|
Employee Benefit Plans (Tables)
|
12 Months Ended |
|
Jul. 28, 2012
|
| Summary Of Share-Based Compensation Expense |
The following table
summarizes share-based compensation expense (in
millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years
Ended
|
|
July 28, 2012 |
|
|
July 30, 2011 |
|
|
July 31, 2010 |
|
|
Cost of
sales—product
|
|
$ |
53 |
|
|
$ |
61 |
|
|
$ |
57 |
|
|
Cost of
sales—service
|
|
|
156 |
|
|
|
177 |
|
|
|
164 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based compensation
expense in cost of sales
|
|
|
209 |
|
|
|
238 |
|
|
|
221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
|
|
401 |
|
|
|
481 |
|
|
|
450 |
|
|
Sales and
marketing
|
|
|
588 |
|
|
|
651 |
|
|
|
602 |
|
|
General and
administrative
|
|
|
203 |
|
|
|
250 |
|
|
|
244 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based compensation
expense in operating expenses
|
|
|
1,192 |
|
|
|
1,382 |
|
|
|
1,296 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total share-based
compensation expense
|
|
$ |
1,401 |
|
|
$ |
1,620 |
|
|
$ |
1,517 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary Of Share-Based Awards Available For Grant |
A summary of share-based
awards available for grant is as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years
Ended
|
|
July 28, 2012 |
|
|
July 30, 2011 |
|
|
July 31, 2010 |
|
|
Balance at beginning of
fiscal year
|
|
|
255 |
|
|
|
295 |
|
|
|
253 |
|
|
Options granted
|
|
|
— |
|
|
|
— |
|
|
|
(4 |
) |
|
Restricted stock, stock
units, and other share-based awards granted
|
|
|
(95 |
) |
|
|
(82 |
) |
|
|
(81 |
) |
|
Share-based awards
canceled/forfeited/expired
|
|
|
64 |
|
|
|
42 |
|
|
|
123 |
|
|
Other
|
|
|
(6 |
) |
|
|
— |
|
|
|
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of fiscal
year
|
|
|
218 |
|
|
|
255 |
|
|
|
295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary Of Restricted Stock And Stock Unit Activity |
A summary of the restricted
stock and stock unit activity, which includes time-based and
performance-based or market-based restricted stock, is as follows
(in millions, except per-share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Restricted Stock/
Stock
Units |
|
|
Weighted-Average
Grant Date Fair
Value
per Share |
|
|
Aggregated Fair
Market
Value |
|
|
BALANCE AT JULY 25,
2009
|
|
|
62 |
|
|
$ |
21.25 |
|
|
|
|
|
|
Granted and
assumed
|
|
|
54 |
|
|
|
23.40 |
|
|
|
|
|
|
Vested
|
|
|
(16 |
) |
|
|
21.56 |
|
|
$ |
378 |
|
|
Canceled/forfeited
|
|
|
(3 |
) |
|
|
22.40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE AT JULY 31,
2010
|
|
|
97 |
|
|
|
22.35 |
|
|
|
|
|
|
Granted and
assumed
|
|
|
56 |
|
|
|
20.62 |
|
|
|
|
|
|
Vested
|
|
|
(27 |
) |
|
|
22.54 |
|
|
$ |
529 |
|
|
Canceled/forfeited
|
|
|
(10 |
) |
|
|
22.04 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE AT JULY 30,
2011
|
|
|
116 |
|
|
|
21.50 |
|
|
|
|
|
|
Granted and
assumed
|
|
|
65 |
|
|
|
17.45 |
|
|
|
|
|
|
Vested
|
|
|
(35 |
) |
|
|
21.94 |
|
|
$ |
580 |
|
|
Canceled/forfeited
|
|
|
(18 |
) |
|
|
20.38 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE AT JULY 28,
2012
|
|
|
128 |
|
|
$ |
19.46 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary Of Stock Option Activity |
A summary of the stock
option activity is as follows (in millions, except per-share
amounts):
|
|
|
|
|
|
|
|
|
| |
|
STOCK OPTIONS OUTSTANDING |
|
| |
|
Number
Outstanding |
|
|
Weighted-Average
Exercise Price per Share |
|
|
BALANCE AT JULY 25,
2009
|
|
|
1,004 |
|
|
$ |
24.29 |
|
|
Granted and
assumed
|
|
|
15 |
|
|
|
13.23 |
|
|
Exercised
|
|
|
(158 |
) |
|
|
17.88 |
|
|
Canceled/forfeited/expired
|
|
|
(129 |
) |
|
|
47.31 |
|
|
|
|
|
|
|
|
|
|
|
BALANCE AT JULY 31,
2010
|
|
|
732 |
|
|
|
21.39 |
|
|
Exercised
|
|
|
