Note 11 - Share-Based Compensation (Tables)
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3 Months Ended |
Apr. 29, 2023 |
|---|
| Notes Tables |
|
| Share-Based Payment Arrangement, Cost by Plan [Table Text Block] |
| | | Thirteen weeks ended | |
| | | April 29, | | | April 30, | |
| ($ in millions) | | 2023 | | | 2022 | |
| Options and employee stock purchase plan | | $ | 1 | | | $ | 1 | |
| Restricted stock units and performance stock units | | | 1 | | | | 6 | |
| Total share-based compensation expense | | $ | 2 | | | $ | 7 | |
| | | | | | | |
| Tax benefit recognized | | $ | — | | | $ | 1 | |
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| Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
| | | Stock Option Plans | | | Stock Purchase Plan | |
| | | April 29, | | | April 30, | | | April 29, | | | April 30, | |
| | | 2023 | | | 2022 | | | 2023 | | | 2022 | |
| Weighted-average risk free rate of interest | | | 3.5 | % | | | 2.3 | % | | | 2.2 | % | | | 0.1 | % |
| Expected volatility | | | 49 | % | | | 50 | % | | | 40 | % | | | 40 | % |
| Weighted-average expected award life (in years) | | | 5.4 | | | | 5.5 | | | | 1.0 | | | | 1.0 | |
| Dividend yield | | | 3.6 | % | | | 3.9 | % | | | 3.7 | % | | | 1.8 | % |
| Weighted-average fair value | | $ | 14.09 | | | $ | 10.42 | | | $ | 7.16 | | | $ | 29.46 | |
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| Share-Based Payment Arrangement, Option, Activity [Table Text Block] |
| | | | | | Weighted- | | | Weighted- | |
| | | Number | | | Average | | | Average | |
| | | of | | | Remaining | | | Exercise | |
| | | Shares | | | Contractual Life | | | Price | |
| | | (in thousands) | | | (in years) | | | (per share) | |
| Options outstanding at the beginning of the year | | | 3,256 | | | | | | $ | 47.85 | |
| Granted | | | 294 | | | | | | | 39.08 | |
| Exercised | | | (151 | ) | | | | | | 24.60 | |
| Expired or cancelled | | | (148 | ) | | | | | | 36.71 | |
| Options outstanding at April 29, 2023 | | | 3,251 | | | | 3.8 | | | $ | 48.64 | |
| Options exercisable at April 29, 2023 | | | 2,783 | | | | 2.9 | | | $ | 50.48 | |
| Shares available for future grant at April 29, 2023 under the 2007 Stock Incentive Plan | | | 888 | | | | | | | |
| Shares available for future grant at April 29, 2023 under the employment inducement award plan (1) | | | 409 | | | | | | | |
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| Schedule of Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
| | | Thirteen weeks ended | |
| | | April 29, | | | April 30, | |
| ($ in millions) | | 2023 | | | 2022 | |
| Exercised | | $ | 3 | | | $ | — | |
|
| Schedule of Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Intrinsic Value of Options Outstanding and Exercisable [Table Text Block] |
| | | Thirteen weeks ended | |
| | | April 29, | | | April 30, | |
| ($ in millions) | | 2023 | | | 2022 | |
| Outstanding | | $ | 15 | | | $ | 6 | |
| Outstanding and exercisable | | $ | 13 | | | $ | 4 | |
|
| Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block] |
| | | Options Outstanding | | | Options Exercisable | |
| | | | | | Weighted- | | | | | | | | | | |
| | | | | | Average | | | Weighted- | | | | | | Weighted- | |
| | | | | | Remaining | | | Average | | | | | | Average | |
| Range of Exercise | | Number | | | Contractual | | | Exercise | | | Number | | | Exercise | |
| Prices | | Outstanding | | | Life | | | Price | | | Exercisable | | | Price | |
| | | (in thousands, except prices per share and contractual life) | |
| $21.60 - $36.51 | | | 855 | | | | 5.2 | | | $ | 25.40 | | | | 708 | | | $ | 23.82 | |
| $38.94 - $48.98 | | | 743 | | | | 5.2 | | | | 42.58 | | | | 439 | | | | 45.00 | |
| $53.61 - $58.94 | | | 482 | | | | 3.3 | | | | 56.73 | | | | 465 | | | | 56.84 | |
| $62.02 - $72.83 | | | 1,171 | | | | 2.1 | | | | 66.14 | | | | 1,171 | | | | 66.14 | |
| | | | 3,251 | | | | 3.8 | | | $ | 48.64 | | | | 2,783 | | | $ | 50.48 | |
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| Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] |
| | | | | | Weighted- | | | | | |
| | | | | | | Average | | | Weighted- | |
| | | Number | | | Remaining | | | Average | |
| | | of | | | Contractual | | | Grant Date | |
| | | Shares | | | Life | | | Fair Value | |
| | | (in thousands) | | | (in years) | | | (per share) | |
| Nonvested at beginning of year | | | 1,992 | | | | | | $ | 37.58 | |
| Granted | | | 741 | | | | | | | 39.69 | |
| Vested | | | (628 | ) | | | | | | 34.12 | |
| Performance adjustment (1) | | | (600 | ) | | | | | | |
| Forfeited | | | (99 | ) | | | | | | 39.79 | |
| Nonvested at April 29, 2023 | | | 1,406 | | | | 1.8 | | | $ | 40.80 | |
| | | | | | | | | | |
| Aggregate value ($ in millions) | | $ | 57 | | | | | | | | |
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