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Share-Based Compensation Share-Based Compensation (Tables)
12 Months Ended
Dec. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Cost by Plan [Table Text Block]
The following table summarizes our total share-based compensation expense, which is primarily recorded in selling, general and administrative expenses, and excess tax benefits recognized:
202320222021
Share-based compensation expense - equity awards$380 $343 $301 
Share-based compensation expense - liability awards19 30 20 
Acquisition and divestiture-related charges — 
Restructuring charges(1)— 
Total$398 $376 $322 
Income tax benefits recognized in earnings related to share-based compensation$73 $62 $57 
Excess tax benefits related to share-based compensation
$36 $44 $38 
Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions
Our weighted-average Black-Scholes fair value assumptions are as follows:
202320222021
Expected life7 years7 years7 years
Risk-free interest rate4.2 %1.9 %1.1 %
Expected volatility16 %16 %14 %
Expected dividend yield2.7 %2.5 %3.1 %
Share-based Payment Arrangement, Option, Activity [Table Text Block]
A summary of our stock option activity for the year ended December 30, 2023 is as follows:
Options(a)
Weighted-Average Exercise
Price Per Unit
Weighted-Average Contractual
Life Remaining
(years)
Aggregate Intrinsic
Value(a)
Outstanding at December 31, 202210,504 $124.63 
Granted2,162 $171.73 
Exercised(1,205)$96.82 
Forfeited/expired(294)$149.42 
Outstanding at December 30, 202311,167 $136.10 6.16$380,801 
Exercisable at December 30, 20235,225 $111.18 3.74$306,536 
Expected to vest as of December 30, 20235,604 $157.42 8.25$73,219 
(a)In thousands.
Our RSU and PSU Activity
A summary of our RSU and PSU activity for the year ended December 30, 2023 is as follows:

RSUs/PSUs(a)
Weighted-Average
Grant-Date Fair Value Per Unit
Weighted-Average Contractual Life
Remaining (years)
Aggregate
Intrinsic
Value(a)
Outstanding at December 31, 20225,714 $143.02 
Granted2,151 $171.11 
Converted(1,982)$134.42 
Forfeited(285)$153.07 
Outstanding at December 30, 2023 (b)
5,598 $156.43 1.22$950,735 
Expected to vest as of December 30, 2023 (c)
5,853 $155.51 1.17$993,990 
(a)In thousands. Outstanding awards are disclosed at target.
(b)The outstanding PSUs for which the vesting period has not ended as of December 30, 2023, at the threshold, target and maximum award levels were zero, 0.7 million and 1.3 million, respectively.
(c)Represents the number of outstanding awards expected to vest, including estimated performance adjustments on all outstanding PSUs as of December 30, 2023.
Schedule of Liability Award Vested and Expected to Vest [Table Text Block]
A summary of our long-term cash activity for the year ended December 30, 2023 is as follows:
Long-Term Cash
Award(a)
Balance Sheet Date Fair Value(b)
Contractual Life Remaining
(years)
Outstanding at December 31, 2022$50,254 
Granted20,298 
Vested(17,171)
Forfeited(1,530)
Outstanding at December 30, 2023 (c)
$51,851 $55,058 1.26
Expected to vest as of December 30, 2023$49,161 $52,678 1.23
(a)In thousands, disclosed at target.
(b)In thousands, based on the most recent valuation as of December 30, 2023.
(c)The outstanding awards for which the vesting period has not ended as of December 30, 2023, at the threshold, target and maximum award levels based on the achievement of its market conditions were zero, $52 million and $104 million, respectively.
Other Share-Based Compensation Data
The following is a summary of other share-based compensation data:
202320222021
Stock Options
Total number of options granted (a)
2,162 2,422 2,157 
Weighted-average grant-date fair value per unit of options granted$29.81 $19.72 $9.88 
Total intrinsic value of options exercised (a)
$100,209 $134,580 $153,306 
Total grant-date fair value of options vested (a)
$11,830 $9,661 $10,605 
RSUs/PSUs
Total number of RSUs/PSUs granted (a)
2,151 2,263 2,636 
Weighted-average grant-date fair value per unit of RSUs/PSUs granted$171.11 $163.02 $131.81 
Total intrinsic value of RSUs/PSUs converted (a)
$396,123 $329,705 $273,878 
Total grant-date fair value of RSUs/PSUs vested (a)
$286,605 $196,649 $198,469 
(a)In thousands.