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Share-Based Compensation (Tables)
12 Months Ended
Oct. 26, 2012
Summary Stock Option Activity Restricted Stock Unit Activity And Performance Share Activity

A summary of stock option activity under all plans are as follows:

 

Dollars in millions, except share data

   Number of
Options
    Weighted-
Average
Exercise Price
Per Share
     Weighted-
Average
Remaining
Contractual
Term
     Weighted-
Average
Grant - Date
Fair
Value
     Aggregate
Intrinsic
Value
 

Outstanding at October 30, 2009

     3,634,045      $ 29.95         7.8          $ 79.3   

Options granted

     510,500        52.83          $ 17.46      

Options exercised

     (1,047,868     27.05               33.3   

Options forfeited or cancelled

     (249,991     30.22            
  

 

 

   

 

 

          

Outstanding at October 29, 2010

     2,846,686      $ 35.09         7.4            102.1   
  

 

 

   

 

 

          

Options granted

     509,500        80.64            24.20      

Options exercised

     (1,431,349     36.84               73.6   

Options forfeited or cancelled

     (90,489     41.55            
  

 

 

   

 

 

          

Outstanding at October 28, 2011

     1,834,348      $ 46.05         7.4            82.8   
  

 

 

   

 

 

          

Options granted

     459,500        87.31            27.93      

Options exercised

     (342,047     28.16               18.9   

Options forfeited or cancelled

     (57,956     69.66            
  

 

 

   

 

 

          

Outstanding at October 26, 2012

     1,893,845      $ 58.28         7.1            26.3   
  

 

 

   

 

 

          

Exercisable at October 26, 2012

     1,009,916      $ 39.69         5.8            24.9   
  

 

 

   

 

 

          

A summary of restricted stock unit activity under all plans is as follows:

 

Dollars in millions, except share data

   Number of
Units
    Weighted-
Average
Grant  Date

Fair Value
     Aggregate
Intrinsic
Value
 

Outstanding at October 30, 2009

     534,684      $ 26.57      

Units granted

     224,740        53.03      

Units earned from dividends

     8,470        57.16      

Units settled

     (35,582     28.30       $ 2.1   

Units deferred

     (13,190     34.88         0.8   

Units forfeited

     (37,621     33.72      
  

 

 

   

 

 

    

Outstanding at October 29, 2010

     681,501        35.03      

Units granted

     295,606        81.95      

Units earned from dividends

     7,137        85.63      

Units settled

     (34,450     48.63         2.8   

Units deferred

     (16,031     52.85         1.3   

Units forfeited

     (65,789     64.62      
  

 

 

   

 

 

    

Outstanding at October 28, 2011

     867,974        48.32      

Units granted

     325,588        79.08      

Units earned from dividends

     10,520        66.04      

Units settled

     (112,744     33.42         9.1   

Units deferred

     (25,252     34.87         2.2   

Units forfeited

     (50,139     52.12      
  

 

 

   

 

 

    

Outstanding at October 26, 2012

     1,015,947      $ 60.16      
  

 

 

   

 

 

    

A summary of performance share activity under all plans is as follows:

 

Dollars in millions, except share data

   Number of
Shares
    Weighted-
Average
Grant Date
Fair Value
     Aggregate
Intrinsic
Value
 

Outstanding at October 30, 2009

     520,950      $ 34.64      

Shares granted

     91,500        52.83      

Target adjustment

     263,258        34.27       $ 3.8   

Shares distributed

     (63,666     41.25      

Shares forfeited

     (49,431     27.95      
  

 

 

   

 

 

    

Outstanding at October 29, 2010

     762,611        36.57      

Shares granted

     75,000        80.69      

Target adjustment

     21,266        87.50      

Shares distributed

     (158,970     56.87         13.7   

Shares forfeited

     (30,158     35.20      
  

 

 

   

 

 

    

Outstanding at October 28, 2011

     669,749        38.38      

Shares granted

     145,100        80.40      

Target adjustment

     (21,533     78.69      

Shares distributed

     (450,855     21.69         36.9   

Shares forfeited

     (4,246     55.17      
  

 

 

   

 

 

    

Outstanding at October 26, 2012

     338,215      $ 75.87      
  

 

 

   

 

 

    
Weighted-Average Assumptions Used To Estimate Fair Value Option Awards

The weighted-average assumptions are as follows:

 

     2012     2011     2010  

Risk free interest rate

     0.40     0.77     1.23

Expected volatility

     44.92     41.07     49.14

Expected life in years

     3.7        3.8        3.4   

Dividend yield

     0.90     0.90     1.37