XML 50 R36.htm IDEA: XBRL DOCUMENT v3.22.0.1
LONG-TERM INCENTIVE COMPENSATION (Tables)
 12 Months Ended
Jan. 01, 2022
Long-Term Incentive Compensation  
Summary of stock-based compensation expense and the related recognized tax benefit
 
(In millions)
   
2021
     
2020
     
2019
  
Stock-based compensation expense
    $ 37.2      $ 24.0      $ 34.5  
Tax benefit
      4.6        2.9        4.3  
Stock Options  
Long-Term Incentive Compensation  
Summary of 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 January 2, 2021
      162.1     $ 68.84        4.86      $ 14.0  
Exercised
      (20.1 )     34.19     
 
 
 
   
 
 
 
Outstanding at January 1, 2022
      142.0     $ 73.76        4.40      $ 20.3  
Options vested and expected to vest at January 1, 2022
      142.0       73.76        4.40        20.3  
Options exercisable at January 1, 2022
      142.0     $ 73.76        4.40      $ 20.3  
Performance Units (PS)  
Long-Term Incentive Compensation  
Summary of information related to awarded PUs
 
  
 
   
Number of
PUs
(in thousands)
    
Weighted
average
grant-date

fair value
  
Unvested at January 2, 2021
      356.6     $ 112.31  
Granted at target
      73.1       191.86  
Adjustment for above-target performance
(1)
      54.3       122.96  
Vested
      (156.1 )      122.96  
Forfeited/cancelled
      (5.8 )      132.92  
     
Unvested at January 1, 2022
      322.1     $ 127.33  
Market-leveraged stock units (MSUs)  
Long-Term Incentive Compensation  
Summary of information related to awarded MSUs
 
  
 
   
Number of
MSUs
(in thousands)
    
Weighted
average
grant-
date fair
value
  
Unvested at January 2, 2021
      235.9     $ 110.89  
Granted at target
      61.2       216.06  
Adjustments for above-target performance
(1)
      62.7       113.24  
Vested
      (160.1 )      110.99  
Forfeited/cancelled
      (4.5 )      141.78  
     
Unvested at January 1, 2022
      195.2     $ 143.16  
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 January 2, 2021
      51.4     $ 109.47  
Granted
      11.2       196.26  
Vested
      (26.1 )      104.70  
Forfeited/cancelled
      (.4 )      108.44  
Unvested at January 1, 2022
      36.1     $ 139.82