Equity-Based Compensation

9 Months Ended

Jun. 28, 2014

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

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



	Quarter Ended				Nine Months Ended
	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Stock options/rights ⁽¹⁾	$	25	$	25	$	76	$	78
RSUs	77		76		237		236
Total equity-based compensation expense ⁽²⁾	$	102	$	101	$	313	$	314
Equity-based compensation expense capitalized during the period	$	10	$	14	$	39	$	43


⁽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 28, 2014, amortization of previously capitalized equity-based compensation totaled $10 million and $37 million, respectively. During the quarter and nine months ended June 29, 2013, amortization of previously capitalized equity-based compensation totaled $14 million and $51 million, respectively.

Unrecognized compensation cost related to unvested stock options/rights and RSUs totaled approximately $184 million and $569 million, respectively, as of June 28, 2014.

The weighted average grant date fair values of options issued during the nine months ended June 28, 2014 and June 29, 2013 were $19.21 and $12.38, respectively.

During the nine months ended June 28, 2014, the Company made equity compensation grants consisting of 5.7 million stock options and 5.1 million RSUs, of which 0.3 million RSUs included market and/or performance conditions.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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