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Share-Based Compensation Share-Based Compensation (Tables)

12 Months Ended

Dec. 26, 2020

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Cost by Plan [Table Text Block]

The following table summarizes our total share-based compensation expense, which is primarily recorded in selling, general and administrative expenses, and excess tax benefits recognized:

			2020						2019						2018
Share-based compensation expense - equity awards			$	264					$	237					$	256
Share-based compensation expense - liability awards			11						8						20
Restructuring charges			(1)						(2)						(6)
Total			$	274					$	243					$	270
Income tax benefits recognized in earnings related to share-based compensation			$	48					$	39					$	45
Excess tax benefits related to share-based compensation			$	35					$	50					$	48

Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions

Our weighted-average Black-Scholes fair value assumptions are as follows:

			2020						2019						2018
Expected life			6 years						5 years						5 years
Risk-free interest rate			0.9		%				2.4		%				2.6		%
Expected volatility			14		%				14		%				12		%
Expected dividend yield			3.4		%				3.1		%				2.7		%

Share-based Payment Arrangement, Option, Activity [Table Text Block]

A summary of our stock option activity for the year ended December 26, 2020 is as follows:

			Options(a)						Weighted-Average Exercise Price						Weighted-Average Contractual Life Remaining (years)						Aggregate Intrinsic Value(a)
Outstanding at December 28, 2019			11,625						$	89.03
Granted			1,847						$	131.79
Exercised			(2,440)						$	73.37
Forfeited/expired			(392)						$	102.69
Outstanding at December 26, 2020			10,640						$	99.54					5.26						$	484,362
Exercisable at December 26, 2020			6,545						$	85.84					3.31						$	387,625
Expected to vest as of December 26, 2020			3,719						$	120.67					8.31						$	90,725

(a)In thousands.

Our RSU and PSU Activity

			RSUs/PSUs(a)						Weighted-Average Grant-Date Fair Value						Weighted-Average Contractual Life Remaining (years)						Aggregate Intrinsic Value(a)
Outstanding at December 28, 2019			6,380						$	111.53
Granted (b)			2,496						$	131.21
Converted (c)			(2,315)						$	109.61
Forfeited			(434)						$	117.51
Outstanding at December 26, 2020 (d)			6,127						$	119.92					1.27						$	888,832
Expected to vest as of December 26, 2020			5,447						$	119.72					1.26						$	790,179

(a)In thousands.

(b)Grant activity for all PSUs are disclosed at target.

(c)Represents the number of PSUs that vested during the year, net of awards above and below target levels based on the achievement of its performance conditions.

(d)The outstanding PSUs for which the vesting period has not ended as of December 26, 2020, at the threshold, target and maximum award levels were zero, 1 million and 2 million, respectively.

Schedule of Liability Award Vested and Expected to Vest [Table Text Block]

			Long-Term Cash Award(a)						Balance Sheet Date Fair Value(a)						Contractual Life Remaining (years)
Outstanding at December 28, 2019			$	44,224
Granted (b)			18,975
Vested (c)			(15,686)
Forfeited			—
Outstanding at December 26, 2020 (d)			$	47,513					$	45,669					1.23
Expected to vest as of December 26, 2020			$	42,658					$	41,318					1.14

(a)In thousands.

(b)Grant activity for all long-term cash awards are disclosed at target.

(c)Represents the amount of long-term cash awards that vested during the year, net of awards above and below target levels based on the achievement of its market conditions.

(d)The outstanding long-term cash awards for which the vesting period has not ended as of December 26, 2020, at the threshold, target and maximum award levels were zero, 48 million and 95 million, respectively

Other Share-Based Compensation Data

The following is a summary of other share-based compensation data:

			2020						2019						2018
Stock Options
Total number of options granted (a)			1,847						1,286						1,429
Weighted-average grant-date fair value of options granted			$	8.31					$	10.89					$	9.80
Total intrinsic value of options exercised (a)			$	155,096					$	275,745					$	224,663
Total grant-date fair value of options vested (a)			$	8,652					$	9,838					$	15,506
RSUs/PSUs
Total number of RSUs/PSUs granted (a)			2,496						2,754						2,634
Weighted-average grant-date fair value of RSUs/PSUs granted			$	131.21					$	116.87					$	108.75
Total intrinsic value of RSUs/PSUs converted (a)			$	303,165					$	333,951					$	260,287
Total grant-date fair value of RSUs/PSUs vested (a)			$	235,523					$	275,234					$	232,141
PEPunits
Total intrinsic value of PEPunits converted (a)			$	—					$	—					$	30,147
Total grant-date fair value of PEPunits vested (a)			$	—					$	—					$	9,430

(a)In thousands.

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