Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Incentive Compensation Plans (Tables)

v3.4.0.3
Stock-Based Incentive Compensation Plans (Tables)
 3 Months Ended
Mar. 26, 2016
Share-based Compensation [Abstract]  
Schedule of Stock-based Compensation Expense, Allocation of Recognized Period Costs
The following table summarizes stock-based compensation expense related to employee stock options and restricted stock units, which is allocated within the Company’s condensed consolidated statements of operations as follows:
 
Three Months Ended
 
March 26,
2016
 
March 28,
2015
 
(In millions)
Cost of sales
$
1

 
$
1

Research and development
9

 
10

Marketing, general and administrative
6

 
6

Stock-based compensation expense, net of tax of $0
$
16

 
$
17

Weighted Average Valuation Assumptions for Stock Options
The weighted average assumptions applied in the lattice-binomial model that the Company uses to estimate the fair value of employee stock options are as follows:
 
 
Three Months Ended
 
March 26,
2016
 
March 28,
2015
Expected volatility
N/A
 
53.99
%
Risk-free interest rate
N/A
 
1.26
%
Expected dividends
N/A
 
0.00
%
Expected life
N/A
 
3.91 years