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Equity-Based Compensation (Tables)
12 Months Ended
Oct. 02, 2021
Share-based Payment Arrangement [Abstract]  
Weighted Average Assumptions used in Option-Valuation Model
The weighted average assumptions used in the option-valuation model were as follows:
202120202019
Risk-free interest rate1.2%1.8%2.8%
Expected volatility30%23%23%
Dividend yield0.03%1.36%1.61%
Termination rate5.8%5.8%4.8%
Exercise multiple1.83 1.83 1.75 
Impact of Stock Options and Restricted Stock Units on Income
Compensation expense related to stock options and RSUs is as follows:
202120202019
Stock option$95  $101  $84  
RSUs(1)
505  424  627  
Total equity-based compensation expense(2)
600  525  711  
Tax impact(136) (118) (161) 
Reduction in net income$464  $407  $550  
Equity-based compensation expense capitalized during the period$112  $87  $81  
(1)Fiscal 2019 includes a $164 million charge for acceleration of TFCF performance RSUs converted to Company RSUs in connection with the TFCF acquisition (see Note 4).
(2)Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs.
Information about Stock Option Transactions
The following table summarizes information about stock option transactions in fiscal 2021 (shares in millions):
 SharesWeighted  
Average
Exercise Price
Outstanding at beginning of year23$101.41
Awards forfeited(1) 141.97
Awards granted2177.27
Awards exercised(6) 79.21
Outstanding at end of year18$113.99
Exercisable at end of year12$98.04
Information about Stock Options Vested and Expected to Vest
The following tables summarize information about stock options vested and expected to vest at October 2, 2021 (shares in millions):
Vested
Range of Exercise PricesNumber of
Options
Weighted Average
Exercise Price
Weighted Average
Remaining Years of 
Contractual Life
$$50 1$43.760.6
$51 $100 476.092.4
$101 $150 7113.705.9
12
Expected to Vest
Range of Exercise Prices
Number of
Options(1)
Weighted Average
Exercise Price
Weighted Average
Remaining Years of 
Contractual Life
$100 $135 2$111.167.0
$136 $170 2148.028.2
$171 $200 2177.749.4
6
(1)Number of options expected to vest is total unvested options less estimated forfeitures.
Information about Restricted Stock Unit Transactions
The following table summarizes information about RSU transactions in fiscal 2021 (shares in millions):
 
Units(3)
Weighted Average
Grant-Date Fair Value
Unvested at beginning of year12$128.56
Granted(1)
6179.44
Vested(4) 122.72
Forfeited(1) 151.54
Unvested at end of year(2)
13$151.61
(1)Includes 0.2 million Performance RSUs.
(2)Includes 1.5 million Performance RSUs.
(3)Excludes Performance RSUs for which vesting is subject to service conditions and the number of units vesting is subject to the discretion of the CEO. At October 2, 2021, the maximum number of these Performance RSUs that could be issued upon vesting is 0.1 million.