Target Corporation prepares its financial statements according to U.S. GAAP. Targets financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the companys website (www.target.com). Target has both defined contribution and defined benefit pension plan. In Note 28 Pension and Postretirement Health Care Plans, Target describes its defined benefit plans. Required: 1. What were the changes in Targets Projected Benefits Obligation in the fiscal years ended February 3, 2018 (fiscal 2017), and January 28, 2017 (fiscal 2016), for its qualified pension plans? 2. What were the changes in Targets Pension Plan Assets in the fiscal years ended February 3, 2018, and January 28, 2017, for its qualified pension plans? 3. Were these pension plans overfunded or underfunded for the fiscal years ended February 3, 2018, and January 28, 2017? 4. What were the components of Targets Pension Expense in the fiscal years 2017, 2016, and 2015?

What were the changes in Targets Pension Plan Assets in the fiscal years ended February 3, 2018, and January 28, 2017, for its qualified pension plans? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign.)

Financial Summary Target 2017 Annual Report 2017 (a) 2016 2015 2014 2013 FINANCIAL RESULTS: (in millions) Sales (b) $ 71,879 $ 69,495 $ 73,785 $ 72,618 $ 71,279 Cost of sales (c) 51,125 49,145 52,241 51,506 50,243 Gross margin 20,754 20,350 21,544 21,112 21,036 Selling, general and administrative expenses (SG&A) 14,248 13,356 14,665 14,676 14,465 Depreciation and amortization (exclusive of depreciation included on cost of sales) (c) 2,194 2,025 1,969 1,901 1,792 Gain on sale (d) (620) (391) Earnings from continuing operations before interest expense and income taxes (EBIT) 4,312 4,969 5,530 4,535 5,170 Net interest expense (e) 666 1,004 607 882 1,049 Earnings from continuing operations before income taxes 3,646 3,965 4,923 3,653 4,121 Provision for income taxes (f) 718 1,296 1,602 1,204 1,427 Net earnings from continuing operations 2,928 2,669 3,321 2,449 2,694 Discontinued operations, net of tax 6 68 42 (4,085) (723) Net earnings / (loss) $ 2,934 $ 2,737 $ 3,363 $ (1,636) $ 1,971 PER SHARE: Basic earnings / (loss) per share Continuing operations $ 5.35 $ 4.62 $ 5.29 $ 3.86 $ 4.24 Discontinued operations 0.01 0.12 0.07 (6.44) (1.14) Net earnings / (loss) per share $ 5.36 $ 4.74 $ 5.35 $ (2.58) $ 3.10 Diluted earnings / (loss) per share Continuing operations $ 5.32 $ 4.58 $ 5.25 $ 3.83 $ 4.20 Discontinued operations 0.01 0.12 0.07 (6.38) (1.13) Net earnings / (loss) per share $ 5.33 $ 4.70 $ 5.31 $ (2.56) $ 3.07 Cash dividends declared $ 2.46 $ 2.36 $ 2.20 $ 1.99 $ 1.65 FINANCIAL POSITION: (in millions) Total assets $ 38,999 $ 37,431 $ 40,262 $ 41,172 $ 44,325 Capital expenditures (g) $ 2,533 $ 1,547 $ 1,438 $ 1,786 $ 1,886 Long-term debt, including current portion (g) $ 11,587 $ 12,749 $ 12,760 $ 12,725 $ 12,494 Net debt (g)(h) $ 10,456 $ 11,639 $ 9,752 $ 11,205 $ 12,491 Shareholders investment $ 11,709 $ 10,953 $ 12,957 $ 13,997 $ 16,231 SEGMENT FINANCIAL RATIOS: (i) Comparable sales growth (j) 1.3% (0.5 )% 2.1% 1.3% (0.4)% Gross margin (% of sales) (c) 28.9% 29.3 % 29.2% 29.1% 29.5% SG&A (% of sales) 19.8% 19.2 % 19.6% 20.0% 20.2% EBIT margin (% of sales) 6.0% 7.1 % 6.9% 6.5% 6.8% OTHER: Common shares outstanding (in millions) 541.7 556.2 602.2 640.2 632.9 Operating cash flow provided by continuing operations (in millions) $ 6,849 $ 5,329 $ 5,254 $ 5,157 $ 7,572 Sales per square foot (g)(k) $ 295 $ 290 $ 307 $ 302 $ 298 Retail square feet (in thousands) (g) 239,355 239,502 239,539 239,963 240,054 Square footage growth (g) (0.1)% % (0.2)% % 0.9% Total number of stores (g) 1,822 1,802 1,792 1,790 1,793 Total number of distribution centers (g) 41 40 40 38 37

	Qualified Plans
Change in Plan Assets	2017	2016
Fair value of plan assets at beginning of period
Actual return on plan assets
Benefits paid
Employer contributions
Participant contributions
Fair value of plan assets at end of period