1. What was net income? (also known as Net Earnings) Found on the Consolidated Statement of Operations, also known as an Income Statement)

3. Did their income increase or decrease between this year and last and by how much?

4. Using the numbers from their latest Consolidated Statement of Financial Position (also known as a balance sheet), show their accounting equation.

5. Which of the following had the largest PERCENTAGE change from last year to this year: sales; cost of sales; or selling, general and administrative expense? (Hint: NOT dollar change, you have to find out what percentage change occurred. For example: If in 2016 the number is 250 and in 2017 it is 300, the change is +50. The percentage change is .2 or 20% (change/base year: 50/250).

12 Months Ended Feb. 01, 2020 Mar. 05, 2020 Aug. 02, 2019 10-K true Feb. 01, 2020 false 1-6049 TARGET CORP MN Cover Page - USD ($) Cover page. Document Type Document Annual Report Document Period End Date Document Transition Report Entity File Number Entity Registrant Name Entity Incorporation, State or Country Code Entity Tax Identification Number Entity Address, Address Line One Entity Address, City or Town Entity Address, State or Province Entity Address, Postal Zip Code City Area Code Local Phone Number Title of 12(b) Security Trading Symbol Security Exchange Name Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Entity Shell Company Entity Public Float Entity Common Stock, Shares Outstanding Entity Central Index Key Amendment Flag Current Fiscal Year End Date Document Fiscal Year Focus Document Fiscal Period Focus Documents Incorporated by Reference 41-0215170 1000 Nicollet Mall Minneapolis MN 55403 612 304-6073 Common stock, par value 50.0833 per share TGT NYSE Yes No Yes Yes Large Accelerated Filer false false false $ 41,576,546,635 500,961,951 0000027419 false --02-01 2019 FY DOCUMENTS INCORPORATED BY REFERENCE Portions of Target's Proxy Statement for the Annual Meeting of Shareholders to be held on June 10, 2020, are incorporated into Part III. 12 Months Ended Feb. 01, 2020 Feb. 02, 2019 Feb. 03, 2018 $ 78,112 $ 75,356 $ 72,714 54.864 53,299 51,125 16,233 15,723 15,140 2,357 2,225 4,658 477 (9) 2,224 4,110 461 (27) 3,676 746 2,930 7 $ 2,937 4,224 653 (59) 3,630 4,190 921 3,269 12 $ 3,281 722 2,908 6 $ 2,914 uiment Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions Total revenue Cost of sales Selling, general and administrative expenses Depreciation and amortization (exclusive of depreciation included in cost of sales) Operating income Net interest expense Net other (income) / expense Earnings from continuing operations before income taxes Provision for income taxes Net earnings from continuing operations Discontinued operations, net of tax Net earnings Basic earnings per share Continuing operations in dollars per share) Discontinued operations (in dollars per share) Net earnings per share in dollars per share) Diluted earnings per share Continuing operations (in dollars per share) Discontinued operations (in dollars per share) Net earnings per share (in dollars per share) Weighted average common shares outstanding Basic (in shares) Diluted (in shares) Antidilutive shares in shares) Sales Total revenue Other revenue Total revenue $ 6.39 $ 5.54 $ 5.32 0.02 0.01 0.01 6.42 5.55 5.32 6.34 5.50 5.29 0.02 0.01 0.01 $ 6.36 $5.51 $5.29 510.9 515.6 0.0 528.6 533.2 0.0 546.8 550.3 4.1 $ 77,130 $ 74,433 $ 71,786 $ 982 $ 923 $ 928 nent 12 Months Ended Feb. 01, 2020 Feb. 02, 2019 Feb. 03, 2018 $ 3,281 $ 2,937 $ 2,914 Consolidated Statements of Comprehensive Income - USD ($) Sin Millions Statement of Comprehensive Income [Abstract] Net earnings Other comprehensive (loss) / income, net of tax Pension and other benefit liabilities, net of tax Currency translation adjustment and cash flow hedges, net of tax Other comprehensive (loss) / income Comprehensive income (65) (52) 2 2. 6 2 6 (6) (58) $ 2.879 (63) $ 3,218 8 $ 2,922 hent Feb. 01, 2020 Feb. 02, 2019 $ 2,577 8,992 1,333 12,902 $ 1,556 9,497 1,466 12,519 6,036 30,603 6,083 2,692 533 (19,664) 26,283 2,236 1,358 42,779 6,064 29,240 5,912 2,544 460 (18,687) 25,533 1,965 1,273 41,290 Consolidated Statements of Financial Position - USD ($) Sin Millions Assets Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets Total assets Liabilities and shareholders' investment Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings Total current liabilities Long-term debt and other borrowings Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' investment Total liabilities and shareholders' investment 9,920 4,406 9,761 4,201 161 14,487 11,338 2,275 1,122 1,724 16,459 1,052 15,014 10,223 2,004 972 1,780 14,979 42 6,226 6,433 (868) 11,833 43 6,042 6,017 (805) 11,297 $ 41,290 $ 42,779 Feb. 01, 2020 Feb. 02, 2019 6,000,000,000 6,000,000,000 $ 0.0833 ent Consolidated Statements of Financial Position (Parenthetical) - $ / shares Statement of Financial Position [Abstract] Common