v3.25.2
Share Plans (Tables)
9 Months Ended
Jun. 27, 2025
Share Plans  
Share-based compensation expense

For the

For the

Quarters Ended

Nine Months Ended

June 27,

June 28,

June 27,

June 28,

    

2025

    

2024

    

2025

    

2024

    

(in millions)

Share-based compensation expense

 

$

36

 

$

31

$

105

 

$

100

Summary of share-based award activity

During the quarter ended December 27, 2024, we granted the following share-based awards as part of our annual incentive plan grant:

Grant-Date

    

Shares

    

Fair Value

    

(in millions)

Share options

0.7

$

46.45

Restricted share awards

0.4

 

153.25

Performance share awards

0.1

153.25

Weighted-average assumptions

The assumptions we used in the Black-Scholes-Merton option pricing model for the options granted as part of our annual incentive plan grant were as follows:

Expected share price volatility

    

 

31

%

    

Risk-free interest rate

 

4.5

%

Expected annual dividend per share

$

2.60

Expected life of options (in years)

 

5.3