Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 28, 2012
Stock-Based Compensation  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

 

 

 

 

($ in millions)

2011

 

2010

 

2009

 

Stock options

$              24

$              28

$              28

Stock awards

                22

                25

                12

 

 

 

 

Total stock-based compensation cost

$              46(1)

$              53

$              40

 

 

 

 

Total income tax benefit recognized for stock-based compensation arrangements

$              18

$              21

$              15

 

 

 

 

(1) Excludes $79 million of stock-based compensation costs reported in restructuring and management transition charges (see Note 17).
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

(Shares in thousands; price is weighted-average exercise price)

 

 

Exercisable

 

Total Outstanding

 

         Shares

          Price

 

        Shares

           Price

In-the-money

              6,470

$      29

 

         10,362

$      29

Out-of-the-money(1)

              4,305

        58

 

           4,305

        58

Total options outstanding

            10,775

        40

 

         14,667

        38

(1) Out-of-the-money options are those with an exercise price above the closing price of jcpenney common stock of $41.42 as of January 28, 2012.

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes stock option activity during the year ended January 28, 2012:

 

 

 

 

 

 

 

Shares

(in thousands)

 

Weighted-
Average
Exercise Price
Per Share

 

Weighted-
Average
Remaining
Contractual
Term 

(in years)

 

Aggregate
Intrinsic
Value 

($ in millions)(1)

 

Outstanding at January 29, 2011

             15,013

$            36

 

 

Granted

               2,523

              36

 

 

Exercised

             (1,849)

              22

 

 

Forfeited/canceled

             (1,020)

              36

 

 

 

 

 

 

 

Outstanding at January 28, 2012

             14,667

              38

                  5.4

$              125

 

 

 

 

 

Exercisable at January 28, 2012

             10,775

              40

                  4.5

$                83

 

 

 

 

 

(1) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option at year end.

Schedule of Cash Proceeds Received from Share-based Payment Awards [Table Text Block]

 

 

 

 

($ in millions)

2011

 

2010

 

2009

 

Proceeds from stock options exercised

$            18

$                8

$                4

Intrinsic value of stock options exercised

              28

                  7

                  1

Tax benefit related to stock-based compensation

                7

                  3

                  2

Excess tax benefits realized on stock-based compensation

              10

                  2

                  -
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

 

 

 

 

 

2011

 

2010

 

2009

 

Weighted-average expected option term

4.5 years

4.5 years

4.5 years

Weighted-average expected volatility

41.2%

38.0%

57.0%

Weighted-average risk-free interest rate

1.75%

2.2%

1.8%

Weighted-average expected dividend yield

2.2%

2.2%

3.3%

Expected dividend yield range

1.8% – 2.2%

1.8% – 2.9%

1.8% – 5.0%
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

 

 

 

(shares in thousands)

Stock Awards

 

Weighted-
Average Grant
Date Fair 

Value

 

Non-vested at January 29, 2011

            2,028

$            27

Granted

            5,749

              33

Vested

           (3,691)

              30

Forfeited/canceled

              (398)

              35

 

 

 

Non-vested at January 28, 2012

            3,688

              32