Equity Plans

9 Months Ended

Jun. 01, 2023

Share-Based Payment Arrangement [Abstract]

Equity Plans

Equity Plans

As of June 1, 2023, 102 million shares of our common stock were available for future awards under our equity plans, including 16 million shares approved for issuance under our employee stock purchase plan.

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

Restricted Stock Awards activity is summarized as follows:

Nine months ended	June 1, 2023		June 2, 2022
Restricted stock award shares granted	14		12
Weighted-average grant-date fair value per share	$	54.13	$	71.31

Employee Stock Purchase Plan (“ESPP”)

For the six-month ESPP offering periods that ended in the second quarters of 2023 and 2022, employees purchased 3 million and 2 million shares, respectively, at a per share price of $52.45 and $65.94, respectively.

Stock-based Compensation Expense

Stock-based compensation expense recognized in our statements of operations is presented below. Stock-based compensation expense of $89 million and $48 million was capitalized and remained in inventory as of June 1, 2023 and September 1, 2022, respectively.

	Quarter ended				Nine months ended
	June 1, 2023		June 2, 2022		June 1, 2023		June 2, 2022
Stock-based compensation expense by caption
Cost of goods sold	$	61	$	57	$	137	$	145
Research and development	57		45		169		128
Selling, general, and administrative	34		33		107		98
Restructure	(4)		—		(6)		(5)
	$	148	$	135	$	407	$	366
Stock-based compensation expense by type of award
Restricted stock awards	$	129	$	116	$	354	$	316
ESPP	19		19		53		49
Stock options	—		—		—		1
	$	148	$	135	$	407	$	366

As of June 1, 2023, $1.23 billion 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 2027, resulting in a weighted-average period of 1.3 years.