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CAPITAL STOCK (Tables)
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Basic and Diluted Earnings Per Share The following table reconciles net earnings attributable to common shareowners and the weighted-average shares outstanding used to calculate basic and diluted earnings per share for the fiscal years ended December 31, 2022, January 1, 2022, and January 2, 2021.
202220212020
Numerator (in millions):
Net Earnings from Continuing Operations Attributable to Common Shareowners$164.3 $1,538.3 $1,129.8 
Add: Contract adjustment payments accretion1.2 1.3 1.7 
Net Earnings from Continuing Operations Attributable to Common Shareowners - Diluted165.5 1,539.6 1,131.5 
Net earnings from discontinued operations892.4 136.7 79.9 
Net Earnings Attributable to Common Shareowners - Diluted$1,057.9 $1,676.3 $1,211.4 
202220212020
Denominator (in thousands):
Basic weighted-average shares outstanding148,170 158,760 154,176 
Dilutive effect of stock contracts and awards8,383 6,264 8,251 
Diluted weighted-average shares outstanding156,553 165,024 162,427 

Earnings per share of common stock:
Basic earnings per share of common stock:
Continuing operations$1.11 $9.69 $7.33 
Discontinued operations$6.02 $0.86 $0.52 
Total basic earnings per share of common stock$7.13 $10.55 $7.85 
Diluted earnings per share of common stock:
Continuing operations$1.06 $9.33 $6.97 
Discontinued operations$5.70 $0.83 $0.49 
Total dilutive earnings per share of common stock$6.76 $10.16 $7.46 
Weighted-Average Stock Options, Warrants and Equity Purchase Contracts Not Included in Computation of Diluted Shares Outstanding The following weighted-average stock options were not included in the computation of weighted-average diluted shares outstanding because the effect would be anti-dilutive (in thousands):
202220212020
Number of stock options4,019 1,039 2,376 
Common Stock Share Activity Common stock activity for 2022, 2021 and 2020 was as follows:
202220212020
Outstanding, beginning of year163,328,776 160,752,262 153,506,409 
Issued from treasury5,711,974 3,105,587 7,474,394 
Returned to treasury(16,057,220)(529,073)(228,541)
Outstanding, end of year152,983,530 163,328,776 160,752,262 
Shares subject to the forward share purchase contract(3,645,510)(3,645,510)(3,645,510)
Outstanding, less shares subject to the forward share purchase contract149,338,020 159,683,266 157,106,752 
Common Stock Shares Reserved Common stock shares reserved for issuance under various employee and director stock plans at December 31, 2022 and January 1, 2022 are as follows: 
20222021
Employee stock purchase plan1,251,699 1,388,655 
Other stock-based compensation plans8,403,765 5,260,005 
Total shares reserved9,655,464 6,648,660 
Weighted Average Assumptions The following weighted-average assumptions were used to value grants made in 2022, 2021 and 2020:
202220212020
Average expected volatility38.6 %34.0 %35.0 %
Dividend yield3.7 %1.6 %1.6 %
Risk-free interest rate3.2 %1.3 %0.4 %
Expected life4.2 years5.3 years5.3 years
Fair value per option$20.00 $52.39 $48.36 
Weighted-average vesting period1.7 years2.9 years2.8 years
Number of Stock Options and Weighted-average Exercise Prices The number of stock options and weighted-average exercise prices as of December 31, 2022 are as follows:
 OptionsPrice
Outstanding, beginning of year5,573,672 $151.46 
Granted868,139 78.83 
Exercised(295,451)86.30 
Forfeited(864,647)169.79 
Outstanding, end of year5,281,713 $140.22 
Exercisable, end of year3,591,149 $145.59 
Outstanding and Exercisable Stock Option Outstanding and exercisable stock option information at December 31, 2022 follows:
 Outstanding Stock OptionsExercisable Stock Options
Exercise Price RangesOptionsWeighted-
Average
Remaining
Contractual Life		Weighted-
Average
Exercise Price		OptionsWeighted-
Average
Remaining
Contractual Life		Weighted-
Average
Exercise Price
$100.00 and below
1,045,223 8.29$80.46 207,890 1.69$91.05 
100.01 — 165.00
2,257,043 5.24132.05 2,078,188 5.05131.04 
165.01 — higher
1,979,447 7.10181.09 1,305,071 6.37177.45 
5,281,713 6.54$140.22 3,591,149 5.34$145.59 
Summary of Non-Vested Restricted Stock Unit Activity A summary of non-vested restricted share units and award activity as of December 31, 2022, and changes during the year then ended is as follows:
Restricted Share
Units & Awards		Weighted-Average
Grant
Date Fair Value
Non-vested at January 1, 2022978,351 $173.06 
Granted870,848 85.05 
Vested(308,783)163.11 
Forfeited(273,954)171.08 
Non-vested at December 31, 20221,266,462 $115.02 
A summary of the activity pertaining to the maximum number of shares that may be issued is as follows:
MICP PSUsWeighted-Average
Grant
Date Fair Value
Non-vested at January 1, 2022249,730 $100.73 
Granted— — 
Vested(144,923)104.32 
Forfeited(37,109)99.75 
Non-vested at December 31, 202267,698 $93.58 
A summary of the activity pertaining to the maximum number of shares that may be issued is as follows:
LTIP UnitsWeighted-Average
Grant
Date Fair Value
Non-vested at January 1, 2022649,806 $145.90 
Granted250,518 157.05 
Vested(92,589)123.56 
Forfeited(273,149)139.67 
Non-vested at December 31, 2022534,586 $158.18