Attached files
| file | filename |
|---|---|
| EX-32.B - EXHIBIT 32.B - TARGET CORP | tgt-20170128xexhibit32b.htm |
| EX-32.A - EXHIBIT 32.A - TARGET CORP | tgt-20170128xexhibit32a.htm |
| EX-31.B - EXHIBIT 31.B - TARGET CORP | tgt-20170128xexhibit31b.htm |
| EX-31.A - EXHIBIT 31.A - TARGET CORP | tgt-20170128xexhibit31a.htm |
| EX-24 - EXHIBIT 24 - TARGET CORP | tgt-20170128xexhbit24.htm |
| EX-23 - EXHIBIT 23 - TARGET CORP | tgt_exhibitx23x10-kxfy2016.htm |
| EX-21 - EXHIBIT 21 - TARGET CORP | tgt_exhibitx21x10-kxfy2016.htm |
| EX-10.U - EXHIBIT 10.U - TARGET CORP | tgt-20170128xexhibit10uxps.htm |
| EX-10.S - EXHIBIT 10.S - TARGET CORP | tgt-20170128xexhibit10sxrs.htm |
| EX-10.I - EXHIBIT 10.I - TARGET CORP | tgt-20170128xexhibit10i.htm |
| EX-10.CC - EXHIBIT 10.CC - TARGET CORP | tgt-20170128xexhibit10ccxc.htm |
| 10-K - 10-K - TARGET CORP | tgt-20170128x10k.htm |
Exhibit (12)
TARGET CORPORATION
Computations of Ratios of Earnings to Fixed Charges for each of the
Five Years in the Period Ended January 28, 2017
Ratio of Earnings to Fixed Charges | Fiscal Year Ended | ||||||||||
(dollars in millions) | January 28, 2017 | January 30, 2016 | January 31, 2015 | February 1, 2014 | February 2, 2013 | ||||||
Earnings from continuing operations before income taxes | $3,965 | $4,923 | $3,653 | $4,121 | $5,056 | ||||||
Capitalized interest, net | 20 | 16 | (1 | ) | (14 | ) | (12 | ) | |||
Adjusted earnings from continuing operations before income taxes | 3,985 | 4,939 | 3,652 | 4,107 | 5,044 | ||||||
Fixed charges: | |||||||||||
Interest expense (a) | 591 | 616 | 619 | 641 | 721 | ||||||
Interest portion of rental expense | 107 | 108 | 108 | 108 | 106 | ||||||
Total fixed charges | 698 | 724 | 727 | 749 | 827 | ||||||
Earnings from continuing operations before income taxes and fixed charges | $4,683 | $5,663 | $4,379 | $4,856 | $5,871 | ||||||
Ratio of earnings to fixed charges | 6.71 | 7.82 | 6.02 | 6.48 | 7.10 | ||||||
(a) | Includes interest on debt and capital leases (including capitalized interest) and amortization of debt issuance costs. Excludes interest income, the loss on early retirement of debt and interest associated with uncertain tax positions, which is recorded within income tax expense. |