Share-Based Compensation (Tables)

12 Months Ended

Jan. 03, 2015

Share-based Compensation Arrangement by Share-based Payment Award

Compensation expense included in net income

(In millions)		2014		2013		2012
Compensation expense	$	85	$	86	$	71
Income tax benefit		(32)		(32)		(26)
Total net compensation cost included in net income	$	53	$	54	$	45

Weighted average fair value of stock options and assumptions used in option-pricing model

		2014		2013		2012
Fair value of options at grant date	$	12.72	$	9.69	$	10.19
Dividend yield		0.2%		0.3%		0.3%
Expected volatility		34.5%		37.0%		40.0%
Risk-free interest rate		1.5%		0.9%		0.9%
Expected term (in years)		5.0		5.5		5.5

Stock option activity

(Options in thousands)	Number of Options		Weighted- Average Exercise Price
Outstanding at beginning of year	9,018			$	27.57
Granted	1,838			39.65
Exercised	(1,842	)		(26.07		)
Forfeited or expired	(377	)		(38.35		)
Outstanding at end of year	8,637			$	29.99
Exercisable at end of year	4,739			$	27.22

Restricted Stock Units

Share-based Compensation Arrangement by Share-based Payment Award

Unit period activity, Nonvested, Weighted average grant date fair value

	Units Payable in Stock						Units 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, nonvested	780			$	27.56		2,025			$	23.73
Granted	217			39.44			433			39.65
Vested	(70	)		(25.69		)	(593	)		(16.54		)
Forfeited	(21	)		(27.93		)	(199	)		(28.65		)
Outstanding at end of year, nonvested	906			$	30.59		1,666			$	29.84

Fair value of awards vested and cash paid during respective periods

(In millions)	2014		2013		2012
Fair value of awards vested	$	25	$	26	$	35
Cash paid	23		23		25

Performance Share Units

Share-based Compensation Arrangement by Share-based Payment Award

Unit period activity, Nonvested, Weighted average grant date fair value

(Units in thousands)	Number of Units		Weighted- Average Grant Date Fair Value
Outstanding at beginning of year, nonvested	895			$	28.08
Granted	296			39.70
Vested	(468	)		(27.76		)
Forfeited	(46	)		(28.19		)
Outstanding at end of year, nonvested	677			$	33.38

Fair value of awards vested and cash paid during respective periods

(In millions)	2014		2013		2012
Fair value of awards vested	$	20	$	13	$	10
Cash paid	12		11		52