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Employee Benefit and Stock Incentive Plans (Tables)
3 Months Ended
Mar. 29, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Activities
A summary of stock-based compensation activities during the three months ended March 29, 2026 was as follows (in thousands):
Stock OptionsRSUsDSUsPSUs
Outstanding as of December 28, 2025468.7 334.7 62.6 124.5 
Granted— 160.6 — 54.7 
Exercised/Vested/Settled(a)
(15.5)(96.6)— — 
Expired or forfeited(0.1)(6.5)— (0.5)
Outstanding as of March 29, 2026453.1 392.2 62.6 178.7 
______________
(a)    Does not include 35.9 thousand stock options and 124.9 thousand RSUs granted to retirement eligible associates under the Rule of 65. While these shares immediately vested, they have not been settled.
There were no stock options or DSUs granted during the periods presented. The weighted average grant date fair value of awards granted were as follows:
March 29, 2026March 30, 2025
RSUs$148.40 $135.61 
PSUs$149.55 $135.83 
Schedule of DSU Activity
A summary of stock-based compensation activities during the three months ended March 29, 2026 was as follows (in thousands):
Stock OptionsRSUsDSUsPSUs
Outstanding as of December 28, 2025468.7 334.7 62.6 124.5 
Granted— 160.6 — 54.7 
Exercised/Vested/Settled(a)
(15.5)(96.6)— — 
Expired or forfeited(0.1)(6.5)— (0.5)
Outstanding as of March 29, 2026453.1 392.2 62.6 178.7 
______________
(a)    Does not include 35.9 thousand stock options and 124.9 thousand RSUs granted to retirement eligible associates under the Rule of 65. While these shares immediately vested, they have not been settled.
There were no stock options or DSUs granted during the periods presented. The weighted average grant date fair value of awards granted were as follows:
March 29, 2026March 30, 2025
RSUs$148.40 $135.61 
PSUs$149.55 $135.83 
Schedule of PSU Activity
A summary of stock-based compensation activities during the three months ended March 29, 2026 was as follows (in thousands):
Stock OptionsRSUsDSUsPSUs
Outstanding as of December 28, 2025468.7 334.7 62.6 124.5 
Granted— 160.6 — 54.7 
Exercised/Vested/Settled(a)
(15.5)(96.6)— — 
Expired or forfeited(0.1)(6.5)— (0.5)
Outstanding as of March 29, 2026453.1 392.2 62.6 178.7 
______________
(a)    Does not include 35.9 thousand stock options and 124.9 thousand RSUs granted to retirement eligible associates under the Rule of 65. While these shares immediately vested, they have not been settled.
There were no stock options or DSUs granted during the periods presented. The weighted average grant date fair value of awards granted were as follows:
March 29, 2026March 30, 2025
RSUs$148.40 $135.61 
PSUs$149.55 $135.83 
Schedule of RSU Activity
A summary of stock-based compensation activities during the three months ended March 29, 2026 was as follows (in thousands):
Stock OptionsRSUsDSUsPSUs
Outstanding as of December 28, 2025468.7 334.7 62.6 124.5 
Granted— 160.6 — 54.7 
Exercised/Vested/Settled(a)
(15.5)(96.6)— — 
Expired or forfeited(0.1)(6.5)— (0.5)
Outstanding as of March 29, 2026453.1 392.2 62.6 178.7 
______________
(a)    Does not include 35.9 thousand stock options and 124.9 thousand RSUs granted to retirement eligible associates under the Rule of 65. While these shares immediately vested, they have not been settled.
There were no stock options or DSUs granted during the periods presented. The weighted average grant date fair value of awards granted were as follows:
March 29, 2026March 30, 2025
RSUs$148.40 $135.61 
PSUs$149.55 $135.83 
Schedule of Stock-Based Compensation Expense Recognized
A summary of stock-based compensation expenses recognized during the periods was as follows (in millions):
Three Months Ended
March 29, 2026March 30, 2025
Stock options(a)
$0.2 $0.7 
RSUs(a)
12.2 11.3 
DSUs0.1 0.1 
PSUs1.7 1.5 
Total stock-based compensation$14.2 $13.6 
______________
(a)    Stock-based compensation expense for the three months ended March 29, 2026 and March 30, 2025 included accelerated expense related to retirement eligible associates under the Rule of 65. These amounts on a net expense basis included $7.3 million related to RSUs for the three months ended March 29, 2026, and $0.1 million related to stock options and $6.9 million related to RSUs for the three months ended March 30, 2025.
Schedule of Unrecognized Stock-Based Compensation Expense
A summary of unrecognized stock-based compensation expense was as follows:
March 29, 2026December 28, 2025
Unrecognized Compensation
(in millions)
Weighted Average
Remaining Period
Unrecognized Compensation
(in millions)
Weighted Average
Remaining Period
Stock options$0.3 0.8 years$0.5 0.9 years
RSUs$34.6 3.0 years$24.0 2.5 years
DSUs$0.1 0.8 years$0.2 0.9 years
PSUs$13.7 2.2 years$7.3 1.7 years