6. STOCKHOLDERS’ EQUITY AND BENEFIT PLANS

Common Stock Repurchase Programs. Purchases of the Company’s common stock are made from time to time pursuant to its repurchase programs, subject to market conditions and at prevailing market prices, through the open market. Repurchased shares of common stock are recorded at cost and become authorized but unissued shares which may be issued in the future for general corporate or other purposes. The Company may terminate or limit its stock repurchase program at any time. In the event the repurchased shares are cancelled, the Company accounts for retirements by allocating the repurchase price to common stock, additional paid-in capital and retained earnings. The repurchase price allocation is based upon the equity contribution associated with historical issuances. The repurchase programs are conducted pursuant to Rule 10b-18 of the Exchange Act.

During the Year To Date Period, the Company effectively retired 4.3 million shares of common stock repurchased under its repurchase programs. The effective retirement of repurchased common stock decreased common stock by $42,700, additional paid-in capital by $6.2 million, retained earnings by $447.7 million and treasury stock by $454.0 million. At December 29, 2012 and September 28, 2013, all treasury stock had been effectively retired. As of September 28, 2013, the Company had $614.6 million of repurchase authorizations remaining under the combined repurchase plans.

The following table reflects the Company’s common stock repurchase activity for the periods indicated (in millions):

				For the 13 Weeks Ended September 28, 2013			For the 39 Weeks Ended September 28, 2013
Fiscal Year Authorized	Dollar Value Authorized		Termination Date	Number of Shares Repurchased	Dollar Value Repurchased		Number of Shares Repurchased	Dollar Value Repurchased
2012	$	1,000.0	December 2016	2.0	$	228.2	3.9	$	415.4
2010	$	30.0	None	0.0	$	0.0	0.0	$	0.0
2010	$	750.0	December 2013(1)	0.0	$	0.0	0.4	$	38.6

(1) In the first quarter of fiscal year 2013, the Company completed this repurchase plan.

Stock-Based Compensation Plans. The Company accounts for stock-based compensation in accordance with the provisions of ASC 718, Compensation-Stock Compensation (“ASC 718”), using the Black-Scholes option pricing model to determine the fair value of stock options and stock appreciation rights at the date of grant. Grants under the Company’s stock-based compensation plans generally include: (i) stock options, restricted stock and restricted stock units for its international employees, (ii) restricted stock units for its non-employee directors and (iii) stock appreciation rights, restricted stock and restricted stock units for its U.S.-based employees.

The following table summarizes stock options and stock appreciation rights activity during the Third Quarter:

Stock Options and Stock Appreciation Rights	Number of Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
	in thousands					in thousands
Outstanding at June 29, 2013	823		$	72.14	6.3	$	31,815
Granted	3		108.15
Exercised	(49	)	39.05			3,934
Forfeited or expired	(28	)	101.50
Outstanding at September 28, 2013	749		73.42		6.2	34,909
Exercisable at September 28, 2013	451		$	56.95	5.4	$	27,838

The aggregate intrinsic value shown in the table above is before income taxes and is based on (i) the exercise price for outstanding and exercisable options/rights at September 28, 2013 and (ii) the fair market value of the Company’s common stock on the exercise date for options/rights that were exercised during the Third Quarter.

Stock Options and Stock Appreciation Rights Outstanding and Exercisable. The following table summarizes information with respect to stock options and stock appreciation rights outstanding and exercisable at September 28, 2013:

	Stock Options Outstanding				Stock Options Exercisable
				Weighted-
		Weighted-		Average		Weighted-
		Average		Remaining		Average
	Number of	Exercise		Contractual	Number of	Exercise
Range of Exercise Prices	Shares	Price		Term (Years)	Shares	Price
	in thousands				in thousands
$13.65 - $21.51	89	$	15.38	4.6	68	$	15.93
$21.51 - $34.59	82	28.70		3.1	82	28.70
$34.59 - $67.10	85	39.66		5.9	85	39.66
$67.10 - $106.40	126	81.04		7.5	71	80.85
$106.40 - $131.46	184	128.08		8.3	66	128.08
Total	566	$	72.16	6.4	372	$	56.42

