Stock-based Compensation Expense

3 Months Ended

Apr. 01, 2017

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
	April 1,		April 2,
(In millions)	2017		2016
Stock Option Awards	$	10.2	$	10.6
Restricted Unit Awards	22.8		22.8
Total Stock-based Compensation Expense	$	33.0	$	33.4

During the first three months of 2017, the company made equity compensation grants to employees consisting of 0.7 million service- and performance-based restricted stock units and options to purchase 1.8 million shares.

As of April 1, 2017, there was $105 million of total unrecognized compensation cost related to unvested stock options granted. The cost is expected to be recognized through 2021 with a weighted average amortization period of 2.7 years.

As of April 1, 2017, there was $196 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 2.4 years.