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LONG-TERM INCENTIVE COMPENSATION (Tables) | 12 Months Ended
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Dec. 28, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense and the Related Recognized Tax Benefit | Stock-based compensation expense and the related recognized tax benefit were as follows:
(In millions) |  | 2024 |  | 2023 |  | 2022
Stock-based compensation expense |  | $ | 28.7 |  |  | $ | 22.3 |  |  | $ | 47.4 |
Tax benefit |  | 2.6 |  |  | 2.4 |  |  | 6.7 |
Schedule of Information Related to Stock Options | The following table summarizes information related to stock options:
|  | Number of options (in thousands) |  | Weighted average exercise price |  | Weighted average remaining contractual life (in years) |  | Aggregate intrinsic value (in millions)
Outstanding at December 30, 2023 |  | 204.1 |  |  | $ | 109.92 |  |  | 4.36 |  | $ | 18.7 |
Exercised |  | (141.1) |  |  | 73.96 |  |  |  |  |
Outstanding at December 28, 2024 |  | 63.0 |  |  | $ | 190.54 |  |  | 8.68 |  | $ | — |
Options vested and expected to vest at December 28, 2024 |  | 54.8 |  |  | 190.54 |  |  | 8.68 |  | — |
Options exercisable at December 28, 2024 |  | — |  |  | $ | — |  |  |  |  | $ | — |
Schedule of Information Related to Awarded PUs | The following table summarizes information related to awarded PUs:
|  | Number of PUs (in thousands) |  | Weighted average grant-date fair value
Unvested at December 30, 2023 |  | 300.7 |  |  | $ | 174.54 |
Granted at target |  | 68.3 |  |  | 224.82 |
Adjustment for above-target performance(1) |  | 37.7 |  |  | 197.75 |
Vested |  | (104.2) |  |  | 197.75 |
Forfeited/cancelled |  | (10.4) |  |  | 184.82 |
Unvested at December 28, 2024 |  | 292.1 |  |  | $ | 181.94 |
(1) Reflects adjustments for above-target performance for the 2021-2023 PUs.
Schedule of Information Related to Awarded MSUs | The following table summarizes information related to awarded MSUs:
|  | Number of MSUs (in thousands) |  | Weighted average grant- date fair value
Unvested at December 30, 2023 |  | 195.5 |  |  | $ | 167.16 |
Granted at target |  | 55.2 |  |  | 259.75 |
Adjustments for above-target performance(1) |  | 20.6 |  |  | 129.76 |
Vested |  | (99.2) |  |  | 147.25 |
Forfeited/cancelled |  | (8.4) |  |  | 198.29 |
Unvested at December 28, 2024 |  | 163.7 |  |  | $ | 202.83 |
(1) Reflects adjustments for above-target performance for each of the tranches of MSUs vesting in 2024.
Schedule of Information Related to Awarded RSUs | The following table summarizes information related to awarded RSUs:
|  | Number of RSUs (in thousands) |  | Weighted average grant-date fair value
Unvested at December 30, 2023 |  | 66.5 |  |  | $ | 171.68 |
Granted |  | 53.7 |  |  | 210.74 |
Vested |  | (18.4) |  |  | 175.42 |
Forfeited/cancelled |  | (6.9) |  |  | 196.80 |
Unvested at December 28, 2024 |  | 94.9 |  |  | $ | 191.22 |

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