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Stock-Based Compensation (Tables)
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12 Months Ended |
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Feb. 02, 2013
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| Stock-Based Compensation |
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| Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] |
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($ in millions)
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2012
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2011
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2010
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Stock awards
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$
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17
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$
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22
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$
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25
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Stock options
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33
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24
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28
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Total stock-based compensation
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$
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50
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(1)
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$
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46
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(2)
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$
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53
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Total income tax benefit recognized for stock-based compensation arrangements
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$
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19
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$
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18
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$
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21
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(1) Excludes $11 million of stock-based compensation costs reported in restructuring and management transition charges (see Note 16).
(2) Excludes $79 million of stock-based compensation costs reported in restructuring and management transition charges (see Note 16).
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| Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block] |
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Exercisable
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Total Outstanding
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(Shares in thousands; price is weighted-average exercise price)
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Shares
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Price
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Shares
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Price
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In-the-money
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1,369
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$
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16
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1,454
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$
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16
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Out-of-the-money(1)
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8,925
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46
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12,139
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43
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Total options outstanding
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10,294
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42
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13,593
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40
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(1) Out-of-the-money options are those with an exercise price above the closing price of jcpenney common stock of $19.88 as of February 2, 2013.
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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Weighted-
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Weighted-
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Average
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Aggregate
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Average
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Remaining
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Intrinsic
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Shares (in
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Exercise Price
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Contractual
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Value ($ in
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thousands)
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Per Share
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Term (in years)
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millions)(1)
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Outstanding at January 28, 2012
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14,667
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$
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38
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Granted
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2,792
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34
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Exercised
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(2,254)
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22
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Forfeited/canceled
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(1,612)
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38
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Outstanding at February 2, 2013
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13,593
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40
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4.7
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$
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5
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Exercisable at February 2, 2013
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10,294
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42
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3.4
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$
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5
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(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.
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| Schedule of Cash Proceeds Received from Share-based Payment Awards [Table Text Block] |
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($ in millions)
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2012
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2011
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2010
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Proceeds from stock options exercised
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$
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71
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$
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18
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$
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8
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Intrinsic value of stock options exercised
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38
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28
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7
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Tax benefit related to stock-based compensation
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15
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11
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3
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Excess tax benefits realized on stock-based compensation
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12
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10
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2
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
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2012
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2011
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2010
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Weighted-average expected option term
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4.9 years
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4.5 years
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4.5 years
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Weighted-average expected volatility
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45.30%
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41.20%
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38.00%
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Weighted-average risk-free interest rate
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0.87%
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1.75%
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2.20%
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Weighted-average expected dividend yield
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1.40%
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2.20%
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2.20%
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Expected dividend yield range
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2.0% – 2.1%
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1.8% – 2.2%
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1.8% – 2.9%
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| Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] |
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Weighted-
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Average Grant
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(shares in thousands)
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Stock Awards
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Date Fair Value
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Non-vested at January 28, 2012
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3,688
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$
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32
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Granted
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1,891
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29
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Vested
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(907)
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32
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Forfeited/canceled
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(1,210)
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33
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Non-vested at February 2, 2013
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3,462
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31
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