Stock-Based Compensation

6 Months Ended

Aug. 03, 2019

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stock-Based Compensation

NOTE 9: STOCK-BASED COMPENSATION

In May 2019, our shareholders approved the adoption of the 2019 Plan, which replaced the 2002 Plan and the 2010 Plan. The 2019 Plan authorizes the grant of stock options, PSU, RSUs, stock appreciation rights and both restricted and unrestricted shares of common stock to employees and nonemployee directors. The aggregate number of shares to be issued under the 2019 Plan may not exceed 9.5 plus any shares currently outstanding under the 2010 Plan. No future grants will be made under the 2002 Plan and the 2010 Plan.

The following table summarizes our stock-based compensation expense:

	Quarter Ended						Six Months Ended
	August 3, 2019			August 4, 2018			August 3, 2019			August 4, 2018
RSUs		$14			$22			$28			$40
Stock options	3			3			7			6
Other1	3			3			5			5
Total stock-based compensation expense, before income tax benefit	20			28			40			51
Income tax benefit	(5		)	(7		)	(10		)	(13		)
Total stock-based compensation expense, net of income tax benefit		$15			$21			$30			$38

¹ Other stock-based compensation expense includes PSUs, ESPP and nonemployee director stock awards.

The following table summarizes our grant allocations:

	Six Months Ended
	August 3, 2019			August 4, 2018
	Granted	Weighted-average grant-date fair value per unit		Granted	Weighted-average grant-date fair value per unit
RSUs	1.1		$41	2.1		$49
Stock options	1.0		$15	—	—
PSUs	0.3		$42	—	—

Under our deferred and stock-based compensation plan arrangements, the Company issued 0.3 and 1.4 shares of common stock during the quarter and six months ended August 3, 2019 and 1.2 and 2.3 shares during the quarter and six months ended August 4, 2018.