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Stock Based Compensation (Tables) | 12 Months Ended
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Jan. 30, 2021
Components of Stock Based Compensation Expense | Stock-based compensation expense included the following components:
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (millions) |
Stock options |  | $ | 8 |  |  | $ | 15 |  |  | $ | 24 |
Restricted stock units |  |  | 23 |  |  |  | 23 |  |  |  | 39 |
|  | $ | 31 |  |  | $ | 38 |  |  | $ | 63 |
Weighted Average Assumption Used To Estimate Fair Value of Stock Options | There were no grants of stock options during 2020. The fair value of stock options granted during 2019 and 2018 and the weighted average assumptions used to estimate the fair value are as follows:
|  | 2019 |  |  | 2018 |
Weighted average grant date fair value of stock options granted during the period |  | $ | 5.11 |  |  | $ | 7.43 |
Dividend yield |  |  | 6.3 | % |  |  | 5.2 | %
Expected volatility |  |  | 40.6 | % |  |  | 41.1 | %
Risk-free interest rate |  |  | 2.4 | % |  |  | 2.7 | %
Expected life |  | 5.5 years |  |  | 5.6 years |
Schedule of Stock Option Activity | Activity related to stock options for 2020 is as follows:
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
|  | (thousands) |  |  |  |  |  |  | (years) |  |  | (millions) |
Outstanding, beginning of period |  |  | 18,499 |  |  | $ | 39.77 |  |  |  |  |  |  |  |  |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Canceled or forfeited |  |  | (2,154 | ) |  |  | 32.84 |  |  |  |  |  |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Outstanding, end of period |  |  | 16,345 |  |  | $ | 40.69 |  |  |  |  |  |  |  |  |
Exercisable, end of period |  |  | 14,357 |  |  | $ | 42.74 |  |  |  | 3.6 |  |  | $ | — |
Options expected to vest |  |  | 1,371 |  |  | $ | 25.84 |  |  |  | 7.4 |  |  | $ | — |
Additional Information Relating to Stock Options | Additional information relating to stock options is as follows:
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (millions) |
Intrinsic value of options exercised |  | $ | — |  |  | $ | 10 |  |  | $ | 27 |
Cash received from stock options exercised |  |  | — |  |  |  | 6 |  |  |  | 45 |
Restricted Stock Units [Member] |
Activity Related to Restricted Stock and Restricted Stock Units | The weighted average grant date fair values of performance-based and time-based restricted stock units granted during 2020, 2019 and 2018 are as follows:
|  | 2020 |  |  | 2019 |  |  | 2018 |
Restricted stock units (performance-based) |  | $ | 6.24 |  |  | $ | 24.28 |  |  | $ | 30.64 |
Restricted stock units (time-based) |  |  | 6.96 |  |  |  | 17.81 |  |  |  | 25.57 |
Schedule of Nonvested Restricted Stock Units Activity | Activity related to restricted stock units for 2020 is as follows:
|  |  |  |  |  | Weighted |
|  |  |  |  |  | Average |
|  |  |  |  |  | Grant Date |
|  | Shares |  |  | Fair Value |
|  | (thousands) |
Nonvested, beginning of period |  |  | 4,747 |  |  | $ | 23.37 |
Granted – performance-based |  |  | 1,553 |  |  |  | 6.24 |
Performance adjustment |  |  | (508 | ) |  |  | 30.48 |
Granted – time-based |  |  | 6,216 |  |  |  | 6.96 |
Forfeited |  |  | (830 | ) |  |  | 21.43 |
Vested |  |  | (1,426 | ) |  |  | 23.54 |
Nonvested, end of period |  |  | 9,752 |  |  | $ | 9.95 |

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