Stock, shares authorized (in shares) Common Stock, par value in dollars per share) Common Stock, shares issued (in shares) Common Stock, shares outstanding (in shares) Preferred Stock, shares authorized (in shares) Preferred Stock, par value in dollars per share) Preferred Stock, shares issued (in shares) Preferred Stock, shares outstanding in shares) $ 0.0833 504,198,962 504,198,962 517,761,600 517,761,600 5,000,000 5,000,000 $ 0.01 $ 0.01 0 0 0 0 12 Months Ended Feb. 01, 2020 Feb. 02, 2019 Feb. 03, 2018 $ 3,281 $ 2.937 $ 2,914 12 7 6 3.269 2,930 2,908 2,476 112 2,604 147 178 10 29 2,474 132 322 0 95 (188) 123 208 (348) 505 18 140 199 (900) (299) 1,127 89 (156) 1,307 419 7,099 5,970 6,861 18 3 74 7,117 5,973 6,935 Consolidated Statements of Cash Flows - USD ($) Sin Millions Operating activities Net earnings Earnings from discontinued operations, net of tax Net earnings from continuing operations Adjustments to reconcile net earnings to cash provided by operations: Depreciation and amortization Share-based compensation expense Deferred income taxes Loss on debt extinguishment Noncash losses / (gains) and other, net Changes in operating accounts: Inventory Other assets Accounts payable Accrued and other liabilities Cash provided by operating activities, continuing operations Cash provided by operating activities, discontinued operations Cash provided by operations Investing activities Expenditures for property and equipment Proceeds from disposal of property and equipment Cash paid for acquisitions, net of cash assumed Other investments Cash required for investing activities Financing activities Additions to long-term debt Reductions of long-term debt Dividends paid Repurchase of stock Stock option exercises Cash required for financing activities Net (decrease) / increase in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental information Interest paid, net of capitalized interest Income taxes paid Leased assets obtained in exchange for new finance lease liabilities Leased assets obtained in exchange for Suoneration lossa liabilities (3,027) (3,516) (2,533 63 85 31 0 0 20 (2,944) 15 (3,416) (518) (55) (3,075) 1,739 (2,069) (1,330) (1,565) 73 (3,152) 0 (281) (1,335) (2,124) 96 (3,644) 739 (2,192) (1,338) (1,046) 108 (3,729) 1,021 (1,087) 131 1,556 2,643 2,512 2,577 1,556 2,643 492 696 476 373 678 934 379 130 139 $ 464 $ 246 $ 212 Feb. 01, 2020 May 04, 2019 Feb. 02, 2019 May 05, 2018 Feb. 01, 2020 Feb. 02, 2019 Feb. 03, 2018 517,761,600 $ 11,297 $ 795 $ 11,651 $ 718 $ 834 $ 799 517,761.600 $ 11,297 3.281 (63) $ (1,345) (16,000,000.0) $ (1,521) $ 184 $ 11,651 2,937 (58) $ (1,347) (27,200,000) $ (2,070) $ 184 $ 10,915 2,914 8 $ (1,356) (17,600,000) $ (1,027) 197 0 504.198.962 $ 11.833 517,761,600 $ 11.297 504,198,962 $ 11.833 517,761,600 $ 11,297 $ 11,651 517,800,000 $ 43 541,700,000 $ 45 FRITUULETUL- UND Sin Millions Increase (Decrease) in Stockholders' Equity Beginning balance in shares) Beginning balance Net earnings Other comprehensive income Dividends declared Repurchase of stock in shares) Repurchase of stock Stock options and awards Reclassification of tax effects to retained earnings Ending balance in shares) Ending balance Common Stock Increase (Decrease) in Stockholders' Equity Beginning balance (in shares) Beginning balance Repurchase of stock (in shares) Repurchase of stock Stock options and awards (in shares) Stock options and awards Ending balance in shares) Ending balance Additional Paid-in Capital Increase (Decrease) in Stockholders' Equity Beginning balance Stock options and awards Ending balance Retained Earnings Increase (Decrease) in Stockholders' Equity Beginning balance Net earnings Dividends declared Repurchase of stock Reclassification of tax effects to retained earnings Ending balance Accumulated Other Comprehensive (Loss) / Income Increase (Decrease) in Stockholders' Equity Beginning balance Other comprehensive income Reclassification of tax effects to retained earnings Ending balance 517,800,000 $ 43 (16,000,000.0) $ (1) 2,400,000 $0 504,200,000 $ 42 541,700,000 $ 45 (27,200,000) $ (2) 3,300,000 SO 517,800,000 $ 43 556,200,000 $ 46 (17,600,000) $ (1) 3,100,000 $0 541,700,000 $ 45 504,200,000 $ 42 517,800,000 $ 43 6.042 5.858 6,042 184 6,226 5,858 184 6,042 5,661 197 5,858 6,226 6,042 6,017 6,495 6.017 3.281 (1,345) (1,520) 6.495 2.937 (1,347) (2,068) 5,846 2.914 (1,356) (1,026) 117 6,433 6,017 6,433 6,017 6,495 $ (805) $ (747) (805) (63) (747) (58) (638) 8 (117) $ (868) $ (805) $ (868) $ (805) $ (747) 3 Months Ended 12 Months Ended Feb. 01, 2020 Nov. 02, 2019 Aug. 03, 2019 May 04, 2019 Feb. 02, 2019 Nov. 03, 2018 Aug. 04, 2018 May 05, 2018 Feb. 01, 2020 Feb. 02, 2019 Feb. 03, 2018 Consolidated Statements of Shareholders' Investment (Parenthetical) - $ / shares Statement of Stockholders' Equity [Abstract] Dividends declared per share (in dollars per share) $ 0.66 $ 0.66 $ 0.66 $ 0.64 $ 0.64 $ 0.64 $ 0.64 $ 0.62 $ 2.62 $ 2.54 $ 2.46