Stockbased Compensation Expense

9 Months Ended

Sep. 26, 2015

Stock-based Compensation Expense Disclosure [Abstract]

Stock-based Compensation Expense [Text Block]

Note 5. Stock-based Compensation Expense

	The components of stock-based compensation expense are primarily included in selling, general and
administrative expenses and include the following:
			Three Months Ended						Nine Months Ended
		September 26,			September 27,			September 26,			September 27,
(In millions)			2015			2014			2015			2014
Stock Option Awards			$	11.1		$	11.7		$	32.4		$	34.1
Restricted Unit Awards				21.4			18.9			59.4			52.5
Total Stock-based Compensation Expense			$	32.5		$	30.6		$	91.8		$	86.6

As of September 26,2015, there was $84 million of total unrecognized compensation cost related to unvested stock options granted. The cost is expected to be recognized through 2019 with a weighted average amortization period of 2.4 years.

As of September 26,2015, there was $140 million of total unrecognized compensation cost related to unvested restricted stock unit awards. The cost is expected to be recognized through 2019 with a weighted average amortization period of 2.2 years.

During the first nine months of 2015, the company made equity compensation grants to employees consisting of 0.9 million service- and performance-based restricted stock units and options to purchase 1.8 million shares.

Certain pre-acquisition equity awards of Life Technologies were converted to rights to receive future cash payments over the remaining vesting period. In addition to stock-based compensation, which is included in the above table, in thethird quarter of 2015 and 2014 and firstnine months of2015 and 2014, the company recorded expense for cash-in-lieu of equity of $4.2 million, $9.2 million, $18.1million and $26.3 million, respectively, related to these arrangements.