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Employee Stock Benefit Plans (Tables) | 12 Months Ended
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Jan. 03, 2025
Share-Based Payment Arrangement [Abstract] |
Summarizes the Components of Stock-Based Compensation Expense | The following table summarizes the components of stock-based compensation expense recognized in our Consolidated Statements of Income for the periods indicated:
| 2024 |  | 2023 |  | 2022
(In millions) |  |  |  |  |
Restricted stock units | $ | 145.2 |  |  | $ | 132.8 |  |  | $ | 108.7 |
Stock options | 3.4 |  |  | 1.8 |  |  | 1.1 |
ESPP | 10.0 |  |  | 10.8 |  |  | 10.6 |
Total stock-based compensation expense | $ | 158.6 |  |  | $ | 145.4 |  |  | $ | 120.4 |
Stock-based compensation expense was allocated as follows:
| 2024 |  | 2023 |  | 2022
(In millions) |  |  |  |  |
Cost of sales | $ | 17.0 |  |  | $ | 14.6 |  |  | $ | 12.6 |
Research and development | 45.0 |  |  | 40.7 |  |  | 28.0 |
Sales and marketing | 29.3 |  |  | 27.1 |  |  | 24.6 |
General and administrative | 67.3 |  |  | 63.0 |  |  | 55.2 |
Total stock-based compensation expense | $ | 158.6 |  |  | $ | 145.4 |  |  | $ | 120.4 |
Summary of Performance of Our Financial Results |
| 2024 Restricted Stock Units Unvested
| Number of Units (1) |  | Weighted Average Grant-Date Fair Value per Share
(In millions, except for per share data) |  |  |
Unvested at the beginning of year | 5.5 |  |  | $ | 58.23 |
Granted (2) | 2.5 |  |  | 65.12 |
Shares vested, net (2) | (2.0) |  |  | 60.13 |
Cancelled and forfeited | (0.6) |  |  | 61.11 |
Unvested at the end of year | 5.4 |  |  | $ | 60.37 |
(1) Includes 0.3 million PSUs granted, 0.1 million PSUs vested, 0.3 million PSUs cancelled and forfeited, and 1.1 million PSUs unvested at the end of the year. (2) Excludes approximately 0.1 million PSUs related to achievement above target levels at the vesting date and approximately 0.1 million PSUs related to shares cancelled due to achievement below target levels.

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + 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 + Details
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