STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Feb. 01, 2025

STOCK-BASED COMPENSATION

Summary of changes in stock options outstanding

	Shares	Weighted-
	subject	average
	to option	exercise
	(in millions)	price
Outstanding, year-end 2021	21.1	$	28.15
Granted	1.2	$	56.13
Exercised	(5.4)	$	26.02
Canceled or Forfeited	(0.3)	$	31.54
Outstanding, year-end 2022	16.6	$	30.81
Granted	1.3	$	47.23
Exercised	(2.4)	$	24.04
Canceled or Forfeited	(0.1)	$	39.45
Outstanding, year-end 2023	15.4	$	33.11
Granted	1.2	$	55.50
Exercised	(4.6)	$	29.75
Canceled or Forfeited	(0.4)	$	45.79
Outstanding, year-end 2024	11.6	$	36.25

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	11.6	4.86	$	36.25	$	294
Options Exercisable	8.8	3.84	$	31.76	$	262
Options Expected to Vest	2.7	8.02	$	50.14	$	31

Summary of changes in restricted stock outstanding

	Restricted
	shares	Weighted-average
	outstanding	grant-date
	(in millions)	fair value
Outstanding, year-end 2021	7.2	$	32.52
Granted	3.0	$	50.50
Lapsed	(4.0)	$	32.16
Canceled or Forfeited	(0.4)	$	38.32
Outstanding, year-end 2022	5.8	$	41.76
Granted	3.5	$	47.06
Lapsed	(3.1)	$	40.37
Canceled or Forfeited	(0.3)	$	45.32
Outstanding, year-end 2023	5.9	$	45.49
Granted	3.2	$	53.29
Lapsed	(3.2)	$	44.22
Canceled or Forfeited	(0.5)	$	48.76
Outstanding, year-end 2024	5.4	$	50.58

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

	2024		2023		2022
Weighted average expected volatility	30.63	%	31.14	%	30.47	%
Weighted average risk-free interest rate	4.20	%	4.09	%	2.09	%
Expected dividend yield	2.31	%	2.11	%	1.82	%
Expected term (based on historical results)	7.1	years	7.1	years	7.2	years