v3.26.1
Stock-Based Compensation (Tables)
 3 Months Ended
Apr. 04, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options
The number and weighted-average exercise price of options issued and outstanding under all of the Company’s equity plans are as follows:
Three Months Ended
April 4, 2026
(in millions, except for weighted-average exercise prices)
SharesWeighted-Average
Exercise Price
Options outstanding, beginning of period(1)
0.7 $117.87 
Granted
— — 
Canceled
— 208.66 
Exercised(0.2)66.48 
Options outstanding, end of period0.5 $132.81 
Options exercisable, end of period0.5 $130.22 
______________
(1)    The Company recorded zero and $0.1 million of stock option expense for discontinued operations for each of the three months ended April 4, 2026 and March 29, 2025.
Schedule of Restricted Stock Units
The number of RSUs issued and outstanding under all of the Company’s equity plans are as follows:
Three Months Ended
April 4, 2026
(in millions, except for weighted-average grant date fair value amounts)
UnitsWeighted-Average Grant
 Date Fair Value
RSUs outstanding, beginning of period(1)
0.6 $145.70 
Granted
0.3 173.87 
Canceled
— 138.68 
Vested(0.1)169.35 
RSUs outstanding, end of period0.8 $153.83 
___________________________
(1)    The Company recorded $(0.1) million and $1.1 million of RSU related (benefit) expense for discontinued operations for each of the three months ended April 4, 2026 and March 29, 2025.
Schedule of Performance Stock Units
The number of PSUs outstanding under all of the Company’s equity plans are as follows:
Three Months Ended
April 4, 2026
(in millions, except for weighted-average grant date fair value amounts)UnitsWeighted-Average Grant
 Date Fair Value
PSUs outstanding, beginning of period(1)
0.1 $180.65 
Granted(2)
— 137.91 
Canceled
— 185.15 
Vested— 293.65 
PSUs outstanding, end of period0.1 $172.11 
______________
(1)    The Company recorded zero and $0.3 million of PSU expense for discontinued operations for each of the three months ended April 4, 2026 and March 29, 2025.
(2)    On February 26, 2026, the Audit Committee approved the weighted payout percentage of 18% for the 2023 PSU awards (three-year performance period), which were based upon the actual fiscal 2025 performance against pre-established performance objectives. Included in the granted amount are those additional PSUs earned based on actual performance achieved. These PSUs were originally awarded at target.
Schedule of Valuation of Stock-Based Award Activity The range of assumptions used and the resulting weighted-average fair value of options granted at the date of grant were as follows:
Three Months Ended
April 4,
2026(1)
March 29,
2025
Risk-free interest rate
—%
4.1%
Expected term (in years)0.05.8
Estimated volatility
—%
41.0% to 41.1%
Expected dividends—%—%
Weighted-average fair value of options granted
$—
$75.13
______________
(1)    The Company granted no stock options in the three months ended April 4, 2026.