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Accounting for Share-Based Payments (Tables)
 12 Months Ended
Feb. 01, 2019
Accounting for Share-Based Payments  
Schedule of Option Pricing Assumptions
The weighted average assumptions used in the Black-Scholes option-pricing model and weighted-average grant date fair value for options granted in 2018, 2017, and 2016 are as follows:
 
2018

 
2017

 
2016

Weighted-average assumptions used:
 
 
 
 
 
Expected volatility
23.3
%
 
23.6
%
 
24.0
%
Dividend yield
1.71
%
 
1.68
%
 
1.66
%
Risk-free interest rate
2.71
%
 
2.14
%
 
1.42
%
Expected term, in years
6.58

 
6.43

 
6.44

 
 
 
 
 
 
Weighted-average grant date fair value
$
21.12

 
$
18.30

 
$
15.00
Schedule of Stock Option Activity
Transactions related to stock options for the fiscal year ended February 1, 2019 are summarized as follows:
 
Shares
(In thousands)

 
Weighted-Average Exercise Price Per Share

 
Weighted-Average Remaining Term (In years)
 
Aggregate Intrinsic Value (In thousands)

Outstanding at February 2, 2018
2,815

 
$
60.84

 
 
 
 
Granted
1,021

 
90.75

 
 
 
 
Canceled, forfeited or expired
(385
)
 
79.63

 
 
 
 
Exercised
(760
)
 
55.95

 
 
 
 
Outstanding at February 1, 2019
2,691

 
$
70.87

 
7.10
 
$
72,613

Vested and expected to vest at February 1, 2019 1
2,610

 
$
70.18

 
7.04
 
$
72,067

Exercisable at February 1, 2019
1,719

 
$
60.49

 
6.03
 
$
62,943

1 
Includes outstanding vested options as well as outstanding nonvested options after a forfeiture rate is applied.
Schedule of Restricted Stock Awards Activity
Transactions related to restricted stock awards for the fiscal year ended February 1, 2019 are summarized as follows:
 
Shares
(In thousands)

 
Weighted-Average Grant-Date Fair Value Per Share

Nonvested at February 2, 2018
1,896

 
$
73.21

Granted
1,021

 
86.99

Vested
(772
)
 
70.93

Canceled or forfeited
(355
)
 
77.73

Nonvested at February 1, 2019
1,790

 
$
81.16
Schedule of Performance Share Units Pricing Assumptions
The weighted-average assumptions used in the Monte Carlo simulations for these awards granted in 2018 and 2017 are as follows:
 
2018

 
2017

Weighted-average assumptions used:
 
 
 
Expected volatility
22.8
%
 
20.8
%
Dividend yield
1.77
%
 
1.62
%
Risk-free interest rate
2.36
%
 
1.46
%
Expected term, in years
2.81

 
2.83
Schedule of Performance Share Units Activity
Transactions related to performance share units classified as equity awards for the fiscal year ended February 1, 2019 are summarized as follows:
 
Units
(In thousands)1

 
Weighted-Average Grant-Date Fair Value Per Unit

Nonvested at February 2, 2018
698

 
$
81.31

Granted
320

 
82.22

Vested
(144
)
 
71.22

Canceled or forfeited
(261
)
 
82.09

Nonvested at February 1, 2019
613

 
$
83.83


¹
The number of units presented is based on achieving the targeted performance goals as defined in the performance share unit agreements. As of February 1, 2019, the maximum number of nonvested units that could vest under the provisions of the agreements was 1.2 million for the RONCAA awards.
Schedule of Restricted Stock Unit Activity
Transactions related to restricted stock units for the fiscal year ended February 1, 2019 are summarized as follows:

Shares
(In thousands)

 
Weighted-Average Grant-Date Fair Value Per Share

Nonvested at February 2, 2018
277

 
$
69.21

Granted
182

 
80.32

Vested
(63
)
 
66.62

Canceled or forfeited
(67
)
 
73.65

Nonvested at February 1, 2019
329

 
$
74.95