LONG-TERM INCENTIVE COMPENSATION (Tables)

12 Months Ended

Dec. 29, 2018

Long-Term Incentive Compensation

Summary of stock-based compensation expense and the related recognized tax benefit

(In millions)	2018		2017		2016
Stock-based compensation expense	$	34.3	$	30.2	$	27.2
Tax benefit		4.7		4.3		8.5

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

	2016
Risk-free interest rate		1.75	%
Expected stock price volatility		24.58	%
Expected dividend yield		2.58	%
Expected option term		6.5 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 30, 2017	543.6		$	44.22	4.94	$	38.4
Exercised	(32.0	)		30.69
Outstanding at December 29, 2018	511.6		$	45.06	4.00	$	22.4
Options vested and expected to vest at December 29, 2018	503.6			44.60	3.95		22.3
Options exercisable at December 29, 2018	370.5		$	34.06	2.70	$	20.3

Performance Units (PUs)

Long-Term Incentive Compensation

Information related to awarded PUs

	Number of PUs (in thousands)			Weighted- average grant-date fair value
Unvested at December 30, 2017		485.1		$	68.15
Granted at target		121.6			120.25
Adjustment for above-target performance(1)		112.9			50.55
Vested		(236.4	)		50.53
Forfeited/cancelled		(30.4	)		79.41
Unvested at December 29, 2018		452.8		$	86.20

(1) Reflects adjustments for the vesting of awards based on above-target performance for the 2015-2017 performance period.

Market-leveraged stock units (MSUs)

Long-Term Incentive Compensation

Information related to awarded MSUs

	Number of MSUs (in thousands)			Weighted- average grant-date fair value
Unvested at December 30, 2017		403.6		$	70.07
Granted at target		118.0			117.75
Adjustments for above-target performance(1)		177.9			63.75
Vested		(373.9	)		64.24
Forfeited/cancelled		(22.0	)		80.38
Unvested at December 29, 2018		303.6		$	90.33

(1) Reflects adjustments for the vesting of awards based on above-target performance for each of the tranches of awards vesting in 2018.

Restricted Stock Units (RSUs)

Long-Term Incentive Compensation

Summary of information related to awarded RSUs

	Number of RSUs (in thousands)			Weighted- average grant-date fair value
Unvested at December 30, 2017		140.4		$	72.62
Granted		22.9			106.44
Vested		(72.4	)		69.80
Forfeited/cancelled		(2.2	)		68.41
Unvested at December 29, 2018		88.7		$	83.72