Stock-Based Compensation and Shareholders' Equity (Tables)

12 Months Ended

Nov. 01, 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 is as follows:

Stock Options	2014			2013			2012
Options granted (in thousands)	2,240			2,407			2,456
Weighted-average exercise price		$51.52			$46.40			$39.58
Weighted-average grant-date fair value		$8.74			$7.38			$7.37
Assumptions:
Weighted-average expected volatility	24.9		%	24.6		%	28.4		%
Weighted-average expected term (in years)	5.3			5.4			5.3
Weighted-average risk-free interest rate	1.7		%	1.0		%	1.1		%
Weighted-average expected dividend yield	2.9		%	2.9		%	3.0		%

As it relates to our market-based restricted stock units, the Company utilizes the Monte Carlo simulation valuation model to value these awards. 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 using the Monte Carlo simulation model is as follows:

Market-based Restricted Stock Units	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		%

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 November 1, 2014 and changes during the fiscal year then ended is presented below:

	Options Outstanding (in thousands)		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Options outstanding November 2, 2013	18,992			$33.56
Options granted	2,240			$51.52
Options exercised	(6,456	)		$30.99
Options forfeited	(550	)		$42.62
Options expired	(42	)		$42.10
Options outstanding at November 1, 2014	14,184			$37.20	5.8		$180,554
Options exercisable at November 1, 2014	8,214			$31.39	4.1		$149,773
Options vested or expected to vest at November 1, 2014 (1)	13,758			$36.89	5.7		$179,084

(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.

Summary of the company's restricted stock unit award activity

A summary of the Company’s restricted stock unit award activity as of November 1, 2014 and changes during the fiscal year then ended is presented below:

	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	1,876			$47.38
Restrictions lapsed	(920	)		$36.02
Forfeited	(261	)		$42.10
Restricted stock units outstanding at November 1, 2014	3,188			$43.46