STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Feb. 01, 2020

STOCK-BASED COMPENSATION

Summary of changes in stock options outstanding

	Shares	Weighted-
	subject	average
	to option	exercise
	(in millions)	price
Outstanding, year-end 2016	34.3	$	21.32
Granted	7.0	$	23.00
Exercised	(3.8)	$	14.08
Canceled or Expired	(0.8)	$	28.29
Outstanding, year-end 2017	36.7	$	22.23
Granted	2.7	$	27.88
Exercised	(4.4)	$	15.34
Canceled or Expired	(0.9)	$	28.05
Outstanding, year-end 2018	34.1	$	23.42
Granted	3.1	$	24.63
Exercised	(4.0)	$	14.17
Canceled or Expired	(1.0)	$	28.87
Outstanding, year-end 2019	32.2	$	24.52

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	32.2	5.35	$	24.52	153
Options Exercisable	22.5	4.24	$	23.50	134
Options Expected to Vest	9.5	7.90	$	26.89	19

Summary of changes in restricted stock outstanding

	Restricted
	shares	Weighted-average
	outstanding	grant-date
	(in millions)	fair value
Outstanding, year-end 2016	7.4	$	32.09
Granted	5.8	$	23.04
Lapsed	(3.6)	$	31.05
Canceled or Expired	(0.4)	$	29.26
Outstanding, year-end 2017	9.2	$	26.78
Granted	4.6	$	27.99
Lapsed	(4.4)	$	25.93
Canceled or Expired	(0.6)	$	26.57
Outstanding, year-end 2018	8.8	$	27.86
Granted	5.4	$	22.72
Lapsed	(4.1)	$	28.07
Canceled or Expired	(0.8)	$	25.68
Outstanding, year-end 2019	9.3	$	24.85

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

	2019		2018		2017
Weighted average expected volatility	25.37	%	24.50	%	22.78	%
Weighted average risk-free interest rate	2.54	%	2.82	%	2.21	%
Expected dividend yield	2.00	%	2.00	%	2.20	%
Expected term (based on historical results)	7.2	years	7.2	years	7.2	years