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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 29, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock-Based Compensation and Related Tax Benefits Recognized
Stock-based compensation and related tax benefits recognized under all plans were as follows:
 
 
12 Months Ended
 
11 Months Ended
 
 
December 29,
2017
 
December 30,
2016
 
January 1,
2016
 
 
(in millions)
Total stock-based compensation expense
 
$
43

 
$
35

 
$
30

Tax benefits recognized from stock-based compensation
 
$
17

 
$
14

 
$
12

Schedule of Weighted Average Grant-Date Fair Value And Assumptions Used
The Monte Carlo simulation assumptions used for the periods presented were as follows:
 

12 Months Ended
 
11 Months Ended
 

December 29,
2017
 
December 30,
2016
 
January 1,
2016
Expected volatility

27.19
%
 
31.73
%
 
27.67
%
Risk free rate of return

1.53
%
 
1.01
%
 
0.82
%
Weighted average grant date stock price

$
53.73

 
$
46.54

 
$
42.61

The weighted average grant-date fair value and assumptions used to determine fair value of stock options granted for the periods presented were as follows:
 

12 Months Ended
 
11 Months Ended
 

December 29,
2017

December 30, 2016
(Grants after acquisition)

December 30, 2016
(Grants before acquisition)
 
January 1,
2016
Weighted average grant-date fair value

$
11.53


$
10.33


$
9.54

 
$
6.72

Expected term (in years)

4.7


4.7


4.8

 
4.7

Expected volatility

29.7
%

37.9
%

29.9
%
 
24.5
%
Risk-free interest rate

1.9
%

1.2
%

1.3
%
 
1.4
%
Dividend yield

2.5
%

2.7
%

2.5
%
 
2.9
%
Schedule of Options Outstanding
Stock option activity for each of the periods presented was as follows:
 
 
Shares of
stock under
stock options
 
Weighted
average
exercise price
 
Weighted
average
remaining
contractual
term
 
Aggregate
intrinsic value
 
 
(in millions)
 
 
 
(in years)
 
(in millions)
Outstanding at January 30, 2015
 
3.6

 
$
38.50

 
4.0
 
$
14

Options granted
 
0.6

 
42.64

 
 
 
 
Options forfeited or expired
 
(0.9
)
 
42.03

 
 
 
 
Options exercised
 
(0.9
)
 
38.53

 
 
 
9

Outstanding at January 1, 2016
 
2.4

 
$
38.21

 
4.5
 
$
43

Options granted
 
0.6

 
43.56

 
 
 
 
Special dividend adjustments
 
0.9

 
 
 
 
 
 
Options forfeited or expired
 
(0.2
)
 
34.98

 
 
 
 
Options exercised
 
(0.4
)
 
34.11

 
 
 
5

Outstanding at December 30, 2016
 
3.3

 
$
29.77

 
4.1
 
70

Options granted
 
0.5

 
53.51

 

 


Options forfeited or expired
 
(0.2
)
 
35.72

 

 


Options exercised
 
(0.8
)
 
27.23

 

 
23

Outstanding at December 29, 2017
 
2.8

 
34.38

 
3.9
 
86

Exercisable at December 29, 2017
 
1.6

 
$
29.13

 
2.7
 
$
56

Vested and expected to vest in the future as of December 29, 2017
 
2.7

 
$
33.98

 
3.8
 
$
83

Schedule of activities related to exercise of stock options
The following table summarizes activity related to exercises of stock options:
 
 
12 Months Ended
 
11 Months Ended
 
 
December 29,
2017
 
December 30,
2016
 
January 1,
2016
 
 
(in millions)
Tax benefits from stock options exercised
 
$
7

 
$
1

 
$
1

Fair value of stock surrendered in payment of the exercise price for stock options exercised
 
$
2

 
$
4

 
$
3

Cash received from exercises of stock options
 
$
2

 
$

 
$

Schedule of Vesting Stock Award Activity
Restricted stock units activity for each of the periods presented was as follows:
 
 
Shares of stock
under stock
awards
 
Weighted
average grant-
date fair value
 
 
(in millions)
 
 
Unvested stock awards at January 30, 2015
 
3.0

 
$
38.51

Awards granted
 
0.5

 
42.95

Awards forfeited
 
(0.4
)
 
40.10

Awards vested
 
(0.8
)
 
40.05

Unvested stock awards at January 1, 2016
 
2.3

 
$
38.97

Awards granted
 
1.5

 
41.45

Awards forfeited
 
(0.2
)
 
40.88

Awards vested
 
(1.1
)
 
38.91

Unvested stock awards at December 30, 2016
 
2.5

 
$
40.39

Awards granted
 
0.8

 
53.91

Awards forfeited
 
(0.3
)
 
45.89

Awards vested
 
(1.0
)
 
41.02

Unvested stock awards at December 29, 2017
 
2.0

 
$
44.96


Schedule of Performance-Based Stock Award Activity
Performance-based stock award activity for each of the periods presented was as follows:
 
 
Expected number
of shares of stock
to be issued under
performance-based
stock awards
 
Weighted
average grant-
date fair value
 
 
(in millions)
 
 
Unvested at January 30, 2015
 
0.1

 
$
37.70

Awards granted
 
0.2

 
44.30

Awards forfeited
 
(0.1
)
 
43.49

Unvested at January 1, 2016
 
0.2

 
$
43.35

Awards granted
 
0.2

 
45.62

Unvested at December 30, 2016
 
0.4

 
$
44.44

Awards granted
 
0.2

 
57.94

Awards vested
 
(0.1
)
 
42.85

Unvested at December 29, 2017
 
0.5

 
$
50.34