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CAPITAL STOCK (Tables)
 12 Months Ended
Dec. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Reconciliation of Net Earnings Attributable to Common Shareholders and Weighted Average Shares Outstanding used to Calculate Basic and Diluted Earnings Per Share
The following table reconciles net earnings attributable to common shareowners and the weighted-average shares outstanding used to calculate basic and diluted earnings per share for the fiscal years ended December 29, 2018, December 30, 2017, and December 31, 2016.
 
2018
 
2017
 
2016
Numerator (in millions):
 
 
 
 
 
Net Earnings Attributable to Common Shareowners1
$
605.2

 
$
1,227.3

 
$
968.0

Denominator (in thousands):
 
 
 
 
 
Basic weighted-average shares outstanding
148,919

 
149,629

 
146,041

Dilutive effect of stock contracts and awards
2,724

 
2,820

 
2,166

Diluted weighted-average shares outstanding
151,643

 
152,449

 
148,207

Earnings per share of common stock1:
 
 
 
 
 
Basic
$
4.06

 
$
8.20

 
$
6.63

Diluted
$
3.99

 
$
8.05

 
$
6.53
Weighted-Average Stock Options, Warrants and Equity Purchase Contracts Not Included in Computation of Diluted Shares Outstanding
The following weighted-average stock options were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive (in thousands):
 
2018
 
2017
 
2016
Number of stock options
1,339

 
389

 
734
Common Stock Share Activity
Common stock activity for 2018, 2017 and 2016 was as follows:
 
2018
 
2017
 
2016
Outstanding, beginning of year
154,038,031

 
152,559,767

 
153,944,291

Issued from treasury
941,854

 
1,680,339

 
4,870,761

Returned to treasury
(3,677,435
)
 
(202,075
)
 
(6,255,285
)
Outstanding, end of year
151,302,450

 
154,038,031

 
152,559,767

Shares subject to the forward share purchase contract
(3,645,510
)
 
(3,645,510
)
 
(3,645,510
)
Outstanding, less shares subject to the forward share purchase contract
147,656,940

 
150,392,521

 
148,914,257
Common Stock Shares Reserved for Issuance under Various Employee and Director Stock Plans
Common stock shares reserved for issuance under various employee and director stock plans at December 29, 2018 and December 30, 2017 are as follows:
 
 
2018
 
2017
Employee stock purchase plan
1,606,224

 
1,745,939

Other stock-based compensation plans
14,277,893

 
2,526,337

Total shares reserved
15,884,117

 
4,272,276
Weighted Average Assumptions that were Granted as Part of Merger
 
2018
 
2017
 
2016
Average expected volatility
23.0
%
 
20.0
%
 
24.1
%
Dividend yield
2.0
%
 
1.5
%
 
2.0
%
Risk-free interest rate
2.9
%
 
2.2
%
 
2.0
%
Expected term
5.3 years

 
5.2 years

 
5.3 years

Fair value per option
$
26.54

 
$
30.71

 
$
23.41

Weighted-average vesting period
2.9 years

 
2.9 years

 
2.4 years
Number of Stock Options and Weighted-average Exercise Prices
The number of stock options and weighted-average exercise prices as of December 29, 2018 are as follows:
 
Options
 
Price
Outstanding, beginning of year
6,561,404

 
$
102.56

Granted
1,255,750

 
130.88

Exercised
(267,378
)
 
80.66

Forfeited
(197,513
)
 
133.60

Outstanding, end of year
7,352,263

 
$
107.36

Exercisable, end of year
4,601,357

 
$
88.87
Outstanding and Exercisable Stock Option
Outstanding and exercisable stock option information at December 29, 2018 follows:
 
Outstanding Stock Options
 
Exercisable Stock Options
Exercise Price Ranges
Options
 
Weighted-
Average
Remaining
Contractual Life
 
Weighted-
Average
Exercise Price
 
Options
 
Weighted-
Average
Remaining
Contractual Life
 
Weighted-
Average
Exercise Price
$75.00 and below
2,031,976

 
2.20
 
$
62.36

 
2,031,976

 
2.20
 
$
62.36

$75.01 — $125.00
2,960,794

 
6.73
 
105.54

 
2,267,023

 
6.45
 
102.14

$125.01 and higher
2,359,493

 
9.43
 
148.40

 
302,358

 
8.78
 
167.51

 
7,352,263

 
6.35
 
$
107.36

 
4,601,357

 
4.73
 
$
88.87
Summary of Non-Vested Restricted Stock Unit Activity and Long-Term Performance Awards
A summary of non-vested restricted stock unit and award activity as of December 29, 2018, and changes during the twelve month period then ended is as follows:
 
Restricted Share
Units & Awards
 
Weighted-Average
Grant
Date Fair Value
Non-vested at December 30, 2017
1,084,675

 
$
121.89

Granted
413,838

 
133.90

Vested
(352,625
)
 
111.79

Forfeited
(71,153
)
 
124.62

Non-vested at December 29, 2018
1,074,735

 
$
129.65
Restricted Share Units & Awards  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Non-Vested Restricted Stock Unit Activity and Long-Term Performance Awards
A summary of the activity pertaining to the maximum number of shares that may be issued is as follows:
 
Share Units
 
Weighted-Average
Grant
Date Fair Value
Non-vested at December 30, 2017
692,913

 
$
97.80

Granted
184,435

 
155.83

Vested
(178,738
)
 
91.90

Forfeited
(71,203
)
 
95.11

Non-vested at December 29, 2018
627,407

 
$
116.85