XML 39 R42.htm IDEA: XBRL DOCUMENT v2.4.1.9
Employee Benefit Plans (Tables)
9 Months Ended
Apr. 25, 2015
Compensation and Retirement Disclosure [Abstract]  
Summary Of Share-Based Compensation Expense
Share-based compensation expense consists primarily of expenses for stock options, stock purchase rights, restricted stock, and restricted stock units granted to employees. The following table summarizes share-based compensation expense (in millions):
 
Three Months Ended
 
Nine Months Ended
 
April 25,
2015
 
April 26,
2014
 
April 25,
2015
 
April 26,
2014
Cost of sales—product
$
12

 
$
12

 
$
34

 
$
34

Cost of sales—service
44

 
39

 
115

 
112

Share-based compensation expense in cost of sales
56

 
51

 
149

 
146

Research and development
114

 
106

 
338

 
306

Sales and marketing
147

 
144

 
408

 
408

General and administrative
50

 
52

 
151

 
153

Restructuring and other charges

 

 
(2
)
 
(4
)
Share-based compensation expense in operating expenses
311

 
302

 
895

 
863

Total share-based compensation expense
$
367

 
$
353

 
$
1,044

 
$
1,009

Income tax benefit for share-based compensation
$
88

 
$
86

 
$
267

 
$
246

Summary Of Share-Based Awards Available For Grant
A summary of share-based awards available for grant is as follows (in millions):
 
Share-Based
Awards Available
for Grant
BALANCE AT JULY 27, 2013
228

Restricted stock, stock units, and other share-based awards granted
(98
)
Share-based awards canceled/forfeited/expired
36

Additional shares reserved
135

Shares withheld for taxes and not issued
6

Other
3

BALANCE AT JULY 26, 2014
310

Restricted stock, stock units, and other share-based awards granted
(79
)
Share-based awards canceled/forfeited/expired
33

Shares withheld for taxes and not issued
23

Other
(2
)
BALANCE AT APRIL 25, 2015
285

Summary Of Restricted Stock And Stock Unit Activity
A summary of the restricted stock and stock unit activity, which includes time-based and performance-based or market-based restricted stock units, is as follows (in millions, except per-share amounts):
 
Restricted Stock/
Stock Units
 
Weighted-Average
Grant Date Fair
Value per Share
 
Aggregated Fair
Market Value
UNVESTED BALANCE AT JULY 27, 2013
143

 
$
18.80

 
 
Granted and assumed
72

 
20.85

 
 
Vested
(53
)
 
19.55

 
$
1,229

Canceled/forfeited
(13
)
 
18.61

 
 
UNVESTED BALANCE AT JULY 26, 2014
149

 
19.54

 
 
Granted and assumed
52

 
24.68

 
 
Vested
(46
)
 
19.57

 
$
1,191

Canceled/forfeited
(14
)
 
19.91

 
 
UNVESTED BALANCE AT APRIL 25, 2015
141

 
$
21.40

 
 
Summary Of Stock Option Activity
A summary of the stock option activity is as follows (in millions, except per-share amounts):
 
STOCK OPTIONS OUTSTANDING
 
Number
Outstanding
 
Weighted-Average
Exercise Price per Share
BALANCE AT JULY 27, 2013
276

 
$
24.44

Assumed from acquisitions
6

 
3.60

Exercised
(78
)
 
18.30

Canceled/forfeited/expired
(17
)
 
27.53

BALANCE AT JULY 26, 2014
187

 
26.03

Assumed from acquisitions
1

 
2.72

Exercised
(64
)
 
21.05

Canceled/forfeited/expired
(12
)
 
29.55

BALANCE AT APRIL 25, 2015
112

 
$
28.26

Summary Of Significant Ranges Of Outstanding And Exercisable Stock Options

The following table summarizes significant ranges of outstanding and exercisable stock options as of April 25, 2015 (in millions, except years and share prices):
 
 
STOCK OPTIONS OUTSTANDING
 
STOCK OPTIONS EXERCISABLE
Range of Exercise Prices
 
Number
Outstanding
 
Weighted-
Average
Remaining
Contractual
Life
(in Years)
 
Weighted-
Average
Exercise
Price per
Share
 
Aggregate
Intrinsic
Value
 
Number
Exercisable
 
Weighted-
Average
Exercise
Price per
Share
 
Aggregate
Intrinsic
Value
$   0.01 – 20.00
 
5

 
4.6
 
$
6.46

 
$
116

 
4

 
$
8.51

 
$
69

$ 20.01 – 25.00
 
24

 
0.6
 
22.99

 
140

 
24

 
22.99

 
140

$ 25.01 – 30.00
 
15

 
1.3
 
26.79

 
33

 
15

 
26.79

 
33

$ 30.01 – 35.00
 
68

 
1.3
 
32.16

 

 
68

 
32.16

 

Total
 
112

 
1.3
 
$
28.26

 
$
289

 
111

 
$
28.68

 
$
242

Schedule of Assumptions Used
The assumptions for the valuation of time-based RSUs and PRSUs are summarized as follows:
 
RESTRICTED STOCK UNITS
 
PERFORMANCE
RESTRICTED STOCK UNITS
Three Months Ended
April 25, 2015
 
April 26, 2014
 
April 25, 2015
 
April 26, 2014
Number of shares granted (in millions)
33

 
6

 
1

 
2

Grant date fair value per share
$
25.31

 
$
19.95

 
$
25.87

 
$
19.85

Weighted-average assumptions/inputs:
 
 
 
 
 
 
 
   Expected dividend yield
2.8
%
 
3.1
%
 
3.0
%
 
3.5
%
   Range of risk-free interest rates
0.0%  1.4%

 
0.0% – 1.7%

 
0.0%  1.4%

 
0.1% – 1.7%

   Range of expected volatilities for index
N/A

 
N/A

 
N/A

 
N/A


RESTRICTED STOCK UNITS
 
PERFORMANCE
RESTRICTED STOCK UNITS
Nine Months Ended
April 25, 2015

April 26, 2014

April 25, 2015
 
April 26, 2014
Number of shares granted (in millions)
44


53


8

 
6

Grant date fair value per share
$
24.83


$
20.50


$
23.97

 
$
21.73

Weighted-average assumptions/inputs:
 
 
 
 
 
 
 
   Expected dividend yield
2.9
%

3.1
%

3.0
%
 
2.7
%
   Range of risk-free interest rates
0.0%  1.8%


0.0% – 1.7%


0.0%  1.8%

 
0.0%  1.7%

   Range of expected volatilities for index
N/A

 
N/A

 
14.4% – 70.0%

 
17.4% – 70.5%