Stockbased Compensation Expense

6 Months Ended

Jun. 27, 2015

Stock-based Compensation Expense Disclosure [Abstract]

Stock-based Compensation Expense [Text Block]

Note 5. Stock-based Compensation Expense

	The components of stock-based compensation expense are primarily included in selling, general and
administrative expenses and include the following:
			Three Months Ended						Six Months Ended
		June 27,			June 28,			June 27,			June 28,
(In millions)			2015			2014			2015			2014
Stock Option Awards			$	10.9		$	11.7		$	21.3		$	22.4
Restricted Unit Awards				20.2			19.1			38.0			33.6
Total Stock-based Compensation Expense			$	31.1		$	30.8		$	59.3		$	56.0

As of June 27,2015, there was $97 million of total unrecognized compensation cost related to unvested stock options granted. The cost is expected to be recognized through 2019 with a weighted average amortization period of 2.6 years.

As of June 27,2015, there was $163 million of total unrecognized compensation cost related to unvested restricted stock unit awards. The cost is expected to be recognized through 2018 with a weighted average amortization period of 2.4 years.

During the first six months of 2015, the company made equity compensation grants to employees consisting of 0.9 million service- and performance-based restricted stock units and options to purchase 1.8 million shares.

Certain pre-acquisition equity awards of Life Technologies were converted to rights to receive future cash payments over the remaining vesting period. In addition to stock-based compensation, which is included in the above table, in thesecond quarter of 2015 and 2014 and firstsix months of2015 and 2014, the company recorded expense for cash-in-lieu of equity of $5.5 million, $10.0 million, $13.9million and $17.1 million, respectively, related to these arrangements.