Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.7.0.1
Stock Based Compensation (Tables)
12 Months Ended
Jan. 28, 2017
Nonvested Restricted Stock Shares Activity [Table Text Block]
 
Components of Stock Based Compensation Expense
Stock-based compensation expense included the following components:
 
 
2016
 
2015
 
2014
 
(millions)
Stock options
$
43

 
$
52

 
$
47

Restricted stock units
18

 
13

 
26

 
$
61

 
$
65

 
$
73



Weighted Average Assumption Used To Estimate Fair Value of Stock Options
The fair value of stock options granted during 2016, 2015 and 2014 and the weighted average assumptions used to estimate the fair value are as follows:
 
 
2016
 
2015
 
2014
Weighted average grant date fair value of stock options
granted during the period
$
12.14

 
$
20.78

 
$
19.07

Dividend yield
3.8
%
 
2.7
%
 
2.5
%
Expected volatility
42.7
%
 
43.3
%
 
42.7
%
Risk-free interest rate
1.4
%
 
1.7
%
 
1.5
%
Expected life
5.7 years

 
5.7 years

 
5.7 years

Schedule of Stock Option Activity
Activity related to stock options for 2016 is as follows:
 
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
 
(thousands)
 
 
 
(years)
 
(millions)
Outstanding, beginning of period
18,829.8

 
$
41.92

 
 
 
 
Granted
3,886.8

 
$
42.97

 
 
 
 
Canceled or forfeited
(1,116.6
)
 
$
51.33

 
 
 
 
Exercised
(1,122.1
)
 
$
31.30

 
 
 
 
Outstanding, end of period
20,477.9

 
$
42.18

 
 
 
 
Exercisable, end of period
12,541.5

 
$
36.48

 
4.1
 
$
46

Options expected to vest
6,657.5

 
$
51.07

 
8.3
 
$

Additional Information Relating to Stock Options
Additional information relating to stock options is as follows:
 
 
2016
 
2015
 
2014
 
(millions)
Intrinsic value of options exercised
$
12

 
$
127

 
$
189

Cash received from stock options exercised
35

 
125

 
200

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
Activity related to restricted stock units for 2016 is as follows:
 
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
(thousands)
 
 
Nonvested, beginning of period
1,497.0

 
$
57.06

Granted – performance-based
575.1

 
43.72

Performance adjustment
(237.6
)
 
59.82

Granted – time-based
482.8

 
35.61

Forfeited
(250.0
)
 
32.99

Vested
(249.0
)
 
33.70

Nonvested, end of period
1,818.3

 
$
53.29

Restricted Stock Units [Member]  
Activity Related to Restricted Stock and Restricted Stock Units
Restricted Stock Units
The weighted average grant date fair values of restricted stock units granted during 2016, 2015 and 2014 are as follows:
 
 
2016
 
2015
 
2014
Restricted stock units
$
40.02

 
$
62.61

 
$
59.41