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Stock Repurchase Programs
12 Months Ended
Dec. 30, 2011
Stock Repurchase Programs [Abstract]  
Stock Repurchase Programs

17. Stock Repurchase Programs

We repurchase outstanding common stock under two programs authorized by our Board of Directors, the Rule 10b5-1 program and a repurchase program of up to $600 million of outstanding common stock. In addition, we purchase shares to cover withholding taxes on shares issued under employee stock plans.

Under the 10b5-1 program, we intend to continue to use cash generated by employee stock option exercises (other than those of Company officers and board members) to repurchase stock. As of December 30, 2011, we have purchased 8.5 million shares of our common stock under this program since February 2006, at a total cost of $101.3 million, including $0.6 million (0.1 million shares) in 2011 and $7.4 million (0.9 million shares) in 2010. On January 25, 2012, our Board of Directors authorized a one-year extension of this program.

As of December 30, 2011, we purchased 56.6 million shares of our common stock under the $600 million repurchase program at a total cost of $375.4 million, leaving $224.6 million available to be purchased under this program. We did not purchase any shares under this program in 2011. We purchased $171.4 million (24.2 million shares) in 2010. We may change our repurchase activity and we provide no assurance that we will continue our repurchase activity in the future.

In addition, during 2011 we purchased 0.9 million shares for $4.5 million to cover minimum withholding taxes on shares issued under employee stock plans. In 2010, we purchased 0.7 million shares for $5.4 million to cover minimum withholding taxes on shares issued under employee stock plans.

We record repurchased shares as Treasury stock.