Stockbased Compensation Expense

6 Months Ended

Jul. 02, 2011

Stock-based Compensation Expense Disclosure [Abstract]

Stock-based Compensation Expense

5.       Stock-based Compensation Expense

       The components of pre-tax stock-based compensation expense for the company's continuing operations are as follows:

		Three Months Ended					Six Months Ended
		July 2,		July 3,			July 2,		July 3,
(In millions)		2011			2010		2011			2010
Stock Option Awards		$	12.3		$	12.5	$	25.3		$	23.9
Restricted Share/Unit Awards			8.0			9.5		16.6			16.9
Total Stock-based Compensation Expense		$	20.3		$	22.0	$	41.9		$	40.8
	Stock-based compensation expense is included in the accompanying statement of income as follows:
		Three Months Ended					Six Months Ended
		July 2,		July 3,			July 2,		July 3,
(In millions)		2011			2010		2011			2010
Cost of Revenues		$	1.4		$	1.6	$	2.9		$	2.9
Selling, General and Administrative Expenses			18.4			20.0		38.0			37.1
Research and Development Expenses			0.5			0.4		1.0			0.8
Total Stock-based Compensation Expense		$	20.3		$	22.0	$	41.9		$	40.8

       No stock-based compensation expense has been capitalized in inventories due to immateriality.

       Unrecognized compensation cost related to unvested stock options and restricted stock totaled approximately $105 million and $54 million, respectively, as of July 2,2011, and is expected to be recognized through 2015 with weighted average amortization periods of 2.9 years and 2.3 years, respectively.

       During the first six months of 2011, the company made equity compensation grants to employees consisting of 0.5 million restricted units and options to purchase 3.4 million shares.