Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.22.1
Share-Based Compensation (Tables)
3 Months Ended
Apr. 02, 2022
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 2022 and 2021 were $94.59 and $91.44, respectively, which were estimated using the Monte Carlo valuation model, and incorporated the following assumptions:
2022 2021
Risk-free interest rate 1.7  % 0.2  %
Dividend yield 1.5  % 1.2  %
Volatility factor 54.8  % 65.6  %
Expected life of award 2.9 years 2.9 years