(80 |
) |
|
|
16.55 |
|
|
Canceled/forfeited/expired
|
|
|
(31 |
) |
|
|
25.91 |
|
|
|
|
|
|
|
|
|
|
|
BALANCE AT JULY 30,
2011
|
|
|
621 |
|
|
|
21.79 |
|
|
Assumed from
acquisitions
|
|
|
1 |
|
|
|
2.08 |
|
|
Exercised
|
|
|
(66 |
) |
|
|
13.51 |
|
|
Canceled/forfeited/expired
|
|
|
(36 |
) |
|
|
23.40 |
|
|
|
|
|
|
|
|
|
|
|
BALANCE AT JULY 28,
2012
|
|
|
520 |
|
|
$ |
22.68 |
|
|
|
|
|
|
|
|
|
|
|
| Summary Of Significant Ranges Of Outstanding And Exercisable Stock Options |
The following table
summarizes significant ranges of outstanding and exercisable stock
options as of July 28, 2012 (in millions, except years and
share prices):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
STOCK OPTIONS
OUTSTANDING |
|
|
STOCK OPTIONS
EXERCISABLE |
|
|
Range of
Exercise Prices
|
|
Number
Outstanding |
|
|
Weighted-
Average
Remaining
Contractual
Life
(in
Years) |
|
|
Weighted-
Average
Exercise
Price
per
Share |
|
|
Aggregate
Intrinsic
Value |
|
|
Number
Exercisable |
|
|
Weighted-
Average
Exercise
Price
per
Share |
|
|
Aggregate
Intrinsic
Value |
|
|
$ 0.01 – 15.00
|
|
|
10 |
|
|
|
4.10 |
|
|
$ |
6.95 |
|
|
$ |
92 |
|
|
|
9 |
|
|
$ |
7.18 |
|
|
$ |
82 |
|
|
15.01 – 18.00
|
|
|
83 |
|
|
|
2.12 |
|
|
|
17.79 |
|
|
|
— |
|
|
|
83 |
|
|
|
17.79 |
|
|
|
— |
|
|
18.01 – 20.00
|
|
|
150 |
|
|
|
0.93 |
|
|
|
19.31 |
|
|
|
— |
|
|
|
150 |
|
|
|
19.31 |
|
|
|
— |
|
|
20.01 – 25.00
|
|
|
143 |
|
|
|
2.87 |
|
|
|
22.75 |
|
|
|
— |
|
|
|
141 |
|
|
|
22.76 |
|
|
|
— |
|
|
25.01 – 35.00
|
|
|
134 |
|
|
|
4.08 |
|
|
|
30.64 |
|
|
|
— |
|
|
|
129 |
|
|
|
30.67 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
520 |
|
|
|
2.53 |
|
|
$ |
22.68 |
|
|
$ |
92 |
|
|
|
512 |
|
|
$ |
22.65 |
|
|
$ |
82 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary Of Valuation Assumptions Of Time-Based Restricted Stock Units |
The valuation of time-based
RSU’s and the underlying assumptions being used are
summarized as follows:
|
|
|
|
|
|
|
|
|
| |
|
RESTRICTED STOCK UNITS |
|
|
Years
Ended
|
|
July 28, 2012 |
|
|
July 30, 2011 |
|
|
Number of shares granted
(in millions)
|
|
|
62 |
|
|
|
54 |
|
|
Weighted-average
assumptions/inputs:
|
|
|
|
|
|
|
|
|
|
Grant date fair value per
share
|
|
$ |
17.26 |
|
|
$ |
20.59 |
|
|
Expected dividend
|
|
|
1.5 |
% |
|
|
0.3 |
% |
|
|
Employee Stock Purchase Rights
|
|
| Summary Assumptions Related To And Valuation Of Employee Share-Based Awards |
The valuation of employee
stock purchase rights and the underlying assumptions being used are
summarized as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
EMPLOYEE STOCK PURCHASE RIGHTS |
|
|
Years
Ended
|
|
July 28,
2012 |
|
|
July 30,
2011 |
|
|
July 31,
2010 |
|
|
Weighted-average
assumptions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expected volatility
|
|
|
27.2 |
% |
|
|
35.1 |
% |
|
|
34.8 |
% |
|
Risk-free interest rate
|
|
|
0.2 |
% |
|
|
0.9 |
% |
|
|
0.4 |
% |
|
Expected dividend
|
|
|
1.5 |
% |
|
|
0.0 |
% |
|
|
0.0 |
% |
|
Expected life (in
years)
|
|
|
0.8 |
|
|
|
1.8 |
|
|
|
0.8 |
|
|
Weighted-average estimated
grant date fair value per share
|
|
$ |
3.81 |
|
|
$ |
6.31 |
|
|
$ |
5.03 |
|
|
|
Employee Stock Option
|
|
| Summary Assumptions Related To And Valuation Of Employee Share-Based Awards |
The valuation of employee
stock options and the underlying assumptions being used are
summarized as follows:
|
|
|
|
|
|
Year
Ended
|
|
July 31, 2010 |
|
|
Weighted-average
assumptions:
|
|
|
|
|
|
Expected volatility
|
|
|
30.5 |
% |
|
Risk-free interest rate
|
|
|
2.3 |
% |
|
Expected dividend
|
|
|
0.0 |
% |
|
Kurtosis
|
|
|
4.1 |
|
|
Skewness
|
|
|
0.20 |
|
|
Weighted-average expected
life (in years)
|
|
|
5.1 |
|
|
Weighted-average estimated
grant date fair value per option
|
|
$ |
6.50 |
|
|