Stock-based Compensation Expense

6 Months Ended

Jul. 01, 2017

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				Six Months Ended
	July 1,		July 2,		July 1,		July 2,
(In millions)	2017		2016		2017		2016
Stock Option Awards	$	11.2	$	10.0	$	21.4	$	20.6
Restricted Unit Awards	27.0		23.7		49.8		46.5
Total Stock-based Compensation Expense	$	38.2	$	33.7	$	71.2	$	67.1

During the first six months of 2017, the company made equity compensation grants to employees consisting of 0.7 million service- and performance-based restricted stock units and options to purchase 1.8 million shares.

As of July 1, 2017, there was $93 million of total unrecognized compensation cost related to unvested stock options granted. The cost is expected to be recognized through 2021 with a weighted average amortization period of 2.6 years.

As of July 1, 2017, there was $168 million of total unrecognized compensation cost related to unvested restricted stock unit awards. The cost is expected to be recognized through 2020 with a weighted average amortization period of 2.2 years.