STOCK OPTION PLANS (Tables)

12 Months Ended

Jan. 28, 2017

STOCK OPTION PLANS

Summary of changes in stock options outstanding

	Shares	Weighted-
	subject	average
	to option	exercise
	(in millions)	price
Outstanding, year-end 2013	43.3	$	12.83
Granted	8.4	$	24.71
Exercised	(10.3)	$	11.56
Canceled or Expired	(0.6)	$	15.56
Outstanding, year-end 2014	40.8	$	15.56
Granted	3.4	$	38.40
Exercised	(8.9)	$	13.54
Canceled or Expired	(0.4)	$	19.98
Outstanding, year-end 2015	34.9	$	18.26
Granted	4.8	$	37.10
Exercised	(4.9)	$	14.20
Canceled or Expired	(0.5)	$	28.35
Outstanding, year-end 2016	34.3	$	21.32

Summary of options outstanding, exercisable and expected to vest

		Weighted-average			Aggregate
		remaining	Weighted-average		intrinsic
	Number of shares	contractual life	exercise price		value
	(in millions)	(in years)			(in millions)
Options Outstanding	34.3	6.04	$	21.32	447
Options Exercisable	21.7	4.84	$	16.00	381
Options Expected to Vest	12.3	8.09	$	30.45	65

Summary of changes in restricted stock outstanding

	Restricted
	shares	Weighted-average
	outstanding	grant-date
	(in millions)	fair value
Outstanding, year-end 2013	9.6	$	16.16
Granted	6.1	$	24.76
Lapsed	(5.2)	$	16.52
Canceled or Expired	(0.3)	$	18.67
Outstanding, year-end 2014	10.2	$	21.04
Granted	3.2	$	38.34
Lapsed	(5.4)	$	21.49
Canceled or Expired	(0.4)	$	22.80
Outstanding, year-end 2015	7.6	$	28.01
Granted	3.6	$	37.03
Lapsed	(3.5)	$	28.52
Canceled or Expired	(0.3)	$	30.70
Outstanding, year-end 2016	7.4	$	32.09

Summary of weighted-average assumptions used for grants awarded to option holders

	2016		2015		2014
Weighted average expected volatility	21.40	%	24.07	%	25.29	%
Weighted average risk-free interest rate	1.29	%	2.12	%	2.06	%
Expected dividend yield	1.40	%	1.20	%	1.51	%
Expected term (based on historical results)	7.2	years	7.2	years	6.6	years