Quarterly report pursuant to Section 13 or 15(d)

Common Stock and Employee Equity Plans (Tables)

v3.21.2
Common Stock and Employee Equity Plans (Tables) - USD ($)
shares in Millions, $ in Millions
 6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Equity [Abstract]    
Schedule of Common Shares Outstanding
Common Stock
Shares of common stock outstanding were as follows:
Three Months Ended Six Months Ended
June 26,
2021		 June 27,
2020		 June 26,
2021		 June 27,
2020
(In millions)
Balance, beginning of period 1,215  1,171  1,211  1,170 
Common stock issued under employee equity plans 1  3  2  4 
Issuance of common stock to settle convertible debt —  —  3  — 
Repurchase of common stock (3) —  (3) — 
Balance, end of period 1,213  1,174  1,213  1,174 
 
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based Compensation
Stock-based compensation expense was as follows: 
Three Months Ended Six Months Ended
June 26,
2021		 June 27,
2020		 June 26,
2021		 June 27,
2020
(In millions)
Cost of sales $ 1  $ 2  $ 2  $ 4 
Research and development 53  37  108  74 
Marketing, general and administrative 29  21  58  41 
Total stock-based compensation expense before income taxes 83  60  168  119 
Income tax benefit (14) —  (27) — 
Total stock-based compensation expense after income taxes $ 69  $ 60  $ 141  $ 119 
 
Stock Repurchased During Period, Shares 3  
Payments for Repurchase of Common Stock $ 256 $ 0
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased 3,700