Stock-based Compensation Expense

9 Months Ended

Oct. 01, 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				Nine Months Ended
	October 1,		September 26,		October 1,		September 26,
(In millions)	2016		2015		2016		2015
Stock Option Awards	$	10.4	$	11.1	$	31.0	$	32.4
Restricted Unit Awards	24.5		21.4		71.0		59.4
Total Stock-based Compensation Expense	$	34.9	$	32.5	$	102.0	$	91.8

During the first nine 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 October 1, 2016, there was $75 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 2.3 years.

As of October 1, 2016, there was $137 million of total unrecognized compensation cost related to unvested restricted stock unit awards. The cost is expected to be recognized through 2020 with a weighted average amortization period of 2.0 years.