Stock-Based Incentive Compensation Plans |
6 Months Ended |
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Jun. 29, 2019 | |
| Share-based Payment Arrangement [Abstract] | |
| Stock-Based Incentive Compensation Plans | Stock-Based Incentive Compensation Plans Restricted Stock Units
During the three and six months ended June 29, 2019, the Company granted 0.7 million and 1.5 million of restricted stock units, including an immaterial number of performance-based restricted stock units (PRSUs) with market conditions, with weighted average grant date fair value per share of $27.89 and $26.05, respectively.
During the three and six months ended June 30, 2018, the Company granted 1.0 million and 3.2 million of restricted stock units, including an immaterial number of PRSUs with market conditions, with weighted average grant date fair value per share of $12.67 and $12.33, respectively.
Employee Stock Purchase Plan (ESPP)
During the three months ended June 29, 2019 and June 30, 2018, 1.8 million and 2.2 million shares of common stock were purchased under the ESPP at a purchase price of $16.18 and $9.57, respectively, resulting in cash proceeds of $29 million and $21 million, respectively. The fair values of stock purchase rights granted under the ESPP during the three months ended June 29, 2019 and June 30, 2018 were $9.52 and $3.42 per share, respectively.
For the three and six months ended June 29, 2019, the Company recorded stock-based compensation expense under employee equity incentive plans of $45 million and $86 million, respectively. For the three and six months ended June 30, 2018, the Company recorded stock-based compensation expense under employee equity incentive plans of $33 million and $65 million, respectively.
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