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Stock-Based Compensation
3 Months Ended
Jul. 05, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Stock-based compensation expense
The following table sets forth the stock-based compensation expense recognized for our equity incentive plans:
 
Three Months Ended
(In millions)
July 5, 2019
 
June 29, 2018
Cost of revenues
$
5

 
$
5

Sales and marketing
25

 
31

Research and development
35

 
39

General and administrative
15

 
38

Total stock-based compensation expense
$
80

 
$
113

Income tax benefit for stock-based compensation expense
$
(15
)
 
$
(26
)

The following table summarizes additional information related to our stock-based compensation:
 
Three Months Ended
(In millions, except per grant data)
July 5, 2019
 
June 29, 2018
RSUs:
 
 
 
Weighted-average fair value per award granted
$
19.39

 
$
21.71

Awards granted
12

 
10

Total fair value of awards released
$
174

 
$
167

Outstanding and unvested
22

 
20

PRUs:
 
 
 
Weighted-average fair value per award granted
$
19.21

 
$

Awards granted
2

 

Total fair value of awards released
$
26

 
$
8

Outstanding and unvested at target payout
3

 
3

Stock options:
 
 
 
Weight-average fair value per award granted
$
4.76

 
$

Awards granted
2

 

Total intrinsic value of stock options exercised
$
71

 
$
7

Outstanding
8

 
13

Exercisable
6

 
11

Restricted stock:
 
 
 
Outstanding and unvested
1

 
1


Liability-classified awards settled in shares
For certain employees, we settled fiscal 2019 bonuses in approximately 1 million RSUs. These awards were granted and vested in the first quarter of fiscal 2020. As of July 5, 2019 and March 29, 2019, the total liability associated with liability-classified awards was $4 million and $22 million, respectively, which is presented in Accrued compensation and benefits in our Condensed Consolidated Balance Sheets.
As of July 5, 2019, the total unrecognized stock-based compensation costs, net of estimated forfeitures, were as follows:
(In millions)
Unrecognized compensation cost
 
Weighted-average remaining years
RSUs
$
327

 
2.2 years
PRUs
32

 
1.7 years
Options
18

 
1.3 years
Restricted stock
18

 
1.3 years
Liability-classified awards settled in shares
25

 
2.1 years
Employee stock purchase plan
10

 
0.6 years
Total
$
430