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Stockholders’ Equity (Tables) | 3 Months Ended
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Apr. 03, 2022
Equity [Abstract] |
Schedule of Restricted Stock Activity and Related Information, Restricted Stock | Restricted stock activity was as follows:
| Restricted Stock Units (RSU) |  | Performance Stock Units (PSU)(1) |  | Weighted-Average Grant Date Fair Value per Share
Units in thousands |  |  | RSU |  | PSU
Outstanding at January 2, 2022 | 1,130 |  |  | 328 |  |  | $ | 345.66 |  |  | $ | 466.42 |
Awarded | 996 |  |  | 194 |  |  | $ | 330.98 |  |  | $ | 329.57 |
Vested | (32) |  |  | — |  |  | $ | 442.14 |  |  | $ | — |
Cancelled | (51) |  |  | (7) |  |  | $ | 353.04 |  |  | $ | 446.38 |
Outstanding at April 3, 2022 | 2,043 |  |  | 515 |  |  | $ | 336.77 |  |  | $ | 415.16 |
_____________ (1)The number of units reflect the estimated number of shares to be issued at the end of the performance period. Awarded units are presented net of performance adjustments.
Schedule of Restricted Stock Activity and Related Information, Performance Units | Restricted stock activity was as follows:
| Restricted Stock Units (RSU) |  | Performance Stock Units (PSU)(1) |  | Weighted-Average Grant Date Fair Value per Share
Units in thousands |  |  | RSU |  | PSU
Outstanding at January 2, 2022 | 1,130 |  |  | 328 |  |  | $ | 345.66 |  |  | $ | 466.42 |
Awarded | 996 |  |  | 194 |  |  | $ | 330.98 |  |  | $ | 329.57 |
Vested | (32) |  |  | — |  |  | $ | 442.14 |  |  | $ | — |
Cancelled | (51) |  |  | (7) |  |  | $ | 353.04 |  |  | $ | 446.38 |
Outstanding at April 3, 2022 | 2,043 |  |  | 515 |  |  | $ | 336.77 |  |  | $ | 415.16 |
_____________ (1)The number of units reflect the estimated number of shares to be issued at the end of the performance period. Awarded units are presented net of performance adjustments.
Schedule of Stock Option Activity Under all Stock Option Plans | Stock option activity was as follows:
Units in thousands | Options |  | Weighted-Average Exercise Price |  | Performance Stock Options(1) |  | Weighted-Average Exercise Price
Outstanding at January 2, 2022 | 8 |  |  | $ | 66.42 |  |  | 17 |  |  | $ | 85.54 |
Granted | 180 |  |  | $ | 330.25 |  |  | — |  |  | $ | — |
Outstanding at April 3, 2022 | 188 |  |  | $ | 318.73 |  |  | 17 |  |  | $ | 85.54 |
Exercisable at April 3, 2022 | 8 |  |  | $ | 66.42 |  |  | — |  |  | $ | — |
_____________ (1)The number of units reflect awards that have been granted and for which it is assumed to be probable that the underlying performance goals will be achieved.
Schedule of Share-based Payment Arrangement, Liability - Classified Awards, Activity | Cash-based equity incentive award activity was as follows:
In millions |
Outstanding at January 2, 2022 | $ | 184 |
Granted | 70 |
Cancelled | (13) |
Outstanding at April 3, 2022 | $ | 241 |
Estimated liability as of April 3, 2022 (included in accrued liabilities) | $ | 24 |
Schedule of Share-based Compensation Expense for all Stock Awards | Share-based compensation expense, which includes expense for both equity and liability-classified awards, reported in our condensed consolidated statements of income was as follows:
In millions | Q1 2022 |  | Q1 2021 |  |  |  |
Cost of product revenue | $ | 6 |  |  | $ | 7 |  |  |  |  |
Cost of service and other revenue | 1 |  |  | 1 |  |  |  |  |
Research and development | 36 |  |  | 24 |  |  |  |  |
Selling, general and administrative | 49 |  |  | 35 |  |  |  |  |
Share-based compensation expense before taxes | 92 |  |  | 67 |  |  |  |  |
Related income tax benefits | (21) |  |  | (13) |  |  |  |  |
Share-based compensation expense, net of taxes | $ | 71 |  |  | $ | 54 |  |  |  |  |
Schedule of Assumptions used to Estimate the Weighted-Average Fair Value Per Share for Stock Purchase under the Employee Stock Purchase Plan | The assumptions used and the resulting estimate of weighted-average fair value per share for stock purchased under the ESPP during Q1 2022 were as follows:
| Employee Stock Purchase Rights |  |
Risk-free interest rate | 0.06% - 0.78% |  |
Expected volatility | 37% - 47% |  |
Expected term | 0.5 - 1.0 year |  |
Expected dividends | 0 | % |  |
Weighted-average grant-date fair value per share | $ | 91.27 |  |  |

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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=120381028&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=122041274&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=120381028&loc=d3e5047-113901 + Details
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