Stock-Based Compensation

9 Months Ended

Dec. 29, 2017

Stock-based compensation expense

The following table presents the stock-based compensation expense recognized in our Condensed Consolidated Statements of Operations:



	Three Months Ended					Nine Months Ended
(In millions)	December 29, 2017		December 30, 2016			December 29, 2017			December 30, 2016
Cost of revenues	$	7	$	6		$	22		$	14
Sales and marketing	30		25			123			63
Research and development	49		25			143			64
General and administrative	39		41			160			90
Total stock-based compensation expense	125		97			448			231
Tax expense (benefit) associated with stock-based compensation expense	2		(34		)	(107		)	(74		)
Net stock-based compensation expense	$	127	$	63		$	341		$	157

The tax expense (benefit) associated with stock-based compensation expense for the three and nine months ended December 29, 2017 reflects the impact of the enactment of the Act. The tax benefit associated with stock-based compensation expense for the three and nine months ended December 30, 2016 reflects the historic tax rates.

The following table summarizes additional information related to our stock-based compensation:



	Nine Months Ended
(In millions, except per grant data)	December 29, 2017		December 30, 2016
Restricted stock units:
Weighted-average fair value per award granted and assumed	$	30.20	$	18.80
Awards granted and assumed	11.9		14.2
Total fair value of awards released	$	265	$	138
Total unrecognized compensation expense, net of estimated forfeitures	$	369	$	257
Weighted-average remaining recognition period	1.7 years		2.0 years
Performance-based restricted stock units:
Weighted-average fair value per award granted and assumed	$	32.94	$	19.99
Awards granted and assumed	3.7		5.0
Total fair value of awards released	$	24	$	13
Total unrecognized compensation expense, net of estimated forfeitures	$	92	$	63
Weighted-average remaining recognition period	0.9 years		1.2 years
Stock options:
Total intrinsic value of stock options exercised	$	123	$	57
Total unrecognized compensation expense, net of estimated forfeitures	$	79	$	116
Weighted-average remaining recognition period	1.0 year		1.6 years

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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