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Share-Based Compensation (Tables)
 12 Months Ended
Jan. 02, 2021
Share-based Payment Arrangement [Abstract]  
Compensation expense included in net income Compensation expense included in net income for our share-based compensation plans is as follows:
(In millions)202020192018
Compensation expense$57 $52 $35 
Income tax benefit(14)(12)(8)
Total compensation expense included in net income$43 $40 $27 
Weighted-average fair value of stock options and assumptions used in option-pricing model The assumptions used in our option-pricing model for these grants and the weighted-average fair value for these options are as follows:
202020192018
Fair value of options at grant date$10.66$14.62$15.83
Dividend yield0.2%0.2%0.1%
Expected volatility29.3%26.6%26.6%
Risk-free interest rate1.1%2.5%2.6%
Expected term (in years)4.74.74.7
Stock option activity
The stock option activity during 2020 is provided below:
(Options in thousands)Number of
Options		Weighted-
Average
Exercise Price
Outstanding at beginning of year8,744 $44.00 
Granted2,003 39.48 
Exercised(723)(29.71)
Forfeited or expired(214)(48.75)
Outstanding at end of year9,810 $44.03 
Exercisable at end of year6,484 $43.02 
Activity for Restricted Stock Units
The 2020 activity for restricted stock units is provided below:
Units Payable in StockUnits Payable in Cash
(Shares/Units in thousands)Number of
Shares		Weighted-
Average Grant
Date Fair Value		Number of
Units		Weighted-
Average Grant
Date Fair Value
Outstanding at beginning of year, nonvested543 $49.44 1,104 $49.61 
Granted179 37.93 360 40.57 
Vested(139)(42.34)(276)(42.34)
Forfeited— — (43)(49.29)
Outstanding at end of year, nonvested583 $47.60 1,145 $48.53 
Fair value of awards vested and cash paid during respective periods
The fair value of the restricted stock unit awards that vested and/or amounts paid under these awards is as follows:
(In millions)202020192018
Fair value of awards vested$17 $23 $25 
Cash paid11 16 18 
The fair value of the performance share units that vested and/or amounts paid under these awards is as follows:
(In millions)202020192018
Fair value of awards vested$8 $9 $12 
Cash paid7 10 11 
Activity for Performance Share Units
The 2020 activity for our performance share units is as follows:
(Units in thousands)Number of
Units		Weighted-
Average Grant
Date Fair Value
Outstanding at beginning of year, nonvested411 $56.03 
Granted276 40.60 
Vested(173)(58.24)
Outstanding at end of year, nonvested514 $47.02