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Share - Based Compensation (Tables)
3 Months Ended
Mar. 31, 2012
Share-Based Compensation [Abstract]  
Compensation expense recorded in net income for share based compensation plans
                 
    Three Months
Ended
 

(In millions)

  March 31,
2012
    April 2,
2011
 

Compensation expense

  $ 46     $ 36  

Income tax benefit

    (17     (13
   

 

 

   

 

 

 

Total net compensation cost included in net income

  $ 29     $ 23  
   

 

 

   

 

 

 
Weighted average assumptions used in Black Scholes
                 
    Three Months
Ended
 
    March 31,
2012
    April 2,
2011
 

Dividend yield

    0.3     0.3

Expected volatility

    40.0     38.0

Risk-free interest rate

    0.8     2.4

Expected lives (in years)

    5.5       5.5  
Stock option activity under the plan
                         
    Number of
Options
(In thousands)
    Weighted-
Average
Exercise
Price
    Weighted-
Average
Remaining
Contractual
Life
(In years)
 

Outstanding at beginning of period

    8,860     $ 27.68       6  

Granted

    3,008       27.76          

Exercised

    (594     (18.70        

Canceled, expired or forfeited

    (396     (27.96        
   

 

 

   

 

 

   

 

 

 

Outstanding at end of period

    10,878     $ 28.18       7  
   

 

 

   

 

 

   

 

 

 

Exercisable at end of period

    5,513     $ 29.36       5  
   

 

 

   

 

 

   

 

 

 
Restricted stock units
                                 
    Units Payable in Stock     Units Payable in Cash  

(Shares in thousands)

  Number of
Shares
    Weighted-
Average Grant
Date Fair Value
    Number of
Shares
    Weighted-
Average Grant
Date Fair Value
 

Outstanding at beginning of year, nonvested

    638     $ 35.53       2,927     $ 17.33  

Granted

    367       27.54       808       27.74  

Vested

    (218     (37.89     (801     (15.00

Forfeited

    (13     (33.19     (73     (19.24
   

 

 

   

 

 

   

 

 

   

 

 

 

Outstanding at end of period, nonvested

    774     $ 31.12       2,861     $ 20.88  
   

 

 

   

 

 

   

 

 

   

 

 

 
Performance share units
                 

(Shares in thousands)

  Number of
Shares
    Weighted-
Average  Grant
Date Fair Value
 

Outstanding at beginning of year, nonvested

    859     $ 22.98  

Granted

    535       27.76  

Forfeited

    (53     (22.62
   

 

 

   

 

 

 

Outstanding at end of period, nonvested

    1,341     $ 24.90  
   

 

 

   

 

 

 
Share-Based Compensation Awards
                 
    Three Months Ended  

(In millions)

  March 31,
2012
    April 2,
2011
 

Subject only to service conditions:

               

Value of awards vested

  $ 30     $ 34  

Intrinsic value of cash awards paid

    21       20  

Subject to performance conditions:

               

Intrinsic value of cash awards paid

    51       1