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Benefit Plans
 3 Months Ended
Dec. 28, 2019
Share-based Payment Arrangement [Abstract]  
Benefit Plans Benefit Plans
Stock Plans
The Company had 194.4 million shares reserved for future issuance under its stock plans as of December 28, 2019. Restricted stock units (“RSUs”) granted under the Company’s stock plans generally vest over four years, based on continued employment, and are settled upon vesting in shares of the Company’s common stock on a one-for-one basis. RSUs granted under the Company’s stock plans reduce the number of shares available for grant under the plans by a factor of two times the number of RSUs granted. RSUs canceled and shares withheld to satisfy tax withholding obligations increase the number of shares available for grant under the plans utilizing a factor of two times the number of RSUs canceled or shares withheld.
Rule 10b5-1 Trading Plans
During the three months ended December 28, 2019, Section 16 officers Timothy D. Cook, Chris Kondo, Luca Maestri, Deirdre O’Brien and Jeffrey Williams had equity trading plans in place in accordance with Rule 10b5-1(c)(1) under the Exchange Act. An equity trading plan is a written document that pre-establishes the amounts, prices and dates (or formula for determining the amounts, prices and dates) of future purchases or sales of the Company’s stock, including shares acquired under the Company’s employee and director equity plans.
Restricted Stock Units
A summary of the Company’s RSU activity and related information for the three months ended December 28, 2019 is as follows:
 
Number of
RSUs
(in thousands)
 
Weighted-Average
Grant Date Fair
Value Per RSU
 
Aggregate
Fair Value
(in millions)
Balance as of September 28, 2019
81,517

 
$
169.18

 
 
RSUs granted
33,775

 
$
220.78

 
 
RSUs vested
(17,837
)
 
$
150.42

 
 
RSUs canceled
(1,435
)
 
$
184.51

 
 
Balance as of December 28, 2019
$
96,020

 
$
190.59

 
$
27,827


The fair value as of the respective vesting dates of RSUs was $4.2 billion and $4.1 billion for the three months ended December 28, 2019 and December 29, 2018, respectively.
Share-Based Compensation
The following table shows share-based compensation expense and the related income tax benefit included in the Condensed Consolidated Statements of Operations for the three months ended December 28, 2019 and December 29, 2018 (in millions):
 
Three Months Ended
 
December 28,
2019
 
December 29,
2018
Share-based compensation expense
$
1,710

 
$
1,559

Income tax benefit related to share-based compensation expense
$
(758
)
 
$
(750
)

As of December 28, 2019, the total unrecognized compensation cost related to outstanding RSUs and stock options was $15.7 billion, which the Company expects to recognize over a weighted-average period of 2.9 years.