Share-Based Compensation (Tables)

12 Months Ended

Jan. 28, 2012

Assumptions used to Compute Share-Based Compensation Expense

The following table shows the Company’s assumptions used to compute the share-based compensation expense:

	Stock Option Plans									Stock Purchase Plan
	2011			2010			2009			2011			2010			2009
Weighted-average risk free rate of interest		2.07	%		2.34	%		1.93	%		0.31	%		0.85	%		1.74	%
Expected volatility		45	%		45	%		53	%		37	%		39	%		39	%
Weighted-average expected award life- in years		5.0			5.0			4.6			1.0			1.0			1.0
Dividend yield		3.5	%		4.0	%		6.0	%		3.4	%		4.8	%		4.4	%
Weighted-average fair value	$	5.86		$	4.47		$	2.89		$	3.91		$	2.54		$	4.17

Options Granted under Stock Option Plans

The information set forth in the following table covers options granted under the Company’s stock option plans:

	2011					2010					2009
	Number of Shares			Weighted- Average Exercise Price		Number of Shares			Weighted- Average Exercise Price		Number of Shares			Weighted- Average Exercise Price
	(in thousands, except prices per share)
Options outstanding at beginning of year		7,220		$	17.17		7,002		$	16.88		6,080		$	18.64
Granted		1,612		$	19.13		1,311		$	15.10		1,521		$	10.02
Exercised		(1,454	)	$	13.02		(942	)	$	11.65		(181	)	$	8.76
Expired or cancelled		(151	)	$	17.38		(151	)	$	20.41		(418	)	$	21.03
Options outstanding at end of year		7,227		$	18.44		7,220		$	17.17		7,002		$	16.88
Options exercisable at end of year		4,598		$	19.35		5,088		$	18.81		5,084		$	18.85
Options available for future grant at end of year		7,155					10,339					2,214

Total Intrinsic Value of Options Exercised

The total intrinsic value of options exercised (the difference between the market price of the Company’s common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below:

	2011		2010		2009
	(in millions)
Exercised	$	15	$	5	$	—

Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable

The aggregate intrinsic value for stock options outstanding and for stock options exercisable (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below:

	2011		2010		2009
	(in millions)
Outstanding	$	59	$	23	$	2
Outstanding and Exercisable	$	33	$	13	$	1

Information about Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at January 28, 2012:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number Outstanding		Weighted- Average Remaining Contractual Life		Weighted- Average Exercise Price		Number Exercisable		Weighted- Average Exercise Price
	(in thousands, except prices per share and contractual life)
$ 9.85 to $15.10		2,840		6.92	$	12.38		1,732	$	11.55
$15.74 to $21.48		1,850		7.46	$	18.53		404	$	17.37
$21.80 to $25.39		1,893		3.48	$	24.28		1,818	$	24.26
$25.46 to $28.16		644		2.45	$	27.68		644	$	27.68
		7,227		5.76	$	18.44		4,598	$	19.35

Changes in Nonvested Options

Changes in the Company’s nonvested options at January 28, 2012 are summarized as follows:

	Number of Shares			Weighted- Average Grant Date Fair Value per share
	(in thousands, except prices per share)
Nonvested at January 29, 2011		2,132		$	13.23
Granted		1,612			19.13
Vested		(964	)		12.60
Expired or cancelled		(151	)		17.38
Nonvested at January 28, 2012		2,629		$	16.84

Restricted Share and Unit Activity

Restricted share and unit activity is summarized as follows:

	Number of Shares and Units
	2011			2010			2009
	(in thousands)
Outstanding at beginning of year		1,759			1,680			844
Granted		686			651			1,115
Vested		(327	)		(492	)		(279	)
Cancelled or forfeited		(50	)		(80	)		—
Outstanding at end of year		2,068			1,759			1,680
Aggregate value (in millions)	$	30		$	20		$	23
Weighted-average remaining contractual life		1.19 years			1.44 years			1.50 years