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Share-Based Compensation (Tables) | 6 Months Ended
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Jul. 03, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of Compensation Expense and Related Income Tax benefit | The compensation expense from the Company’s share-based compensation plans and associated income tax benefit, excluding the effects of excess tax benefits or shortfalls, were included in the Consolidated Statements of Operations as follows (in millions):
| Three Months Ended |  | Six Months Ended
Compensation costs and related income tax benefit | July 3, 2021 |  | June 27, 2020 |  | July 3, 2021 |  | June 27, 2020
Cost of sales | $ | 2 |  |  | $ | 1 |  |  | $ | 4 |  |  | $ | 2 |
Selling and marketing | 7 |  |  | 5 |  |  | 13 |  |  | 6 |
Research and development | 8 |  |  | 4 |  |  | 14 |  |  | 6 |
General and administration | 10 |  |  | 7 |  |  | 17 |  |  | 9 |
Total compensation expense | $ | 27 |  |  | $ | 17 |  |  | $ | 48 |  |  | $ | 23 |
Income tax benefit | $ | 4 |  |  | $ | 2 |  |  | $ | 7 |  |  | $ | 4 |
Summary of Restricted and Performance Stock-settled Awards | A summary of the Company’s restricted and performance stock-settled awards for the six months ended July 3, 2021 is as follows:
| RSUs |  | PSUs |  | RSAs |  |  | PSAs
| Units |  | Weighted-Average Grant Date Fair Value |  | Units |  | Weighted-Average Grant Date Fair Value |  | Shares |  | Weighted-Average Grant Date Fair Value |  |  | Shares |  | Weighted-Average Grant Date Fair Value
Outstanding at beginning of period | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | 318,565 |  |  | $ | 228.08 |  |  |  | 126,022 |  |  | $ | 199.77 |
Granted | 79,057 |  |  | 482.45 |  |  | 38,393 |  |  | 482.42 |  |  | 5,832 |  |  | 483.17 |  |  |  | — |  |  | — |
Released | (101) |  |  | 482.42 |  |  | — |  |  | — |  |  | (147,135) |  |  | 202.92 |  |  |  | (44,023) |  |  | 151.72 |
Forfeited | (541) |  |  | 482.42 |  |  | (296) |  |  | 482.42 |  |  | (5,088) |  |  | 228.99 |  |  |  | (2,102) |  |  | 237.03 |
Outstanding at end of period | 78,415 |  |  | $ | 482.45 |  |  | 38,097 |  |  | $ | 482.42 |  |  | 172,174 |  |  | $ | 258.20 |  |  |  | 79,897 |  |  | $ | 225.65 |
Summary of SARs Activity | A summary of the Company’s SARs for the six months ended July 3, 2021 is as follows:
SARs |  | SARs |  | Weighted-Average Exercise Price
Outstanding at beginning of period |  | 638,124 |  |  | $ | 113.98 |
Granted |  | — |  |  | — |
Exercised |  | (94,306) |  |  | 78.73 |
Forfeited |  | (3,826) |  |  | 211.28 |
Outstanding at end of period |  | 539,992 |  |  | $ | 119.46 |
Exercisable at end of period |  | 446,171 |  |  | $ | 97.73 |
The following table summarizes information related to the SARs outstanding as of July 3, 2021:
| Outstanding |  | Exercisable
Aggregate intrinsic value (in millions) | $ | 227 |  |  | $ | 197 |
Weighted-average remaining contractual life | 4.0 |  | 3.8
Summary of Reflexis Replacement Options Outstanding | A summary of the Reflexis Replacement Options outstanding is as follows:
Reflexis Replacement Options | Options |  | Weighted-Average Exercise Price
Outstanding at beginning of period | 34,424 |  |  | $ | 58.09 |
Granted | — |  |  | — |
Exercised | (4,706) |  |  | 58.85 |
Forfeited | (1,529) |  |  | 63.01 |
Outstanding at end of period | 28,189 |  |  | $ | 57.78 |
Exercisable at end of period | 14,016 |  |  | $ | 54.88 |
The following table summarizes information related to the Reflexis Replacement Options outstanding as of July 3, 2021:
| Outstanding |  | Exercisable
Aggregate intrinsic value (in millions) | $ | 14 |  |  | $ | 7 |
Weighted-average remaining contractual life | 6.9 |  | 6.6

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