Share Plans (Tables)
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12 Months Ended |
Sep. 27, 2013
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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Schedule of share-based compensation cost recognized |
Total share-based compensation cost recognized within continuing and discontinued operations during 2013, 2012 and 2011 consisted of the following ($ in millions): | | | | | | | | | | | 2013 | | 2012 | | 2011 | Selling, general and administrative expenses | $63 | | $81 | | $89 | Separation costs | — |
| | 28 |
| | — |
| Restructuring, asset impairments and divestiture charges (gains), net | — |
| | 4 |
| | — |
| Total share-based compensation costs included in Continuing operations | 63 |
| | 113 |
| | 89 |
| Discontinued operations | — |
| | 27 |
| | 21 |
| Total share-based compensation costs | $63 | | $140 | | $110 |
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Schedule of weighted average assumptions |
The weighted-average assumptions used in the Black-Scholes option pricing model for 2013, 2012 and 2011 are as follows: | | | | | | | | | | | | | | 2013 | | 2012 | | 2011 | Expected stock price volatility | 35 | % | | 36 | % | | 33 | % | Risk free interest rate | 0.87 | % | | 1.46 | % | | 1.30 | % | Expected annual dividend per share | $ | 0.60 |
| | $ | 1.00 |
| | $ | 0.84 |
| Expected life of options (years) | 5.8 |
| | 5.8 |
| | 5.2 |
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Schedule of share-based compensation arrangements, activity during the period |
A summary of the option activity as of September 27, 2013, and changes during the year then ended is presented below: | | | | | | | | | | | | | | | Shares | | Weighted- Average Exercise Price | | Weighted- Average Remaining Contractual Term (in years) | | Aggregate Intrinsic Value ($ in millions) | Outstanding as of September 28, 2012 | 21,670,340 |
| | $ | 20.89 |
| | | | |
| Granted | 4,214,430 |
| | 27.27 |
| | | | |
| Exercised | (7,306,955 | ) | | 20.90 |
| | | | |
| Expired | (640,895 | ) | | 21.69 |
| | | | |
| Forfeited | (137,731 | ) | | 23.98 |
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| Outstanding as of September 27, 2013 | 17,799,189 |
| | 22.34 |
| | 6.20 | | $ | 225 |
| Vested and unvested expected to vest as of September 27, 2013 | 16,924,966 |
| | 22.19 |
| | 6.09 | | $ | 216 |
| Exercisable as of September 27, 2013 | 9,190,538 |
| | 21.20 |
| | 4.31 | | $ | 126 |
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Schedule of share-based compensation arrangements, restricted stock unit awards and changes |
A summary of the activity of the Company's restricted stock unit awards as of September 27, 2013 and changes during the year then ended is presented in the tables below: | | | | | | | | Non-vested Restricted Stock Units | Shares | | Weighted-Average Grant-Date Fair Value | Non-vested as of September 28, 2012 | 5,164,283 |
| | $ | 20.24 |
| Granted | 1,366,929 |
| | 27.66 |
| Vested | (2,118,908 | ) | | 18.49 |
| Forfeited | (443,177 | ) | | 20.76 |
| Non-vested as of September 27, 2013 | 3,969,127 |
| | 22.63 |
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Schedule of share-based compensation arrangements, performance share unit awards and changes |
A summary of the activity of the Company's performance share unit awards as of September 27, 2013 and changes during the year then ended is presented in the table below: | | | | | | | | Non-vested Performance Share Units | Shares | | Weighted-Average Grant-Date Fair Value | Non-vested as of September 28, 2012 | — |
| | $ | — |
| Granted | 897,197 |
| | 30.36 |
| Vested | — |
| | — |
| Forfeited | (41,355 | ) | | 30.36 |
| Non-vested as of September 27, 2013 | 855,842 |
| | 30.36 |
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