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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 28, 2013
Share-based Compensation [Abstract]  
Summary of Compensation Costs
The following table summarizes our total stock-based compensation expense:
 
2013

 
2012

 
2011 

Stock-based compensation expense
$
303

 
$
278

 
$
326

Merger and integration charges
—

 
2

 
13

Restructuring and impairment (benefits)/charges
—

 
(7
)
 
4

Total
$
303

 
$
273

 
$
343

Income tax benefits recognized in earnings related to stock-based compensation
$
76

 
$
73

 
$
101
Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions
Our weighted-average Black-Scholes fair value assumptions are as follows:

2013


2012


2011

Expected life
6 years


6 years


6 years

Risk-free interest rate
1.1
%

1.3
%

2.5
%
Expected volatility
17
%

17
%

16
%
Expected dividend yield
2.7
%

3.0
%

2.9
%
Stock Option Activity
A summary of our stock-based compensation activity for the year ended December 28, 2013 is as follows:
Our Stock Option Activity
Options(a)

Average
Price(b)

Average
Life
(years)(c)

Aggregate
Intrinsic
Value(d)
Outstanding at December 29, 2012
68,145


$
59.15





Granted
2,868


$
76.39





Exercised
(20,275
)

$
55.31





Forfeited/expired
(1,276
)

$
64.65





Outstanding at December 28, 2013
49,462


$
61.58


4.86

$
1,045,116

Exercisable at December 28, 2013
37,858


$
59.64


4.55

$
873,257

Expected to vest as of December 28, 2013
11,159

 
$
67.52

 
7.85
 
$
169,498

(a)
Options are in thousands and include options previously granted under PBG and PAS plans. No additional options or shares were granted under the PBG and PAS plans after 2009.
(b)
Weighted-average exercise price.
(c)
Weighted-average contractual life remaining.
(d)
In thousands.
Restricted Stock Units Activity
Our RSU Activity
RSUs(a)

Average
Intrinsic
Value(b)

Average
Life
(years)(c)

Aggregate
Intrinsic
Value(d)
Outstanding at December 29, 2012
11,982


$
65.60





Granted
4,231


$
76.30





Converted
(3,457
)

$
66.38





Forfeited
(817
)

$
67.46





Outstanding at December 28, 2013
11,939


$
69.04


1.37

$
987,473

Expected to vest as of December 28, 2013
11,346

 
$
68.45

 
1.21
 
$
938,435

 

(a)
RSUs are in thousands and include RSUs previously granted under the PBG plan. No additional RSUs or shares were granted under the PBG plan after 2009.
(b)
Weighted-average intrinsic value at grant date.
(c)
Weighted-average contractual life remaining.
(d)
In thousands.
Our PEPUnit Activity

Our PEPUnit Activity
PEPUnits(a)

Average
Intrinsic
Value(b)

Average
Life
(years)(c)

Aggregate
Intrinsic
Value(d)
Outstanding at December 29, 2012
368


$
64.89





Granted
355


$
68.48





Converted
(48
)

$
66.78





Forfeited
—


$
—





Outstanding at December 28, 2013
675


$
66.65


1.70

$
55,809

Expected to vest as of December 28, 2013
608

 
$
66.55

 
1.69
 
$
50,284


(a)
PEPUnits are in thousands.
(b)
Weighted-average intrinsic value at grant date.
(c)
Weighted-average contractual life remaining.
(d)
In thousands.
Other Stock-Based Compensation Data
Other Stock-Based Compensation Data

2013


2012


2011

Stock Options





Total number of options granted(a)
2,868

 
3,696

 
7,150

Weighted-average fair value of options granted
$
8.14


$
6.86


$
7.79

Total intrinsic value of options exercised(a)
$
471,475


$
512,636


$
385,678

RSUs





Total number of RSUs granted(a)
4,231


4,404


5,333

Weighted-average intrinsic value of RSUs granted
$
76.30


$
66.64


$
63.87

Total intrinsic value of RSUs converted(a)
$
294,065


$
236,575


$
173,433

PEPUnits
 
 
 
 
 
Total number of PEPUnits granted(a)
355

 
410

 


Weighted-average intrinsic value of PEPUnits granted
$
68.48

 
$
64.85

 


Total intrinsic value of PEPUnits converted(a)
$
3,868

 
—

 



(a)
In thousands.