Employee Stock Plans

3 Months Ended

Dec. 27, 2015

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

Employee Stock Plans

Employee Stock Plans

As discussed in Note 1, Summary of Significant Accounting Policies, on April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share and per-share data presented in this note has been retroactively adjusted to reflect this stock split.

As of December 27, 2015, there were 84.4 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 14.2 million shares available for issuance under our employee stock purchase plan.

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended
	Dec 27, 2015		Dec 28, 2014
Options	$	15.5	$	12.5
Restricted Stock Units (“RSUs”)	41.8		39.4
Total stock-based compensation expense	$	57.3	$	51.9

Stock option and RSU transactions from September 27, 2015 through December 27, 2015 (in millions):

	Stock Options			RSUs
Options outstanding/Nonvested RSUs, September 27, 2015	33.6			10.7
Granted	5.4			3.8
Options exercised/RSUs vested	(2.0		)	(4.6		)
Forfeited/expired	(0.4		)	(0.5		)
Options outstanding/Nonvested RSUs, December 27, 2015	36.6			9.4
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 27, 2015	$	63.9		$	234.0