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Stock-Based Compensation Programs (Tables)
9 Months Ended
Oct. 02, 2011
Stock-Based Compensation Programs 
Summary of stock option activity

 

 

 

 

Outstanding Options (a)

 

Nonvested Options (a)

 

 

 

Number of
Shares

 

Weighted
Average
Exercise Price

 

Number of
Shares

 

Weighted
Average Grant
Date Fair Value

 

 

 

 

 

 

 

 

 

 

 

Beginning of year

 

10,766,646

 

$

21.39

 

3,918,684

 

$

6.13

 

Granted

 

1,367,460

 

35.85

 

1,367,460

 

9.78

 

Vested

 

 

 

 

 

(1,539,558

)

6.04

 

Exercised

 

(955,906

)

17.15

 

 

 

 

 

Canceled/forfeited

 

(51,600

)

24.42

 

(51,600

)

6.38

 

End of period

 

11,126,600

 

23.52

 

3,694,986

 

7.51

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable, end of period

 

7,431,614

 

 

 

 

 

 

 

Reserved for future grants

 

6,243,107

 

 

 

 

 

 

 

 

 

(a)       Amounts have been retrospectively adjusted for the two-for-one stock split that was effective on February 15, 2011.

Schedule of weighted average assumptions used for estimating fair values of options

 

 

Expected dividend yield

 

0.78

%

Expected stock price volatility

 

30.04

%

Risk-free interest rate

 

1.97

%

Expected life of options

 

5.0 years

Summary of restricted stock activity

 

 

 

 

Number of
Shares/Units

 

Weighted
Average
Grant Price

 

 

 

 

 

 

 

Beginning of year

 

1,856,202

 

$

21.96

 

Granted

 

496,906

 

35.52

 

Vested

 

(525,317

)

24.95

 

Canceled/forfeited

 

(14,043

)

30.45

 

End of period

 

1,813,748

 

24.77