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Share-Based Compensation (Tables)
3 Months Ended
Apr. 30, 2016
Share-Based Compensation [Abstract]  
Total Compensation Expense and the Related Tax Benefits Recognized



 

 

 

 

 



 

 

 

 

 



Thirteen weeks ended



April 30,

 

May 2,



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 

$

 

$



 

 

 

 

 

Tax benefit recognized

$

 

$

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

$

 

$

14 



Assumptions used to Compute Share-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Stock Option Plans

 

 

Stock Purchase Plan

 



 

April 30,

 

 

May 2,

 

 

April 30,

 

 

May 2,

 



 

2016

 

 

2015

 

 

2016

 

 

2015

 

Weighted-average risk free rate of interest

 

1.4 

%

 

1.5 

%

 

0.3 

%

 

0.1 

%

Expected volatility

 

30 

%

 

30 

%

 

25 

%

 

23 

%

Weighted-average expected award life (in years)

 

5.7 

 

 

6.0 

 

 

1.0 

 

 

1.0 

 

Dividend yield

 

1.7 

%

 

1.6 

%

 

1.6 

%

 

1.8 

%

Weighted-average fair value

$

15.78 

 

$

16.01 

 

$

11.12 

 

$

8.03 

 



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

 

 

465 

 

 

 

 

 

63.79 

Exercised

 

 

(324)

 

 

 

 

 

22.16 

Expired or cancelled

 

 

(18)

 

 

 

 

 

52.96 

Options outstanding at April 30, 2016

 

 

3,817 

 

 

5.9 

 

$

37.21 

Options exercisable at April 30, 2016

 

 

2,713 

 

 

4.6 

 

$

27.86 

Options vested and expected to vest at April 30, 2016

 

 

3,767 

 

 

5.9 

 

$

36.89 

Options available for future grant at April 30, 2016

 

 

12,050 

 

 

 

 

 

 



Total Intrinsic Value of Options Exercised



 

 

 

 

 



 

 

 

 

 



Thirteen weeks ended



April 30,

 

May 2,



2016

 

2015



($ in millions)

Exercised

$

14 

 

$

36 



Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable



 

 

 

 

 



 

 

 

 

 



Thirteen weeks ended



April 30,

 

May 2,



2016

 

2015



($ in millions)

Outstanding

$

94 

 

$

153 

Outstanding and exercisable

$

91 

 

$

137 

Vested and expected to vest

$

94 

 

$

153 



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

 

746 

 

2.4 

 

$

12.95 

 

746 

 

$

12.95 

$18.80 to $30.92

 

996 

 

3.7 

 

 

22.73 

 

996 

 

 

22.73 

$34.12 to $56.35

 

954 

 

7.1 

 

 

41.08 

 

745 

 

 

39.26 

$62.02 to $73.21

 

1,121 

 

9.2 

 

 

62.92 

 

226 

 

 

62.11 



 

3,817 

 

5.9 

 

$

37.21 

 

2,713 

 

$

27.86 



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

 

339 

 

 

 

 

64.24 

Vested

 

(193)

 

 

 

 

35.36 

Expired or cancelled

 

(122)

 

 

 

 

38.87 

Nonvested at April 30, 2016

 

827 

 

1.7 

 

$

56.23 

Aggregate value ($ in millions)

 $

47