Stock-Based Compensation (Tables)

9 Months Ended

Sep. 03, 2021

Share-based Payment Arrangement [Abstract]

Restricted Stock Unit Activity

Restricted stock unit activity for the nine months ended September 3, 2021 was as follows:

	Number of Shares (in millions)	Weighted Average Grant Date Fair Value		Aggregate Fair Value(1) (in millions)
Beginning outstanding balance	7.0	$	285.69
Awarded	3.2	$	487.17
Released	(2.9)	$	264.98
Forfeited	(0.5)	$	340.20
Ending outstanding balance	6.8	$	384.92	$	4,544
Expected to vest	6.2	$	381.64	$	4,143

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(1)    The aggregate fair value is calculated using the closing stock price as of September 3, 2021 of $666.59.

Performance Share Activity

Performance share activity for the nine months ended September 3, 2021 was as follows:

	Number of Shares (in millions)	Weighted Average Grant Date Fair Value		Aggregate Fair Value(1) (in millions)
Beginning outstanding balance	0.7	$	333.85
Awarded	0.4	$	325.24
Achieved	(0.4)	$	218.55
Forfeited	(0.1)	$	378.73
Ending outstanding balance	0.6	$	408.58	$	409
Expected to vest	0.6	$	404.09	$	373

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(1)    The aggregate fair value is calculated using the closing stock price as of September 3, 2021 of $666.59.

Stock-Based Compensation, Income Statement Location

Total stock-based compensation costs included in our condensed consolidated statements of income for the three and nine months ended September 3, 2021 and August 28, 2020 were as follows:

	Three Months				Nine Months
(in millions)	2021		2020		2021		2020
Cost of revenue	$	19	$	14	$	53	$	46
Research and development	141		121		408		347
Sales and marketing	81		65		227		195
General and administrative	39		32		133		88
Total	$	280	$	232	$	821	$	676