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Share-Based Compensation (Tables)
 12 Months Ended
Jan. 01, 2022
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)202120202019
Compensation expense$138 $57 $52 
Income tax benefit(33)(14)(12)
Total compensation expense included in net income$105 $43 $40 
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:
202120202019
Fair value of options at grant date$15.05$10.66$14.62
Dividend yield0.2%0.2%0.2%
Expected volatility33.6%29.3%26.6%
Risk-free interest rate0.7%1.1%2.5%
Expected term (in years)4.74.74.7
Stock option activity
The stock option activity during 2021 is provided below:
(Options in thousands)Number of
Options		Weighted-
Average
Exercise Price
Outstanding at beginning of year9,810 $44.03 
Granted1,489 51.64 
Exercised(2,833)(41.57)
Forfeited or expired(177)(46.46)
Outstanding at end of year8,289 $46.18 
Exercisable at end of year5,143 $45.54 
Activity for Restricted Stock Units
The 2021 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, nonvested583 $47.60 1,145 $48.53 
Granted145 53.05 337 51.76 
Vested(154)(43.74)(256)(46.39)
Forfeited(5)(50.41)(68)(49.01)
Outstanding at end of year, nonvested569 $50.01 1,158 $49.92 
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)202120202019
Fair value of awards vested$20 $17 $23 
Cash paid13 11 16 
The fair value of the performance share units that vested and/or amounts paid under these awards is as follows:
(In millions)202120202019
Fair value of awards vested$18 $8 $9 
Cash paid6 7 10 
Activity for Performance Share Units
The 2021 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, nonvested514 $47.02 
Granted256 51.56 
Vested(237)(54.43)
Forfeited(7)(48.30)
Outstanding at end of year, nonvested526 $45.87