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Benefit Plans
9 Months Ended
Jun. 25, 2022
Share-based Payment Arrangement [Abstract]  
Benefit Plans Benefit Plans
Restricted Stock Units
A summary of the Company’s restricted stock unit (“RSU”) activity and related information for the nine months ended June 25, 2022 is as follows:
Number of
RSUs
(in thousands)
Weighted-Average
Grant Date Fair
Value Per RSU
Aggregate
Fair Value
(in millions)
Balance as of September 25, 2021240,427 $75.16 
RSUs granted84,927 $150.02 
RSUs vested(109,846)$70.96 
RSUs canceled(12,986)$98.26 
Balance as of June 25, 2022202,522 $107.35 $28,689 
The fair value as of the respective vesting dates of RSUs was $7.8 billion and $17.3 billion for the three- and nine-month periods ended June 25, 2022, respectively, and was $7.9 billion and $17.3 billion for the three- and nine-month periods ended June 26, 2021, respectively.
Share-Based Compensation
The following table shows share-based compensation expense and the related income tax benefit included in the Condensed Consolidated Statements of Operations for the three- and nine-month periods ended June 25, 2022 and June 26, 2021 (in millions):
Three Months EndedNine Months Ended
June 25,
2022
June 26,
2021
June 25,
2022
June 26,
2021
Share-based compensation expense$2,243 $1,960 $6,760 $5,961 
Income tax benefit related to share-based compensation expense$(1,231)$(1,319)$(3,416)$(3,518)
As of June 25, 2022, the total unrecognized compensation cost related to outstanding RSUs and stock options was $18.1 billion, which the Company expects to recognize over a weighted-average period of 2.7 years.