v3.25.4
Common stock, stock option plans and stock compensation agreements (Tables)
 12 Months Ended
Dec. 28, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule Valuation Assumptions
The average fair value of options granted was $27.07, $27.67 and $27.85, in fiscal years 2025, 2024 and 2023, respectively. The fair value was estimated based on the weighted average assumptions of:
202520242023
Risk-free rate4.33 %4.15 %3.74 %
Expected volatility17.99 %17.85 %17.69 %
Expected life (in years)7.07.07.0
Expected dividend yield3.30 %3.10 %2.90 %
Summary of Stock Option Activity
A summary of option activity under the Plan as of December 28, 2025, is presented below:
(Shares in Thousands)Outstanding
Shares		Weighted
Average Exercise
Price		Aggregate
Intrinsic
Value
(Dollars in Millions)
Shares at December 29, 2024112,629$144.69$1,129
Options granted12,367156.15
Options exercised(29,742)128.09
Options canceled/forfeited(2,182)160.90
Shares at December 28, 202593,072$151.14$5,257
Summary of Options Outstanding
The following table summarizes stock options outstanding and exercisable at December 28, 2025:
(Shares in Thousands)OutstandingExercisable
Exercise Price RangeOptions
Average Life(1)
Weighted
Average
Exercise Price		OptionsWeighted
Average
Exercise Price
$101.87 - $115.67
7,5700.9$112.457,570$112.45
$129.51 - $131.94
15,5192.7130.8915,518130.89
$141.06 - $156.15
23,1786.7153.8411,307151.41
$157.92 - $162.75
23,3507.6160.2710,318161.13
$164.62 - $165.89
23,4555.6165.2922,799165.27
 93,0725.5$151.1467,512$148.49
(1)Average contractual life remaining in years.
Summary of Restricted Share Units
A summary of the restricted share units and performance share units activity under the Plans as of December 28, 2025 is presented below:
(Shares in Thousands)Outstanding
Restricted Share Units		Outstanding
Performance Share Units
Shares at December 29, 202413,0412,013
Granted7,146597
Issued(7,267)(406)
Canceled/forfeited/adjusted(784)(93)
Shares at December 28, 202512,1362,111