Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.20.2
Share-Based Compensation (Tables)
9 Months Ended
Sep. 26, 2020
Share-based Payment Arrangement, Noncash Expense [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 2020 and 2019 were $64.72 and $49.64, respectively, which were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:
2020 2019
Risk-free interest rate 1.4  % 2.9  %
Dividend yield 1.5  % 1.7  %
Volatility factor 46.6  % 41.0  %
Expected life of award 2.9 years 2.9 years