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Stockholder's Equity | 3 Months Ended
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Jun. 26, 2020
Stockholders' Equity Note [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Stock Repurchase Program On January 30, 2019, the Board of Directors approved a stock repurchase program, pursuant to which the Company is authorized to repurchase up to $2.0 billion of its common stock from time to time prior to January 30, 2021, on the open market or in privately negotiated transactions, as permitted by securities laws and other legal requirements. The timing and amount of any shares of the Company’s common stock that are repurchased under the repurchase program are determined by the Company’s management based on its evaluation of market conditions and other factors. During the three months ended June 26, 2020, the Company paid $58.5 million (including commissions) in connection with the repurchase of 0.7 million shares of its common stock (paying an average price of $87.42 per share). During the nine months ended June 26, 2020, the Company paid $416.5 million (including commissions) in connection with the repurchase of 4.6 million shares of its common stock (paying an average price of $89.56 per share). As of June 26, 2020, $1.2 billion remained available under the existing stock repurchase authorization. Dividends On July 23, 2020, the Company announced that the Board of Directors had declared a cash dividend on the Company’s common stock of $0.50 per share. This dividend is payable on September 1, 2020, to the Company’s stockholders of record as of the close of business on August 11, 2020. During the three and nine months ended June 26, 2020, dividends charged to retained earnings were as follows (in millions, except per share data):
| 2020 |  |
| Per Share |  | Total Amount
First quarter | $ | 0.44 |  |  | $ | 75.1 |
Second quarter | 0.44 |  |  | 74.9 |
Third quarter | 0.44 |  |  | 73.5 |
Total | $ | 1.32 |  |  | $ | 223.5 |
Share-based Compensation The following table summarizes the share-based compensation expense by line item in the Statements of Operations (in millions):
| Three Months Ended |  |  |  | Nine Months Ended |  |
| June 26, 2020 |  | June 28, 2019 |  | June 26, 2020 |  | June 28, 2019
Cost of goods sold | $ | 4.7 |  |  | $ | 1.3 |  |  | $ | 16.1 |  |  | $ | 8.2 |
Research and development | 17.0 |  |  | 9.5 |  |  | 49.0 |  |  | 31.9 |
Selling, general and administrative | 16.1 |  |  | 5.2 |  |  | 46.5 |  |  | 18.5 |
Total share-based compensation | $ | 37.8 |  |  | $ | 16.0 |  |  | $ | 111.6 |  |  | $ | 58.6 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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