The 2016 Stock Incentive Plan (the “Stock Plan”), provides for the grant of stock appreciation rights, restricted stock units, and performance stock units (collectively, “Stock Awards”), stock options, or any other stock-based award. As of March 28, 2025, approximately 11 million shares of our common stock were available for subsequent issuance under the Stock Plan. For a full description of our Stock Plan, refer to Note 14 of our 2024 Annual Report on Form 10-K.

Stock-based compensation has been recognized as a component of Selling, general and administrative expenses in the Consolidated Condensed Statements of Earnings based on the portion of the awards that are ultimately expected to vest.

The following summarizes the components of our stock-based compensation expense under the Stock Plan ($ in millions):


	Three Months Ended
		March 28, 2025		March 29, 2024
Stock Awards:
Pretax compensation expense		$	20.9	$	21.5
Income tax benefit		(3.4)		(2.6)
Stock Award expense, net of income taxes		17.5		18.9
Stock options:
Pretax compensation expense		6.6		7.4
Income tax benefit		(1.0)		(1.1)
Stock option expense, net of income taxes		5.6		6.3
Total stock-based compensation:
Pretax compensation expense		27.5		28.9
Income tax benefit		(4.4)		(3.7)
Total stock-based compensation expense, net of income taxes		$	23.1	$	25.2

The following summarizes the unrecognized compensation cost for the Stock Awards and stock options as of March 28, 2025. This compensation cost is expected to be recognized over a weighted average period of approximately two years, representing the remaining service period related to the awards. Future compensation amounts will be adjusted for any changes in estimated forfeitures ($ in millions):