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Equity-Based Compensation (Tables)
12 Months Ended
Oct. 01, 2022
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:
202220212020
Risk-free interest rate1.6%1.2%1.8%
Expected volatility28%30%23%
Dividend yield—%0.03%1.36%
Termination rate5.8%5.8%5.8%
Exercise multiple1.98 1.83 1.83 
Impact of Stock Options and Restricted Stock Units on Income
Compensation expense related to stock options and RSUs is as follows:
202220212020
Stock option$88  $95  $101  
RSUs889  505  424  
Total equity-based compensation expense(1)
977  600  525  
Tax impact(221) (136) (118) 
Reduction in net income$756  $464  $407  
Equity-based compensation expense capitalized during the period$148  $112  $87  
(1)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 2022 (shares in millions):
 SharesWeighted
Average
Exercise Price
Outstanding at beginning of year18    $113.99
Awards forfeited    143.27
Awards granted2    146.15
Awards exercised(2)   69.05
Outstanding at end of year18    $121.28
Exercisable at end of year13    $111.01
Information about Stock Options Vested and Expected to Vest
The following tables summarize information about stock options vested and expected to vest at October 1, 2022 (shares in millions):
Vested
Range of Exercise PricesNumber of
Options
Weighted Average
Exercise Price
Weighted Average
Remaining Years of 
Contractual Life
$$55 1$51.280.3
$56 $110 495.593.1
$111 $165 7120.615.7
$166 $225 1177.748.4
13
Expected to Vest
Range of Exercise Prices
Number of
Options(1)
Weighted Average
Exercise Price
Weighted Average
Remaining Years of 
Contractual Life
$95 $125 1$109.616.7
$126 $155 3148.368.1
$156 $185 1173.448.4
5
(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 2022 (shares in millions):
 
Units(3)
Weighted Average
Grant-Date Fair Value
Unvested at beginning of year13$151.61
Granted(1)
13136.36
Vested(7) 144.39
Forfeited(1) 155.88
Unvested at end of year(2)
18$144.00
(1)Includes 0.3 million Performance RSUs
(2)Includes 0.6 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 1, 2022, the maximum number of these Performance RSUs that could be issued upon vesting is 0.1 million.