Stock-based Compensation Expense

6 Months Ended

Jul. 02, 2016

Disclosure of Compensation Related Costs, Share-based Payments [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 are as follows:

	Three Months Ended				Six Months Ended
	July 2,		June 27,		July 2,		June 27,
(In millions)	2016		2015		2016		2015
Stock Option Awards	$	10.0	$	10.9	$	20.6	$	21.3
Restricted Unit Awards	23.7		20.2		46.5		38.0
Total Stock-based Compensation Expense	$	33.7	$	31.1	$	67.1	$	59.3

During the first six months of 2016, the company made equity compensation grants to employees consisting of 0.8 million service- and performance-based restricted stock units and options to purchase 1.7 million shares.

As of July 2, 2016, there was $86 million of total unrecognized compensation cost related to unvested stock options granted. The cost is expected to be recognized through 2020 with a weighted average amortization period of 2.5 years.

As of July 2, 2016, there was $159 million of total unrecognized compensation cost related to unvested restricted stock unit awards. The cost is expected to be recognized through 2019 with a weighted average amortization period of 2.2 years.