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Stock-based Compensation (Tables)
12 Months Ended
Jan. 30, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense, net of estimated forfeitures
The following table presents total stock-based compensation expense, net of estimated forfeitures, including expense related to our ESPPs, and related income tax benefit:
in millionsFiscalFiscalFiscal
202120202019
Pre-tax stock-based compensation expense$403 $310 $251 
Income tax benefit(86)(58)(49)
After-tax stock-based compensation expense$317 $252 $202 
Schedule of option valuation assumptions
The following table presents the per share weighted average fair value of stock options granted and the assumptions used in determining fair value at the date of grant using the Black-Scholes option-pricing model: 
 FiscalFiscalFiscal
 202120202019
Per share weighted average fair value$57.71 $36.77 $27.33 
Risk-free interest rate1.0 %0.6 %2.2 %
Assumed volatility26.5 %29.9 %19.8 %
Assumed dividend yield2.2 %3.1 %2.9 %
Assumed lives of options6 years6 years5 years
Intrinsic value of stock options exercised
The following table presents the total intrinsic value of stock options exercised:
in millionsFiscalFiscalFiscal
202120202019
Total intrinsic value of stock options exercised$237 $217 $241 
Summary of option activity by number of shares and weighted average exercise price
The following table presents a summary of stock option activity by number of shares and weighted average exercise price during fiscal 2021:
shares in thousandsNumber of
Shares
Weighted Average
Exercise Price
Outstanding at beginning of year4,350 $129.50 
Granted277 295.92 
Exercised(955)96.10 
Forfeited(31)202.23 
Outstanding at end of year3,641 150.30 
Summary of options outstanding and exercisable
The following table presents details regarding outstanding and exercisable stock options at January 30, 2022:
shares in thousands, dollars in millions, except for per share amountsNumber of
Shares
Intrinsic
Value
Weighted Average
Remaining Life
Weighted Average
Exercise Price
Outstanding3,641 $787 5.0 years$150.30 
Exercisable2,291 572 3.6 years116.78 
Summary of restricted stock, performance shares, and restricted stock unit activity
The following table presents a summary of restricted stock, performance shares, and restricted stock unit activity during fiscal 2021:
shares in thousandsNumber of
Shares
Weighted Average
Grant Date Fair Value
Nonvested at beginning of year4,098 $180.87 
Granted1,264 293.63 
Vested(1,380)176.00 
Forfeited(273)214.98 
Nonvested at end of year3,709 218.60 
Total fair value of restricted stock, performance shares, and restricted stock units that vested
The following table presents the total fair value of restricted stock, performance shares, and restricted stock units vested:
in millionsFiscalFiscalFiscal
202120202019
Total fair value vested$405 $271 $303 
Schedule of deferred shares granted
The following table presents deferred shares granted to non-employee directors:
FiscalFiscalFiscal
202120202019
Deferred shares granted to non-employee directors15,000 18,000 22,000