Stock-Based Compensation (Tables)

6 Months Ended

Jul. 28, 2019

Share-based Payment Arrangement [Abstract]

Stock-based compensation expense, net of amounts capitalized as inventory

Our Condensed Consolidated Statements of Income include stock-based compensation expense, net of amounts allocated to inventory, as follows:

	Three Months Ended				Six Months Ended
	July 28, 2019		July 29, 2018		July 28, 2019		July 29, 2018
	(In millions)
Cost of revenue	$	8	$	8	$	12	$	16
Research and development	145		76		259		150
Sales, general and administrative	71		48		130		96
Total	$	224	$	132	$	401	$	262

Summary of equity award transactions

The following is a summary of equity award transactions under our equity incentive plans:

	RSUs, PSUs, and Market-based PSUs Outstanding
	Number of Shares		Weighted Average Grant-Date Fair Value Per Share
	(In millions, except per share data)
Balances, January 27, 2019	16		$	129.92
Granted (1) (2)	6		$	183.33
Vested restricted stock	(4	)	$	67.51
Canceled and forfeited	(1	)	$	189.95
Balances, July 28, 2019	17		$	161.37

(1) Includes the number of PSUs granted that will be issued and eligible to vest if the maximum corporate financial performance goal for fiscal year 2020 is achieved. Depending on the actual level of the corporate performance achievement at the end of fiscal year 2020, the PSUs issued could be up to 0.4 million shares.

(2)

Includes the number of market-based PSUs granted that will be issued and eligible to vest if the maximum goal for total shareholder return, or TSR, over the 3-year measurement period is achieved. Depending on the ranking of our TSR compared to those of the companies comprising the Standard & Poor’s 500 Index during that period, the market-based PSUs issued could be up to 60 thousand shares.