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Stock-Based Compensation (Tables)
 9 Months Ended
Aug. 01, 2015
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 1, 2015 and August 2, 2014 are as follows:
  
Three Months Ended
 
Nine Months Ended
Stock Options
August 1, 2015
 
August 2, 2014
 
August 1, 2015
 
August 2, 2014
Options granted (in thousands)
23

 
27

 
1,931

 
2,137

Weighted-average exercise price

$63.39

 

$52.60

 

$57.18

 

$51.73

Weighted-average grant-date fair value

$11.52

 

$8.86

 

$10.35

 

$8.98

Assumptions:
 
 
 
 
 
 
 
Weighted-average expected volatility
25.0%

 
24.0
%
 
25.8
%
 
24.9
%
Weighted-average expected term (in years)
5.3

 
5.3

 
5.3

 
5.3

Weighted-average risk-free interest rate
1.6
%
 
1.7
%
 
1.6
%
 
1.7
%
Weighted-average expected dividend yield
2.5
%
 
2.8
%
 
2.8
%
 
2.9
%
The Company utilizes the Monte Carlo simulation valuation model to value market-based restricted stock units. 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 the market-based restricted stock units granted during the nine-month periods ended August 1, 2015 and August 2, 2014 using the Monte Carlo simulation model is as follows:
 
Nine Months Ended
 
Nine Months Ended
Market-based Restricted Stock Units
August 1, 2015
 
August 2, 2014
Units granted (in thousands)
75

 
86

Grant-date fair value

$55.67

 

$50.79

Assumptions:
 
 
 
Historical stock price volatility
20.0
%
 
23.2
%
Risk-free interest rate
1.1
%
 
0.8
%
Expected dividend yield
2.8
%
 
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 August 1, 2015 and changes during the three- and nine-month periods then ended is presented below:
Activity during the Three Months Ended August 1, 2015
Options
Outstanding
(in thousands)
 
Weighted-
Average Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term in Years
 
Aggregate
Intrinsic
Value
Options outstanding at May 2, 2015
13,077

 

$41.04

 
 
 
 
Options granted
23

 

$63.39

 
 
 
 
Options exercised
(603
)
 

$33.21

 
 
 
 
Options forfeited
(63
)
 

$47.73

 
 
 
 
Options expired
(3
)
 

$36.88

 
 
 
 
Options outstanding at August 1, 2015
12,431

 

$41.42

 
6.3
 

$210,331

Options exercisable at August 1, 2015
6,631

 

$34.02

 
4.5
 

$161,235

Options vested or expected to vest at August 1, 2015 (1)
11,931

 

$40.99

 
6.2
 

$207,067


 
(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 1, 2015
Options
Outstanding
(in thousands)
 
Weighted-
Average Exercise
Price Per Share
Options outstanding at November 1, 2014
14,184

 

$37.20

Options granted
1,931

 

$57.18

Options exercised
(3,517
)
 

$32.86

Options forfeited
(142
)
 

$46.37

Options expired
(25
)
 

$36.56

Options outstanding at August 1, 2015
12,431

 

$41.42
Summary of the Company's restricted stock unit award activity
A summary of the Company’s restricted stock unit award activity as of August 1, 2015 and changes during the three- and nine-month periods then ended is presented below: 
Activity during the Three Months Ended August 1, 2015
Restricted
Stock Units
Outstanding
(in thousands)
 
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units outstanding at May 2, 2015
2,870

 

$47.17

Units granted
20

 

$59.93

Restrictions lapsed
(39
)
 

$41.75

Forfeited
(34
)
 

$47.41

Restricted stock units outstanding at August 1, 2015
2,817

 

$47.33


Activity during the Nine Months Ended August 1, 2015
Restricted
Stock Units
Outstanding
(in thousands)
 
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units outstanding at November 1, 2014
3,188

 

$43.46

Units granted
796

 

$52.11

Restrictions lapsed
(1,045
)
 

$39.37

Forfeited
(122
)
 

$45.76

Restricted stock units outstanding at August 1, 2015
2,817

 

$47.33