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Shareholders' Equity (Tables) | 12 Months Ended
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Feb. 01, 2020
Shareholders' Equity [Abstract] |
Stock-based compensation expense |
| 2020 |  | 2019 |  | 2018
Stock options | $ | 7 |  |  | $ | 3 |  |  | $ | 6 |
Share awards: |  |  |  |  |  |  |  |  |  |  |
Market-based |  | 13 |  |  |  | 15 |  |  |  | 19 |
Performance-based |  | 28 |  |  |  | 20 |  |  |  | 13 |
Time-based |  | 95 |  |  |  | 85 |  |  |  | 91 |
Total | $ | 143 |  |  | $ | 123 |  |  | $ | 129 |
Stock option activity |
| Stock Options |  | Weighted-Average ‎Exercise Price per Share |  | Weighted-Average ‎Remaining Contractual Term (in years) |  | Aggregate ‎Intrinsic Value ‎(in millions)
Outstanding at February 2, 2019 | 2,358 |  |  | $ | 33.47 |  |  |  |  |  |  |  |  |
Granted | 719 |  |  | $ | 69.17 |  |  |  |  |  |  |  |  |
Exercised | (1,461) |  |  | $ | 27.92 |  |  |  |  |  |  |  |  |
Outstanding at February 1, 2020 | 1,616 |  |  | $ | 54.38 |  |  |  | 6.9 |  |  | $ | 49 |
Vested or expected to vest at February 1, 2020 | 1,616 |  |  | $ | 54.38 |  |  |  | 6.9 |  |  | $ | 49 |
Exercisable at February 1, 2020 | 712 |  |  | $ | 38.29 |  |  |  | 4.3 |  |  | $ | 33 |
Black Scholes valuation model assumptions |
Valuation Assumptions | 2020 |  | 2019 |  | 2018
Risk-free interest rate(1) | 1.9 | % | - | 2.5 | % |  | 1.9 | % | - | 2.8 | % |  | 0.9 | % | - | 2.6 | %
Expected dividend yield | 2.9 | % |  | 2.7 | % |  | 3.0 | %
Expected stock price volatility(2) | 36 | % |  | 39 | % |  | 38 | %
Expected life of stock options (in years)(3) | 7.4 |  |  | 6.5 |  |  | 6.0 |
(1)Based on the U.S. Treasury constant maturity interest rate whose term is consistent with the expected life of our stock options (2)In projecting expected stock price volatility, we consider both the historical volatility of our stock price as well as implied volatilities from exchange-traded options on our stock. (3)We estimate the expected life of stock options based upon historical experience.
Summary of the status of nonvested market-based share awards |
Market-Based Share Awards | Shares |  | Weighted-Average Fair Value per Share
Outstanding at February 2, 2019 | 1,187 |  |  | $ | 40.07 |
Granted | 584 |  |  | $ | 72.90 |
Vested | (1,025) |  |  | $ | 29.90 |
Forfeited/canceled | (54) |  |  | $ | 58.96 |
Outstanding at February 1, 2020 | 692 |  |  | $ | 59.84 |
Summary of the status of nonvested time-based share awards |
Time-Based Share Awards | Shares |  | Weighted-Average Fair Value per Share
Outstanding at February 2, 2019 | 4,098 |  |  | $ | 47.13 |
Granted | 1,880 |  |  | $ | 68.80 |
Vested | (1,868) |  |  | $ | 45.01 |
Forfeited/canceled | (258) |  |  | $ | 62.23 |
Outstanding at February 1, 2020 | 3,852 |  |  | $ | 57.81 |
Summary of the status of nonvested performance-based share awards |
Performance-Based Share Awards | Shares |  | Weighted-Average Fair Value per Share
Outstanding at February 2, 2019 | 819 |  |  | $ | 52.78 |
Granted | 516 |  |  | $ | 68.90 |
Vested | (274) |  |  | $ | 42.08 |
Forfeited/canceled | (108) |  |  | $ | 59.80 |
Outstanding at February 1, 2020 | 953 |  |  | $ | 63.82 |
Summary of stock options outstanding |
| Exercisable |  | Unexercisable |  | Total
| Shares |  | % |  | Weighted- ‎Average Price ‎per Share |  | Shares |  | % |  | Weighted- ‎Average Price ‎per Share |  | Shares |  | % |  | Weighted- ‎Average Price ‎per Share
In-the-money | 0.7 |  |  | 100 | % |  | $ | 38.29 |  |  | 0.9 |  |  | 100 | % |  | $ | 67.04 |  |  | 1.6 |  |  | 100 | % |  | $ | 54.38 |
Reconciliation of the numerators and denominators of basic and diluted earnings per share |
| 2020 |  | 2019 |  | 2018
Numerator |  |  |  |  |  |  |  |  |  |  |
Net earnings from continuing operations | $ | 1,541 |  |  | $ | 1,464 |  |  | $ | 999 |
Denominator |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  | 264.9 |  |  |  | 276.4 |  |  |  | 300.4 |
Effect of potentially dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Stock options and other |  | 3.2 |  |  |  | 5.0 |  |  |  | 6.7 |
Weighted-average common shares outstanding, assuming dilution |  | 268.1 |  |  |  | 281.4 |  |  |  | 307.1 |
Anti-dilutive securities excluded from Weighted-average common shares outstanding, assuming dilution |  | 0.8 |  |  |  | 0.2 |  |  |  | - |
Net earnings per share from continuing operations |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 5.82 |  |  | $ | 5.30 |  |  | $ | 3.33 |
Diluted | $ | 5.75 |  |  | $ | 5.20 |  |  | $ | 3.26 |
Schedule of share repurchases |
| 2020 |  | 2019 |  | 2018
Total cost of shares repurchased | $ | 1,009 |  |  | $ | 1,493 |  |  | $ | 2,009 |
Average price per share | $ | 72.34 |  |  | $ | 70.28 |  |  | $ | 57.16 |
Number of shares repurchased and retired |  | 14.0 |  |  |  | 21.2 |  |  |  | 35.1 |

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