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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of share-based compensation expense
Share-based compensation expense was as follows (in millions):
Year Ended
 
Six Months Ended
 
Year Ended
December 31,
2016
 
December 31,
2015
 
June 27,
2015
 
June 28,
2014
$
23.0

 
$
22.8

 
$
31.6

 
$
24.6

Schedule of share-based compensation, stock options, activity
A summary of activity related to stock options is presented below (options in thousands):
 
Number of
Options
 
Weighted-Average
Exercise
Price Per Share
 
Weighted-
Average
Remaining
Term in
Years
 
Aggregate
Intrinsic
Value
Options outstanding at June 27, 2015
857

 
$
97.49

 
 
 
 
Exercised
(72
)
 
$
69.62

 
 
 
 
Forfeited or expired
(2
)
 
$
131.91

 
 
 
 
Options outstanding at December 31, 2015
783

 
$
99.93

 
6.3
 
$
35.6

Granted
344

 
$
126.67

 
 
 
 
Exercised
(122
)
 
$
67.68

 
 
 
 
Forfeited or expired
(256
)
 
$
126.54

 
 
 
 
Options outstanding December 31, 2016
749

 
$
108.40

 
6.6
 
$
5.5

Options exercisable
473

 
$
96.89

 
5.2
 
$
5.5

Options expected to vest
266

 
$
128.17

 
9.0
 
$

Schedule of aggregate intrinsic value
The aggregate intrinsic value for options exercised was as follows (in millions):
Year Ended
 
Six Months Ended
 
Year Ended
December 31,
2016
 
December 31,
2015
 
June 27,
2015
 
June 28,
2014
$
5.2

 
$
6.7

 
$
20.7

 
$
17.8

Schedule of share-based payment award, stock options, valuation assumptions
The fair values were estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:
 
 
Year Ended
 
December 31,
2016
 
June 27,
2015
 
June 28,
2014
Dividend yield
0.5
%
 
0.3
%
 
0.3
%
Volatility, as a percent
27.6
%
 
27.1
%
 
32.7
%
Risk-free interest rate
1.3
%
 
1.7
%
 
1.8
%
Expected life in years
5.5

 
5.3

 
5.3

Schedule of nonvested RSUs
A summary of activity related to non-vested service-based restricted share units is presented below (units in thousands):
 
Number of
Non-vested
Service-
Based
Share Units
 
Weighted-
Average
Grant Date
Fair Value Per Share
 
Weighted-
Average
Remaining
Term in
Years
 
Aggregate
Intrinsic
Value
Non-vested service-based share units outstanding at June 27, 2015
283

 
$
136.48

 
 
 
 
Granted
199

 
$
165.64

 
 
 
 
Vested
(94
)
 
$
125.03

 
 
 
 
Forfeited
(6
)
 
$
164.56

 
 
 
 
Non-vested service-based share units outstanding at December 31, 2015
382

 
$
154.07

 
2.2
 
$
55.3

Granted
298

 
$
113.26

 
 
 
 
Vested
(92
)
 
$
137.15

 
 
 
 
Forfeited
(120
)
 
$
151.64

 
 
 
 
Non-vested service-based share units outstanding at December 31, 2016
468

 
$
137.53

 
1.7
 
$
39.0

Schedule of weighted average grant date fair value
The weighted-average fair value per share at the date of grant for performance-based restricted share units granted was as follows:
Year Ended
 
Six Months Ended
 
Year Ended
December 31,
2016
 
December 31,
2015
 
June 27,
2015
 
June 28,
2014
$
126.37

 
$
184.49

 
$
150.14

 
$
119.85

Schedule of total fair value of RSUs
The total fair value of service-based restricted share units that vested was as follows (in millions):
Year Ended
 
Six Months Ended
 
Year Ended
December 31,
2016
 
December 31,
2015
 
June 27,
2015
 
June 28,
2014
$
12.6

 
$
11.7

 
$
9.1

 
$
6.8

Schedule of nonvested PSUs
A summary of activity related to non-vested performance-based restricted share units is presented below (units in thousands):
 
Number of
Non-vested
Performance-
Based
Share Units
 
Weighted-
Average
Grant
Date Fair
Value Per Share
 
Weighted-
Average
Remaining
Term in
Years
 
Aggregate
Intrinsic
Value
Non-vested performance-based share units outstanding at June 27, 2015
229

 
$
129.77

 
 
 
 
Granted
55

 
$
184.49

 
 
 
 
Vested
(58
)
 
$
109.20

 
 
 
 
Forfeited
(3
)
 
$
144.73

 
 
 
 
Non-vested performance-based share units outstanding at December 31, 2015
223

 
$
146.31

 
1.5
 
$
32.3

Granted
159

 
$
126.37

 
 
 
 
Vested
(81
)
 
$
128.74

 
 
 
 
Forfeited
(124
)
 
$
143.64

 
 
 
 
Non-vested performance-based share units outstanding at December 31, 2016
177

 
$
138.29

 
1.7
 
$
14.8

Schedule total fair value
The total fair value of performance-based restricted share units that vested was as follows (in millions):
Year Ended
 
Six Months Ended
 
Year Ended
December 31,
2016
 
December 31,
2015
 
June 27,
2015
 
June 28,
2014
$
10.4

 
$
6.4

 
$
5.1

 
$
4.6

Performance-based Restricted Share Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of weighted average grant date fair value
The weighted-average fair value per share at the date of grant for service-based restricted share units granted was as follows (in millions):
Year Ended
 
Six Months Ended
 
Year Ended
December 31,
2016
 
December 31,
2015
 
June 27,
2015
 
June 28,
2014
$
113.26

 
$
165.64

 
$
153.99

 
$
133.08