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Share-Based Compensation
9 Months Ended
Jun. 29, 2024
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
Restricted Stock Units
A summary of the Company’s RSU activity and related information for the nine months ended June 29, 2024 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 30, 2023180,247 $135.91 
RSUs granted78,276 $172.26 
RSUs vested(83,842)$126.47 
RSUs canceled(8,258)$137.85 
Balance as of June 29, 2024166,423 $157.66 $35,052 
The fair value as of the respective vesting dates of RSUs was $6.4 billion and $15.0 billion for the three- and nine-month periods ended June 29, 2024, respectively, and was $7.0 billion and $14.9 billion for the three- and nine-month periods ended July 1, 2023, 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- and nine-month periods ended June 29, 2024 and July 1, 2023 (in millions):
Three Months EndedNine Months Ended
June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
Share-based compensation expense$2,869 $2,617 $8,830 $8,208 
Income tax benefit related to share-based compensation expense$(764)$(993)$(2,662)$(2,791)
As of June 29, 2024, the total unrecognized compensation cost related to outstanding RSUs was $21.9 billion, which the Company expects to recognize over a weighted-average period of 2.6 years.