Stock-based Compensation Expense

3 Months Ended

Apr. 02, 2016

Disclosure of Compensation Related Costs, Share-based Payments [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 are as follows:

	Three Months Ended
	April 2,		March 28,
(In millions)	2016		2015
Stock Option Awards	$	10.6	$	10.4
Restricted Unit Awards	22.8		17.8
Total Stock-based Compensation Expense	$	33.4	$	28.2

During the first three months of 2016, the company made equity compensation grants to employees consisting of 0.7 million service- and performance-based restricted stock units and options to purchase 1.6 million shares.

As of April 2, 2016, there was $99 million of total unrecognized compensation cost related to unvested stock options granted. The cost is expected to be recognized through 2020 with a weighted average amortization period of 2.7 years.

As of April 2, 2016, there was $187 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 2.4 years.