Employee Stock Plans

Employee Stock Plans

As discussed in Note 1, Summary of Significant Accounting Policies, on April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share and per-share data presented in this note has been retroactively adjusted to reflect this stock split.

As of March 29, 2015, there were 95.1 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 14.6 million shares available for issuance under our employee stock purchase plan.

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):



	Quarter Ended				Two Quarters Ended
	Mar 29, 2015		Mar 30, 2014		Mar 29, 2015		Mar 30, 2014
Options	$	8.1	$	9.7	$	20.6	$	22.5
Restricted Stock Units (“RSUs”)	44.2		34.1		83.6		69.1
Total stock-based compensation	$	52.3	$	43.8	$	104.2	$	91.6

Stock option and RSU transactions from September 28, 2014 through March 29, 2015 (in millions):



	Stock Options			RSUs
Options outstanding/Nonvested RSUs, September 28, 2014	39.6			10.8
Granted	6.2			6.4
Options exercised/RSUs vested	(7.0		)	(5.0		)
Forfeited/expired	(0.8		)	(0.9		)
Options outstanding/Nonvested RSUs, March 29, 2015	38.0			11.3
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 29, 2015	$	46.8		$	195.3

- 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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