Stock-Based Compensation

9 Months Ended

Jan. 27, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-based Compensation

Note 18 – Stock-Based Compensation

Under the fair value recognition provisions of U.S. GAAP for accounting for stock-based compensation, the Company measures stock-based compensation expense at the grant date based on the fair value of the award and recognizes the compensation expense over the requisite service period, which is generally the vesting period.

The following table presents the components and classification of stock-based compensation expense recognized for the three and nine months endedJanuary 27, 2012 and January 28, 2011:

	Three months ended				Nine months ended
	January 27,		January 28,		January 27,		January 28,
(in millions)	2012		2011		2012		2011
Stock options	$	12	$	20	$	48	$	70
Restricted stock awards/units		19		28		66		75
Employee stock purchase plan		3		4		10		11
Total stock-based compensation expense	$	34	$	52	$	124	$	156
Cost of products sold	$	3	$	5	$	10	$	17
Research and development expense		6		13		22		39
Selling, general, and administrative expense		25		34		92		100
Total stock-based compensation expense	$	34	$	52	$	124	$	156
Income tax benefits		(9)		(16)		(35)		(46)
Total stock-based compensation expense, net of tax	$	25	$	36	$	89	$	110