Target Consolidated Statements of Operations Projected FY 2024, 2025, 2026 $s in Millions (Except per Share Data) 2024 2025 2026 Sales $105,803 107588 104,611 Other revenue 1,609 1532 1,394 Total revenue 107,412 109,120 106,005 Cost of sales 77,736 8,229 74,963 Selling, general and administrative expenses 21,554 20,658 19,752 Depreciation and amortization (exclusive of depreciation included in cost of sales) 2,415 2,385 2,344 Operating income 5,707 3,848 8,946 Net interest expense 502 478 421 Net other (income) / expense (92) (48) (382.00) Earnings before income taxes 5,297 3,418 8,907 Provision for income taxes 1,159 638 1,961 Net earnings 4,138 2,780 6,946 Basic earnings per share $8.96 $6.02 14.23 Diluted earnings per share $8.94 $5.98 14.10 Weighted average common shares outstanding Basic 562 462.1 488.1 Diluted 463 464.7 492.7 Antidilutive shares 2