Share-based Compensation (Tables)

12 Months Ended

Feb. 02, 2019

Share-based Compensation [Abstract]

Stock Option Activity

The following table provides the Company’s stock option activity for the fiscal year ended February 2, 2019:

	Number of Shares		Weighted Average Option Price Per Share		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(in thousands)				(in years)	(in thousands)
Outstanding as of February 3, 2018	4,472		$	57.03
Granted	1,438		39.06
Exercised	(84	)	14.52
Cancelled	(534	)	53.72
Outstanding as of February 2, 2019	5,292		$	53.14	6.48	$	3,384
Vested and Expected to Vest as of February 2, 2019 (a)	5,124		53.44		6.40	3,384
Options Exercisable as of February 2, 2019	2,759		55.11		4.76	3,384

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(a) The number of options expected to vest includes an estimate of expected forfeitures.

Weighted-Average Assumptions

The following table contains the weighted-average assumptions used during 2018, 2017 and 2016:

	2018		2017		2016
Expected Volatility	36	%	28	%	25	%
Risk-free Interest Rate	2.5	%	1.5	%	1.1	%
Dividend Yield	5.8	%	5.1	%	3.3	%
Expected Life (in years)	2.9		3.0		4.1

Restricted Stock Activity

The following table provides the Company’s restricted stock activity for the fiscal year ended February 2, 2019:

	Number of Shares		Weighted Average Grant Date Fair Value
	(in thousands)
Unvested as of February 3, 2018	5,699		$	57.97
Granted	2,938		30.43
Vested	(1,255	)	68.38
Cancelled	(693	)	44.61
Unvested as of February 2, 2019	6,689		$	45.29

Share-Based Compensation Expense

The following table provides share-based compensation expense included in the Consolidated Statements of Income for 2018, 2017 and 2016:

	2018		2017		2016
	(in millions)
Costs of Goods Sold, Buying and Occupancy	$	29	$	32	$	31
General, Administrative and Store Operating Expenses	68		70		65
Total Share-based Compensation Expense	$	97	$	102	$	96