LONG-TERM INCENTIVE COMPENSATION (Tables)

12 Months Ended

Dec. 28, 2013

LONG-TERM INCENTIVE COMPENSATION

Summary of stock-based compensation expense from continuing operations and the total recognized tax benefit related to this expense

(In millions)	2013		2012		2011
Stock-based compensation expense	$	32.3	$	35.8	$	36.4
Tax benefit		10.8		12.5		12.5

Schedule of weighted-average assumptions of options granted during the year

	2013			2012			2011
Risk-free interest rate		1.04	%		1.82	%		2.22	%
Expected stock price volatility		27.17	%		32.81	%		30.70	%
Expected dividend yield		3.40	%		3.30	%		2.76	%
Expected option term		6.2 years			6.0 years			6.2 years

Schedule of stock option activity

	Number of options (in thousands)		Weighted-average exercise price		Weighted-average remaining contractual life (in years)	Aggregate intrinsic value (in millions)
Outstanding at December 29, 2012	11,376.9		$	43.93	5.59	$	28.0
Granted	.8			40.33
Exercised	(1,668.1	)		27.01
Forfeited or expired	(1,818.4	)		51.19
Outstanding at December 28, 2013	7,891.2		$	45.85	4.27	$	69.0
Options vested and expected to vest at December 28, 2013	7,608.9			46.30	4.15		64.2
Options exercisable at December 28, 2013	6,230.4		$	49.08	3.41	$	40.8

Performance Units (PS)

Stock-Based Compensation

Summary of information related to awarded

	Number of PUs (in thousands)			Weighted- average grant-date fair value
Unvested at December 29, 2012		1,001.2		$	35.20
Granted at target		208.5			52.93
Granted for above-target performance (1)		57.5			30.87
Vested		(328.8	)		29.71
Forfeited/cancelled		(143.2	)		37.78
Unvested at December 28, 2013		795.2		$	41.32

(1)

Reflects awards granted in excess of target as a result of our achieving above-target performance for the 2010 - 2012 performance period.

Market-leveraged stock units (MSUs)

Stock-Based Compensation

Summary of information related to awarded

	Number of MSUs (in thousands)		Weighted- average grant-date fair value
Unvested at December 29, 2012	–		$	–
Granted at target	346.6			51.40
Vested	–			–
Forfeited/cancelled	(16.5	)		51.56
Unvested at December 28, 2013	330.1		$	51.40

Restricted Stock Units (RSUs)

Stock-Based Compensation

Summary of information related to awarded

	Number of RSUs (in thousands)		Weighted- average grant-date fair value
Unvested at December 29, 2012	1,352.2		$	29.68
Granted	59.9			38.72
Vested	(548.6	)		29.06
Forfeited/cancelled	(182.5	)		29.77
Unvested at December 28, 2013	681.0		$	31.06