Share Plans (Tables)

9 Months Ended

Jun. 24, 2022

Share Plans

Share-based compensation expense

	For the				For the
	Quarters Ended				Nine Months Ended
	June 24,		June 25,		June 24,		June 25,
	2022		2021		2022		2021
	(in millions)
Share-based compensation expense	$	28	$	24	$	88	$	73

Summary of share-based award activity

During the quarter ended December 24, 2021, we granted the following share-based awards as part of our annual incentive plan grant:

		Grant-Date
	Shares	Fair Value
	(in millions)
Share options	0.8	$	37.67
Restricted share awards	0.3		158.00
Performance share awards	0.1		158.00

Weighted-average assumptions

The assumptions we used in the Black-Scholes-Merton option pricing model for the options granted as part of our annual incentive plan grant were as follows:

Expected share price volatility		29	%
Risk-free interest rate		1.1	%
Expected annual dividend per share	$	2.00
Expected life of options (in years)		5.1