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Stock-Based Compensation (Tables)
 12 Months Ended
Feb. 01, 2020
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
2019

 
2018

 
2017

RSUs

$49

 

$71

 

$51

Stock options
11

 
12

 
18

Other1 
9

 
7

 
8

Total stock-based compensation expense, before income tax benefit
69

 
90

 
77

Income tax benefit
(18
)
 
(23
)
 
(20
)
Total stock-based compensation expense, net of income tax benefit

$51

 

$67

 

$57

1 Other stock-based compensation expense includes PSUs, ESPP and nonemployee director stock awards.
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
2019

 
2018

 
2017

Cost of sales and related buying and occupancy costs

$20

 

$28

 

$25

SG&A expenses
49

 
62

 
52

Total stock-based compensation expense, before income tax benefit

$69

 

$90

 

$77
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 year1
 
2019

 
2017

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.
 
2.5% – 2.7%

 
1.0% – 2.5%

 
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.
 
34.6
%
 
40.1
%
 
Weighted-average expected dividend yield: Our forecasted dividend yield for the next 10 years.
 
1.9
%
 
2.4
%
 
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.
 
6.8

 
7.1

 
 
 
 
 
 
Grant Date Information
 
 
 
 
 
Date of grant
 
March 5, 2019

 
February 28, 2017

 
Weighted-average fair value per option
 

$15

 

$16

 
Exercise price per option
 

$45

 

$47

1 There were no stock options granted in 2018.
Summary Of Stock Option Activity
A summary of stock option activity for 2019 is presented below:
Fiscal year
2019
 
Shares

 
Weighted-
average
exercise price

 
Weighted-average
remaining 
contractual
life (years)

 
Aggregate 
intrinsic 
value 

Outstanding, beginning of year
8.4

 

$53

 
 
 
 
Granted
1.0

 
45

 
 
 
 
Exercised
(0.4
)
 
30

 
 
 
 
Forfeited or cancelled
(0.7
)
 
54

 
 
 
 
Outstanding, end of year
8.3

 

$53

 
5

 

$132

Vested, end of year
6.9

 

$54

 
4

 

$118

Vested or expected to vest, end of year
8.1

 

$53

 
5

 

$130

 
 
 
 
 
 
 
 
Fiscal year
 
 
2019

 
2018

 
2017

Aggregate intrinsic value of options exercised
 
 

$5

 

$67

 

$13

Fair value of stock options vested
 
 

$17

 

$22

 

$34
Restricted stock units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary Of Restricted Stock Unit Activity
A summary of restricted stock unit activity for 2019 is presented below:
Fiscal year
2019
 
Shares

 
Weighted-average grant date fair value per unit

Outstanding, beginning of year
3.9

 

$47

Granted
1.5

 
39

Vested
(1.6
)
 
46

Forfeited or cancelled
(0.6
)
 
45

Outstanding, end of year
3.2

 

$44