Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.3.1.900
Stock Based Compensation (Tables)
12 Months Ended
Jan. 30, 2016
Nonvested Restricted Stock Shares Activity [Table Text Block]
Activity related to restricted stock awards for 2015 is as follows:
 
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
(thousands)
 
 
Nonvested, beginning of period
25.9

 
$
23.43

Granted

 

Forfeited
(1.1
)
 
23.43

Vested
(24.8
)
 
23.43

Nonvested, end of period

 
$

Components of Stock Based Compensation Expense
Stock-based compensation expense included the following components:
 
 
2015
 
2014
 
2013
 
(millions)
Stock options
$
52

 
$
47

 
$
36

Restricted stock units
13

 
26

 
25

Restricted stock

 

 
1

 
$
65

 
$
73

 
$
62



Weighted Average Assumption Used To Estimate Fair Value of Stock Options
The fair value of stock options granted during 2015, 2014 and 2013 and the weighted average assumptions used to estimate the fair value are as follows:
 
 
2015
 
2014
 
2013
Weighted average grant date fair value of stock options
granted during the period
$
20.78

 
$
19.07

 
$
12.15

Dividend yield
2.7
%
 
2.5
%
 
2.8
%
Expected volatility
43.3
%
 
42.7
%
 
41.3
%
Risk-free interest rate
1.7
%
 
1.5
%
 
0.8
%
Expected life
5.7 years

 
5.7 years

 
5.7 years

Schedule of Stock Option Activity
Activity related to stock options for 2015 is as follows:
 
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value
 
(thousands)
 
 
 
(years)
 
(millions)
Outstanding, beginning of period
19,678.8

 
$
36.65

 
 
 
 
Granted
3,426.4

 
$
63.65

 
 
 
 
Canceled or forfeited
(502.7
)
 
$
50.69

 
 
 
 
Exercised
(3,772.7
)
 
$
33.02

 
 
 
 
Outstanding, end of period
18,829.8

 
$
41.92

 
 
 
 
Exercisable, end of period
10,958.1

 
$
32.04

 
4.0
 
$
113

Options expected to vest
6,927.1

 
$
55.66

 
8.2
 
$

Additional Information Relating to Stock Options
Additional information relating to stock options is as follows:
 
 
2015
 
2014
 
2013
 
(millions)
Intrinsic value of options exercised
$
127

 
$
189

 
$
207

Grant date fair value of stock options that vested during the year
46

 
38

 
31

Cash received from stock options exercised
125

 
200

 
254

Excess tax benefits realized from exercised stock options
31

 
43

 
51

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
Activity related to restricted stock units for 2015 is as follows:
 
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
(thousands)
 
 
Nonvested, beginning of period
1,292.9

 
$
48.47

Granted – performance-based
425.5

 
61.51

Performance adjustment
(137.5
)
 
41.97

Granted – time-based
421.2

 
63.71

Dividend equivalents
33.8

 
53.48

Forfeited
(55.8
)
 
53.75

Vested
(451.5
)
 
42.85

Nonvested, end of period
1,528.6

 
$
58.46

Restricted Stock Units [Member]  
Activity Related to Restricted Stock and Restricted Stock Units
Restricted Stock and Restricted Stock Units
The weighted average grant date fair values of restricted stock units granted during 2015, 2014 and 2013 are as follows:
 
 
2015
 
2014
 
2013
Restricted stock units
$
62.61

 
$
59.41

 
$
42.54