Share-Based Compensation (Tables)

3 Months Ended

May 03, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

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
	May 3,			May 4,			May 3,			May 4,
	2014			2013			2014			2013
Weighted-average risk free rate of interest		2.12	%		1.02	%		0.17	%		0.22	%
Expected volatility		39	%		42	%		25	%		40	%
Weighted-average expected award life		6.1 years			6.0 years			1.0 year			1.0 year
Dividend yield		2.0	%		2.3	%		2.3	%		2.4	%
Weighted-average fair value	$	14.91		$	10.98		$	5.79		$	6.66

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 May 3, 2014:

					Weighted-
			Weighted-		Average
(in thousands, except price per share and			Average		Exercise
weighted-average term)	Shares		Term		Price
Options outstanding at the beginning of the year		5,668			$	22.66
Granted		762				45.08
Exercised		(469)				21.27
Expired or cancelled		(7)				27.97
Options outstanding at May 3, 2014		5,954		6.96	$	25.63
Options exercisable at May 3, 2014		4,037		5.94	$	19.80
Options available for future grant at May 3, 2014		1,719

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:

	Thirteen weeks ended
	May 3,		May 4,
	2014		2013
Exercised	$	11	$	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:

	Thirteen weeks ended
	May 3,		May 4,
	2014		2013
Outstanding	$	128	$	86
Outstanding and exercisable	$	110	$	74

Information about Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at May 3, 2014:

	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		1,526		5.38	$	12.46		1,526	$	12.46
$18.01 to $23.92		1,546		5.69	$	19.93		1,542	$	19.93
$24.04 to $34.24		2,083		7.95	$	32.22		966	$	31.12
$34.27 to $45.08		799		9.86	$	44.62		3	$	35.27
		5,954		6.96	$	25.63		4,037	$	19.80

Changes in Nonvested Options

Changes in the Company’s nonvested options for the thirteen weeks ended May 3, 2014 are summarized as follows:

			Weighted-
			Average Grant
	Number of		Date Fair Value
(in thousands, except price per share)	Shares		per Share
Nonvested at the beginning of the year		2,173	$	30.10
Granted		762		45.08
Vested		(1,011)		26.60
Expired or cancelled		(7)		27.97
Nonvested at May 3, 2014		1,917	$	37.91

Restricted Shares and Units Activity

Restricted shares and units activity for the thirteen weeks ended May 3, 2014 and May 4, 2013 is summarized as follows:

	Number of Shares and Units
(in thousands)	May 3, 2014		May 4, 2013
Outstanding at beginning of period		1,369		1,564
Granted		298		326
Vested		(462)		(460)
Cancelled or forfeited		(28)		(12)
Outstanding at end of period		1,177		1,418
Aggregate value (in millions)	$	42	$	35
Weighted-average remaining contractual life		1.54 years		1.34 years