Equity-Based Compensation

9 Months Ended

Jun. 27, 2015

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 27, 2015		June 28, 2014		June 27, 2015		June 28, 2014
Stock options/rights ⁽¹⁾	$	25	$	25	$	77	$	76
RSUs	71		77		233		237
Total equity-based compensation expense ⁽²⁾	$	96	$	102	$	310	$	313
Equity-based compensation expense capitalized during the period	$	13	$	10	$	42	$	39


⁽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 27, 2015, amortization of previously capitalized equity-based compensation totaled $12 million and $30 million, respectively. During the quarter and nine months ended June 28, 2014, amortization of previously capitalized equity-based compensation totaled $10 million and $37 million, respectively.

Unrecognized compensation cost related to unvested stock options/rights and RSUs totaled approximately $169 million and $557 million, respectively, as of June 27, 2015.

The weighted average grant date fair values of options issued during the nine months ended June 27, 2015 and June 28, 2014 were $22.64 and $19.21, respectively.

During the nine months ended June 27, 2015, the Company made equity compensation grants consisting of 5.0 million stock options and 4.0 million RSUs.