v2.4.0.6
Share-Based Compensation (Tables)
12 Months Ended
Jan. 28, 2012
Share-Based Compensation.  
Summary of stock option activity

 

   
Stock Option Activity
  Stock Options  
 
  Total Outstanding   Exercisable  
 
  Number of
Options 
(a)
  Exercise
Price 
(b)
  Intrinsic
Value 
(c)
  Number of
Options 
(a)
  Exercise
Price 
(b)
  Intrinsic
Value 
(c)
 
   

January 29, 2011

    34,650   $ 46.87   $ 288     20,813   $ 47.06   $ 172  

Granted

    7,485     48.90                          

Expired/forfeited

    (1,690 )   49.16                          

Exercised/issued

    (2,291 )   40.38                          
   

January 28, 2012

    38,154   $ 47.59   $ 166     23,283   $ 47.06   $ 121  
   
(a)
In thousands.
(b)
Weighted average per share.
(c)
Represents stock price appreciation subsequent to the grant date, in millions.
Stock options valuation assumptions

 

   
Valuation Assumptions
  2011
  2010
  2009
 
   

Dividend yield

    2.5 %   1.8 %   1.4 %

Volatility

    27 %   26 %   31 %

Risk-free interest rate

    1.0 %   2.1 %   2.7 %

Expected life in years

    5.5     5.5     5.5  

Stock options grant date fair value

  $ 9.20   $ 12.51   $ 14.18  
   

 

Stock Options Exercises
   
Stock Option Exercises (millions)
  2011
  2010
  2009
 
   

Cash received for exercise price

  $ 93   $ 271   $ 62  

Intrinsic value

    27     132     21  

Income tax benefit

    11     52     8  
   
Performance Share Unit Activity

 

   
Performance Share Unit Activity
  Total Nonvested Units  
 
  Performance
Share Units 
(a)
  Grant Date
Price 
(b)
 
   

January 29, 2011

    1,984     $42.10  

Granted

    476     48.63  

Forfeited

    (908 )   49.09  

Vested

         
   

January 28, 2012

    1,552     $39.93  
   
(a)
Assumes attainment of maximum payout rates as set forth in the performance criteria based in thousands of share units. Applying actual or expected payout rates, the number of outstanding units at January 28, 2012 was 1,128 thousand.
(b)
Weighted average per unit.
Restricted stock activity

 

 

   
Restricted Stock Activity
  Total Nonvested Units  
 
  Restricted
Stock 
(a)
  Grant Date
Price 
(b)
 
   

January 29, 2011

    1,138     $48.29  

Granted

    816     49.42  

Forfeited

    (99 )   46.03  

Vested

    (245 )   34.25  
   

January 28, 2012

    1,610     $50.76  
   
(a)
Represents the number of restricted stock units and restricted stock awards, in thousands.
(b)
Weighted average per unit.