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Shareholders' Equity (Tables)
12 Months Ended
Jan. 29, 2022
Shareholders' Equity [Abstract]  
Stock-based compensation expense 2022 2021 2020Share awards: Time-based$ 109  $ 99  $ 95  Performance-based 17  21  28  Market-based 12  11  13  Stock options 3  4  7  Stock-based compensation expense 141  135  143  Income tax benefits 26  25  26  Stock-based compensation expense, net of tax$ 115  $ 110  $ 117 
Black Scholes valuation model assumptions Valuation Assumptions2021 2020Risk-free interest rate(1) 0.1 %- 0.9 % 1.9 %- 2.5 %Expected dividend yield 2.9 % 2.9 %Expected stock price volatility(2) 56 % 36 %Expected life of stock options (in years)(3) 6.3  7.4  (1)Based on the U.S. Treasury constant maturity interest rate whose term is consistent with the expected life of our stock options.(2)In projecting expected stock price volatility, we consider both the historical volatility of our stock price as well as implied volatilities from exchange-traded options on our stock.(3)Estimated based upon historical experience.
Summary of the status of nonvested market-based share awards Market-Based Share AwardsShares Weighted-Average Fair Value per ShareOutstanding as of January 30, 2021 558  $ 65.88  Granted 147  $ 132.21  Adjustment for performance achievement 76  $ 74.30  Distributed (225) $ 74.30  Forfeited (32) $ 65.49  Outstanding as of January 29, 2022 524  $ 80.78 
Summary of the status of nonvested performance-based share awards Performance-Based Share AwardsShares Weighted-Average Fair Value per ShareOutstanding as of January 30, 2021 929  $ 63.20  Granted 99  $ 118.19  Adjustment for performance achievement 78  $ 72.24  Distributed (366) $ 69.29  Forfeited (67) $ 55.56  Outstanding as of January 29, 2022 673  $ 68.40 
Summary of stock options outstanding Stock Options‎(in thousands) Weighted-Average‎ Exercise Price ‎per Share Weighted-Average‎ Remaining Contractual Term ‎(in years) Aggregate‎Intrinsic Value‎(in millions)Outstanding as of January 30, 2021 1,272  $ 57.83  Exercised (320) $ 57.49  Forfeited (117) $ 61.91  Outstanding as of January 29, 2022 835  $ 57.39  6.1  $ 34  Vested or expected to vest as of January 29, 2022 835  $ 57.39  6.1  $ 34  Exercisable as of January 29, 2022 295  $ 43.83  4.6  $ 16 
Reconciliation of the numerators and denominators of basic and diluted earnings per share As of January 29, 2022, options to purchase common stock were all in-the-money and outstanding as follows (shares in millions): Exercisable Unexercisable Total Shares % Weighted-‎Average Price‎per Share Shares % Weighted-‎Average Price‎per Share Shares % Weighted-‎Average Price‎per ShareIn-the-money 0.3  35  $ 43.83  0.5  65  $ 64.80  0.8  100  $ 57.39  Reconciliations of the numerators and denominators of basic and diluted earnings per share were as follows ($ and shares in millions, except per share amounts): 2022 2021 2020Numerator Net earnings$ 2,454  $ 1,798  $ 1,541  Denominator Weighted-average common shares outstanding 246.8  259.6  264.9  Dilutive effect of stock compensation plan awards 2.5  3.4  3.2  Weighted-average common shares outstanding, assuming dilution 249.3  263.0  268.1  Potential shares which were anti-dilutive and excluded from weighted-average share computations 0.1  - 0.8  Basic earnings per share$ 9.94  $ 6.93  $ 5.82  Diluted earnings per share$ 9.84  $ 6.84  $ 5.75 
Schedule of share repurchases 2022 2021 2020Total cost of shares repurchased$ 3,504  $ 318  $ 1,009  Average price per share$ 108.97  $ 102.63  $ 72.34  Number of shares repurchased and retired 32.2  3.1  14.0