Share Plans (Tables)

3 Months Ended

Dec. 29, 2023

Share Plans

Share-based compensation expense

	For the
	Quarters Ended
	December 29,		December 30,
	2023		2022
	(in millions)
Share-based compensation expense	$	34	$	32

Summary of share-based award activity

During the quarter ended December 29, 2023, we granted the following share-based awards as part of our annual incentive plan grant:

		Grant-Date
	Shares	Fair Value
	(in millions)
Share options	0.9	$	39.77
Restricted share awards	0.4		131.77
Performance share awards	0.2		131.77

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		31	%
Risk-free interest rate		4.6	%
Expected annual dividend per share	$	2.36
Expected life of options (in years)		5.3