XML 76 R59.htm IDEA: XBRL DOCUMENT v3.20.4

STOCK OPTION AND RESTRICTED STOCK AWARDS (Tables)

12 Months Ended

Nov. 01, 2020

STOCK OPTION AND RESTRICTED STOCK AWARDS

Assumptions Used for the Binomial Lattice Model to Determine Fair Value of Options

The assumptions used for the binomial lattice model to determine the fair value of options follow:

​

​	​	​	​	​	​	​	​
​		2020		2019		2018
Risk-free interest rate*		1.67%		2.85%		2.34%	​
Expected dividends	​	1.8%	​	2.0%	​	1.6%	​
Volatility*	​	26.0%	​	30.0%	​	22.8%	​
Expected term (in years)*		5.7		8.2		8.4	​

*    Weighted-averages

​

Stock Option Activity

Stock option activity at November 1, 2020 and changes during 2020 in millions of dollars and shares follow:

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Remaining	​	​	​
​	​	​	​	​	​	​	Contractual	​	Aggregate
​	​	​	​	Exercise		​	Term	​	Intrinsic
​	​	Shares		Price*			(Years)		Value
Outstanding at beginning of year		7.0	​	$	92.85	​	​	​	​	​	​
Granted		.5	​		169.70	​	​	​	​	​	​
Exercised		(3.7)	​		88.36	​	​	​	​	​	​
Expired or forfeited		(.1)	​		169.70	​	​	​	​	​	​
Outstanding at end of year		3.7	​		107.30		5.51		$	437.5	​
Exercisable at end of year		3.0	​		93.79		4.76	​		391.0	​

*    Weighted-averages

​

Restricted Share Activity

The company’s restricted shares at November 1, 2020 and changes during 2020 in millions of shares follow:

​

​	​	​	​	​	​	​
​	​	​	​	Grant-Date
​	​	Shares	​	Fair Value*
Service-only based	​	​	​	​	​	​
Nonvested at beginning of year		1.1	​	$	130.72	​
Granted		.3	​		168.94	​
Vested		(.4)	​		102.34	​
Forfeited	​	(.1)	​	​	162.62	​
Nonvested at end of year		.9	​		155.47	​
Performance/service based	​	​	​	​	​	​
Nonvested at beginning of year		.3	​	$	130.78	​
Granted		.1	​		160.81	​
Vested		(.2)	​		111.78	​
Nonvested at end of year		.2	​		147.55	​

* Weighted-averages

​

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration