XML 45 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation (Tables)
9 Months Ended
Oct. 29, 2016
Share-Based Compensation [Abstract]  
Total Compensation Expense and the Related Tax Benefits Recognized



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Thirteen weeks ended

 

Thirty-nine weeks ended



October 29,

 

October 31,

 

October 29,

 

October 31,



2016

 

2015

 

2016

 

2015



($ in millions)

Options and shares purchased under the employee stock purchase plan

$

 

$

 

$

 

$

Restricted stock and restricted stock units

 

 

 

 

 

 

 

Total share-based compensation expense 

$

 

$

 

$

17 

 

$

17 



 

 

 

 

 

 

 

 

 

 

 

Tax benefit recognized

$

 

$

 

$

 

$

Excess income tax benefit from settled equity-classified share-based awards reported as a cash flow from financing activities

 

 

 

 

 

 

$

16 

 

$

33 



Assumptions used to Compute Share-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Stock Option Plans

 

 

Stock Purchase Plan

 



 

October 29,

 

 

October 31,

 

 

October 29,

 

 

October 31,

 



 

2016

 

 

2015

 

 

2016

 

 

2015

 

Weighted-average risk free rate of interest

 

1.4 

%

 

1.5 

%

 

0.4 

%

 

0.2 

%

Expected volatility

 

30 

%

 

30 

%

 

27 

%

 

24 

%

Weighted-average expected award life (in years)

 

5.7 

 

 

6.0 

 

 

1.0 

 

 

1.0 

 

Dividend yield

 

1.7 

%

 

1.6 

%

 

1.7 

%

 

1.7 

%

Weighted-average fair value

$

15.71 

 

$

16.07 

 

$

14.04 

 

$

10.20 

 



Options Granted under Stock Option Plans



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

   

 

 

Weighted-

 

Weighted-



 

 

Number

 

Average

 

Average



 

 

of

 

Remaining

 

Exercise



 

 

Shares

 

Contractual Life

 

Price



 

 

(in thousands)

 

(in years)

 

(per share)

Options outstanding at the beginning of the year

 

 

3,694 

 

 

 

 

$

32.62 

Granted

 

 

500 

 

 

 

 

 

63.60 

Exercised

 

 

(1,106)

 

 

 

 

 

21.44 

Expired or cancelled

 

 

(52)

 

 

 

 

 

59.38 

Options outstanding at October 29, 2016

 

 

3,036 

 

 

5.9 

 

$

41.34 

Options exercisable at October 29, 2016

 

 

1,990 

 

 

4.4 

 

$

31.24 

Options vested and expected to vest at October 29, 2016

 

 

3,002 

 

 

5.9 

 

$

41.11 

Options available for future grant at October 29, 2016

 

 

11,968 

 

 

 

 

 

 



Total Intrinsic Value of Options Exercised



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Thirteen weeks ended

 

Thirty-nine weeks ended



October 29,

 

October 31,

 

October 29,

 

October 31,



2016

 

2015

 

2016

 

2015



($ in millions)

Exercised

$

19 

 

$

31 

 

$

45 

 

$

96 



Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable



 

 

 

 

 



 

 

 

 

 



Thirty-nine weeks ended



October 29,

 

October 31,



2016

 

2015



($ in millions)

Outstanding

$

78 

 

$

133 

Outstanding and exercisable

$

71 

 

$

116 

Vested and expected to vest

$

78 

 

$

133 



Information about Stock Options Outstanding and Exercisable



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Options Outstanding

 

Options Exercisable



 

 

   

Weighted-

   

 

 

 

 

 

   

 



 

 

 

Average

 

 

Weighted-

 

 

 

 

Weighted-



 

 

 

Remaining

 

 

Average

 

 

 

 

Average



 

Number

 

Contractual

 

 

Exercise

 

Number

 

 

Exercise

Range of Exercise Prices

 

Outstanding

 

Life

 

 

Price

 

Exercisable

 

 

Price



 

(in thousands, except prices per share and contractual life)

$9.85 to $15.10

 

603 

 

1.9 

 

$

12.70 

 

603 

 

$

12.70 

$18.84 to $30.92

 

460 

 

4.3 

 

 

25.79 

 

460 

 

 

25.79 

$34.24 to $55.02

 

787 

 

5.9 

 

 

40.42 

 

645 

 

 

39.13 

$56.35 to $73.21

 

1,186 

 

8.5 

 

 

62.53 

 

282 

 

 

61.74 



 

3,036 

 

5.9 

 

$

41.34 

 

1,990 

 

$

31.24 



Restricted Share and Unit Activity



 

 

 

 

 

 

 



 

 

 

Weighted-

 

 

 



   

 

 

Average

 

 

 



 

Number

 

Remaining

 

Weighted-Average



 

of

 

Contractual

 

Grant Date



 

Shares

 

Life

 

Fair Value



 

(in thousands)

 

(in years)

 

 

(per share)

Nonvested at beginning of year

 

803 

 

 

 

$

45.19 

Granted

 

368 

 

 

 

 

63.80 

Vested

 

(219)

 

 

 

 

37.68 

Expired or cancelled

 

(125)

 

 

 

 

39.32 

Nonvested at October 29, 2016

 

827 

 

1.2 

 

$

56.34 

Aggregate value ($ in millions)

 $

47