Annual report pursuant to Section 13 and 15(d)

Stock-Based Incentive Compensation Plans (Tables)

v3.3.1.900
Stock-Based Incentive Compensation Plans (Tables)
12 Months Ended
Dec. 26, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
 
2015
 
2014
 
2013
 
(In millions)
Cost of sales
$
3

 
$
3

 
$
5

Research and development
36

 
44

 
48

Marketing, general, and administrative
24

 
34

 
38

Total stock-based compensation expense, net of tax of $0
$
63

 
$
81

 
$
91

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
 
2015
 
2014
 
2013
Expected volatility
60.14
%
 
53.36
%
 
59.03
%
Risk-free interest rate
1.29
%
 
1.15
%
 
0.79
%
Expected dividends
%
 
%
 
%
Expected life (in years)
3.91

 
3.86

 
3.83

Schedule of Share-based Compensation, Stock Options, Activity
  
2015
 
2014
 
2013
  
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
36

 
$
4.78

 
35

 
$
5.08

 
38

 
$
5.51

Granted
8

 
$
2.12

 
8

 
$
3.73

 
6

 
$
3.63

Canceled
(9
)
 
$
4.91

 
(4
)
 
$
7.64

 
(6
)
 
$
7.73

Exercised
(3
)
 
$
1.61

 
(3
)
 
$
1.47

 
(3
)
 
$
1.56

Outstanding at end of year
32

 
$
4.44

 
36

 
$
4.78

 
35

 
$
5.08

Exercisable at end of year
21

 
$
5.34

 
23

 
$
5.28

 
22

 
$
5.62

Schedule of Share-based Compensation, Restricted Stock Units, Activity
  
2015
 
2014
 
2013
  
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
43

 
$
4.05

 
40

 
$
4.52

 
25

 
$
6.41

Granted
38

 
$
2.03

 
23

 
$
3.89

 
28

 
$
3.81

Forfeited
(15
)
 
$
3.71

 
(5
)
 
$
4.48

 
(3
)
 
$
5.76

Vested
(15
)
 
$
4.13

 
(15
)
 
$
4.90

 
(10
)
 
$
6.93

Unvested balance at end of period
51

 
$
2.61

 
43

 
$
4.05

 
40

 
$
4.52

Schedule of Nonvested Performance-based Units Activity
  
2015
 
2014
 
2013
 
(Shares in millions)
Unvested shares at beginning of period
9

 
5

 
2

Granted
5

 
5

 
3

Forfeited
(7
)
 
(1
)
 

Vested

 

 

Unvested shares at end of period
7

 
9

 
5