XML 11 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Stock and Benefit Plans (Tables)
 12 Months Ended
Sep. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense Recognized In Consolidated Statement Of Earnings
Stock based compensation expense recognized in the consolidated financial statements (in millions):
Fiscal Year Ended
Sep 30, 2012
 
Oct 2, 2011
 
Oct 3, 2010
Options
$
46.2

 
$
60.4

 
$
76.8

Restricted Stock Units (“RSUs”)
107.4

 
84.8

 
36.8

Total stock-based compensation expense recognized in the consolidated statement of earnings
$
153.6

 
$
145.2

 
$
113.6

Total related tax benefit
54.2

 
51.2

 
40.6

Total capitalized stock-based compensation included in net property, plant and equipment and inventories on the consolidated balance sheets
2.0

 
2.1

 
1.9
Employee Stock Options Granted During the Period, Valuation Assumptions
The fair value of stock option awards was estimated at the grant date with the following weighted average assumptions for fiscal years 2012, 2011, and 2010:
 
Employee Stock Options
Granted During the Period
Fiscal Year Ended
2012
 
2011
 
2010
Expected term (in years)
4.8

 
5.0

 
4.7

Expected stock price volatility
38.2
%
 
39.0
%
 
43.0
%
Risk-free interest rate
1.0
%
 
1.6
%
 
2.1
%
Expected dividend yield
1.5
%
 
1.7
%
 
0.1
%
Weighted average grant price
$
44.26

 
$
31.46

 
$
22.28

Estimated fair value per option granted
$
12.79

 
$
9.58

 
$
8.50
Stock Option Transactions
Stock option transactions from September 27, 2009 through September 30, 2012 (in millions, except per share and contractual life amounts):
 
Shares
Subject to
Options
 
Weighted
Average
Exercise
Price
per Share
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, September 27, 2009
63.6

 
$
14.75

 
6.7
 
$
442

Granted
14.9

 
22.28

 
 
 
 
Exercised
(9.6
)
 
11.94

 
 
 
 
Expired/forfeited
(8.2
)
 
18.73

 
 
 
 
Outstanding, October 3, 2010
60.7

 
16.52

 
6.6
 
611

Granted
4.3

 
31.46

 
 
 
 
Exercised
(16.1
)
 
14.40

 
 
 
 
Expired/forfeited
(3.6
)
 
18.06

 
 
 
 
Outstanding, October 2, 2011
45.3

 
18.57

 
6.4
 
848

Granted
3.4

 
44.26

 
 
 
 
Exercised
(13.6
)
 
15.99

 
 
 
 
Expired/forfeited
(2.0
)
 
20.67

 
 
 
 
Outstanding, September 30, 2012
33.1

 
22.19

 
6.1
 
945

Exercisable, September 30, 2012
18.4

 
19.96

 
5.0
 
567

Vested and expected to vest, September 30, 2012
32.0

 
21.92

 
6.0
 
923
Summary of Stock Options Outstanding
The following is a summary of stock options outstanding at the end of fiscal 2012 (shares in millions):
 
Options Outstanding
 
Options Exercisable
Range of Prices
Number of
Options
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Number of
Options
 
Weighted
Average
Exercise
Price
Under $10.00
9.0

 
6.0
 
$
8.65

 
5.0

 
$
8.65

$10.01 - $20.00
3.6

 
3.7
 
15.14

 
3.3

 
15.22

$20.01 - $30.00
10.8

 
6.0
 
23.14

 
6.5

 
23.91

Over $30.00
9.7

 
7.1
 
36.36

 
3.6

 
32.89

 
33.1

 
6.1
 
$
22.19

 
18.4

 
$
19.96
RSU Transactions
RSU transactions from September 27, 2009 through September 30, 2012 (in millions, except per share and contractual life amounts):
 
Number
of
Shares
 
Weighted
Average
Grant Date
Fair Value
per Share
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Nonvested, September 27, 2009
4.4

 
$
11.55

 
1.6
 
$
88

Granted
2.3

 
22.27

 
 
 
 
Vested
(0.7
)
 
16.35

 
 
 
 
Forfeited/cancelled
(0.6
)
 
12.27

 
 
 
 
Nonvested, October 3, 2010
5.4

 
13.55

 
1.1
 
141

Granted
5.4

 
31.06

 
 
 
 
Vested
(1.7
)
 
9.40

 
 
 
 
Forfeited/cancelled
(0.8
)
 
25.68

 
 
 
 
Nonvested, October 2, 2011
8.3

 
23.11

 
0.8
 
309

Granted
4.1

 
44.05

 
 
 
 
Vested
(4.2
)
 
18.93

 
 
 
 
Forfeited/cancelled
(0.9
)
 
35.56

 
 
 
 
Nonvested, September 30, 2012
7.3

 
34.68

 
0.9
 
366