Stock-based Compensation (Tables)

A summary of the total compensation expense recorded within SG&A expenses and the associated income tax benefits recognized related to stock-based compensation arrangements is as follows:



	Three Months Ended
	June 28, 2014			June 29, 2013
	(millions)
Compensation expense	$	23		$	22
Income tax benefit	$	(8	)	$	(8	)

A summary of stock option activity under all plans for the three months ended June 28, 2014 is as follows:



	Number of Options
	(thousands)
Options outstanding at March 29, 2014	3,026
Granted	15
Exercised	(164	)
Cancelled/Forfeited	(19	)
Options outstanding at June 28, 2014	2,858

The weighted average assumptions used to estimate the fair value of performance-based RSUs with a TSR modifier granted during the three-month periods ended June 28, 2014 and June 29, 2013 were as follows:



	Three Months Ended
	June 28, 2014		June 29, 2013
Expected term (years)	3.0		3.0
Expected volatility	29.8	%	33.1	%
Expected dividend yield	1.09	%	0.96	%
Risk-free interest rate	0.9	%	0.4	%
Weighted-average grant date fair value per share	$169.47		$171.07

Restricted Stock And Service Based Restricted Stock Units [Member]

A summary of restricted stock and service-based RSU activity during the three months ended June 28, 2014 is as follows:



	Number of Shares
	Restricted Stock		Service-based RSUs
	(thousands)
Nonvested at March 29, 2014	5		7
Granted	3		12
Vested	(3	)	—
Nonvested at June 28, 2014	5		19

Performance Shares [Member]

A summary of performance-based RSU activity during the three months ended June 28, 2014 is as follows:



	Number of Shares
	Performance-based RSUs — without TSR Modifier		Performance-based RSUs — with TSR Modifier
	(thousands)
Nonvested at March 29, 2014	798		145
Granted	138		79
Change due to performance/market condition achievement	83		—
Vested	(422	)	—
Forfeited	(14	)	(8	)
Nonvested at June 28, 2014	583		216