Share-Based Compensation (Tables)

12 Months Ended

Feb. 02, 2013

Assumptions used to Compute Share-Based Compensation Expense

The following table shows the Company’s assumptions used to compute the share-based compensation expense:

	Stock Option Plans									Stock Purchase Plan
	2012			2011			2010			2012			2011			2010
Weighted-average risk free rate of interest		1.49	%		2.07	%		2.34	%		0.22	%		0.31	%		0.85	%
Expected volatility		43	%		45	%		45	%		38	%		37	%		39	%
Weighted-average expected award life- in years		5.5			5.0			5.0			1.0			1.0			1.0
Dividend yield		2.3	%		3.5	%		4.0	%		2.5	%		3.4	%		4.8	%
Weighted-average fair value	$	10.13		$	5.86		$	4.47		$	6.11		$	3.91		$	2.54

Options Granted under Stock Option Plans

The information set forth in the following table covers options granted under the Company’s stock option plans:

	2012					2011					2010
	Number of Shares			Weighted- Average Exercise Price		Number of Shares			Weighted- Average Exercise Price		Number of Shares			Weighted- Average Exercise Price
	(in thousands, except prices per share)
Options outstanding at beginning of year		7,227		$	18.44		7,220		$	17.17		7,002		$	16.88
Granted		940		$	30.96		1,612		$	19.13		1,311		$	15.10
Exercised		(2,213	)	$	19.67		(1,454	)	$	13.02		(942	)	$	11.65
Expired or cancelled		(47	)	$	23.74		(151	)	$	17.38		(151	)	$	20.41
Options outstanding at end of year		5,907		$	19.93		7,227		$	18.44		7,220		$	17.17
Options exercisable at end of year		3,593		$	17.83		4,598		$	19.35		5,088		$	18.81
Options available for future grant at end of year		5,518					7,155					10,339

Total Intrinsic Value of Options Exercised

The total intrinsic value of options exercised (the difference between the market price of the Company’s common stock on the exercise date and the price paid by the optionee to exercise the option) is presented below:

	2012		2011		2010
	(in millions)
Exercised	$	29	$	15	$	5

Aggregate Intrinsic Value for Stock Options Outstanding and Exercisable

The aggregate intrinsic value for stock options outstanding and for stock options exercisable (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price of the options, multiplied by the number of in-the-money stock options) is presented below:

	2012		2011		2010
	(in millions)
Outstanding	$	86	$	59	$	23
Outstanding and exercisable	$	60	$	33	$	13

Information about Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at February 2, 2013:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number Outstanding		Weighted- Average Remaining Contractual Life		Weighted- Average Exercise Price		Number Exercisable		Weighted- Average Exercise Price
	(in thousands, except prices per share and contractual life)
$ 9.85 to $15.10		2,157		6.30	$	12.62		1,763	$	12.07
$15.74 to $23.92		2,127		6.39	$	20.38		1,180	$	21.61
$24.04 to $35.50		1,623		6.21	$	29.03		650	$	26.62
		5,907		6.31	$	19.93		3,593	$	17.83

Changes in Nonvested Options

Changes in the Company’s nonvested options at February 2, 2013 are summarized as follows:

	Number of Shares			Weighted- Average Grant Date Fair Value per share
	(in thousands, except prices per share)
Nonvested at January 28, 2012		2,629		$	16.84
Granted		940			30.96
Vested		(1,208	)		15.42
Expired or cancelled		(47	)		23.74
Nonvested at February 2, 2013		2,314		$	23.18

Restricted Share and Unit Activity

Restricted share and unit activity is summarized as follows:

	Number of Shares and Units
	2012			2011			2010
	(in thousands)
Outstanding at beginning of year		2,068			1,759			1,680
Granted		278			686			651
Vested		(782	)		(327	)		(492	)
Cancelled or forfeited		—			(50	)		(80	)
Outstanding at end of year		1,564			2,068			1,759
Aggregate value (in millions)	$	30		$	30		$	20
Weighted-average remaining contractual life		0.84 years			1.19 years			1.44 years