Stock-Based Compensation (Tables)
 9 Months Ended
Aug. 04, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Information pertaining to the Company's stock option awards and the related estimated weighted-average assumptions used to calculate the fair value of stock options granted
Information pertaining to the Company’s stock option awards and the related estimated weighted-average assumptions to calculate the fair value of stock options granted during the three- and nine-month periods ended August 4, 2012 and July 30, 2011 are as follows:
 
  
Three Months Ended
 
Nine Months Ended
Stock Options
August 4, 2012
 
July 30, 2011
 
August 4, 2012
 
July 30, 2011
Options granted (in thousands)
36

 
20

 
2,263

 
1,980

Weighted-average exercise price

$36.24

 

$38.50

 

$39.65

 

$37.61

Weighted-average grant-date fair value

$6.73

 

$7.91

 

$7.49

 

$8.62

Assumptions:
 
 
 
 
 
 
 
Weighted-average expected volatility
30.2
%
 
28.2
%
 
28.6
%
 
29.2
%
Weighted-average expected term (in years)
5.3

 
5.3

 
5.3

 
5.3

Weighted-average risk-free interest rate
0.6
%
 
1.7
%
 
1.1
%
 
2.1
%
Weighted-average expected dividend yield
3.3
%
 
2.6
%
 
3.0
%
 
2.3
%
Summary of the activity under the Company s stock option plans:
A summary of the activity under the Company’s stock option plans as of August 4, 2012 and changes during the three- and nine-month periods then ended is presented below:
 
Activity during the Three Months Ended August 4, 2012
Options
Outstanding
(in thousands)
 
Weighted-
Average Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term in Years
 
Aggregate
Intrinsic
Value
Options outstanding May 5, 2012
30,438

 

$30.88

 
 
 
 
Options granted
36

 

$36.24

 
 
 
 
Options exercised
(1,023
)
 

$22.95

 
 
 
 
Options forfeited
(70
)
 

$28.49

 
 
 
 
Options expired
(48
)
 

$36.45

 
 
 
 
Options outstanding at August 4, 2012
29,333

 

$31.16

 
4.7

 
$
262,212

Options exercisable at August 4, 2012
18,019

 

$31.52

 
3.7

 
$
157,897

Options vested or expected to vest at August 4, 2012 (1)
28,816

 

$31.09

 
4.6

 
$
259,656

 
(1)
In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. Options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.
Activity during the Nine Months Ended August 4, 2012
Options
Outstanding
(in thousands)
 
Weighted-
Average
Exercise Price
Per Share
Options outstanding October 29, 2011
34,116

 

$30.27

Options granted
2,263

 

$39.65

Options exercised
(4,553
)
 

$24.43

Options forfeited
(358
)
 

$27.82

Options expired
(2,135
)
 

$40.94

Options outstanding at August 4, 2012
29,333

 

$31.16
Summary of the Company's restricted stock unit award activity
A summary of the Company’s restricted stock unit award activity as of August 4, 2012 and changes during the three- and nine-month periods then ended is presented below:
 
Activity during the Three Months Ended August 4, 2012
Restricted
Stock Units
Outstanding
(in thousands)
 
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units outstanding at May 5, 2012
2,830

 

$32.71

Units granted
39

 

$34.10

Restrictions lapsed
(16
)
 

$27.24

Forfeited
(16
)
 

$32.65

Restricted stock units outstanding at August 4, 2012
2,837

 

$32.76

 
Activity during the Nine Months Ended August 4, 2012
Restricted
Stock Units
Outstanding
(in thousands)
 
Weighted-
Average Grant-
Date Fair Value
Per Share
Restricted stock units outstanding at October 29, 2011
2,088

 

$31.10

Units granted
882

 

$36.10

Restrictions lapsed
(63
)
 

$27.57

Forfeited
(70
)
 

$29.89

Restricted stock units outstanding at August 4, 2012
2,837

 

$32.76