Quarterly report pursuant to Section 13 or 15(d)

Common Stock and Employee Equity Plans

v3.20.1
Common Stock and Employee Equity Plans
 3 Months Ended
Mar. 28, 2020
Equity [Abstract]  
Common Stock and Employee Equity Plans Common Stock and Employee Equity Plans
Shares of common stock outstanding were as follows:
 
Three Months Ended
 
March 28,
2020

March 30,
2019
 
(In millions)
Number of shares outstanding
 
 
 
     Balance, beginning of period
1,170

 
1,005

Common stock issued under employee equity plans
1

 
1

     Issuance of common stock upon warrant exercise
—

 
75

     Issuance of treasury stock to partially settle debt
—

 
1

     Balance, end of period
1,171

 
1,082



Stock-based compensation expense was allocated in the condensed consolidated statements of operations as follows: 
 
Three Months Ended
 
March 28,
2020
 
March 30,
2019
 
(In millions)
Cost of sales
$
2

 
$
1

Research and development
37

 
27

Marketing, general and administrative
20

 
13

Total
$
59

 
$
41