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Stock Plans and Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 26, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of share-based compensation and related income tax benefit | Total pre-tax expense associated with share-based compensation and its related income tax benefit is as follows: NOTE 4. Stock Plans and Share-Based Compensation, continued
| Fiscal Years
(Dollars in Millions) | 2014 |  | 2013 |  | 2012
Share-Based Compensation Expense | $ | 33 |  |  | $ | 14 |  |  | $ | 14 |
Income Tax Benefit | 13 |  |  | 6 |  |  | 5 |
Schedule of outstanding restricted stock awards | he following table provides information about outstanding restricted stock units and awards combined. As of December 2014, unrecognized compensation expense for these awards and units was approximately $16 million, which will be expensed over a weighted-average remaining period of 2 years.
| Fiscal Years
| 2014 | 2013 | 2012
Restricted Stock Units and Awards Outstanding (Thousands)(a) | 1,383 |  | 1,462 |  | 1,353 |
Weighted-Average Fair Value at Grant Date | $ | 25.03 |  | $ | 23.89 |  | $ | 21.38 |
Restricted Stock Units and Awards Expense (Millions)(a) | 11 |  | 10 |  | 9 |
Unvested Restricted Stock Units and Awards Outstanding (Thousands) | 601 |  | 705 |  | 629 |
Weighted-Average Fair Value of Unvested Units and Awards Outstanding | $ | 26.40 |  | $ | 24.17 |  | $ | 22.48 |
(a) Time-based restricted stock units were granted to certain employees under the respective Long-term Incentive Plans in the amount of 371,000, 524,000, and 433,000 in 2014, 2013 and 2012, respectively, as described below. These units vest over three years, therefore only a partial amount of expense was recognized in 2014, 2013, and 2012, respectively.
Schedule of target units granted and weighted-average fair value calculations |
| LTIP Plan (Plan Ended In)
| 2014 |  | 2015 |  | 2016
Number of target units outstanding (Thousands)(a) | 1,338 |  |  | 1,330 |  |  | 1,119 |
Weighted-average fair value at grant date (a) | $ | 22.23 |  |  | $ | 25.50 |  |  | $ | 28.03 |
Payout Range | 0% - 200% |  |  | 0% - 200% |  |  | 0% - 200% |
(a) Number of target units granted and weighted-average fair value calculations above include the value of both initial grants and subsequent, smaller grants issued at different prices based on grant date fair value to new or promoted employees not previously included.
Schedule of outstanding long-term incentive plans | The activity related to each of the outstanding long-term incentive plans is summarized as follows:
| LTIP Plan (Plan Ended In) | Weighted-Average Fair Value at Grant Date
(Units Outstanding, in Thousands) | 2014 |  | 2015 |  | 2016
Unvested at December 28, 2012 | 1,237 |  |  | — |  |  | — |  | $ | 21.98 |
Granted in 2013 | 85 |  |  | 1,354 |  |  | — |  | 25.26 |
Forfeited in 2013 | (4 | ) |  | (75 | ) |  | — |  | (25.19 | )
Unvested at December 27, 2013 | 1,318 |  |  | 1,279 |  |  | — |  | 23.70 |
Granted in 2014 | 20 |  |  | 52 |  |  | 1,144 |  | 28.13 |
Forfeited in 2014 | — |  |  | (1 | ) |  | (25 | ) | (28.07 | )
Cancelled due to performance conditions(a) | (1,338 | ) |  | — |  |  | — |  | (22.23 | )
Vested at December 26, 2014 | — |  |  | — |  |  | — |  | — |
Unvested at December 26, 2014 | — |  |  | 1,330 |  |  | 1,119 |  | $ | 26.66 |
(a) The minimum financial target was not met in 2014. As a result, there was no performance unit payout for the LTIP ended December 26, 2014.
Schedule of shares issued to directors | The following table provides information about shares issued to directors.
| Fiscal Years
| 2014 |  | 2013 |  | 2012
Shares Issued to Directors (Thousands) | 79 |  |  | 105 |  |  | 102 |
Expense (Millions) | $ | 2 |  |  | $ | 2 |  |  | $ | 2 |
Weighted Average Grant Date Stock Price | $ | 28.01 |  |  | $ | 23.12 |  |  | $ | 21.92 |

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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock awards granted to nonemployee directors that were outstanding at the beginning and end of the year, and the number of awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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