- How much was Target Corporations long-term debt at February 1, 2020?
- Compute Target Corporations at February 1, 2020. How does it compare to Kohls Corporations ratio?
W KOHL'S CORPORATION CONSOLIDATED BALANCE SHEETS February 1, 2020 February 2, 2019 (Dollars in Millions) Assets Current assets: Cash and cash equivalents Merchandise inventories Other Total current assets Property and equipment, net Operating leases Other assets Total assets 723 3,537 389 4,649 7,352 2,391 163 14,555 $ 934 3,475 426 4,835 7,428 206 12,469 1,187 1,364 64 115 2,730 1,861 1,523 Liabilities and Shareholders' Equity Current liabilities: Accounts payable 1,206 Accrued liabilities 1,233 Income taxes payable 48 Current portion of: Finance lease and financing obligations 124 Operating leases 158 Total current liabilities 2,769 Long-term debt 1,856 Finance lease and financing obligations 1,367 Operating leases 2,619 Deferred income taxes 260 Other long-term liabilities 234 Shareholders' equity: Common stock - 375 and 374 million shares issued Paid-in capital 3,272 Treasury stock, at cost, 219 and 211 million shares (11,571) Retained earnings 13,745 Total shareholders' equity 5,450 $ Total liabilities and shareholders' equity 14,555 $ See accompanying Notes to Consolidated Financial Statements 184 644 3,204 (11,076) 13,395 5,527 12,469 Consolidated Statements of Shareholders' Investment 3 Common Stock Additional Accumulated Other Stock Par Paid-in Retained Comprehensive (millions) Shares Value Capital Earnings (Loss)/Income Total January 28, 2017 556.2 $ 46 $ 5,661 $ 5,846 $ (638) $ 10,915 Net earnings 2,914 2,914 Other comprehensive income 8 8 Dividends declared (1,356) (1,356) Repurchase of stock (17.6) (1) (1,026) (1,027) Stock options and awards 3.1 197 197 Reclassification of tax effects to retained earnings 117 (117) February 3, 2018 541.7 $ 45 $ 5,858 $ 6,495 $ (747) $ 11,651 Net earnings 2,937 2,937 Other comprehensive loss (58) (58) Dividends declared (1,347) (1,347) Repurchase of stock (272) (2) (2,068) (2,070) Stock options and awards 3.3 184 184 February 2, 2019 517.8 $ 43 $ 6,042 $ 6,017 $ (805) $ 11,297 Net earnings 3,281 3,281 Other comprehensive loss (63) (63) Dividends declared (1,345) (1,345) Repurchase of stock (16.0) (1) (1,520) (1,521) Stock options and awards 2.4 184 184 February 1, 2020 504.2 $ 42 $ 6,226 $ 6,433 $ (868) $ 11,833 We declared $2.62, $2.54, and $2.46 dividends per share for the twelve months ended February 1, 2020, February 2, 2019, and February 3, 2018, respectively. Tall III AT Consolidated Statements of Financial Position $ February 1, February 2 (millions, except footnotes) 2020 2019 Assets Cash and cash equivalents 2,577 $ 1,556 Inventory 8,992 9,497 Other current assets 1,333 1,466 Total current assets 12,902 12,519 Property and equipment Land 6,036 6,064 Buildings and improvements 30,603 29,240 Fixtures and equipment 6,083 5,912 Computer hardware and software 2,692 2,544 Construction-in-progress 533 460 Accumulated depreciation (19,664) (18,687) Property and equipment, net 26,283 25,533 Operating lease assets 2,236 1,965 Other noncurrent assets 1,358 1,273 Total assets $ 42,779 $ 41,290 Liabilities and shareholders' investment Accounts payable 9,920 $ 9,761 Accrued and other current liabilities 4,406 4,201 Current portion of long-term debt and other borrowings 161 1,052 Total current liabilities 14,487 15,014 Long-term debt and other borrowings 11,338 10,223 Noncurrent operating lease liabilities 2,275 2,004 Deferred income taxes 1,122 972 Other noncurrent liabilities 1,724 1,780 Total noncurrent liabilities 16,459 14,979 Shareholders' investment Common stock 42 43 Additional paid-in capital 6,226 6,042 Retained earnings 6,433 6,017 Accumulated other comprehensive loss (868) (805) Total shareholders' investment 11,833 11,297 Total liabilities and shareholders' investment $ 42,779 $ 41,290 Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 504,198,962 shares issued and outstanding as of February 1, 2020; 517,761,600 shares issued and outstanding as of February 2, 2019. Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding during any period presented
