Stock-Based Compensation (Tables)

3 Months Ended

Jan. 28, 2017

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-month periods ended January 28, 2017 and January 30, 2016 are as follows:

	Three Months Ended
Stock Options	January 28, 2017			January 30, 2016
Options granted (in thousands)	15			36
Weighted-average exercise price		$68.48			$54.88
Weighted-average grant-date fair value		$12.38			$12.16
Assumptions:
Weighted-average expected volatility	24.7%			31.3		%
Weighted-average expected term (in years)	5.1			5.3
Weighted-average risk-free interest rate	1.7		%	1.7		%
Weighted-average expected dividend yield	2.5		%	2.9		%

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 January 28, 2017 and changes during the three-month period then ended is presented below:

Activity during the Three Months Ended January 28, 2017	Options Outstanding (in thousands)		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Options outstanding at October 29, 2016	11,704			$44.43
Options granted	15			$68.48
Options exercised	(968	)		$35.72
Options forfeited	(41	)		$52.03
Options expired	(6	)		$33.19
Options outstanding at January 28, 2017	10,704			$45.22	6.0		$339,372
Options exercisable at January 28, 2017	5,661			$38.47	4.5		$217,735
Options vested or expected to vest at January 28, 2017 (1)	10,379			$44.93	6.0		$332,152

(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 January 28, 2017 and changes during the three-month period then ended is presented below:

Activity during the Three Months Ended January 28, 2017	Restricted Stock Units Outstanding (in thousands)		Weighted- Average Grant- Date Fair Value Per Share
Restricted stock units outstanding at October 29, 2016	2,690			$50.11
Units granted	5			$64.22
Restrictions lapsed	(108	)		$46.18
Forfeited	(17	)		$49.93
Restricted stock units outstanding at January 28, 2017	2,570			$50.31