XML 33 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-based Compensation (Tables)
 6 Months Ended
Sep. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of the total compensation expense and the associated income tax benefits recognized related to stock-based compensation arrangements
A summary of the total compensation expense recorded within SG&A expenses and the associated income tax benefits recognized related to stock-based compensation arrangements is as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 27,
2014
 
September 28,
2013
 
September 27,
2014
 
September 28,
2013
 
 
(millions)
Compensation expense
 
$
19

 
$
21

 
$
42

 
$
43

Income tax benefit
 
$
(8
)
 
$
(8
)
 
$
(16
)
 
$
(16
)
Weighted average assumptions used to estimate the fair value of stock options granted
The Company's weighted average assumptions used to estimate the fair value of stock options granted during the six months ended September 27, 2014 and September 28, 2013 were as follows:
 
 
Six Months Ended
 
 
September 27,
2014
 
September 28,
2013
Expected term (years)
 
4.2

 
4.2

Expected volatility
 
30.2
%
 
33.3
%
Expected dividend yield
 
1.10
%
 
0.97
%
Risk-free interest rate
 
1.4
%
 
1.1
%
Weighted-average option grant date fair value
 
$37.91

 
$46.98
Summary of the stock option activity under all plans
A summary of stock option activity under all plans for the six months ended September 27, 2014 is as follows:
 
 
Number of Options
 
 
(thousands)
Options outstanding at March 29, 2014
 
3,026

Granted
 
847

Exercised
 
(333
)
Cancelled/Forfeited
 
(71
)
Options outstanding at September 27, 2014
 
3,469
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share Based Payment Award Performance Stock Units With Market Condition Valuation Assumptions [Table Text Block]
The weighted average assumptions used to estimate the fair value of performance-based RSUs with a TSR modifier granted during the six-month periods ended September 27, 2014 and September 28, 2013 were as follows:
 
 
Six Months Ended
 
 
September 27,
2014
 
September 28,
2013
Expected term (years)
 
3.0

 
3.0

Expected volatility
 
29.8
%
 
33.1
%
Expected dividend yield
 
1.09
%
 
0.96
%
Risk-free interest rate
 
0.9
%
 
0.4
%
Weighted-average grant date fair value per share
 
$169.47

 
$171.07
Restricted Stock And Service Based Restricted Stock Units [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock and restricted stock unit activity
A summary of restricted stock and service-based RSU activity during the six months ended September 27, 2014 is as follows:
 
 
Number of Shares
 
 
Restricted Stock
 
Service-based RSUs
 
 
(thousands)
Nonvested at March 29, 2014
 
5

 
7

Granted
 
3

 
12

Vested
 
(3
)
 
—

Nonvested at September 27, 2014
 
5

 
19
Performance Shares [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock and restricted stock unit activity
A summary of performance-based RSU activity during the six months ended September 27, 2014 is as follows:
 
 
Number of Shares
 
 
Performance-based RSUs — without
TSR Modifier
 
Performance-based RSUs — with
TSR Modifier
 
 
(thousands)
Nonvested at March 29, 2014
 
798

 
145

Granted
 
303

 
79

Change due to performance/market conditions achievement
 
83

 
—

Vested
 
(422
)
 
—

Forfeited
 
(40
)
 
(9
)
Nonvested at September 27, 2014
 
722

 
215