Equity Plans

6 Months Ended

Mar. 03, 2022

Share-based Payment Arrangement [Abstract]

Equity Plans

Equity Plans

As of March 3, 2022, 97 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 Awards activity is summarized as follows:

Six months ended	March 3, 2022		March 4, 2021
Restricted stock award shares granted	10		10
Weighted-average grant-date fair value per share	$	71.31	$	52.02

In the first quarter of 2022, our Board of Directors approved dividend equivalent rights for unvested restricted stock units awarded on or after October 13, 2021.

Employee Stock Purchase Plan (“ESPP”)

For each six month period ended March 3, 2022 and March 4, 2021, we issued 2 million shares at a per share price of $65.94 and $42.55, respectively.

Stock-based Compensation Expense

Stock based compensation expense recognized in our statements of operations is presented below. Stock-based compensation expense of $46 million and $30 million was capitalized and remained in inventory as of March 3, 2022 and September 2, 2021, respectively.

	Quarter ended				Six months ended
	March 3, 2022		March 4, 2021		March 3, 2022		March 4, 2021
Stock-based compensation expense by caption
Cost of goods sold	$	45	$	57	$	88	$	98
Research and development	45		29		83		53
Selling, general, and administrative	30		26		65		53
Restructure	—		—		(5)		—
	$	120	$	112	$	231	$	204
Stock-based compensation expense by type of award
Restricted stock awards	$	104	$	94	$	200	$	171
ESPP	16		15		30		27
Stock options	—		3		1		6
	$	120	$	112	$	231	$	204

As of March 3, 2022, $1.12 billion of total unrecognized compensation costs for unvested awards, before the effect of any future forfeitures, was expected to be recognized through the second quarter of 2026, resulting in a weighted-average period of 1.4 years.