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Share-Based Compensation (Tables) | 6 Months Ended
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Jul. 03, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract] |
Fair Value Assumptions for Performance Awards | The fair value of the senior executives' performance share award grants with a TSR modifier for grants in 2021 and 2020 was $91.44 and $64.72, respectively. The fair values were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:
| 2021 |  | 2020 |  |  |
Risk-free interest rate | 0.2 | % |  | 1.4 | % |  |  |
Dividend yield | 1.2 | % |  | 1.5 | % |  |  |
Volatility factor | 65.6 | % |  | 46.6 | % |  |  |
Expected life of award | 2.9 years |  | 2.9 years |  |  |

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- Definition Schedule of Share-based Payment Award, Equity Instruments Other than Options, Valuation Assumptions [Table Text Block] + References No definition available. + Details
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