of Information Related to Awarded PUs
The following table summarizes information related to awarded PUs:
Number of
 PUs
(in thousands)
Weighted
 average
grant-date
 fair value
Unvested at December 30, 2023300.7 $174.54 
Granted at target68.3 224.82 
Adjustment for above-target performance(1)
37.7 197.75 
Vested(104.2)197.75 
Forfeited/cancelled(10.4)184.82 
Unvested at December 28, 2024292.1 $181.94 
(1) Reflects adjustments for above-target performance for the 2021-2023 PUs.
Schedule of Information Related to Awarded MSUs
The following table summarizes information related to awarded MSUs:
Number of
MSUs
(in thousands)
Weighted
average
grant-
date fair
value
Unvested at December 30, 2023195.5 $167.16 
Granted at target55.2 259.75 
Adjustments for above-target performance(1)
20.6 129.76 
Vested(99.2)147.25 
Forfeited/cancelled(8.4)198.29 
Unvested at December 28, 2024163.7 $202.83 
(1) Reflects adjustments for above-target performance for each of the tranches of MSUs vesting in 2024.
Schedule of Information Related to Awarded RSUs
The following table summarizes information related to awarded RSUs:
Number of
RSUs
(in thousands)
Weighted
average
grant-date
fair value
Unvested at December 30, 202366.5 $171.68 
Granted53.7 210.74 
Vested(18.4)175.42 
Forfeited/cancelled(6.9)196.80 
Unvested at December 28, 202494.9 $191.22