Stock-Based Compensation (Tables)

3 Months Ended

Mar. 04, 2022

Share-based Payment Arrangement [Abstract]

Restricted Stock Unit Activity

Restricted stock unit activity for the three months ended March 4, 2022 was as follows:

	Number of Shares (in millions)	Weighted Average Grant Date Fair Value		Aggregate Fair Value(1) (in millions)
Beginning outstanding balance	6.6	$	411.52
Awarded	2.6	$	525.05
Released	(1.0)	$	376.91
Forfeited	(0.2)	$	417.01
Ending outstanding balance	8.0	$	452.31	$	3,609
Expected to vest	7.2	$	448.43	$	3,252

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(1)    The aggregate fair value is calculated using the closing stock price as of March 4, 2022 of $452.13.

Performance Share Activity

Performance share activity for the three months ended March 4, 2022 was as follows:

	Number of Shares (in millions)	Weighted Average Grant Date Fair Value		Aggregate Fair Value(1) (in millions)
Beginning outstanding balance	0.6	$	408.84
Awarded	0.3	$	402.24
Released	(0.4)	$	291.15
Forfeited	—	$	486.19
Ending outstanding balance	0.5	$	495.12	$	208
Expected to vest	0.4	$	494.19	$	183

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(1)    The aggregate fair value is calculated using the closing stock price as of March 4, 2022 of $452.13.

Stock-Based Compensation, Income Statement Location

Total stock-based compensation costs included in our condensed consolidated statements of income for the three months ended March 4, 2022 and March 5, 2021 were as follows:

(in millions)	2022		2021
Cost of revenue	$	21	$	17
Research and development	161		135
Sales and marketing	93		73
General and administrative	47		56
Total	$	322	$	281