v2.4.0.6
Stock-Based Compensation Plans
 3 Months Ended
Nov. 20, 2011
Stock-Based Compensation Plans [Abstract]  
Stock-Based Compensation Plans

Note 6—Stock-Based Compensation Plans

Summary of Stock Option Activity

The following table summarizes stock option transactions during the first quarter of 2012:

 

     Number
Of
Options
(in 000's)		     Weighted-
Average
Exercise
Price		      Weighted-
Average
Remaining
Contractual
Term
(in years) 		     Aggregate
Intrinsic
Value(1) 		 

Outstanding and exercisable at August 28, 2011

      5,917      $ 40.07         

Exercised

      (594 )      39.74         
  

 

 

    

 

 

     

 

 

     

 

 

  

Outstanding and excercisable at November 20, 2011

      5,323      $ 40.10         2.58       $ 222   
  

 

 

    

 

 

     

 

 

     

 

 

  

  (1) The difference between the exercise price and market value of common stock at November 20, 2011.

The tax benefits realized and intrinsic value related to total stock options exercised during the first quarter of 2012 and 2011 are provided in the following table:

 

     Quarter Ended  
     November 20,
2011		      November 21,
2010		  

Actual tax benefit realized for stock options exercised

    $ 9       $ 29   

Intrinsic value of stock options exercised (1)

   $ 26       $ 81   

  (1) The difference between the exercise price and market value of common stock measured at each individual exercise date.

Summary of Restricted Stock Unit Activity

At November 20, 2011, 5,078,000 shares were available to be granted as RSUs to eligible employees and directors under the Fifth Restated 2002 Plan.

 

The following awards were outstanding at the end of the first quarter of 2012:

 

  •  

8,789,000shares of time-based RSUs which vest upon continued employment over specified periods of time;

 

  •  

398,000performance-based RSUs granted to certain executive officers of the Company for which the performance targets have been met. Further restrictions lapse upon achievement of continued employment over specified periods of time; and

 

  •  

304,000performance-based RSUs to be granted to executive officers of the Company upon achievement of specified performance targets for fiscal 2012, as determined by the Compensation Committee of the Board of Directors after the end of the fiscal year. These awards are not included in the table below.

The following table summarizes RSU transactions during the first quarter of 2012:

 

     Number
of Units
(in 000's)		     Weighted-
Average
Grant Date
Fair Value		  

Non-vested at August 28, 2011

      9,727      $ 57.56   

Granted

      3,239        81.73   

Vested

      (3,723 )      59.00   

Forfeited

      (56 )      67.21   
  

 

 

    

 

 

  

Non-vested at November 20, 2011

      9,187      $ 65.45   
  

 

 

    

 

 

  

Summary of Stock-Based Compensation

The following table summarizes stock-based compensation expense and the related tax benefits under the Company's plans:

 

     Quarter Ended  
     November 20,
2011		     November 21,
2010		  

RSUs

    $ 76      $ 56   

Stock options

      0        1   
  

 

 

    

 

 

  

Total stock-based compensation expense before income taxes

      76        57   

Less recognized income tax benefit

      (25 )      (19 ) 
  

 

 

    

 

 

  

Total stock-based compensation expense, net of income taxes

    $ 51      $ 38   
  

 

 

    

 

 

  

The remaining unrecognized compensation cost related to non-vested RSUs at November 20, 2011 was $572 and the weighted-average period of time over which this cost will be recognized is 1.9 years.