Equity-Based Compensation

9 Months Ended

Jul. 02, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Compensation expense related to stock options, stock appreciation rights and restricted stock units (RSUs) is as follows:



	Quarter Ended				Nine Months Ended
	July 2, 2016		June 27, 2015		July 2, 2016		June 27, 2015
Stock options/rights ⁽¹⁾	$	26	$	25	$	72	$	77
RSUs	74		71		233		233
Total equity-based compensation expense ⁽²⁾	$	100	$	96	$	305	$	310
Equity-based compensation expense capitalized during the period	$	18	$	13	$	52	$	42


⁽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. During the quarter and nine months ended July 2, 2016, amortization of previously capitalized equity-based compensation totaled $21 million and $55 million, respectively. During the quarter and nine months ended June 27, 2015, amortization of previously capitalized equity-based compensation totaled $12 million and $30 million, respectively.

Unrecognized compensation cost related to unvested stock options/rights and RSUs totaled approximately $162 million and $597 million, respectively, as of July 2, 2016.

The weighted average grant date fair values of options issued during the nine months ended July 2, 2016 and June 27, 2015 were $31.08 and $22.64, respectively.

During the nine months ended July 2, 2016, the Company made equity compensation grants consisting of 3.8 million stock options and 3.3 million RSUs.