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CAPITAL STOCK (Tables) | 12 Months Ended
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Dec. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Reconciliation of Net Earnings Attributable to Common Shareholders and Weighted Average Shares Outstanding used to Calculate Basic and Diluted Earnings Per Share | The following table reconciles net earnings attributable to common shareowners and the weighted-average shares outstanding used to calculate basic and diluted earnings per share for the fiscal years ended December 28, 2019, December 29, 2018, and December 30, 2017.
| 2019 |  | 2018 |  | 2017
Numerator (in millions): |  |  |  |  |
Net Earnings Attributable to Common Shareowners | $ | 955.8 |  |  | $ | 605.2 |  |  | $ | 1,227.3 |
Denominator (in thousands): |  |  |  |  |
Basic weighted-average shares outstanding | 148,365 |  |  | 148,919 |  |  | 149,629 |
Dilutive effect of stock contracts and awards | 2,193 |  |  | 2,724 |  |  | 2,820 |
Diluted weighted-average shares outstanding | 150,558 |  |  | 151,643 |  |  | 152,449 |
Earnings per share of common stock: |  |  |  |  |
Basic | $ | 6.44 |  |  | $ | 4.06 |  |  | $ | 8.20 |
Diluted | $ | 6.35 |  |  | $ | 3.99 |  |  | $ | 8.05 |
Weighted-Average Stock Options, Warrants and Equity Purchase Contracts Not Included in Computation of Diluted Shares Outstanding | The following weighted-average stock options were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive (in thousands):
| 2019 |  | 2018 |  | 2017
Number of stock options | 2,151 |  |  | 1,339 |  |  | 389 |
Common Stock Share Activity | Common stock activity for 2019, 2018 and 2017 was as follows:
| 2019 |  | 2018 |  | 2017
Outstanding, beginning of year | 151,302,450 |  |  | 154,038,031 |  |  | 152,559,767 |
Issued from treasury | 2,391,336 |  |  | 941,854 |  |  | 1,680,339 |
Returned to treasury | (187,377 | ) |  | (3,677,435 | ) |  | (202,075 | )
Outstanding, end of year | 153,506,409 |  |  | 151,302,450 |  |  | 154,038,031 |
Shares subject to the forward share purchase contract | (3,645,510 | ) |  | (3,645,510 | ) |  | (3,645,510 | )
Outstanding, less shares subject to the forward share purchase contract | 149,860,899 |  |  | 147,656,940 |  |  | 150,392,521 |
Common Stock Shares Reserved for Issuance under Various Employee and Director Stock Plans | Common stock shares reserved for issuance under various employee and director stock plans at December 28, 2019 and December 29, 2018 are as follows:
| 2019 |  | 2018
Employee stock purchase plan | 1,593,759 |  |  | 1,606,224 |
Other stock-based compensation plans | 11,330,531 |  |  | 14,277,893 |
Total shares reserved | 12,924,290 |  |  | 15,884,117 |
Weighted Average Assumptions that were Granted as Part of Merger |
| 2019 |  | 2018 |  | 2017
Average expected volatility | 25.0 | % |  | 23.0 | % |  | 20.0 | %
Dividend yield | 1.8 | % |  | 2.0 | % |  | 1.5 | %
Risk-free interest rate | 1.5 | % |  | 2.9 | % |  | 2.2 | %
Expected term | 5.3 years |  |  | 5.3 years |  |  | 5.2 years |
Fair value per option | $ | 30.09 |  |  | $ | 26.54 |  |  | $ | 30.71 |
Weighted-average vesting period | 2.8 years |  |  | 2.9 years |  |  | 2.9 years |
Number of Stock Options and Weighted-average Exercise Prices | The number of stock options and weighted-average exercise prices as of December 28, 2019 are as follows:
| Options |  | Price
Outstanding, beginning of year | 7,352,263 |  |  | $ | 107.36 |
Granted | 1,225,750 |  |  | 150.69 |
Exercised | (1,851,761 | ) |  | 78.17 |
Forfeited | (271,581 | ) |  | 144.05 |
Outstanding, end of year | 6,454,671 |  |  | $ | 122.42 |
Exercisable, end of year | 3,720,639 |  |  | $ | 105.71 |
Outstanding and Exercisable Stock Option | Outstanding and exercisable stock option information at December 28, 2019 follows:
| Outstanding Stock Options |  | Exercisable Stock Options
Exercise Price Ranges | Options |  | Weighted- Average Remaining Contractual Life |  | Weighted- Average Exercise Price |  | Options |  | Weighted- Average Remaining Contractual Life |  | Weighted- Average Exercise Price
$75.00 and below | 991,566 |  |  | 1.64 |  | $ | 64.69 |  |  | 991,566 |  |  | 1.64 |  | $ | 64.69 |
$75.01 — $125.00 | 2,154,836 |  |  | 5.91 |  | 107.44 |  |  | 1,932,443 |  |  | 5.80 |  | 106.10 |
$125.01 and higher | 3,308,269 |  |  | 8.97 |  | 149.48 |  |  | 796,630 |  |  | 8.13 |  | 155.84 |
| 6,454,671 |  |  | 6.83 |  | $ | 122.42 |  |  | 3,720,639 |  |  | 5.19 |  | $ | 105.71 |
Summary of Non-Vested Restricted Stock Unit Activity and Long-Term Performance Awards | A summary of non-vested restricted stock unit and award activity as of December 28, 2019, and changes during the twelve month period then ended is as follows:
| Restricted Share Units & Awards |  | Weighted-Average Grant Date Fair Value
Non-vested at December 29, 2018 | 1,074,735 |  |  | $ | 129.65 |
Granted | 282,598 |  |  | 149.14 |
Vested | (372,571 | ) |  | 119.92 |
Forfeited | (118,242 | ) |  | 136.62 |
Non-vested at December 28, 2019 | 866,520 |  |  | $ | 139.23 |
Restricted Share Units & Awards |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Non-Vested Restricted Stock Unit Activity and Long-Term Performance Awards | A summary of the activity pertaining to the maximum number of shares that may be issued is as follows:
| Share Units |  | Weighted-Average Grant Date Fair Value
Non-vested at December 29, 2018 | 627,407 |  |  | $ | 116.85 |
Granted | 639,957 |  |  | 123.01 |
Vested | (154,217 | ) |  | 86.56 |
Forfeited | (105,910 | ) |  | 91.12 |
Non-vested at December 28, 2019 | 1,007,237 |  |  | $ | 128.10 |

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