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Stock-Based Compensation (Tables)
 6 Months Ended
May 03, 2014
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 using the Black-Scholes valuation model granted during the three- and six-month periods ended May 3, 2014 and May 4, 2013 are as follows:
  
Three Months Ended
 
Six Months Ended
Stock Options
May 3, 2014
 
May 4, 2013
 
May 3, 2014
 
May 4, 2013
Options granted (in thousands)
2,094

 
2,266

 
2,110

 
2,286

Weighted-average exercise price

$51.74

 

$46.47

 

$51.72

 

$46.41

Weighted-average grant-date fair value

$9.00

 

$7.36

 

$8.99

 

$7.35

Assumptions:
 
 
 
 
 
 
 
Weighted-average expected volatility
24.9
%
 
24.6
%
 
24.9
%
 
24.6
%
Weighted-average expected term (in years)
5.3

 
5.4

 
5.3

 
5.4

Weighted-average risk-free interest rate
1.7
%
 
1.0
%
 
1.7
%
 
1.0
%
Weighted-average expected dividend yield
2.9
%
 
2.9
%
 
2.9
%
 
2.9
%

The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the performance conditions stipulated in the award grant and calculates the fair market value for the market-based restricted stock units granted. The Monte Carlo simulation model also uses stock price volatility and other variables to estimate the probability of satisfying the performance conditions, including the possibility that the market condition may not be satisfied, and the resulting fair value of the award. Information pertaining to the Company’s market-based restricted stock units and the related estimated assumptions used to calculate the fair value of market-based restricted stock units granted during the three- and six-month periods ended May 3, 2014 using the Monte Carlo simulation model are as follows:
  
Three and Six Months Ended
Market-based Restricted Stock Units
May 3, 2014
Units granted (in thousands)
86

Grant-date fair value

$50.79

Assumptions:
 
Historical stock price volatility
23.2
%
Risk-free interest rate
0.8
%
Expected dividend yield
2.8
%
Market-based restricted stock units were not granted during the three- and six-month periods ended May 4, 2013.
Ex
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 May 3, 2014 and changes during the three- and six-month periods then ended is presented below:
Activity during the Three Months Ended May 3, 2014
Options
Outstanding
(in thousands)
 
Weighted-
Average Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term in Years
 
Aggregate
Intrinsic
Value
Options outstanding February 1, 2014
16,362

 

$33.79

 
 
 
 
Options granted
2,094

 

$51.74

 
 
 
 
Options exercised
(2,038
)
 

$30.84

 
 
 
 
Options forfeited
(93
)
 

$41.02

 
 
 
 
Options expired
(1
)
 

$29.03

 
 
 
 
Options outstanding at May 3, 2014
16,324

 

$36.42

 
5.9
 

$245,430

Options exercisable at May 3, 2014
10,057

 

$31.09

 
4.2
 

$204,304

Options vested or expected to vest at May 3, 2014 (1)
15,750

 

$36.05

 
5.8
 

$242,568


 
(1)
In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. The number of options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.
 
 
 
 
Activity during the Six Months Ended May 3, 2014
Options
Outstanding
(in thousands)
 
Weighted-
Average Exercise
Price Per Share
Options outstanding November 2, 2013
18,992

 

$33.56

Options granted
2,110

 

$51.72

Options exercised
(4,545
)
 

$31.35

Options forfeited
(208
)
 

$40.89

Options expired
(25
)
 

$45.24

Options outstanding at May 3, 2014
16,324

 

$36.42
Summary of the Company's restricted stock unit award activity
A summary of the Company’s restricted stock unit award activity as of May 3, 2014 and changes during the three- and six-month periods then ended is presented below: 
Activity during the Three Months Ended May 3, 2014
Restricted
Stock Units
Outstanding
(in thousands)
 
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units outstanding at February 1, 2014
1,695

 

$39.00

Units granted
814

 

$47.78

Restrictions lapsed
(34
)
 

$37.20

Forfeited
(26
)
 

$38.98

Restricted stock units outstanding at May 3, 2014
2,449

 

$41.95

 
 
 
 
Activity during the Six Months Ended May 3, 2014
Restricted
Stock Units
Outstanding
(in thousands)
 
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units outstanding at November 2, 2013
2,493

 

$37.62

Units granted
838

 

$47.75

Restrictions lapsed
(818
)
 

$34.96

Forfeited
(64
)
 

$38.69

Restricted stock units outstanding at May 3, 2014
2,449

 

$41.95
Restricted Stock Units Estimated Values And Weighted Average Assumptions [Table Text Block] [Table Text Block]
The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the performance conditions stipulated in the award grant and calculates the fair market value for the market-based restricted stock units granted. The Monte Carlo simulation model also uses stock price volatility and other variables to estimate the probability of satisfying the performance conditions, including the possibility that the market condition may not be satisfied, and the resulting fair value of the award. Information pertaining to the Company’s market-based restricted stock units and the related estimated assumptions used to calculate the fair value of market-based restricted stock units granted during the three- and six-month periods ended May 3, 2014 using the Monte Carlo simulation model are as follows:
  
Three and Six Months Ended
Market-based Restricted Stock Units
May 3, 2014
Units granted (in thousands)
86

Grant-date fair value

$50.79

Assumptions:
 
Historical stock price volatility
23.2
%
Risk-free interest rate
0.8
%
Expected dividend yield
2.8
%
Market-based restricted stock units were not granted during the three- and six-month periods ended May 4, 2013.