XML 44 R28.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stock Based Compensation (Tables)
12 Months Ended
Jan. 31, 2016
Notes to financial statements [Abstract]  
Stock-based compensation expense, net of amounts capitalized as inventory
 
Year Ended
 
January 31,
2016
 
January 25,
2015
 
January 26,
2014
 
(In millions)
Cost of revenue
$
15

 
$
12

 
$
11

Research and development
115

 
88

 
83

Sales, general and administrative
74

 
58

 
42

Total
$
204

 
$
158

 
$
136

Summary of equity awards granted under equity incentive plans
 
Year Ended
 
January 31,

January 25,
 
January 26,
2016

2015
 
2014
 
(In millions, except per share data)
Stock Options
 
 
 
 
 
Awards granted




6

Estimated total grant-date fair value
$

 
$

 
$
21

Weighted average grant-date fair value (per share)
$

 
$

 
$
3.47

 
 
 
 
 
 
RSUs, PSUs and Market-based PSUs
 
 
 
 
 
Awards granted
13

 
13

 
11

Estimated total grant-date fair value
$
296

 
$
228

 
$
145

Weighted average grant-date fair value (per share)
$
22.01

 
$
17.68

 
$
13.46

 
 
 
 
 
 
ESPP
 
 
 
 
 
Shares purchased
6

 
7

 
6

Weighted average price (per share)
$
13.67

 
$
10.99

 
$
10.79

Weighted average grant-date fair value (per share)
$
4.53

 
$
4.99

 
$
5.60

Summary of unearned stock-based compensation expense
 
January 31,
 
January 25,
 
2016
 
2015
 
(In millions)
Unearned stock-based compensation expense
$
381

 
$
291

 
 
 
 
Estimated weighted average remaining amortization period
(In years)
Stock Options
1.1

 
1.8

RSUs, PSUs and Market-based PSUs
2.7

 
2.8

ESPP
0.7

 
0.5

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
 
Year Ended
 
January 31,
2016
 
January 25,
2015
 
January 26,
2014
 
(Using a binomial model)
Stock Options
 
 
 
 
 
Weighted average expected life (in years)

 

 
2.4-3.5
Risk-free interest rate

 

 
1.8%-3.0%
Volatility

 

 
28%-37%
Dividend yield

 

 
1.9%-2.4%

 
Year Ended
 
January 31,
2016
 
January 25,
2015
 
January 26,
2014
 
(Using the Black-Scholes model)
ESPP
 
 
 
 
 
Weighted average expected life (in years)
0.5-2.0
 
0.5-2.0
 
0.5-2.0
Risk-free interest rate
0.1%-0.7%
 
0.1%-0.5%
 
0.1%-0.4%
Volatility
24%-34%
 
23%-31%
 
32%-37%
Dividend yield
1.5%-1.8%
 
1.7%-1.9%
 
2.0%-2.4%
Schedule of Share-based Compensation, Activity
 
RSUs, PSUs and Market-based PSUs Outstanding
 
Options Outstanding
 
Number of
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Number of
Shares
 
Weighted
Average
Exercise Price
Per Share
 
Weighted
Average
Remaining  
Contractual
Life
 
Aggregate
Intrinsic
Value (3)
 
(In millions, except years and per share data)
Balances, January 25, 2015
23

 
$
15.94

 
21

 
$
14.61

 
 
 
 
Granted (1)(2)
13

 
$
22.01

 

 
$

 
 
 
 
Exercised

 

 
(7
)
 
$
14.60

 
 
 
 
Vested restricted stock
(8
)
 
$
15.56

 

 

 
 
 
 
Canceled and forfeited
(2
)
 
$
16.63

 
(1
)
 
$
17.28

 
 
 
 
Balances, January 31, 2016
26

 
$
19.12

 
13

 
$
14.49

 
5.9
 
$
197

Exercisable as of January 31, 2016
 
 
 
 
11

 
$
14.51

 
5.6
 
$
159

Vested and expected to vest after January 31, 2016
22

 
$
19.14

 
13

 
$
14.50

 
5.8
 
$
191




(1)
Includes the total number of PSUs that became eligible to vest based on the corporate financial performance level achieved for fiscal year 2016.

(2)
Includes the market-based PSUs that become eligible to vest if the maximum target for total shareholder return, or TSR, over the 3-year measurement period is achieved. Depending on the ranking of our TSR compared to the respective TSRs of the companies comprising the Standard & Poor’s 500 Index during a 3-year measurement period, the market-based PSUs that become eligible to vest could range from 0 to 0.4 million shares. We granted market-based PSUs during the first quarter of fiscal year 2016 to our CEO and senior management as approved by our Compensation Committee.

(3)
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value for in-the-money options at January 31, 2016, based on the $29.29 closing price of our common stock on January 29, 2016.