XML 44 R15.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Shareholders' Equity | 6 Months Ended
--- | ---
Dec. 29, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Shareholders' Equity | Shareholders’ Equity Stock-based Compensation Expense The following tables present the Company’s stock-based compensation for equity-settled awards by type and financial statement line as well as the related tax benefit included in the Company’s Condensed Consolidated Statements of Operations:
| Three Months Ended |  | Six Months Ended
| December 29, 2017 |  | December 30, 2016 |  | December 29, 2017 |  | December 30, 2016
| (in millions)
Options | $ | 6 |  |  | $ | 11 |  |  | $ | 13 |  |  | $ | 23 |
Restricted and performance stock units | 88 |  |  | 90 |  |  | 171 |  |  | 169 |
Employee stock purchase plan | 5 |  |  | 1 |  |  | 12 |  |  | 9 |
Subtotal | 99 |  |  | 102 |  |  | 196 |  |  | 201 |
Tax benefit | (10 | ) |  | (29 | ) |  | (34 | ) |  | (54 | )
Total | $ | 89 |  |  | $ | 73 |  |  | $ | 162 |  |  | $ | 147 |
| Three Months Ended |  | Six Months Ended
| December 29, 2017 |  | December 30, 2016 |  | December 29, 2017 |  | December 30, 2016
| (in millions)
Cost of revenue | $ | 13 |  |  | $ | 11 |  |  | $ | 26 |  |  | $ | 24 |
Research and development | 45 |  |  | 43 |  |  | 89 |  |  | 87 |
Selling, general and administrative | 41 |  |  | 43 |  |  | 81 |  |  | 85 |
Employee termination, asset impairment, and other charges | — |  |  | 5 |  |  | — |  |  | 5 |
Subtotal | 99 |  |  | 102 |  |  | 196 |  |  | 201 |
Tax benefit | (10 | ) |  | (29 | ) |  | (34 | ) |  | (54 | )
Total | $ | 89 |  |  | $ | 73 |  |  | $ | 162 |  |  | $ | 147 |
Compensation cost related to unvested stock options, restricted stock unit awards (“RSU”), performance-based restricted stock unit awards (“PSU”) and the Company’s Employee Stock Purchase Plan (“ESPP”) will generally be amortized on a straight-line basis over the remaining average service period. The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of December 29, 2017.
| Unamortized Compensation Costs |  | Weighted Average Service Period
| (in millions) |  | (years)
Options | $ | 38 |  |  | 2.1
RSUs and PSUs (1) | 600 |  |  | 2.2
ESPP | 15 |  |  | 0.6
Total unamortized compensation cost | $ | 653 |  |  |
(1) | Weighted average service period assumes the performance metrics are met for the PSUs.
Plan Activities Stock Options The following table summarizes stock option activity under the Company’s incentive plans:
| Number of Shares |  | Weighted Average Exercise Price Per Share |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value
| (in millions) |  |  |  | (in years) |  | (in millions)
Options outstanding at June 30, 2017 | 7.4 |  |  | $ | 58.14 |  |  |  |  |
Exercised | (1.0 | ) |  | 43.16 |  |  |  |  | $ | 46 |
Canceled or expired | (0.2 | ) |  | 63.44 |  |  |  |  |
Options outstanding at December 29, 2017 | 6.2 |  |  | $ | 60.39 |  |  | 4.1 |  | $ | 145 |
Exercisable at December 29, 2017 | 3.6 |  |  | $ | 64.14 |  |  | 3.4 |  | $ | 77 |
RSU and PSU The following table summarizes RSU and PSU activity under the Company’s incentive plans:
| Number of Shares |  | Weighted Average Grant Date Fair Value |  | Aggregate Intrinsic Value at Vest Date
| (in millions) |  |  |  | (in millions)
RSUs and PSUs outstanding at June 30, 2017 | 13.7 |  |  | $ | 45.01 |  |  |
Granted | 4.0 |  |  | 84.95 |  |  |
Vested | (2.4 | ) |  | 53.31 |  |  | $ | 206 |
Forfeited | (0.7 | ) |  | 47.75 |  |  |
RSUs and PSUs outstanding at December 29, 2017 | 14.6 |  |  | $ | 53.41 |  |  |
RSUs and PSUs are generally settled in an equal number of shares of the Company’s common stock at the time of vesting of the units. Stock Repurchase Program The Company’s Board of Directors (the “Board”) has authorized $5.00 billion for the repurchase of the Company’s common stock. The stock repurchase program is effective until February 3, 2020. The Company did not repurchase any shares of common stock during the three months ended December 29, 2017. The remaining amount available to be purchased under the Company’s stock repurchase program as of December 29, 2017 was $2.10 billion. Dividends to Shareholders On September 13, 2012, the Company announced that the Board had authorized the adoption of a quarterly cash dividend policy. Under the cash dividend policy, holders of the Company’s common stock receive dividends when and as declared by the Board. On November 1, 2017, the Board declared a cash dividend of $0.50 per share of the Company’s common stock. The cash dividend aggregating $149 million was paid on January 16, 2018 to the Company’s shareholders of record as of December 29, 2017. On January 27, 2018, the Board declared a cash dividend of $0.50 per share to shareholders of record as of March 30, 2018, which will be paid on April 16, 2018. The Company may modify, suspend or cancel its cash dividend policy in any manner and at any time.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration