XML 41 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 30, 2018
Equity [Abstract]  
Summary of Restricted Stock Activity and Related Information, Restricted Stock

Restricted stock activity from January 3, 2016 through December 30, 2018 was as follows (units in thousands):
 
Restricted
Stock Units
(RSU)
 
Performance
Stock Units
(PSU)(1)
 
Weighted-Average Grant-
Date Fair Value per Share
 
 
 
RSU
 
PSU
Outstanding at January 3, 2016
2,206

 
583

 
$
131.80

 
$
169.41

Awarded
1,245

 
172

 
$
132.47

 
$
113.56

Vested
(928
)
 
(199
)
 
$
105.49

 
$
148.99

Cancelled
(230
)
 
(96
)
 
$
139.74

 
$
163.05

Outstanding at January 1, 2017
2,293

 
460

 
$
141.80

 
$
158.66

Awarded
879

 
238

 
$
207.38

 
$
191.53

Vested
(861
)
 
(92
)
 
$
131.62

 
$
189.09

Cancelled
(226
)
 
(64
)
 
$
149.03

 
$
173.83

Outstanding at December 31, 2017
2,085

 
542

 
$
172.92

 
$
166.15

Awarded
655

 
336

 
$
322.04

 
$
232.08

Vested
(731
)
 
(188
)
 
$
170.50

 
$
176.15

Cancelled
(169
)
 
(30
)
 
$
172.30

 
$
162.54

Outstanding at December 30, 2018
1,840

 
660

 
$
227.00

 
$
196.99

______________________________________
(1)
The number of units reflect the estimated number of shares to be issued at the end of the performance period.
Summary of Restricted Stock Activity and Related Information, Performance Units

Restricted stock activity from January 3, 2016 through December 30, 2018 was as follows (units in thousands):
 
Restricted
Stock Units
(RSU)
 
Performance
Stock Units
(PSU)(1)
 
Weighted-Average Grant-
Date Fair Value per Share
 
 
 
RSU
 
PSU
Outstanding at January 3, 2016
2,206

 
583

 
$
131.80

 
$
169.41

Awarded
1,245

 
172

 
$
132.47

 
$
113.56

Vested
(928
)
 
(199
)
 
$
105.49

 
$
148.99

Cancelled
(230
)
 
(96
)
 
$
139.74

 
$
163.05

Outstanding at January 1, 2017
2,293

 
460

 
$
141.80

 
$
158.66

Awarded
879

 
238

 
$
207.38

 
$
191.53

Vested
(861
)
 
(92
)
 
$
131.62

 
$
189.09

Cancelled
(226
)
 
(64
)
 
$
149.03

 
$
173.83

Outstanding at December 31, 2017
2,085

 
542

 
$
172.92

 
$
166.15

Awarded
655

 
336

 
$
322.04

 
$
232.08

Vested
(731
)
 
(188
)
 
$
170.50

 
$
176.15

Cancelled
(169
)
 
(30
)
 
$
172.30

 
$
162.54

Outstanding at December 30, 2018
1,840

 
660

 
$
227.00

 
$
196.99

______________________________________
(1)
The number of units reflect the estimated number of shares to be issued at the end of the performance period.
Summary of Pre-tax Intrinsic Values of Vested Restricted Stock
Pre-tax intrinsic values and fair value of vested restricted stock was as follows (in millions):
 
Years Ended
 
December 30,
2018
 
December 31,
2017
 
January 1,
2017
Pre-tax intrinsic value of outstanding restricted stock:
 
 
 
 
 
RSU
$
549

 
$
456

 
$
294

PSU
$
197

 
$
118

 
$
59

 
 
 
 
 
 
Fair value of restricted stock vested:
 
 
 
 
 
RSU
$
125

 
$
113

 
$
98

PSU
$
33

 
$
17

 
$
30

Summary of Total Fair Value of Vested Restricted Stock
Pre-tax intrinsic values and fair value of vested restricted stock was as follows (in millions):
 
Years Ended
 
December 30,
2018
 
December 31,
2017
 
January 1,
2017
Pre-tax intrinsic value of outstanding restricted stock:
 
 
 
 
 
RSU
$
549

 
$
456

 
$
294

PSU
$
197

 
$
118

 
$
59

 
 
 
 
 
 
Fair value of restricted stock vested:
 
 
 
 
 
RSU
$
125

 
$
113

 
$
98

PSU
$
33

 
$
17

 
$
30

Summary of Stock Option Activity Under all Stock Option Plans
Stock option activity from January 3, 2016 through December 30, 2018 was as follows:
 
Options
(in thousands)
 
Weighted-
Average
Exercise Price
Outstanding at January 3, 2016
1,599

 
$
41.95

Exercised
(552
)
 
$
29.41

Cancelled
(2
)
 
$
46.35

Outstanding at January 1, 2017
1,045

 
$
48.56

Exercised
(723
)
 
$
49.31

Outstanding at December 31, 2017
322

 
$
46.93

Exercised
(130
)
 
$
35.68

Outstanding and exercisable at December 30, 2018
192

 
$
54.52

Summary of Share-based Compensation Expense for all Stock Awards
Share-based compensation expense reported in our consolidated statements of income was as follows (in millions):
 
Years Ended
 
December 30,
2018
 
December 31,
2017
 
January 1,
2017
Cost of product revenue
$
16

 
$
12

 
$
9

Cost of service and other revenue
3

 
2

 
2

Research and development
60

 
51

 
42

Selling, general and administrative
114

 
99

 
76

Share-based compensation expense, before taxes
193

 
164

 
129

Related income tax benefits
(39
)
 
(48
)
 
(41
)
Share-based compensation expense, net of taxes
$
154

 
$
116

 
$
88


Summary of Assumptions used to Estimate the Weighted-Average Fair Value Per Share for Stock Purchase under the Employee Stock Purchase Plan
The assumptions used for the specified reporting periods and the resulting estimates of weighted-average fair value per share for stock purchased under the ESPP were as follows:
 
Years Ended
 
December 30,
2018
 
December 31,
2017
 
January 1,
2017
Risk-free interest rate
1.22% - 2.45%

 
0.50% - 1.22%

 
0.40% - 0.50%

Expected volatility
29% - 39%

 
29% - 44%

 
40% - 44%

Expected term
0.5 - 1.0 year

 
0.5 - 1.0 year

 
0.5 - 1.0 year

Expected dividends
0
%
 
0
%
 
0
%
Weighted-average grant-date fair value per share
$
61.59

 
$
46.81

 
$
48.29