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Share Based Compensation (Tables)
 12 Months Ended
Dec. 28, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Key assumptions in fair value determination The ranges of key assumptions used in determining the fair value of options granted during fiscal 2024, 2023, and 2022, as well as a summary of the methodology applied to develop each assumption, are as follows:
 Fiscal Year
 202420232022
Expected price volatility
27.3% - 29.8%
30.7% - 30.9%
29.9% - 31.3%
Risk-free interest rate
3.7% - 4.6%
3.5% - 4.5%
1.7% - 4.3%
Weighted average expected lives (in years)4.24.24.1
Forfeiture rate6.9 %6.9 %6.9 %
Dividend yield2.0 %1.7 %1.6 %
Key assumptions used in the Monte Carlo simulation for the performance shares with a TSR modifier granted during fiscal 2024 and during fiscal 2023 are presented below:
Fiscal Year
Assumption20242023
Expected volatility28.32 %32.13 %
Risk-free interest rate4.06 %3.70 %
Compounded dividend yield1.95 %1.69 %
Summary of stock option activity A summary of stock option activity is as follows:
Stock Option ActivityOptions
Weighted
Average Exercise
Price
Weighted Average Fair Value
Weighted Average
Remaining
Contractual Term
Aggregate Intrinsic Value
(in thousands)
Outstanding at December 30, 2023 (a)
5,074,385 26.13 5.0$83,492 
Granted682,070 46.78 $11.73 
Exercised(1,528,810)20.05 
Canceled(109,580)40.52 
Outstanding at December 28, 20244,118,065 $31.43 6.0$95,268 
Exercisable at December 28, 20242,907,460 $25.25 5.0$85,225 

(a) All share and related dollar information has been adjusted to reflect the five-for-one Stock Split effective December 20, 2024 as discussed in Note 1.
Other information relative to option activity
Other information relative to options activity during fiscal 2024, 2023, and 2022 is as follows (in thousands):

Fiscal Year
 202420232022
Total fair value of stock options vested$6,837 $7,070 $7,783 
Total intrinsic value of stock options exercised$46,629 $26,092 $25,024 
Restricted stock units activity A summary of restricted stock unit activity is presented below:
Restricted Stock Unit ActivityRestricted Stock UnitsWeighted Average Grant Date Fair Value
Restricted at December 30, 2023 (a)
2,049,980 $39.38 
Granted1,206,221 45.74 
Vested(978,395)37.09 
Forfeited(242,885)44.15 
Restricted at December 28, 20242,034,921 $43.68 

(a) All share and related dollar information has been adjusted to reflect the five-for-one Stock Split effective December 20, 2024 as discussed in Note 1.
Performance-based Share Unit Activity
A summary of performance-based restricted share unit activity is presented below:

Performance-Based Restricted Share Unit ActivityPerformance-Based Restricted Share UnitsWeighted Average Grant Date Fair Value
Restricted at December 30, 2023 (a)
774,095 $38.43 
Granted (b)
286,975 47.11 
Performance Adjustment (c)
403,615 24.07 
Vested(672,735)24.07 
Forfeited(46,970)45.55 
Restricted at December 28, 2024744,980 $46.51 

(a) All share and related dollar information has been adjusted to reflect the five-for-one Stock Split effective December 20, 2024 as discussed in Note 1.
(b) Assumes 100% target level achievement of the relative performance targets. The actual number of shares that will be issued, which may be higher or lower than the target, will be determined by the level of achievement of the relative performance targets, inclusive of the TSR modifier.
(c) Shares adjusted for performance-based restricted share unit awards settled during fiscal 2024 based on actual achievement of performance targets.
Other information relative to restricted unit activity
Other information relative to restricted stock unit activity during fiscal 2024, 2023, and 2022 is as follows (in thousands):
Fiscal Year
 202420232022
Total grant date fair value of restricted stock units vested and issued$36,292 $32,446 $26,031 
Total intrinsic value of restricted stock units vested and issued$46,647 $53,112 $50,532 
Other information relative to performance-based restricted share unit activity during fiscal 2024 is as follows (in thousands):
Fiscal Year
 202420232022
Total grant date fair value of performance-based restricted share units vested and issued$16,195 $9,498 $14,104 
Total intrinsic value of performance-based restricted share units vested and issued$31,020 $23,155 $33,895