Stock-Based Compensation (Tables)

3 Months Ended

Feb. 02, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Information pertaining to the Company's stock option awards and the related estimated weighted-average assumptions used to calculate the fair value of stock options granted

Information pertaining to the Company’s stock option awards and the related estimated weighted-average assumptions to calculate the fair value of stock options granted during the three-month periods ended February 2, 2013 and February 4, 2012 are as follows:

	Three Months Ended
Stock Options	February 2, 2013			February 4, 2012
Options granted (in thousands)	20			49
Weighted-average exercise price		$39.98			$36.99
Weighted-average grant-date fair value		$5.87			$8.46
Assumptions:
Weighted-average expected volatility	24.1		%	33.3		%
Weighted-average expected term (in years)	5.3			5.3
Weighted-average risk-free interest rate	0.7		%	0.8		%
Weighted-average expected dividend yield	3.0		%	2.7		%

Summary of the activity under the Company s stock option plans:

A summary of the activity under the Company’s stock option plans as of February 2, 2013 and changes during the three-month period then ended is presented below:

Activity during the Three Months Ended February 2, 2013	Options Outstanding (in thousands)		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Options outstanding November 3, 2012	26,453			$31.73
Options granted	20			$39.98
Options exercised	(3,937	)		$28.90
Options forfeited	(102	)		$31.32
Options expired	(4	)		$32.88
Options outstanding at February 2, 2013	22,430			$32.24	4.6		$279,994
Options exercisable at February 2, 2013	17,198			$31.63	3.6		$225,390
Options vested or expected to vest at February 2, 2013 (1)	22,050			$32.16	4.6		$276,865

(1) In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. Options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.

Summary of the Company's restricted stock unit award activity

A summary of the Company’s restricted stock unit award activity as of February 2, 2013 and changes during the three-month period then ended is presented below:

Activity during the Three Months Ended February 2, 2013	Restricted Stock Units Outstanding (in thousands)		Weighted- Average Grant- Date Fair Value Per Share
Restricted stock units outstanding at November 3, 2012	3,060			$33.01
Units granted	13			$36.92
Restrictions lapsed	(1,050	)		$28.86
Forfeited	(28	)		$33.76
Restricted stock units outstanding at February 2, 2013	1,995			$35.22