Share-based Compensation (Tables)

12 Months Ended

Jan. 28, 2012

Share-based Compensation [Abstract]

Stock Option Activity

The following table provides the Company’s stock option activity for the fiscal year ended January 28, 2012:

	Number of Shares		Weighted Average Option Price Per Share		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(in thousands)				(in years)	(in thousands)
Outstanding as of January 29, 2011	12,450		$	16.01
Granted	1,597		31.71
Exercised	(4,999	)	15.13
Cancelled	(612	)	19.93
Adjustment for Special Dividends	947
Outstanding as of January 28, 2012	9,383		$	17.26	5.74	$	227,033
Vested and Expected to Vest as of January 28, 2012 (a)	9,119		16.97		5.65	223,369
Options Exercisable as of January 28, 2012	5,198		15.03		3.86	137,413

 ________________

(a) The number of options expected to vest includes an estimate of expected forfeitures.

Weighted-Average Assumptions

The following table contains the weighted-average assumptions used during 2011, 2010 and 2009:

	2011		2010		2009
Expected Volatility	48	%	49	%	45	%
Risk-free Interest Rate	1.9	%	2.3	%	1.4	%
Dividend Yield	4.1	%	3.3	%	6.8	%
Expected Life (in years)	5.0		4.5		3.8

Restricted Stock Activity

The following table provides the Company’s restricted stock activity for the fiscal year ended January 28, 2012:

	Number of Shares		Weighted Average Grant Date Fair Value
	(in thousands)
Unvested as of January 29, 2011	10,442		$	11.86
Granted	2,508		29.34
Vested	(2,604	)	12.42
Cancelled	(718	)	17.33
Adjustment for Special Dividends	804		NA
Unvested as of January 28, 2012	10,432		14.68

 ________________

NA Not applicable

Share-Based Compensation Expense

The following table provides share-based compensation expense included in the Consolidated Statements of Income for 2011, 2010 and 2009:

	2011		2010		2009
	(in millions)
Costs of Goods Sold, Buying and Occupancy	$	14	$	17	$	12
General, Administrative and Store Operating Expenses	37		47		28
Total Share-based Compensation Expense	$	51	$	64	$	40