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Equity-Based Compensation (Tables)
 12 Months Ended
Sep. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Contractual Terms for Stock Option Grants
The following table summarizes contractual terms for our stock option grants: 
Grant dates
  
Contractual Term
Prior to January 2005
  
10 years
January 2005 through December 2010
  
7 years
After December 2010
  
10 years
Weighted Average Assumptions used in Option-Valuation Model
In fiscal years 2014, 2013 and 2012, the weighted average assumptions used in the option-valuation model were as follows:
 
 
2014
 
2013
 
2012
Risk-free interest rate
3.0
%
 
1.8
%
 
2.0
%
Expected volatility
25
%
 
26
%
 
31
%
Dividend yield
1.37
%
 
1.60
%
 
1.56
%
Termination rate
3.2
%
 
2.7
%
 
2.7
%
Exercise multiple
1.48

 
1.41

 
1.41
Impact of Stock Options/Rights and Restricted Stock Units on Income
The impact of stock options/rights and RSUs on income and cash flows for fiscal years 2014, 2013 and 2012, was as follows: 
 
2014
 
2013
 
2012
Stock option/rights compensation expense (1)
$
102

 
$
101

 
$
115

RSU compensation expense
312

 
311

 
310

Total equity-based compensation expense (2)
414

 
412

 
425

Tax impact
(139
)
 
(139
)
 
(145
)
Reduction in net income
$
275

 
$
273

 
$
280

Equity-based compensation expense capitalized during the period
$
49

 
$
58

 
$
56

Tax benefit reported in cash flow from financing activities
$
255

 
$
204

 
$
122

 
(1) 
Includes stock appreciation rights.
(2) 
Equity-based compensation expense is net of capitalized equity-based compensation and excludes amortization of previously capitalized equity-based compensation costs. Amortization of previously capitalized equity-based compensation totaled $68 million, $65 million and $59 million in fiscal years 2014, 2013 and 2012, respectively.
Information about Stock Option Transactions
The following table summarizes information about stock option transactions (shares in millions): 
 
2014
 
Shares  
 
Weighted  
Average
Exercise Price
Outstanding at beginning of year
41

 
$
37.06

Awards forfeited
(1
)
 
45.61

Awards granted
6

 
69.74

Awards exercised
(12
)
 
32.64

Awards expired/cancelled
—

 
—

Outstanding at end of year
34

 
44.23

Exercisable at end of year
15

 
$
33.87
Information about Stock Options Vested and Expected to Vest
The following tables summarize information about stock options vested and expected to vest at September 27, 2014 (shares in millions): 
 
 
Vested
Range of Exercise Prices
 
Number of
Options
 
Weighted
Average
Exercise Price
 
Weighted 
Average
Remaining
Years of 
Contractual 
Life
$ 0   — $ 20
 
1

 
$
18.62

 
1.2
$ 21 — $ 30
 
4

 
26.88

 
0.9
$ 31 — $ 40
 
8

 
36.09

 
6.0
$ 41 — $ 75
 
2

 
50.76

 
8.2
 
 
15

 
 
 
 
 
 
 
Expected to Vest
Range of
Exercise
Prices
 
Number of
Options (1)
 
Weighted
Average
Exercise Price
 
Weighted 
Average
Remaining
Years of 
Contractual 
Life
$ 0   — $ 30
 
1

 
$
24.06

 
2.9
$ 31 — $ 40
 
6

 
38.98

 
7.0
$ 41 — $ 55
 
6

 
51.06

 
8.3
$ 56 — $ 85
 
5

 
72.75

 
9.2
 
 
18

 
 
 
 
 
(1) 
Number of options expected to vest is total unvested options less estimated forfeitures.
Information about Restricted Stock Unit Transactions
The following table summarizes information about RSU transactions (shares in millions): 
 
2014
 
Units      
 
Weighted
Average
Grant-Date    
Fair Value
Unvested at beginning of year
21

 
$
42.28

Granted (1)
5

 
72.63

Vested
(9
)
 
39.23

Forfeited
(1
)
 
47.60

Unvested at end of year (2)
16

 
$
53.17

(1) RSU grants include 0.3 million shares of Performance RSUs.
(2) 1.2 million of the unvested RSUs are Performance RSUs.