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CAPITAL STOCK (Tables)
 12 Months Ended
Jan. 01, 2022
Equity [Abstract]  
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 January 1, 2022, January 2, 2021, and December 28, 2019.
202120202019
Numerator (in millions):
Net Earnings from Continuing Operations Attributable to Common Shareowners$1,586.1 $1,160.9 $952.4 
Add: Contract adjustment payments accretion1.3 1.7 1.7 
Net Earnings from Continuing Operations Attributable to Common Shareowners - Diluted1,587.4 1,162.6 954.1 
Net earnings from discontinued operations88.9 48.8 1.6 
Net Earnings Attributable to Common Shareowners - Diluted$1,676.3 $1,211.4 $955.7 
202120202019
Denominator (in thousands):
Basic weighted-average shares outstanding158,760 154,176 148,365 
Dilutive effect of stock contracts and awards6,264 8,251 8,016 
Diluted weighted-average shares outstanding165,024 162,427 156,381 

Earnings per share of common stock:
Basic earnings per share of common stock:
Continuing operations$9.99 $7.53 $6.42 
Discontinued operations$0.56 $0.32 $0.01 
Total basic earnings per share of common stock$10.55 $7.85 $6.43 
Diluted earnings per share of common stock:
Continuing operations$9.62 $7.16 $6.10 
Discontinued operations$0.54 $0.30 $0.01 
Total dilutive earnings per share of common stock$10.16 $7.46 $6.11 
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 weighted-average diluted shares outstanding because the effect would be anti-dilutive (in thousands):
202120202019
Number of stock options1,039 2,376 2,151 
Common Stock Share Activity Common stock activity for 2021, 2020 and 2019 was as follows:
202120202019
Outstanding, beginning of year160,752,262 153,506,409 151,302,450 
Issued from treasury3,105,587 7,474,394 2,391,336 
Returned to treasury(529,073)(228,541)(187,377)
Outstanding, end of year163,328,776 160,752,262 153,506,409 
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 contract159,683,266 157,106,752 149,860,899 
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 January 1, 2022 and January 2, 2021 are as follows: 
20212020
Employee stock purchase plan1,388,655 1,480,962 
Other stock-based compensation plans5,260,005 8,113,781 
Total shares reserved6,648,660 9,594,743 
Weighted Average Assumptions that were Granted as Part of Merger The following weighted-average assumptions were used to value grants made in 2021, 2020 and 2019:
202120202019
Average expected volatility34.0 %35.0 %25.0 %
Dividend yield1.6 %1.6 %1.8 %
Risk-free interest rate1.3 %0.4 %1.5 %
Expected life5.3 years5.3 years5.3 years
Fair value per option$52.39 $48.36 $30.09 
Weighted-average vesting period2.9 years2.8 years2.8 years
Number of Stock Options and Weighted-average Exercise Prices The number of stock options and weighted-average exercise prices as of January 1, 2022 are as follows:
 OptionsPrice
Outstanding, beginning of year5,875,246 $138.84 
Granted862,317 193.97 
Exercised(1,035,468)113.51 
Forfeited(128,423)163.43 
Outstanding, end of year5,573,672 $151.46 
Exercisable, end of year3,233,635 $134.97 
Outstanding and Exercisable Stock Option Outstanding and exercisable stock option information at January 1, 2022 follows:
 Outstanding Stock OptionsExercisable Stock Options
Exercise Price RangesOptionsWeighted-
Average
Remaining
Contractual Life		Weighted-
Average
Exercise Price		OptionsWeighted-
Average
Remaining
Contractual Life		Weighted-
Average
Exercise Price
$100.00 and below
435,269 1.78$80.63 435,269 1.78$80.63 
100.01 — 165.00
2,572,398 6.50133.35 1,850,961 6.06128.88 
165.01 — higher
2,566,005 8.45181.63 947,405 6.69171.83 
5,573,672 7.04$151.46 3,233,635 5.67$134.97 
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 January 1, 2022, 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 January 2, 2021831,384 $151.26 
Granted463,084 193.66 
Vested(288,467)153.27 
Forfeited(27,650)161.11 
Non-vested at January 1, 2022978,351 $173.06 
A summary of the activity pertaining to the maximum number of shares that may be issued is as follows:
Share UnitsWeighted-Average
Grant
Date Fair Value
Non-vested at January 2, 2021593,035 $99.93 
Granted— — 
Vested(165,480)104.91 
Forfeited(177,825)94.18 
Non-vested at January 1, 2022249,730 $100.73 
A summary of the activity pertaining to the maximum number of shares that may be issued is as follows:
Share UnitsWeighted-Average
Grant
Date Fair Value
Non-vested at January 2, 2021608,738 $142.58 
Granted211,894 163.45 
Vested(50,270)155.83 
Forfeited(120,556)155.83 
Non-vested at January 1, 2022649,806 $145.90