Share-based and Deferred Compensation Plans (Tables)

12 Months Ended

Dec. 28, 2013

Weighted-average assumptions used in the Black-Scholes option-pricing model

We estimated the fair value of each stock option and SAR award as of the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:



	2013		2012		2011
Risk-free interest rate	0.8	%	0.8	%	2.0	%
Expected term (years)	6.2		6.0		5.9
Expected volatility	29.9	%	29.0	%	28.2	%
Expected dividend yield	2.1	%	1.8	%	2.0	%

Summary of award activity

Stock Options and SARs



	Shares (in thousands)			Weighted-Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value (in millions)
Outstanding at the beginning of the year	28,612			$	37.05
Granted	3,767			63.83
Exercised	(4,030	)		27.15
Forfeited or expired	(636	)		47.69
Outstanding at the end of the year	27,713		^(a)	$	41.77	5.72	$	890
Exercisable at the end of the year	17,787			$	33.58	4.45	$	717


(a)	Outstanding awards include 3,103 options and 24,610 SARs with average exercise prices of $34.58 and $42.68, respectively.

Impact on net income

The components of share-based compensation expense and the related income tax benefits are shown in the following table:



	2013			2012		2011
Options and SARs	$	44		$	42	$	49
Restricted Stock Units	6			5		5
Performance Share Units	(1		)	3		5
Total Share-based Compensation Expense	$	49		$	50	$	59
Deferred Tax Benefit recognized	$	15		$	15	$	18

EID compensation expense not share-based	$	11		$	5	$	2