XML 91 R50.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Common stock, stock option plans and stock compensation agreements (Tables) | 12 Months Ended
--- | ---
Dec. 29, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule Valuation Assumptions | The average fair value of options granted was $27.67, $27.85 and $23.23, in fiscal years 2024, 2023 and 2022, respectively. The fair value was estimated based on the weighted average assumptions of:
| 2024 |  | 2023 |  | 2022
Risk-free rate | 4.15 | % |  | 3.74 | % |  | 1.98 | %
Expected volatility | 17.85 | % |  | 17.69 | % |  | 18.00 | %
Expected life (in years) | 7.0 |  | 7.0 |  | 7.0
Expected dividend yield | 3.10 | % |  | 2.90 | % |  | 2.70 | %
Summary of Stock Option Activity | A summary of option activity under the Plan as of December 29, 2024, is presented below:
(Shares in Thousands) |  | Outstanding Shares |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value (Dollars in Millions)
Shares at December 31, 2023 |  | 112,238 |  | $139.88 |  | $2,239
Options granted |  | 13,917 |  | 157.92 |  |
Options exercised |  | (10,771) |  | 107.06 |  |
Options canceled/forfeited |  | (2,755) |  | 162.45 |  |
Shares at December 29, 2024 |  | 112,629 |  | $144.69 |  | $1,129
Summary of Options Outstanding | The following table summarizes stock options outstanding and exercisable at December 29, 2024:
(Shares in Thousands) |  | Outstanding |  | Exercisable
Exercise Price Range |  | Options |  | Average Life(1) |  | Weighted Average Exercise Price |  | Options |  | Weighted Average Exercise Price
$100.06 - $101.87 |  | 13,016 |  | 0.8 |  | $101.29 |  | 13,016 |  | $101.29
$115.67 - $129.51 |  | 18,252 |  | 2.6 |  | 122.49 |  | 18,252 |  | 122.49
$131.94 - $151.41 |  | 25,624 |  | 4.6 |  | 142.87 |  | 25,624 |  | 142.87
$157.92 - $162.75 |  | 26,391 |  | 8.6 |  | 160.33 |  | 4,269 |  | 162.75
$164.62 - $165.89 |  | 29,346 |  | 6.6 |  | 165.29 |  | 13,522 |  | 164.64
|  | 112,629 |  | 5.3 |  | $144.69 |  | 74,683 |  | $135.72
(1)Average contractual life remaining in years.
Summary of Restricted Share Units | A summary of the restricted share units and performance share units activity under the Plans as of December 29, 2024 is presented below:
(Shares in Thousands) |  | Outstanding Restricted Share Units |  | Outstanding Performance Share Units
Shares at December 31, 2023 |  | 12,938 |  | 2,037
Granted |  | 6,331 |  | 906
Issued |  | (5,454) |  | (808)
Canceled/forfeited/adjusted |  | (774) |  | (122)
Shares at December 29, 2024 |  | 13,041 |  | 2,013

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration