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Stock-Based Compensation (Tables)
 9 Months Ended
Aug. 02, 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 nine-month periods ended August 2, 2014 and August 3, 2013 are as follows:
  
Three Months Ended
 
Nine Months Ended
Stock Options
August 2, 2014
 
August 3, 2013
 
August 2, 2014
 
August 3, 2013
Options granted (in thousands)
27

 
103

 
2,137

 
2,389

Weighted-average exercise price

$52.60

 

$45.97

 

$51.73

 

$46.39

Weighted-average grant-date fair value

$8.86

 

$7.85

 

$8.98

 

$7.37

Assumptions:
 
 
 
 
 
 
 
Weighted-average expected volatility
24.0
%
 
25.8
%
 
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
%
 
1.2
%
 
1.7
%
 
1.0
%
Weighted-average expected dividend yield
2.8
%
 
3.0
%
 
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 nine-month period ended August 2, 2014 using the Monte Carlo simulation model are as follows:
  
Nine Months Ended
Market-based Restricted Stock Units
August 2, 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-month period ended August 2, 2014 or the three- and nine-month periods ended August 3, 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 August 2, 2014 and changes during the three- and nine-month periods then ended is presented below:
Activity during the Three Months Ended August 2, 2014
Options
Outstanding
(in thousands)
 
Weighted-
Average Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term in Years
 
Aggregate
Intrinsic
Value
Options outstanding at May 3, 2014
16,324

 

$36.42

 
 
 
 
Options granted
27

 

$52.60

 
 
 
 
Options exercised
(1,157
)
 

$31.15

 
 
 
 
Options forfeited
(41
)
 

$44.38

 
 
 
 
Options expired
(7
)
 

$46.27

 
 
 
 
Options outstanding at August 2, 2014
15,146

 

$36.82

 
5.9
 

$203,415

Options exercisable at August 2, 2014
8,927

 

$31.11

 
4.1
 

$168,707

Options vested or expected to vest at August 2, 2014 (1)
14,637

 

$36.47

 
5.8
 

$201,403


 
(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 Nine Months Ended August 2, 2014
Options
Outstanding
(in thousands)
 
Weighted-
Average Exercise
Price Per Share
Options outstanding November 2, 2013
18,992

 

$33.56

Options granted
2,137

 

$51.73

Options exercised
(5,702
)
 

$31.31

Options forfeited
(249
)
 

$41.46

Options expired
(32
)
 

$45.48

Options outstanding at August 2, 2014
15,146

 

$36.82
Summary of the Company's restricted stock unit award activity
A summary of the Company’s restricted stock unit award activity as of August 2, 2014 and changes during the three- and nine-month periods then ended is presented below: 
Activity during the Three Months Ended August 2, 2014
Restricted
Stock Units
Outstanding
(in thousands)
 
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units outstanding at May 3, 2014
2,449

 

$41.95

Units granted
730

 

$48.25

Restrictions lapsed
(26
)
 

$33.98

Forfeited
(18
)
 

$40.92

Restricted stock units outstanding at August 2, 2014
3,135

 

$43.48

 
 
 
 
Activity during the Nine Months Ended August 2, 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
1,568

 

$47.98

Restrictions lapsed
(844
)
 

$34.93

Forfeited
(82
)
 

$39.18

Restricted stock units outstanding at August 2, 2014
3,135

 

$43.48
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 nine-month period ended August 2, 2014 using the Monte Carlo simulation model are as follows:
  
Nine Months Ended
Market-based Restricted Stock Units
August 2, 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-month period ended August 2, 2014 or the three- and nine-month periods ended August 3, 2013.