Stock-Based Compensation

3 Months Ended

Jul. 27, 2012

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

Stock-based Compensation

Note 17 – 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 months endedJuly 27, 2012 and July 29, 2011:

	Three months ended
	July 27,		July 29,
(in millions)	2012		2011
Stock options	$	11	$	15
Restricted stock awards		21		22
Employee stock purchase plan		4		4
Total stock-based compensation expense	$	36	$	41
Cost of products sold	$	3	$	3
Research and development expense		7		7
Selling, general, and administrative expense		26		31
Total stock-based compensation expense	$	36	$	41
Income tax benefits		(10)		(11)
Total stock-based compensation expense, net of tax	$	26	$	30