Share-based Compensation (Tables)

12 Months Ended

Feb. 01, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stock Option Activity

The following table provides the Company’s stock option activity for the fiscal year ended February 1, 2020:

	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 2, 2019	5,292		$	53.14
Granted	519		27.67
Exercised	(136	)	7.44
Cancelled	(395	)	52.22
Outstanding as of February 1, 2020	5,280		$	51.87	6.03	$	318
Vested and Expected to Vest as of February 1, 2020 (a)	5,190		52.29		5.99	318
Options Exercisable as of February 1, 2020	3,372		57.07		4.93	318

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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 2019, 2018 and 2017:

	2019		2018		2017
Expected Volatility	40	%	36	%	28	%
Risk-free Interest Rate	2.2	%	2.5	%	1.5	%
Dividend Yield	4.4	%	5.8	%	5.1	%
Expected Life (in years)	3.2		2.9		3.0

Restricted Stock Activity

The following table provides the Company’s restricted stock activity for the fiscal year ended February 1, 2020:

	Number of Shares		Weighted Average Grant Date Fair Value
	(in thousands)
Unvested as of February 2, 2019	6,689		$	45.29
Granted	4,161		23.34
Vested	(1,570	)	66.44
Cancelled	(618	)	30.75
Unvested as of February 1, 2020	8,662		$	32.00

Share-Based Compensation Expense

The following table provides share-based compensation expense included in the Consolidated Statements of Income (Loss) for 2019, 2018 and 2017:

	2019		2018		2017
	(in millions)
Costs of Goods Sold, Buying and Occupancy	$	29	$	29	$	32
General, Administrative and Store Operating Expenses	58		68		70
Total Share-based Compensation Expense	$	87	$	97	$	102