Stock-Based Compensation (Tables)

12 Months Ended

Feb. 03, 2018

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary Of Stock-Based Compensation Expense

The following table summarizes our stock-based compensation expense:

Fiscal year	2017			2016			2015
Stock options		$18			$36			$33
Restricted stock units	51			34			18
Acquisition-related stock compensation	1			15			17
Performance share units	2			1			(3		)
Other	5			5			5
Total stock-based compensation expense, before income tax benefit	77			91			70
Income tax benefit	(20		)	(28		)	(21		)
Total stock-based compensation expense, net of income tax benefit		$57			$63			$49

Stock-Based Compensation Expense Before Income Tax Benefit

The stock-based compensation expense before income tax benefit was recorded in our Consolidated Statements of Earnings as follows:

Fiscal year	2017		2016		2015
Cost of sales and related buying and occupancy costs		$25		$25		$20
Selling, general and administrative expenses	52		66		50
Total stock-based compensation expense, before income tax benefit		$77		$91		$70

Assumptions To Estimate The Fair Value For Stock Options At Grant Date

We used the following assumptions to estimate the fair value for stock options at each grant date (excluding options granted in connection with the Trunk Club acquisition):

Fiscal Year		2017			2016			2015
Assumptions
	Risk-free interest rate: Represents the yield on U.S. Treasury zero-coupon securities that mature over the 10-year life of the stock options.	1.0% – 2.5%			0.7% – 1.9%			0.2% – 2.1%
	Weighted-average volatility: Based on a combination of the historical volatility of our common stock and the implied volatility of exchange-traded options for our common stock.	40.1		%	36.8		%	29.4		%
	Weighted-average expected dividend yield: Our forecasted dividend yield for the next 10 years.	2.4		%	2.2		%	1.8		%
	Expected life in years: Represents the estimated period of time until option exercise. The expected term of options granted was derived from the output of the Binomial Lattice option valuation model and was based on our historical exercise behavior, taking into consideration the contractual term of the option and our employees’ expected exercise and post-vesting employment termination behavior.	7.1			6.9			6.7
Grant Date Information
	Date of grant	February 28, 2017			February 29, 2016			February 24, 2015
	Weighted-average fair value per option		$16			$16			$21
	Exercise price per option		$47			$51			$81

Summary Of Stock Option Activity

A summary of stock option activity for 2017, which includes awards issued as part of the Trunk Club acquisition in 2014, is presented below:

Fiscal year	2017
	Shares		Weighted- average exercise price		Weighted-average remaining  contractual life (years)		Aggregate  intrinsic  value
Outstanding, beginning of year	13.5			$48
Granted	0.3		47
Exercised	(0.7	)	30
Forfeited or cancelled	(0.8	)	54
Outstanding, end of year	12.3			$49	5			$52
Exercisable, end of year	9.1			$47	4			$49
Vested or expected to vest, end of year	11.8			$49	5			$52
Fiscal year			2017		2016		2015
Aggregate intrinsic value of options exercised				$13		$30		$62
Fair value of stock options vested				$34		$40		$44

Summary Of Restricted Stock Unit Activity

A summary of restricted stock unit activity for 2017 is presented below:

Fiscal year	2017
	Shares		Weighted-average grant date fair value per unit
Outstanding, beginning of year	2.3			$49
Granted	1.9		42
Vested	(0.5	)	56
Forfeited or cancelled	(0.4	)	63
Outstanding, end of year	3.3			$45

Summary Of Performance Share Unit Activity

The following is a summary of performance share unit activity, which assumes performance share units vest at 100% of the number of units granted:

Fiscal year	2017
Outstanding units, beginning of year	0.2
Granted	0.1
Vested	—
Forfeited or cancelled	(0.1	)
Outstanding units, end of year	0.2