Annual report pursuant to Section 13 and 15(d)

Stock-Based Incentive Compensation Plans (Tables)

v2.4.1.9
Stock-Based Incentive Compensation Plans (Tables)
 12 Months Ended
Dec. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Performance-based Awards, Valuation Assumptions
 
2014
 
2013
Expected volatility
46.88
%
 
57.46
%
Risk-free interest rate
0.22
%
 
0.20
%
Expected dividends
—
%
 
—
%
Expected life
1.32 years

 
1.44 years

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
 
2014
 
2013
 
2012
 
(In millions)
Cost of sales
$
3

 
$
5

 
$
8

Research and development
44

 
48

 
52

Marketing, general, and administrative
34

 
38

 
37

Total stock-based compensation expense, net of tax of $0
$
81

 
$
91

 
$
97

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
 
2014
 
2013
 
2012
Expected volatility
53.36
%
 
59.03
%
 
56.24
%
Risk-free interest rate
1.15
%
 
0.79
%
 
0.52
%
Expected dividends
—
%
 
—
%
 
—
%
Expected life (in years)
3.86

 
3.83

 
3.79

Schedule of Share-based Compensation, Stock Options, Activity
  
2014
 
2013
 
2012
  
Number
of Shares
 
Weighted-
Average
Exercise
Price
 
Number
of Shares
 
Weighted-
Average
Exercise
Price
 
Number
of Shares
 
Weighted-
Average
Exercise
Price
 
(In millions, except share price)
Stock options:
 
 
 
 
 
 
 
 
 
 
 
Outstanding at beginning of year
35

 
$
5.08

 
38

 
$
5.51

 
34

 
$
7.36

Granted
8

 
$
3.73

 
6

 
$
3.63

 
17

 
$
3.41

Canceled
(4
)
 
$
7.64

 
(6
)
 
$
7.73

 
(8
)
 
$
11.26

Exercised
(3
)
 
$
1.47

 
(3
)
 
$
1.56

 
(5
)
 
$
2.71

Outstanding at end of year
36

 
$
4.78

 
35

 
$
5.08

 
38

 
$
5.51

Exercisable at end of year
23

 
$
5.28

 
22

 
$
5.62

 
22

 
$
6.14

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units, Activity
  
2014
 
2013
 
2012
 
(Shares in millions)
Unvested shares at beginning of period
5

 
2

 
—

Granted
5

 
3

 
2

Forfeited
(1
)
 
—

 
—

Vested
—

 
—

 
—

Unvested shares at end of period
9

 
5

 
2

  
2014
 
2013
 
2012
  
Number
of Shares
 
Weighted-
Average
Fair Value
 
Number
of Shares
 
Weighted-
Average
Fair Value
 
Number
of Shares
 
Weighted-
Average
Fair Value
 
(In millions except share price)
Unvested balance at beginning of period
40

 
$
4.52

 
25

 
$
6.41

 
24

 
$
7.07

Granted
23

 
$
3.89

 
28

 
$
3.81

 
17

 
$
5.43

Forfeited
(5
)
 
$
4.48

 
(3
)
 
$
5.76

 
(5
)
 
$
6.84

Vested
(15
)
 
$
4.90

 
(10
)
 
$
6.93

 
(11
)
 
$
6.05

Unvested balance at end of period
43

 
$
4.05

 
40

 
$
4.52

 
25

 
$
6.41