XML 44 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation (Tables)
6 Months Ended
Jul. 30, 2016
Share-Based Compensation [Abstract]  
Total Compensation Expense and the Related Tax Benefits Recognized



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Thirteen weeks ended

 

Twenty-six weeks ended



July 30,

 

August 1,

 

July 30,

 

August 1,



2016

 

2015

 

2016

 

2015



($ in millions)

Options and shares purchased under the employee stock purchase plan

$

 

$

 

$

 

$

Restricted stock and restricted stock units

 

 

 

 

 

 

 

Total share-based compensation expense 

$

 

$

 

$

11 

 

$

11 



 

 

 

 

 

 

 

 

 

 

 

Tax benefit recognized

$

 

$

 

$

 

$

Excess income tax benefit from settled equity-classified share-based awards reported as a cash flow from financing activities

 

 

 

 

 

 

$

10 

 

$

24 



Assumptions used to Compute Share-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Stock Option Plans

 

 

Stock Purchase Plan

 



 

July 30,

 

 

August 1,

 

 

July 30,

 

 

August 1,

 



 

2016

 

 

2015

 

 

2016

 

 

2015

 

Weighted-average risk free rate of interest

 

1.4 

%

 

1.5 

%

 

0.4 

%

 

0.2 

%

Expected volatility

 

30 

%

 

30 

%

 

26 

%

 

24 

%

Weighted-average expected award life (in years)

 

5.7 

 

 

6.0 

 

 

1.0 

 

 

1.0 

 

Dividend yield

 

1.7 

%

 

1.6 

%

 

1.7 

%

 

1.7 

%

Weighted-average fair value

$

15.68 

 

$

16.01 

 

$

15.19 

 

$

9.53 

 



Options Granted under Stock Option Plans



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

   

 

 

Weighted-

 

Weighted-



 

 

Number

 

Average

 

Average



 

 

of

 

Remaining

 

Exercise



 

 

Shares

 

Contractual Life

 

Price



 

 

(in thousands)

 

(in years)

 

(per share)

Options outstanding at the beginning of the year

 

 

3,694 

 

 

 

 

$

32.62 

Granted

 

 

482 

 

 

 

 

 

63.47 

Exercised

 

 

(669)

 

 

 

 

 

21.56 

Expired or cancelled

 

 

(54)

 

 

 

 

 

59.03 

Options outstanding at July 30, 2016

 

 

3,453 

 

 

5.7 

 

$

38.65 

Options exercisable at July 30, 2016

 

 

2,420 

 

 

4.3 

 

$

29.34 

Options vested and expected to vest at July 30, 2016

 

 

3,413 

 

 

5.6 

 

$

38.38 

Options available for future grant at July 30, 2016

 

 

12,006 

 

 

 

 

 

 



Total Intrinsic Value of Options Exercised



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Thirteen weeks ended

 

Twenty-six weeks ended



July 30,

 

August 1,

 

July 30,

 

August 1,



2016

 

2015

 

2016

 

2015



($ in millions)

Exercised

$

12 

 

$

29 

 

$

26 

 

$

65 



Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable



 

 

 

 

 



 

 

 

 

 



Twenty-six weeks ended



July 30,

 

August 1,



2016

 

2015



($ in millions)

Outstanding

$

76 

 

$

173 

Outstanding and exercisable

$

74 

 

$

152 

Vested and expected to vest

$

76 

 

$

172 



Information about Stock Options Outstanding and Exercisable



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Options Outstanding

 

Options Exercisable



 

 

   

Weighted-

   

 

 

 

 

 

   

 



 

 

 

Average

 

 

Weighted-

 

 

 

 

Weighted-



 

 

 

Remaining

 

 

Average

 

 

 

 

Average



 

Number

 

Contractual

 

 

Exercise

 

Number

 

 

Exercise

Range of Exercise Prices

 

Outstanding

 

Life

 

 

Price

 

Exercisable

 

 

Price



 

(in thousands, except prices per share and contractual life)

$9.85 to $15.10

 

721 

 

2.1 

 

$

12.99 

 

721 

 

$

12.99 

$18.80 to $30.92

 

710 

 

3.6 

 

 

23.76 

 

710 

 

 

23.76 

$34.12 to $56.35

 

936 

 

6.4 

 

 

41.54 

 

739 

 

 

39.53 

$62.02 to $73.21

 

1,086 

 

8.7 

 

 

62.92 

 

250 

 

 

62.15 



 

3,453 

 

5.7 

 

$

38.65 

 

2,420 

 

$

29.34 



Restricted Share and Unit Activity



 

 

 

 

 

 

 



 

 

 

Weighted-

 

 

 



   

 

 

Average

 

 

 



 

Number

 

Remaining

 

Weighted-Average



 

of

 

Contractual

 

Grant Date



 

Shares

 

Life

 

Fair Value



 

(in thousands)

 

(in years)

 

 

(per share)

Nonvested at beginning of year

 

803 

 

 

 

$

45.19 

Granted

 

361 

 

 

 

 

63.74 

Vested

 

(212)

 

 

 

 

36.54 

Expired or cancelled

 

(125)

 

 

 

 

39.28 

Nonvested at July 30, 2016

 

827 

 

1.5 

 

$

56.39 

Aggregate value ($ in millions)

 $

47