Stock-Based Compensation

9 Months Ended

Jan. 23, 2015

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

Stock-based Compensation

Stock-Based Compensation

Under the fair value recognition provisions of U.S. GAAP for accounting for stock-based compensation, the Company measures stock-based compensation expense at the grant date based on the fair value of the award and recognizes the compensation expense over the requisite service period, which is generally the vesting period.

The following table presents the components and classification of stock-based compensation expense recognized for the three and nine months ended January 23, 2015 and January 24, 2014:

	Three months ended						Nine months ended
(in millions)	January 23, 2015			January 24, 2014			January 23, 2015			January 24, 2014
Stock options	$	7		$	7		$	27		$	27
Restricted stock awards	24			24			78			72
Employee stock purchase plan	2			2			10			9
Total stock-based compensation expense	$	33		$	33		$	115		$	108
Cost of products sold	$	4		$	3		$	12		$	10
Research and development expense	5			6			20			20
Selling, general, and administrative expense	24			24			83			78
Total stock-based compensation expense	$	33		$	33		$	115		$	108
Income tax benefits	(8		)	(9		)	(31		)	(30		)
Total stock-based compensation expense, net of tax	$	25		$	24		$	84		$	78