Equity Plans

9 Months Ended

May 28, 2020

Share-based Payment Arrangement [Abstract]

Equity Plans

Equity Plans

As of May 28, 2020, 92 million shares of our common stock were available for future awards under our equity plans.

Restricted Stock and Restricted Stock Units (“Restricted Stock Awards”)

Restricted Stock Award activity is summarized as follows:

	Quarter ended				Nine months ended
	May 28, 2020		May 30, 2019		May 28, 2020		May 30, 2019
Restricted stock award shares granted	—		1		8		7
Weighted-average grant-date fair value per share	$	45.78	$	40.00	$	46.37	$	39.83

Employee Stock Purchase Plan (“ESPP”)

For the six-month ESPP periods ended January 2020 and January 2019, we issued 2 million and 1 million shares, respectively, at a per share price of $38.16 and $32.50, respectively. Grant-date fair value and assumptions used in the Black-Scholes option valuation model for ESPP grants for the periods below were as follows:

Nine months ended	May 28, 2020			May 30, 2019
Weighted-average grant-date fair value per share	$	14.43		$	10.92
Average expected life in years	0.5			0.5
Weighted-average expected volatility	43		%	47		%
Weighted-average risk-free interest rate	1.5		%	2.5		%
Expected dividend yield	0		%	0		%

Stock-based Compensation Expense

	Quarter ended				Nine months ended
	May 28, 2020		May 30, 2019		May 28, 2020		May 30, 2019
Stock-based compensation expense by caption
Cost of goods sold	$	34	$	24	$	102	$	73
Selling, general, and administrative	26		18		74		55
Research and development	22		16		63		48
	$	82	$	58	$	239	$	176
Stock-based compensation expense by type of award
Restricted stock awards	$	70	$	44	$	197	$	127
ESPP	9		8		28		24
Stock options	3		6		14		25
	$	82	$	58	$	239	$	176

Income tax benefits related to the tax deductions for share-based awards are recognized only upon the settlement of the related share-based awards. Income tax benefits for share-based awards were not significant for the third quarters of 2020 or 2019 and were $62 million and $57 million for the first nine months of 2020 and 2019, respectively. As of May 28, 2020, $572 million of total unrecognized compensation costs for unvested awards, before the effect of any future forfeitures, was expected to be recognized through the third quarter of 2024, resulting in a weighted-average period of 1.3 years.