Share-Based Compensation (Tables)

12 Months Ended

Dec. 30, 2017

Share-Based Compensation

Compensation expense included in net income

(In millions)		2017		2016		2015
Compensation expense	$	77	$	71	$	63
Income tax benefit		(28)		(26)		(23)
Total net compensation expense included in net income	$	49	$	45	$	40

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

		2017		2016		2015
Fair value of options at grant date	$	13.80	$	10.33	$	14.03
Dividend yield		0.2%		0.2%		0.2%
Expected volatility		29.2%		33.6%		34.9%
Risk-free interest rate		1.9%		1.2%		1.5%
Expected term (in years)		4.7		4.8		4.8

Stock option activity

(Options in thousands)	Number of Options		Weighted- Average Exercise Price
Outstanding at beginning of year	9,264	$	33.61
Granted	1,840		50.34
Exercised	(1,626)		(31.99)
Forfeited or expired	(240)		(41.92)
Outstanding at end of year	9,238	$	37.02
Exercisable at end of year	5,865	$	32.79

Restricted Stock Units

Share-Based Compensation

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	797	$	35.94	1,444	$	36.33
Granted	154		49.57	310		49.65
Vested	(252)		(32.07)	(378)		(31.57)
Forfeited	(31)		(35.42)	(113)		(39.33)
Outstanding at end of year, nonvested	668	$	40.55	1,263	$	40.75

Fair value of awards vested and cash paid during respective periods

(In millions)		2017		2016		2015
Fair value of awards vested	$	27	$	20	$	25
Cash paid		19		12		20

Performance Share Units

Share-Based Compensation

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	535	$	39.13
Granted	231		49.58
Vested	(262)		(44.15)
Forfeited	(19)		(39.18)
Outstanding at end of year, nonvested	485	$	41.34

Fair value of awards vested and cash paid during respective periods

(In millions)		2017		2016		2015
Fair value of awards vested	$	15	$	14	$	16
Cash paid		15		13		17