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Share-Based Payments (Tables)
8 Months Ended
May 07, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted Average for Key Assumptions Used in Determining Fair Value of Options Granted and Related Share-Based Compensation Expense
The weighted average fair value of the stock option awards granted during the thirty-six week periods ended May 7, 2016, and May 9, 2015, using the Black-Scholes-Merton multiple-option pricing valuation model, was $156.20 and $106.26 per share, respectively, using the following weighted average key assumptions:

 

     Thirty-Six Weeks Ended  
     May 7,
2016
    May 9,
2015
 

Expected price volatility

     18     20

Risk-free interest rate

     1.5     1.4

Weighted average expected lives (in years)

     5.7        5.1   

Forfeiture rate

     10     9

Dividend yield

     0     0