Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.7.0.1
Share-Based Compensation (Tables)
3 Months Ended
Apr. 01, 2017
Share-based Compensation [Abstract]  
Fair Value Assumptions for Performance Awards
The fair values of the senior executives' performance share award grants with a TSR modifier for grants in 2017 and 2016 were $64.82 and $38.54, respectively, which were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:
 
2017
 
2016
Risk-free interest rate
1.5
%
 
0.8
%
Dividend yield
1.1
%
 
1.0
%
Volatility factor
38.3
%
 
40.8
%
Expected life of award
2.9 years

 
2.9 years