Please use the financial statement information extracted from Target's fiscal year 2018 10-K below.
Consolidated Statements of Financial Position (millions, except footnotes) February 2 February 3, 2019 2018 As Adjusted Assets Cash and cash equivalents $ 1,556 $ 2,643 Inventory 9,497 8,597 Other current assets 1.466 1,300 Total current assets 12,519 12,540 Property and equipment Land 6,064 6,095 Buildings and improvements 29,240 28,131 Fixtures and equipment 5,912 5,623 Computer hardware and software 2,544 2,645 Construction-in-progress 460 440 Accumulated depreciation (18,687) (18,398) Property and equipment, net 25,533 24,536 Operating lease assets 1,965 1,884 Other noncurrent assets 1,273 1,343 Total assets $ 41,290 $ 40,303 Liabilities and shareholders' investment Accounts payable $ 9,761 $ 8,677 Accrued and other current liabilities 4,201 4,094 Current portion of long-term debt and other borrowings 1,052 281 Total current liabilities 15,014 13,052 Long-term debt and other borrowings 10,223 11,117 Noncurrent operating lease liabilities 2,004 1,924 Deferred income taxes 972 693 Other noncurrent liabilities 1,780 1,866 Total noncurrent liabilities 14,979 15,600 Shareholders' investment Common stock 43 45 Additional paid-in capital 6,042 5,858 Retained earnings 6,017 6,495 Accumulated other comprehensive loss 805 (747) Total shareholders' investment 11,297 11,651 Total liabilities and shareholders' investment 41,290 $ 40,303Footnote 18: Leases Leases (millions) Classification February 2, 2019 February 3, 2018 Assets Operating Operating Lease Assets $ 1,965 $ 1.884 Finance Buildings and Improvements, net of Accumulated 872 836 Depreciation Total leased assets $ 2,837 $ 2,720 Liabilities Current Operating Accrued and Other Current Liabilities $ 166 $ 148 Finance Current Portion of Long-term Debt and Other Borrowings 53 80 Noncurrent Operating Noncurrent Operating Lease Liabilities 2.004 1.924 Finance Long-term Debt and Other Borrowings 968 385 Total lease liabilities $ 3,191 $ 3,037 Lease Cost (millions) Classification 2018 2017 2016 Operating lease cost (@) SG&A Expenses S 251 $ 221 $ 199 Finance lease cost Amortization of leased assets Depreciation and Amortization () 65 63 87 Interest on lease liabilities Net Interest Expense 42 42 36 Sublease income (c) Other Revenue (11) (9) (7) Net lease cost $ 347 $ 317 $ 315 Maturity of Lease Liabilities (millions) Operating Finance Leases Leases (b) Total 2019 245 $ 98 S 343 2020 238 98 336 2021 232 98 330 2022 226 99 325 2023 217 94 311 After 2023 1,746 974 2,720 Total lease payments S 2,904 $ 1,461 S 4,365 Less: Interest 734 440 Present value of lease liabilities S 2, 170 $ 1,021Lease Term and Discount Rate February 2, February 3. 2019 2018 Weighted average remaining lease term (years) Operating leases 14.2 15.2 Finance leases 15.4 15.4 Weighted average discount rate Operating leases 3.91% 3.88% Finance leases 4.64% 4.64%
