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Share-Based Payments (Tables)
8 Months Ended
May 05, 2018
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 5, 2018, and May 6, 2017, using the Black-Scholes-Merton multiple-option pricing valuation model, was $129.12 and $139.80 per share, respectively, using the following weighted average key assumptions:

 

           Thirty-Six Weeks Ended      

 

     May 5,  
    2018      
     May 6,      
2017      
 

Expected price volatility

       20%          18%    

Risk-free interest rate

       1.9%          1.2%    

Weighted average expected lives (in years)

       5.1          5.1    

Forfeiture rate

       10%          10%    

Dividend yield

       0%          0%