Stock-Based Incentive Compensation Plans |
6 Months Ended | ||||||||||||||||||||||||||||||
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Jun. 30, 2018 | |||||||||||||||||||||||||||||||
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||
| Stock-Based Incentive Compensation Plans |
Stock-Based Incentive Compensation Plans
Restricted Stock Units
During the three and six months ended June 30, 2018, the Company granted 1.0 million and 3.0 million shares of restricted stock units with weighted average grant date fair value per share of $12.67 and $12.25, respectively. During the three and six months ended July 1, 2017, the Company granted 1.5 million and 2.1 million shares of restricted stock units with weighted average grant date fair value per share of $12.06 and $12.18, respectively.
Employee Stock Purchase Plan (ESPP)
During the second quarter of 2018, 2.2 million shares of common stock were purchased under the ESPP at a purchase price of $9.57, resulting in cash proceeds of $21 million. The fair value of stock purchase rights granted under the ESPP during the second quarter of 2018 was estimated using the following assumptions:
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