Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Incentive Compensation Plans (Tables)

v2.4.0.8
Stock-Based Incentive Compensation Plans (Tables)
 9 Months Ended
Sep. 27, 2014
Share-based Compensation [Abstract]  
Schedule of Stock-based Compensation Expense, Allocation of Recognized Period Costs
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 27,
2014
 
September 28,
2013
 
September 27,
2014
 
September 28,
2013
 
 
(In millions)
Cost of sales
 
$
1

 
$
1

 
$
3

 
$
4

Research and development
 
11

 
12

 
34

 
35

Marketing, general and administrative
 
9

 
10

 
28

 
28

Stock-based compensation expense, net of tax of $0
 
$
21

 
$
23

 
$
65

 
$
67

Weighted Average Valuation Assumptions for Stock Options
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 27,
2014
 
September 28,
2013
 
September 27,
2014
 
September 28,
2013
Expected volatility
 
51.94
%
 
57.98
%
 
52.88
%
 
58.71
%
Risk-free interest rate
 
1.16
%
 
1.05
%
 
1.11
%
 
0.75
%
Expected dividends
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
Expected life
 
3.86 years

 
3.83 years

 
3.86 years

 
3.83 years

Weighted Average Valuation Assumptions for Performance-based Restricted Stock Units
 
 
Three Months Ended
 
 
September 27,
2014
 
September 28,
2013
Expected volatility
 
46.68
%
 
57.46
%
Risk-free interest rate
 
0.24
%
 
0.20
%
Expected dividends
 
0.00
%
 
0.00
%
Expected life
 
1.39 years

 
1.44 years