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Common Stock and Employee Equity Plans | 6 Months Ended
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Jul. 01, 2023
Equity [Abstract] |
Common Stock and Employee Equity Plans | Common Stock and Employee Equity Plans Common Stock Shares of common stock outstanding were as follows:
| Three Months Ended |  | Six Months Ended
| July 1, 2023 |  | June 25, 2022 |  | July 1, 2023 |  | June 25, 2022
| (In millions)
Balance, beginning of period | 1,609 |  |  | 1,620 |  |  | 1,612 |  |  | 1,207 |
Common stock issued in the acquisition of Xilinx | — |  |  | — |  |  | — |  |  | 429 |
Common stock issued under employee equity plans | 4 |  |  | 3 |  |  | 5 |  |  | 3 |
Common stock repurchases for tax withholding on equity awards | — |  |  | (1) |  |  | (1) |  |  | (1) |
Issuance of common stock upon warrant exercise | 1 |  |  | — |  |  | 1 |  |  | — |
Repurchases of common stock | — |  |  | (10) |  |  | (3) |  |  | (26) |
Balance, end of period | 1,614 |  |  | 1,612 |  |  | 1,614 |  |  | 1,612 |
Stock Repurchase Program The Company has an approved stock repurchase program authorizing repurchases of up to $12 billion of the Company’s common stock (Repurchase Program). During the six months ended July 1, 2023, the Company returned $241 million to shareholders through the repurchase of 3 million shares of its common stock under the Repurchase Program. Repurchases during the three months ended July 1, 2023 were immaterial. As of July 1, 2023, $6.3 billion remains available for future stock repurchases under the Repurchase Program. The Repurchase Program does not obligate the Company to acquire any common stock, has no termination date and may be suspended or discontinued at any time. Stock-based Compensation Stock-based compensation expense recorded in the Condensed Consolidated Statements of Operations was as follows:
| Three Months Ended |  | Six Months Ended
| July 1, 2023 |  | June 25, 2022 |  | July 1, 2023 |  | June 25, 2022
| (In millions)
Cost of sales | $ | 10 |  |  | $ | 8 |  |  | $ | 18 |  |  | $ | 12 |
Research and development | 247 |  |  | 180 |  |  | 461 |  |  | 293 |
Marketing, general and administrative | 91 |  |  | 104 |  |  | 178 |  |  | 186 |
Total | $ | 348 |  |  | $ | 292 |  |  | $ | 657 |  |  | $ | 491 |

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- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//718/tableOfContent + Details
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