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
 3 Months Ended 9 Months Ended
Sep. 25, 2021
Sep. 25, 2021
Sep. 26, 2020
Equity [Abstract]      
Schedule of Common Shares Outstanding  
Common Stock
Shares of common stock outstanding were as follows:
Three Months Ended Nine Months Ended
September 25,
2021		 September 26,
2020		 September 25,
2021		 September 26,
2020
(In millions)
Balance, beginning of period 1,213  1,174  1,211  1,170 
Common stock issued under employee equity plans, net of tax withholding 6  9  8  13 
Common stock repurchases for tax withholding on equity awards —  (1) —  (1)
Issuance of common stock to settle convertible debt —  20  3  20 
Repurchases of common stock (7) —  (10) — 
Balance, end of period 1,212  1,202  1,212  1,202 
 
Share-based Payment Arrangement, Expensed and Capitalized, Amount  
Stock-based Compensation
Stock-based compensation expense was as follows: 
Three Months Ended Nine Months Ended
September 25,
2021		 September 26,
2020		 September 25,
2021		 September 26,
2020
(In millions)
Cost of sales $ 2  $ 1  $ 4  $ 5 
Research and development 63  48  171  122 
Marketing, general and administrative 34  27  92  68 
Total stock-based compensation expense before income taxes 99  76  267  195 
Income tax benefit (16) —  (43) — 
Total stock-based compensation expense after income taxes $ 83  $ 76  $ 224  $ 195 
 
Stock Repurchased During Period, Shares 7.2 10.4  
Payments for Repurchase of Common Stock   $ 1,004 $ 0
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased 3,000.0 3,000.0