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Find the number of stock options exercisable at July 30, 2017 in the Notes to the Consolidated Financial Statements. (Enter your answer in thousands.) Find the net sales to customers outside the United States for 2017 in the Notes to the Consolidated Financial Statements. (Enter your answer in millions.)

Find the number of stock options exercisable at July 30, 2017 in the Notes to the Consolidated Financial Statements. (Enter your answer in thousands.) Find the net sales to customers outside the United States for 2017 in the Notes to the Consolidated Financial Statements. (Enter your answer in millions.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. Find the number of stock options exercisable at July 30, 2017 in the Notes to the Consolidated Financial Statements. (Enter your answer in thousands.)
  2. Find the net sales to customers outside the United States for 2017 in the Notes to the Consolidated Financial Statements. (Enter your answer in millions.)
Geographic Area Information Information about operations in different geographic areas is as follows: 2017 2016 2015 Net sales United States . 6,357 $ 6,437 $ 6,400 Australia . 610 590 646 Other countries 923 934 1,036 Total. 7,890 $ 7,961 $ 8,082 2017 2016 2015 Long-lived assets United States. 1,987 S 1,967 $ 1,942 Australia . 265 242 232 Other countries 202 198 173 Total. . 2,454 S 2,407 $ 2,347
Transcribed Image Text:Geographic Area Information Information about operations in different geographic areas is as follows: 2017 2016 2015 Net sales United States . 6,357 $ 6,437 $ 6,400 Australia . 610 590 646 Other countries 923 934 1,036 Total. 7,890 $ 7,961 $ 8,082 2017 2016 2015 Long-lived assets United States. 1,987 S 1,967 $ 1,942 Australia . 265 242 232 Other countries 202 198 173 Total. . 2,454 S 2,407 $ 2,347
The following table summarizes stock option activity as of July 30, 2017: Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life (In years) Aggregate Intrinsic Value Options (Options in thousands) Outstanding at July 31, 2016. 681 $ 50.21 Granted 489 $ 54.65 Exercised . (33) $ 50.21 Terminated. . (95) $ 52.49 Outstanding at July 30, 2017. 1,042 $ 52.08 8.6 $ Exercisable at July 30, 2017 194 $ 50.21 8.2 $ 1 The total intrinsic value of options exercised during 2017 was not material. During 2016 and 2015, the total intrinsic value of options exercised was $2 and $5, respectively. We measure the fair value of stock options using the Black-Scholes option pricing model. The expected term of options granted was based on the weighted average time of vesting and the end of the contractual term. We utilized this simplified method as we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term.
Transcribed Image Text:The following table summarizes stock option activity as of July 30, 2017: Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life (In years) Aggregate Intrinsic Value Options (Options in thousands) Outstanding at July 31, 2016. 681 $ 50.21 Granted 489 $ 54.65 Exercised . (33) $ 50.21 Terminated. . (95) $ 52.49 Outstanding at July 30, 2017. 1,042 $ 52.08 8.6 $ Exercisable at July 30, 2017 194 $ 50.21 8.2 $ 1 The total intrinsic value of options exercised during 2017 was not material. During 2016 and 2015, the total intrinsic value of options exercised was $2 and $5, respectively. We measure the fair value of stock options using the Black-Scholes option pricing model. The expected term of options granted was based on the weighted average time of vesting and the end of the contractual term. We utilized this simplified method as we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term.
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