Quarterly report pursuant to Section 13 or 15(d)

Common Stock and Employee Equity Plans (Tables)

v3.21.1
Common Stock and Employee Equity Plans (Tables)
 3 Months Ended
Mar. 27, 2021
Equity [Abstract]  
Schedule of Common Shares Outstanding
Shares of common stock outstanding were as follows:
Three Months Ended
March 27,
2021		 March 28,
2020
(In millions)
Balance, beginning of period 1,211  1,170 
Common stock issued under employee equity plans 1  1 
Issuance of common stock to settle convertible debt 3  — 
Balance, end of period 1,215  1,171 
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation expense was as follows: 
Three Months Ended
March 27,
2021		 March 28,
2020
(In millions)
Cost of sales $ 1  $ 2 
Research and development 55  37 
Marketing, general and administrative 29  20 
Total stock-based compensation expense before income taxes 85  59 
Income tax benefit (13) — 
Total stock-based compensation expense after income taxes $ 72  $ 59