Share-Based Compensation (Tables)

3 Months Ended

Apr. 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
	April 28,			April 30,			April 28,			April 30,
	2012			2011			2012			2011
Weighted-average risk free rate of interest		1.50	%		2.11	%		0.21	%		0.41	%
Expected volatility		43	%		45	%		35	%		38	%
Weighted-average expected award life		5.5 years			5.0 years			1.0 year			1.0 year
Dividend yield		2.3	%		3.5	%		2.7	%		4.1	%
Weighted-average fair value	$	10.14		$	5.76		$	4.90		$	2.96

Options Granted under Stock Option Plans

The information in the following table covers options granted under the Company’s stock option plans for the thirteen weeks ended April 28, 2012:

(in thousands, except price per share and weighted-average term)	Shares			Weighted- Average Term		Weighted- Average Exercise Price
Options outstanding at the beginning of the year		7,227				$	18.44
Granted		930					30.92
Exercised		(826	)				17.60
Expired or cancelled		(24	)				22.22
Options outstanding at April 28, 2012		7,307			6.33	$	20.11
Options exercisable at April 28, 2012		4,838			4.94	$	18.83
Options available for future grant at April 28, 2012		5,619

Intrinsic Value of Stock Options

	Thirteen weeks ended
	April 28,		April 30,
Intrinsic value of stock options (in millions)	2012		2011
Exercised	$	11	$	2
Outstanding	$	79	$	41
Outstanding and exercisable	$	58	$	27

Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at April 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 price per share and contractual life)
$	9.85	$	15.10		2,576		6.75	$	12.41		2,076	$	12.01
$	15.74	$	23.42		2,024		7.43	$	20.01		1,059	$	21.05
$	23.59	$	28.16		1,778		2.61	$	25.72		1,703	$	25.76
$	30.92	$	30.92		929		9.90	$	30.92		—	$	—
$	9.85	$	30.92		7,307		6.33	$	20.11		4,838	$	18.83

Changes in Nonvested Options

Changes in the Company’s nonvested options for the thirteen weeks ended April 28, 2012 are summarized as follows:

(in thousands, except price per share)	Number of Shares			Weighted- Average Grant Date Fair Value per Share
Nonvested at January 28, 2012		2,629		$	16.84
Granted		930			30.92
Vested		(1,066	)		15.64
Expired or cancelled		(24	)		22.22
Nonvested at April 28, 2012		2,469		$	22.61

Restricted Shares and Units Activity

Restricted shares and units activity for the thirteen weeks ended April 28, 2012 and April 30, 2011 is summarized as follows:

	Number of Shares and Units
(in thousands)	April 28, 2012			April 30, 2011
Outstanding at beginning of period		2,068			1,759
Granted		244			461
Vested		(460	)		(263	)
Cancelled or forfeited		—			—
Outstanding at end of period		1,852			1,957
Aggregate value (in millions)	$	33		$	26
Weighted-average remaining contractual life		1.44 years			1.74 years