Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.20.2
Share-Based Compensation (Tables)
6 Months Ended
Jun. 27, 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