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Stock-based Compensation and Other Stock Plans (Tables) | 6 Months Ended
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Jun. 29, 2013
Summary of Changes in Non-Vested Performance Awards | The changes to the company’s non-vested performance awards during the six month period ended June 29, 2013, are as follows:
|  | Shares (in thousands) |  |  | Fair Value Price per Share (*) |
Non-vested performance awards at December 29, 2012 |  |  | 509 |  |  | $ | 59.36 |
Granted |  |  | 172 |  |  |  | 77.31 |
Vested |  |  | – |  |  |  | – |
Cancellations |  |  | – |  |  |  | – |
Non-vested performance awards at June 29, 2013 |  |  | 681 |  |  |  | 63.89 |
* Weighted-average
Summary of Changes in Non-Vested Awards | Changes to the company’s non-vested stock-settled SARs during the six month period ended June 29, 2013, are as follows:
|  | SARs (in thousands) |  |  | Exercise Price Per Share (*) |  |  | Remaining Contractual Term (*) (in years) |  |  | Aggregate Intrinsic Value (in millions) |
Outstanding at December 29, 2012 |  |  | – |  |  | $ | – |  |  |  |  |  |  |  |  |
Granted |  |  | 119 |  |  |  | 79.04 |  |  |  |  |  |  |  |  |
Exercised |  |  | – |  |  |  | – |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | – |  |  |  | – |  |  |  |  |  |  |  |  |
Outstanding at June 29, 2013 |  |  | 119 |  |  |  | 79.04 |  |  |  | 9.6 |  |  | $ | 1.2 |
Exercisable at June 29, 2013 |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
* Weighted-average
Stock-Settled SARs [Member] |
Summary of Weighted-Average Assumptions of Fair Value Granted Using Black-Scholes Valuation Model | The following weighted-average assumptions were used in calculating the fair value of stock-settled SARs granted during the six month period ended June 29, 2013, using the Black-Scholes valuation model:
|  | Six Months Ended June 29, 2013
Expected term of SARs (in years) |  |  |  | 4.25 |
Expected volatility factor |  |  |  | 34.09 | %
Expected dividend yield |  |  |  | 2.67 | %
Risk-free interest rate |  |  |  | 0.92 | %
Stock Option [Member] |
Summary of Weighted-Average Assumptions of Fair Value Granted Using Black-Scholes Valuation Model | The following weighted-average assumptions were used in calculating the fair value of stock options granted during the three month period ended June 30, 2012, and the six month periods ended June 29, 2013, and June 30, 2012, using the Black-Scholes valuation model:
|  | Three Months Ended |  | Six Months Ended
|  | June 29, 2013 |  | June 30, 2012 |  | June 29, 2013 |  | June 30, 2012
Expected term of option (in years) |  | N/A |  | 5.29 |  | 4.29 |  | 5.37
Expected volatility factor |  | N/A |  | 37.31% |  | 33.81% |  | 36.93%
Expected dividend yield |  | N/A |  | 2.73% |  | 2.67% |  | 2.72%
Risk-free interest rate |  | N/A |  | 0.78% |  | 0.79% |  | 0.82%
Summary of Stock Option Activity | A summary of stock option activity as of and for the six month period ended June 29, 2013, is presented below:
|  | Shares (in thousands) |  |  | Exercise Price Per Share (*) |  |  | Remaining Contractual Term (*) (in years) |  |  | Aggregate Intrinsic Value (in millions) |
Outstanding at December 29, 2012 |  |  | 2,161 |  |  | $ | 50.48 |  |  |  |  |  |  |  |  |
Granted |  |  | 640 |  |  |  | 79.04 |  |  |  |  |  |  |  |  |
Exercised |  |  | (299) |  |  |  | 47.28 |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | – |  |  |  | – |  |  |  |  |  |  |  |  |
Outstanding at June 29, 2013 |  |  | 2,502 |  |  |  | 58.17 |  |  |  | 7.5 |  |  | $ | 78.1 |
Exercisable at June 29, 2013 |  |  | 1,263 |  |  |  | 46.93 |  |  |  | 6.0 |  |  |  | 53.6 |
* Weighted-average
Stock Appreciation Rights (SARs) [Member] |
Summary of Weighted-Average Assumptions of Fair Value Granted Using Black-Scholes Valuation Model | The following weighted-average assumptions were used in calculating the fair value of cash-settled SARs granted during the three month period ended June 30, 2012 and the six month periods ended June 29, 2013, and June 30, 2012, using the Black-Scholes valuation model:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 29, 2013 |  |  | June 30, 2012 |  |  | June 29, 2013 |  |  | June 30, 2012 |
Expected term of SARs (in years) |  |  | N/A |  |  |  | 5.20 |  |  |  | 3.81 |  |  |  | 4.93 |
Expected volatility factor |  |  | N/A |  |  |  | 37.22% |  |  |  | 26.55% |  |  |  | 37.57% |
Expected dividend yield |  |  | N/A |  |  |  | 2.73% |  |  |  | 2.70% |  |  |  | 2.73% |
Risk-free interest rate |  |  | N/A |  |  |  | 0.72% |  |  |  | 0.66% |  |  |  | 0.72%
Summary of Changes in Non-Vested Awards | Changes to the company’s non-vested cash-settled SARs during the six month period ended June 29, 2013, are as follows:
|  | SARs (in thousands) |  |  | Fair Value Price per Share (*) |
Non-vested SARs at December 29, 2012 |  |  | 238 |  |  | $ | 24.26 |
Granted |  |  | 4 |  |  |  | 18.00 |
Vested |  |  | (113) |  |  |  | 32.72 |
Cancellations |  |  | (3) |  |  |  | – |
Non-vested SARs at June 29, 2013 |  |  | 126 |  |  |  | 27.47 |
* Weighted-average

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- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -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 50 -Paragraph 2 -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 appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights 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 (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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