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Stock-Based Compensation - (Tables)

12 Months Ended

Dec. 30, 2023

Share-Based Payment Arrangement [Abstract]

Number and Weighted Average Exercise Price of Options Issued and Outstanding under All Stock Option Plans

The number and weighted-average exercise price of options issued and outstanding under all of the Company’s equity plans are as follows:

			Year Ended December 30, 2023												Year Ended December 31, 2022												Year Ended January 1, 2022
(in millions, except for weighted-average exercise prices)			Shares						Weighted-Average Exercise Price						Shares						Weighted-Average Exercise Price						Shares						Weighted-Average Exercise Price
Options outstanding, beginning of period			2.8						$	83.85					2.9						$	81.38					3.4						$	77.44
Granted			0.1						177.29						0.1						150.91						0.1						250.15
Canceled			—						45.96						(0.1)						162.77						(0.2)						149.11
Exercised			(0.2)						43.22						(0.1)						54.53						(0.4)						53.55
Options outstanding, end of period			2.7						$	87.79					2.8						$	83.85					2.9						$	81.38
Options exercisable, end of period			2.4						$	73.79					2.4						$	65.83					2.2						$	57.09

Number and Weighted Average Exercise Price of Outstanding and Exercisable Options

The number and weighted-average exercise price of outstanding and exercisable stock options segregated by exercise price ranges were as follows:

			Year Ended December 30, 2023																		Year Ended December 31, 2022
(in millions, except range of exercise prices and average remaining contractual life)			Options Outstanding												Options Exercisable						Options Outstanding												Options Exercisable
Range of Exercise Prices			Number of Options						Average Remaining Contractual Life						Number of Options						Number of Options						Average Remaining Contractual Life						Number of Options
$15.00 to $50.00			1.2						1.5						1.2						1.3						2.4						1.3
$50.01 to $80.00			—						2.5						—						0.1						3.7						0.1
$80.01 to $120.00			0.7						3.7						0.7						0.8						4.8						0.7
$120.01 to $160.00			0.4						6.0						0.3						0.4						7.1						0.2
$160.01 to $200.00			0.3						7.0						0.1						0.2						7.2						0.1
$200.01 to $230.00			—						6.5						—						—						7.2						—
$230.01 to $280.00			0.1						7.0						0.1						—						8.0						—
Total			2.7						4.9						2.4						2.8						4.3						2.4

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

The number of RSUs issued and outstanding under all of the Company’s equity plans are as follows:

			Year Ended December 30, 2023												Year Ended December 31, 2022												Year Ended January 1, 2022
(in millions, except for weighted-average grant date fair value)			Units						Weighted-Average Grant Date Fair Value						Units						Weighted-Average Grant Date Fair Value						Units						Weighted-Average Grant Date Fair Value
RSUs outstanding, beginning of period			3.2						$	105.65					3.0						$	104.13					2.9						$	99.66
Granted			0.5						125.44						0.3						148.52						0.1						257.43
Canceled			(0.1)						172.19						(0.1)						168.90						—						204.33
Vested			(0.1)						173.18						—						184.04						—						163.71
RSUs outstanding, end of period			3.5						$	105.87					3.2						$	105.65					3.0						$	104.13

Schedule of Nonvested Performance-based Units Activity

The number of PSUs outstanding under all of the Company’s equity plans are as follows:

			Year Ended December 30, 2023												Year Ended December 31, 2022												Year Ended January 1, 2022
(in millions, except for weighted-average grant date fair value)			Units						Weighted-Average Grant Date Fair Value						Units						Weighted-Average Grant Date Fair Value						Units						Weighted-Average Grant Date Fair Value
PSUs outstanding, beginning of period			0.3						$	180.04					0.3						$	168.68					0.4						$	120.28
Granted(1)			0.1			(1)			204.67						0.3			(1)			145.49						0.2						250.73
Canceled			—						155.98						(0.1)						139.73						—						166.84
Vested			(0.1)						179.42						(0.2)						127.46						(0.3)						86.95
PSUs outstanding, end of period			0.3						$	190.04					0.3						$	180.04					0.3						$	168.68

(1) On February 27, 2023, the Audit Committee approved the weighted payout percentage for the 2019 PSU awards (three-year performance period), which were based upon the Company’s actual fiscal year 2022 performance against pre-established performance objectives. Included in the granted amount are those additional PSUs earned based on actual performance achieved. These PSUs were originally awarded at target.

Range of Assumptions Used and Resulting Weighted-Average Fair Value of Options Granted at Date of Grant

The range of assumptions used and the resulting weighted-average fair value of options granted at the date of grant were as follows:

Year Ended December 30, 2023

Year Ended December 31, 2022

Year Ended January 1, 2022

Risk-free interest rate

3.6% to 4.2%

1.0% to 1.9%

0.3% to 0.9%

Expected term (in years)

5.1 years to 5.9 years

5.1 years to 5.7 years

5.1 years to 5.6 years

Estimated volatility

31.6% to 36.7%

31.2% to 38.9%

30.9% to 34.7%

Expected dividends

0%

0%

0%

Weighted-average fair value of options granted

$75.08 per share

$49.69 per share

$75.72 per share

Share-Based Compensation Expense Included in Consolidated Statements of Operations

The following table presents the total stock-based compensation expense that is included in each functional line item of the consolidated statements of operations:

(in millions)			Year Ended December 30, 2023						Year Ended December 31, 2022						Year Ended January 1, 2022
Cost of goods sold			$	1.1					$	1.0					$	0.8
Selling, general and administrative			(1.5)						32.9						31.3
Research and development			7.4						13.8						12.5
Total			$	7.0					$	47.7					$	44.6

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