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Share-based Compensation (Tables)

12 Months Ended

Jan. 30, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Share-Based Compensation Expense

The following table provides share-based compensation expense included in the Consolidated Statements of Income (Loss) for 2020, 2019 and 2018:

			2020						2019						2018
			(in millions)
Costs of Goods Sold, Buying and Occupancy			$	18					$	29					$	29
General, Administrative and Store Operating Expenses			32						58						68
Total Share-based Compensation Expense			$	50					$	87					$	97

Restricted Stock Activity

The following table provides the Company’s restricted stock activity for the fiscal year ended January 30, 2021:

			Number of Shares						Weighted Average Grant Date Fair Value
			(in thousands)
Unvested as of February 1, 2020			8,662						$	32.00
Granted			1,480						17.05
Vested			(2,040)						43.38
Cancelled			(1,455)						28.34
Unvested as of January 30, 2021			6,647						$	25.68

Stock Option Activity

The following table provides the Company’s stock option activity for the fiscal year ended January 30, 2021:

			Number of Shares						Weighted Average Option Price Per Share						Weighted Average Remaining Contractual Life						Aggregate Intrinsic Value
			(in thousands)												(in years)						(in thousands)
Outstanding as of February 1, 2020			5,280						$	51.87
Exercised			(237)						33.13
Cancelled			(880)						45.00
Outstanding as of January 30, 2021			4,163						$	54.39					5.0						$	5,356
Vested and Expected to Vest as of January 30, 2021 (a)			4,144						54.46						5.0						5,257
Options Exercisable as of January 30, 2021			3,631						56.57						4.7						3,048

 ________________

(a)The number of options expected to vest includes an estimate of expected forfeitures.

Weighted-Average Assumptions

The following table contains the weighted-average assumptions used during 2019 and 2018:

									2019						2018
Expected Volatility									40		%				36		%
Risk-free Interest Rate									2.2		%				2.5		%
Dividend Yield									4.4		%				5.8		%
Expected Life (in years)									3.2						2.9

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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