Stock Based Compensation (Tables)

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]

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

Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)