v3.23.2
Benefit Plans
 9 Months Ended
Jul. 01, 2023
Share-Based Payment Arrangement [Abstract]  
Benefit Plans Benefit Plans
Restricted Stock Units
A summary of the Company’s RSU activity and related information for the nine months ended July 1, 2023 is as follows:
Number of
RSUs
(in thousands)
Weighted-Average
Grant Date Fair
Value Per RSU
Aggregate
Fair Value
(in millions)
Balance as of September 24, 2022201,501 $109.48 
RSUs granted86,896 $150.23 
RSUs vested(96,681)$95.97 
RSUs canceled(7,000)$126.48 
Balance as of July 1, 2023184,716 $135.08 $35,829 
The fair value as of the respective vesting dates of RSUs was $7.0 billion and $14.9 billion for the three- and nine-month periods ended July 1, 2023, respectively, and was $7.8 billion and $17.3 billion for the three- and nine-month periods ended June 25, 2022, respectively.
Share-Based Compensation
The following table shows share-based compensation expense and the related income tax benefit included in the Condensed Consolidated Statements of Operations for the three- and nine-month periods ended July 1, 2023 and June 25, 2022 (in millions):
Three Months EndedNine Months Ended
July 1,
2023		June 25,
2022		July 1,
2023		June 25,
2022
Share-based compensation expense$2,617 $2,243 $8,208 $6,760 
Income tax benefit related to share-based compensation expense$(993)$(1,231)$(2,791)$(3,416)
As of July 1, 2023, the total unrecognized compensation cost related to outstanding RSUs and stock options was $20.9 billion, which the Company expects to recognize over a weighted-average period of 2.7 years.