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Stock-Based Compensation (Tables) | 6 Months Ended
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May 29, 2020
Share-based Payment Arrangement [Abstract] |
Restricted Stock Unit Activity | Restricted stock unit activity for the six months ended May 29, 2020 was as follows:
| Number of Shares (in millions) |  | Weighted Average Grant Date Fair Value |  | Aggregate Fair Value(1) (in millions)
Beginning outstanding balance | 8.6 |  |  | $ | 211.95 |  |  |
Awarded | 2.9 |  |  | $ | 349.19 |  |  |
Released | (3.2 | ) |  | $ | 181.83 |  |  |
Forfeited | (0.3 | ) |  | $ | 244.45 |  |  |
Ending outstanding balance | 8.0 |  |  | $ | 271.65 |  |  | $ | 3,095 |
Expected to vest | 7.2 |  |  | $ | 269.51 |  |  | $ | 2,799 |
_________________________________________ (1) The aggregate fair value is calculated using the closing stock price as of May 29, 2020 of $386.60.
Performance Share Activity | Performance share activity for the six months ended May 29, 2020 was as follows:
| Number of Shares (in millions) |  | Weighted Average Grant Date Fair Value |  | Aggregate Fair Value(1) (in millions)
Beginning outstanding balance | 1.0 |  |  | $ | 199.78 |  |  |
Awarded | 0.6 |  |  | $ | 271.62 |  |  |
Achieved | (0.8 | ) |  | $ | 118.84 |  |  |
Forfeited | — |  |  | $ | 297.61 |  |  |
Ending outstanding balance | 0.8 |  |  | $ | 326.93 |  |  | $ | 296 |
Expected to vest | 0.7 |  |  | $ | 319.93 |  |  | $ | 263 |
_________________________________________ (1) The aggregate fair value is calculated using the closing stock price as of May 29, 2020 of $386.60.
Employee Stock Purchase Plan, Valuation Assumptions | The assumptions used to value employee stock purchase rights during the six months ended May 29, 2020 and May 31, 2019 were as follows:
| 2020 |  | 2019
Expected life (in years) | 0.5 - 2.0 |  | 0.5 - 2.0
Volatility | 24% - 29% |  | 35% - 37%
Risk free interest rate | 1.56% - 1.58% |  | 2.47% - 2.63%
Stock-Based Compensation, Income Statement Location | Total stock-based compensation costs included in our condensed consolidated statements of income for the three months ended May 29, 2020 and May 31, 2019 were as follows:
(in millions) |  | 2020 |  | 2019
Income Statement Classifications |  | Restricted Stock Units and Performance Share Awards |  | Stock Purchase Rights and Options |  | Restricted Stock Units and Performance Share Awards |  | Stock Purchase Rights and Options
Cost of revenue | $ | 14 |  |  | $ | 3 |  |  | $ | 11 |  |  | $ | 3 |
Research and development | 107 |  |  | 9 |  |  | 86 |  |  | 9 |
Sales and marketing | 58 |  |  | 7 |  |  | 58 |  |  | 10 |
General and administrative | 27 |  |  | 2 |  |  | 25 |  |  | 2 |
Total | $ | 206 |  |  | $ | 21 |  |  | $ | 180 |  |  | $ | 24 |
Total stock-based compensation costs included in our condensed consolidated statements of income for the six months ended May 29, 2020 and May 31, 2019 were as follows:
(in millions) |  | 2020 |  | 2019
Income Statement Classifications |  | Restricted Stock Units and Performance Share Awards |  | Stock Purchase Rights and Options |  | Restricted Stock Units and Performance Share Awards |  | Stock Purchase Rights and Options
Cost of revenue | $ | 26 |  |  | $ | 6 |  |  | $ | 19 |  |  | $ | 7 |
Research and development | 208 |  |  | 18 |  |  | 162 |  |  | 17 |
Sales and marketing | 113 |  |  | 17 |  |  | 111 |  |  | 20 |
General and administrative | 52 |  |  | 4 |  |  | 47 |  |  | 6 |
Total | $ | 399 |  |  | $ | 45 |  |  | $ | 339 |  |  | $ | 50 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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