Equity-Based Compensation

9 Months Ended

Jun. 29, 2013

Equity-Based Compensation

10. Equity-Based Compensation

Compensation expense related to stock options, stock appreciation rights and restricted stock units (RSUs) is as follows:

	Quarter Ended				Nine Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Stock options/rights (1)	$	25	$	29	$	78	$	89
RSUs	76		77		236		234
Total equity-based compensation expense (2)	$	101	$	106	$	314	$	323
Equity-based compensation expense capitalized during the period	$	14	$	15	$	43	$	42

⁽¹⁾  Includes stock appreciation rights.

⁽²⁾  Equity-based compensation expense is net of capitalized equity-based compensation and excludes amortization of previously capitalized equity-based compensation costs. During the quarter and nine months ended June 29, 2013, amortization of previously capitalized equity-based compensation totaled $14 million and $51 million, respectively. During the quarter and nine months ended June 30, 2012, amortization of previously capitalized equity-based compensation totaled $15 million and $39 million, respectively.

Unrecognized compensation cost related to unvested stock options/rights and RSUs totaled approximately $173 millionand $606 million, respectively, as of June 29, 2013.

The weighted average grant date fair values of options issued during the nine months ended June 29, 2013 and June 30, 2012 were $12.38 and $10.65, respectively.

During the nine months ended June 29, 2013, the Company made equity compensation grants consisting of 8.6 million stock options and 7.0 million RSUs, of which 0.4 million RSUs included market and/or performance conditions.