XML 44 R31.htm IDEA: XBRL DOCUMENT v3.26.1
Employee Benefit and Stock Incentive Plans (Tables)
6 Months Ended
Jun. 28, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Activities
A summary of stock-based compensation activities during the six months ended June 28, 2026 was as follows (in thousands):
Stock OptionsRSUsDSUsPSUs
Outstanding as of December 28, 2025468.7 334.7 62.6 124.5 
Granted— 168.3 4.8 54.7 
Exercised/Vested/Settled(a)
(20.1)(112.5)— (2.9)
Expired or forfeited(0.8)(10.0)— (27.4)
Outstanding as of June 28, 2026447.8 380.5 67.4 148.9 
______________
(a)    Does not include 35.9 thousand stock options and 118.8 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 granted during the periods presented. The weighted average grant date fair value of awards granted were as follows:
June 28, 2026June 29, 2025
RSUs$147.15 $134.39 
DSUs$118.06 $124.42 
PSUs$149.55 $135.83 
Schedule of DSU Activity
A summary of stock-based compensation activities during the six months ended June 28, 2026 was as follows (in thousands):
Stock OptionsRSUsDSUsPSUs
Outstanding as of December 28, 2025468.7 334.7 62.6 124.5 
Granted— 168.3 4.8 54.7 
Exercised/Vested/Settled(a)
(20.1)(112.5)— (2.9)
Expired or forfeited(0.8)(10.0)— (27.4)
Outstanding as of June 28, 2026447.8 380.5 67.4 148.9 
______________
(a)    Does not include 35.9 thousand stock options and 118.8 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 granted during the periods presented. The weighted average grant date fair value of awards granted were as follows:
June 28, 2026June 29, 2025
RSUs$147.15 $134.39 
DSUs$118.06 $124.42 
PSUs$149.55 $135.83 
Schedule of PSU Activity
A summary of stock-based compensation activities during the six months ended June 28, 2026 was as follows (in thousands):
Stock OptionsRSUsDSUsPSUs
Outstanding as of December 28, 2025468.7 334.7 62.6 124.5 
Granted— 168.3 4.8 54.7 
Exercised/Vested/Settled(a)
(20.1)(112.5)— (2.9)
Expired or forfeited(0.8)(10.0)— (27.4)
Outstanding as of June 28, 2026447.8 380.5 67.4 148.9 
______________
(a)    Does not include 35.9 thousand stock options and 118.8 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 granted during the periods presented. The weighted average grant date fair value of awards granted were as follows:
June 28, 2026June 29, 2025
RSUs$147.15 $134.39 
DSUs$118.06 $124.42 
PSUs$149.55 $135.83 
Schedule of RSU Activity
A summary of stock-based compensation activities during the six months ended June 28, 2026 was as follows (in thousands):
Stock OptionsRSUsDSUsPSUs
Outstanding as of December 28, 2025468.7 334.7 62.6 124.5 
Granted— 168.3 4.8 54.7 
Exercised/Vested/Settled(a)
(20.1)(112.5)— (2.9)
Expired or forfeited(0.8)(10.0)— (27.4)
Outstanding as of June 28, 2026447.8 380.5 67.4 148.9 
______________
(a)    Does not include 35.9 thousand stock options and 118.8 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 granted during the periods presented. The weighted average grant date fair value of awards granted were as follows:
June 28, 2026June 29, 2025
RSUs$147.15 $134.39 
DSUs$118.06 $124.42 
PSUs$149.55 $135.83 
Schedule of Stock-Based Compensation Expense Recognized
A summary of stock-based compensation expense recognized during the periods was as follows (in millions):
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Stock options(a)
$0.1 $0.3 $0.3 $1.0 
RSUs(a)
3.6 3.8 15.8 15.1 
DSUs0.2 0.3 0.3 0.4 
PSUs(1.8)(2.1)(0.1)(0.6)
Total stock-based compensation$2.1 $2.3 $16.3 $15.9 
______________
(a)    Stock-based compensation expense for the three and six months ended June 28, 2026 and June 29, 2025 included accelerated expense related to retirement eligible associates under the Rule of 65. These amounts on a net expense basis included $5.7 million related to RSUs for the six months ended June 28, 2026, and $6.0 million related to RSUs for the six months ended June 29, 2025.
Schedule of Unrecognized Stock-Based Compensation Expense
A summary of unrecognized stock-based compensation expense was as follows:
June 28, 2026December 28, 2025
Unrecognized Compensation
(in millions)
Weighted Average
Remaining Period
Unrecognized Compensation
(in millions)
Weighted Average
Remaining Period
Stock options$0.2 0.5 years$0.5 0.9 years
RSUs$31.2 2.8 years$24.0 2.5 years
DSUs$0.1 0.9 years$0.2 0.9 years
PSUs$11.5 2.0 years$7.3 1.7 years