Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.21.2
Share-Based Compensation (Tables)
9 Months Ended
Oct. 02, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Fair Value Assumptions for Performance Awards
The fair value of the senior executives' performance share award grants with a TSR modifier for grants in 2021 and 2020 was $91.44 and $64.72, respectively. The fair values were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:
2021 2020
Risk-free interest rate 0.2  % 1.4  %
Dividend yield 1.2  % 1.5  %
Volatility factor 65.6  % 46.6  %
Expected life of award 2.9 years 2.9 years