Stock-Based Compensation

6 Months Ended

Oct. 26, 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 and six months endedOctober 26, 2012 and October 28, 2011:

	Three months ended				Six months ended
	October 26,		October 28,		October 26,		October 28,
(in millions)	2012		2011		2012		2011
Stock options	$	16	$	21	$	27	$	36
Restricted stock awards		30		25		51		47
Employee stock purchase plan		3		3		7		7
Total stock-based compensation expense	$	49	$	49	$	85	$	90
Cost of products sold	$	4	$	4	$	7	$	7
Research and development expense		10		9		17		16
Selling, general, and administrative expense		35		36		61		67
Total stock-based compensation expense	$	49	$	49	$	85	$	90
Income tax benefits		(14)		(15)		(24)		(26)
Total stock-based compensation expense, net of tax	$	35	$	34	$	61	$	64