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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jan. 29, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense, net of estimated forfeitures
The following table presents total stock-based compensation expense, net of estimated forfeitures, including expense related to our ESPPs, and related income tax benefit:
in millionsFiscalFiscalFiscal
202220212020
Pre-tax stock-based compensation expense$367 $403 $310 
Income tax benefit(73)(86)(58)
After-tax stock-based compensation expense$294 $317 $252 
Schedule of option valuation assumptions
The following table presents the per share weighted average fair value of stock options granted and the assumptions used in determining fair value at the date of grant using the Black-Scholes option-pricing model: 
 FiscalFiscalFiscal
 202220212020
Per share weighted average fair value$70.21 $57.71 $36.77 
Risk-free interest rate2.5 %1.0 %0.6 %
Assumed volatility27.0 %26.5 %29.9 %
Assumed dividend yield2.4 %2.2 %3.1 %
Assumed lives of options6 years6 years6 years
Schedule of option activity by number of shares and weighted average exercise price
The following table presents a summary of stock option activity by number of shares and weighted average exercise price during fiscal 2022:
shares in thousandsNumber of
Shares
Weighted Average
Exercise Price
Outstanding at beginning of year3,641 $150.30 
Granted302 316.09 
Exercised(292)98.66 
Forfeited(25)238.56 
Outstanding at end of year3,626 167.66 
Intrinsic value of stock options exercised
The following table presents the total intrinsic value of stock options exercised:
in millionsFiscalFiscalFiscal
202220212020
Total intrinsic value of stock options exercised$61 $237 $217 
Schedule of options outstanding and exercisable
The following table presents details regarding outstanding and exercisable stock options at January 29, 2023:
shares in thousands, dollars in millions, except for per share amountsNumber of
Shares
Intrinsic
Value
Weighted Average
Remaining Life
Weighted Average
Exercise Price
Outstanding3,626 $541 4.6 years$167.66 
Exercisable2,448 457 3.2 years130.00 
Schedule of restricted stock, performance shares, and restricted stock unit activity
The following table presents a summary of restricted stock, performance shares, and restricted stock unit activity during fiscal 2022:
shares in thousandsNumber of
Shares
Weighted Average
Grant Date Fair Value
Nonvested at beginning of year3,709 $218.60 
Granted1,441 304.57 
Vested(1,516)191.82 
Forfeited(275)260.13 
Nonvested at end of year3,359 261.66 
Schedule of total fair value of restricted stock, performance shares, and restricted stock units that vested
The following table presents the total fair value of restricted stock, performance shares, and restricted stock units vested:
in millionsFiscalFiscalFiscal
202220212020
Total fair value vested$479 $405 $271 
Schedule of deferred shares granted
The following table presents deferred shares granted to non-employee directors:
FiscalFiscalFiscal
202220212020
Deferred shares granted to non-employee directors19,000 15,000 18,000