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Stock-based Compensation (Tables) | 12 Months Ended
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Jan. 03, 2015
Total Stock-Based Compensation Cost and Associated Income Tax Benefits Related to Stock-Based Compensation Arrangements Recognized and Stock-Based Compensation Costs Included in Inventory | Total stock-based compensation cost and the associated income tax benefits related to stock-based compensation arrangements recognized in the Consolidated Statements of Income, and stock-based compensation costs included in inventory in the Consolidated Balance Sheets, are as follows:
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | In thousands |
Stock-based compensation cost |  | $ | 104,313 |  |  | $ | 87,118 |  |  | $ | 92,814 |
Income tax benefits |  |  | 41,725 |  |  |  | 32,059 |  |  |  | 34,156 |
Stock-based compensation costs included in inventory |  |  | 797 |  |  |  | 119 |  |  |  | 221 |
Schedule of Assumption Used and Resulting Weighted Average Fair Value of Stock Option Granted | The grant date fair value of each option award is calculated using a lattice option-pricing valuation model, which incorporates a range of assumptions for inputs as follows:
|  | 2014 |  | 2013 |  | 2012
Expected volatility |  | 23% to 29% |  | 24% to 29% |  | 27% to 31%
Weighted average expected volatility |  | 26% |  | 27% |  | 30%
Expected term (in years) |  | 5.5 to 7.3 |  | 5.6 to 7.4 |  | 5.6 to 7.5
Dividend yield |  | 2.1% |  | 2.3% |  | 2.5%
Risk-free interest rate |  | 0.1% to 2.7% |  | 0.1% to 2.0% |  | 0.1% to 2.1%
Weighted average fair value at date of grant |  | $12.01 |  | $8.34 |  | $8.36
Stock Option Activity | Stock option activity for 2014 is summarized as follows:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value (In thousands) |
Outstanding, December 2013 |  |  | 16,045,308 |  |  | $ | 27.25 |  |  |  |  |  |  |  |  |
Granted |  |  | 2,825,207 |  |  |  | 56.86 |  |  |  |  |  |  |  |  |
Exercised |  |  | (3,410,967 | ) |  |  | 22.44 |  |  |  |  |  |  |  |  |
Forfeited/cancelled |  |  | (324,520 | ) |  |  | 47.81 |  |  |  |  |  |  |  |  |
Outstanding, December 2014 |  |  | 15,135,028 |  |  |  | 33.42 |  |  |  | 6.6 |  |  |  | 610,572 |
Exercisable, December 2014 |  |  | 9,324,005 |  |  |  | 24.74 |  |  |  | 5.5 |  |  |  | 457,018 |
RSU Activity | RSU activity for 2014 is summarized as follows:
|  | Performance-based |  |  | Nonperformance-based |
|  | Number Outstanding |  |  | Weighted Average Grant Date Fair Value |  |  | Number Outstanding |  |  | Weighted Average Grant Date Fair Value |
Outstanding, December 2013 |  |  | 2,303,192 |  |  | $ | 33.04 |  |  |  | 614,324 |  |  | $ | 28.99 |
Granted |  |  | 586,769 |  |  |  | 56.86 |  |  |  | 29,595 |  |  |  | 58.00 |
Issued as Common Stock |  |  | (865,445 | ) |  |  | 23.94 |  |  |  | (244,324 | ) |  |  | 22.86 |
Forfeited/cancelled |  |  | (83,855 | ) |  |  | 46.36 |  |  |  | (13,000 | ) |  |  | 35.90 |
Outstanding, December 2014 |  |  | 1,940,661 |  |  |  | 43.73 |  |  |  | 386,595 |  |  |  | 34.86 |
Vested, December 2014 |  |  | 1,169,587 |  |  |  | 40.78 |  |  |  | 12,595 |  |  |  | 56.79 |
Restricted Stock Activity | Restricted stock activity for 2014 is summarized below:
|  | Nonvested Shares Outstanding |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares, December 2013 |  |  | 839,442 |  |  | $ | 30.66 |
Granted |  |  | 151,100 |  |  |  | 60.14 |
Dividend equivalents |  |  | 13,075 |  |  |  | 65.99 |
Vested |  |  | (272,482 | ) |  |  | 22.03 |
Forfeited |  |  | (26,645 | ) |  |  | 40.26 |
Nonvested shares, December 2014 |  |  | 704,490 |  |  |  | 40.62 |

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- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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