	Stock Appreciation Rights Outstanding				Stock Appreciation Rights Exercisable
				Weighted-
		Weighted-		Average		Weighted-
		Average		Remaining		Average
	Number of	Exercise		Contractual	Number of	Exercise
Range of Exercise Prices	Shares	Price		Term (Years)	Shares	Price
	in thousands				in thousands
$13.65 - $21.51	23	$	13.65	3.5	9	$	13.65
$21.51 - $34.59	20	29.13		2.3	20	29.13
$34.59 - $67.10	24	41.31		4.7	21	39.46
$67.10 - $106.40	69	92.37		6.7	11	81.23
$106.40 - $131.46	47	126.40		6.2	18	127.95
Total	183	$	77.29	5.4	79	$	59.39

Restricted Stock and Restricted Stock Units. The following table summarizes restricted stock and restricted stock unit activity during the Third Quarter:

			Weighted-Average
	Number of		Grant Date Fair
Restricted Stock and Restricted Stock Units	Shares		Value
	in thousands
Nonvested at June 29, 2013	221		$	96.47
Granted	19		110.91
Vested	(6	)	69.73
Forfeited	(9	)	91.76
Nonvested at September 28, 2013	225		$	98.61

The total fair value of restricted stock and restricted stock units vested during the Third Quarter was approximately $0.6 million.

Accumulated Other Comprehensive Income. The following table illustrates changes in the balances of each component of accumulated other comprehensive income, net of taxes (in thousands):

	For the 13 Weeks Ended September 28, 2013
	Currency Translation Adjustments		Securities Available for Sale			Forward Contracts			Interest Rate Swap			Total
Beginning balance	$	13,328	$	(558	)	$	4,044		$	0		$	16,814
Other comprehensive income (loss) before reclassifications, net of tax benefit of $4,457	19,277		558			(4,733		)	(922		)	14,180

Amounts reclassed from accumulated other comprehensive income, net of tax expense of $31	0		0			326			(290		)	36

Total other comprehensive income (loss)	19,277		558			(5,059		)	(632		)	14,144

Ending balance	$	32,605	$	0		$	(1,015	)	$	(632	)	$	30,958

	For the 13 Weeks Ended September 29, 2012
	Currency Translation Adjustments		Securities Available for Sale			Forward Contracts			Interest Rate Swap		Total
Beginning balance	$	13,343	$	(417	)	$	4,581		$	0	$	17,507
Other comprehensive income (loss) before reclassifications, net of tax benefit of $1,849	12,249		(4		)	(121		)	0		12,124

Amounts reclassed from accumulated other comprehensive income, net of tax expense of $973	0		0			1,862			0		1,862

Total other comprehensive income (loss)	12,249		(4		)	(1,983		)	0		10,262

Ending balance	$	25,592	$	(421	)	$	2,598		$	0	$	27,769

	For the 39 Weeks Ended September 28, 2013
	Currency Translation Adjustments		Securities Available for Sale			Forward Contracts			Interest Rate Swap			Total
Beginning balance	$	30,181	$	(475	)	$	(946	)	$	0		$	28,760
Other comprehensive income (loss) before reclassifications, net of tax benefit of $651	2,424		475			1,055			(922		)	3,032

Amounts reclassed from accumulated other comprehensive income, net of tax expense of $623	0		0			1,124			(290		)	834

Total other comprehensive income (loss)	2,424		475			(69		)	(632		)	2,198

Ending balance	$	32,605	$	0		$	(1,015	)	$	(632	)	$	30,958

	For the 39 Weeks Ended September 29, 2012
	Currency Translation Adjustments		Securities Available for Sale			Forward Contracts			Interest Rate Swap		Total
Beginning balance	$	18,953	$	(446	)	$	3,673		$	0	$	22,180
Other comprehensive income (loss) before reclassifications, net of tax expense of $133	6,639		25			3,090			0		9,754

Amounts reclassed from accumulated other comprehensive income, net of tax expense of $2,138	0		0			4,165			0		4,165

Total other comprehensive income (loss)	6,639		25			(1,075		)	0		5,589

Ending balance	$	25,592	$	(421	)	$	2,598		$	0	$	27,769

See “Note 8—Derivatives and Risk Management” for additional disclosures about the Company’s use of derivatives.