Equity-Based Compensation

9 Months Ended

Jun. 29, 2019

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

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



	Quarter Ended				Nine Months Ended
	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
Stock options	$	21	$	21	$	64	$	67
RSUs ⁽¹⁾	114		92		527		240
Total equity-based compensation expense ⁽²⁾	$	135	$	113	$	591	$	307
Equity-based compensation expense capitalized during the period	$	22	$	17	$	60	$	54


⁽¹⁾	Includes 21CF RSUs converted to Company RSUs in connection with the acquisition of 21CF (see Note 4). For the quarter and nine months ended, the Company recognized $39 million and $279 million, respectively, of equity based compensation in connection with the 21CF acquisition.


⁽²⁾	Equity-based compensation expense is net of capitalized equity-based compensation and excludes amortization of previously capitalized equity-based compensation costs.

Unrecognized compensation cost related to unvested stock options and RSUs was $149 million and $716 million, respectively, as of June 29, 2019.

The weighted average grant date fair values of options granted during the nine months ended June 29, 2019 and June 30, 2018 were $28.74 and $28.01, respectively.

During the nine months ended June 29, 2019, the Company made equity compensation grants consisting of 4.0 million stock options and 3.4 million RSUs.