Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Incentive Compensation Plans (Tables)

v3.2.0.727
Stock-Based Incentive Compensation Plans (Tables)
 6 Months Ended
Jun. 27, 2015
Share-based Compensation [Abstract]  
Schedule of Stock-based Compensation Expense, Allocation of Recognized Period Costs
 
Three Months Ended
Six Months Ended
 
June 27,
2015
 
June 28,
2014
 
June 27,
2015
 
June 28,
2014
 
(In millions)
Cost of sales
$
1

 
$
1

 
$
2

 
$
2

Research and development
10

 
11

 
20

 
23

Marketing, general and administrative
6

 
9

 
12

 
19

Stock-based compensation expense, net of tax of $0
$
17

 
$
21

 
$
34

 
$
44

Weighted Average Valuation Assumptions for Stock Options
 
Three Months Ended
 
Six Months Ended
 
June 27,
2015
 
June 28,
2014
 
June 27,
2015
 
June 28,
2014
Expected volatility
54.86
%
 
51.68
%
 
54.43
%
 
53.36
%
Risk-free interest rate
1.15
%
 
1.12
%
 
1.21
%
 
1.09
%
Expected dividends
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
Expected life
3.91 years

 
3.86 years

 
3.91 years

 
3.86 years