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Employee Stock Plans
6 Months Ended
Apr. 01, 2012
Employee Stock Plans [Abstract]  
Employee Stock Plans

Note 9: Employee Stock Plans

As of April 1, 2012, there were 31.8 million shares of common stock available for issuance pursuant to future equity-based compensation awards and employee stock purchase plans ("ESPP").

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

 

     Quarter Ended      Two Quarters Ended  
     Apr 1, 2012      Apr 3, 2011      Apr 1, 2012      Apr 3, 2011  

Options

   $ 10.1       $ 14.6       $ 24.2       $ 32.5   

Restricted Stock Units ("RSUs")

     26.1         20.1         51.8         38.7   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation

   $ 36.2       $ 34.7       $ 76.0       $ 71.2   
  

 

 

    

 

 

    

 

 

    

 

 

 

Value of awards granted and exercised during the period:

 

     Quarter Ended      Two Quarters Ended  
     Apr 1, 2012      Apr 3, 2011      Apr 1, 2012      Apr 3, 2011  

Estimated fair value per option granted

   $ 13.15       $ 10.01       $ 12.75       $ 9.50   

Weighted average option grant price

   $ 49.94       $ 33.96       $ 43.81       $ 30.93   

Weighted average price per option exercised

   $ 15.36       $ 12.99       $ 15.69       $ 13.32   

Weighted average RSU grant price

   $ 50.34       $ 34.21       $ 43.83       $ 30.87   

Stock option and RSU transactions from October 2, 2011 through April 1, 2012 (in millions):

 

     Stock Option     RSUs  

Options outstanding/Nonvested RSUs, October 2, 2011

     45.3        8.3   

Granted

     3.2        4.0   

Options exercised/RSUs vested

     (10.7     (3.9

Forfeited/expired

     (1.4     (0.6
  

 

 

   

 

 

 

Options outstanding/Nonvested RSUs, April 1, 2012

     36.4        7.8   
  

 

 

   

 

 

 

Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of April 1, 2012

   $ 53.6      $ 129.9