TARGET CORP - FORM 10-K - EX-12 - EXHIBIT 12 - March 13, 2015

Attached files

file filename
EX-32.A - EXHIBIT 32.A - TARGET CORPtgt-20150131xexhibit32a.htm
EX-32.B - EXHIBIT 32.B - TARGET CORPtgt-20150131xexhibit32b.htm
EX-31.A - EXHIBIT 31.A - TARGET CORPtgt-20150131xexhibit31a.htm
EX-31.B - EXHIBIT 31.B - TARGET CORPtgt-20150131xexhibit31b.htm
EX-10.HH - EXHIBIT 10.HH - TARGET CORPtgt_exhibitx10hhx10-kxfy20.htm
EX-24 - EXHIBIT 24 - TARGET CORPtgt_exhibitx24x10-kxfy2014.htm
EX-23 - EXHIBIT 23 - TARGET CORPtgt_exhibitx23x10-kxfy2014.htm
EX-21 - EXHIBIT 21 - TARGET CORPtgt_exhibitx21x10-kxfy2014.htm
EX-10.AA - EXHIBIT 10.AA - TARGET CORPtgt_exhibitx10aax10-kxfy20.htm
EX-10.Y - EXHIBIT 10.Y - TARGET CORPtgt_exhibitx10yx10-kxfy2014.htm
EX-10.V - EXHIBIT 10.V - TARGET CORPtgt_exhibitx10vx10-kxfy2014.htm
EX-10.G - EXHIBIT 10.G - TARGET CORPtgt_exhibitx10gx10-kxfy2014.htm
EX-10.X - EXHIBIT 10.X - TARGET CORPtgt_exhibitx10xx10-kxfy2014.htm
EX-10.S - EXHIBIT 10.S - TARGET CORPtgt_exhibitx10sxfy2014x10-k.htm
EX-10.R - EXHIBIT 10.R - TARGET CORPtgt_exhibitx10rx10-kxfy2014.htm
EXCEL - IDEA: XBRL DOCUMENT - TARGET CORPFinancial_Report.xls
10-K - 10-K - TARGET CORPtgt-20150131x10k.htm
EX-10.W - EXHIBIT 10.W - TARGET CORPtgt_exhibitx10wx10-kxfy2014.htm
Exhibit (12)


TARGET CORPORATION
Computations of Ratios of Earnings to Fixed Charges for each of the
Five Years in the Period Ended January 31, 2015

Ratio of Earnings to Fixed Charges
 
Fiscal Year Ended
(dollars in millions)
 
January 31, 2015

February 1, 2014

February 2, 2013

January 28, 2012

January 29, 2011

Earnings from continuing operations before income taxes
 
$3,653
$4,121
$5,056
$4,621
$4,495
Capitalized interest, net
 
(1
)
(14
)
(12
)
6

2

Adjusted earnings from continuing operations before income taxes
 
3,652

4,107

5,044

4,627

4,497

Fixed charges:
 
 
 
 
 
 
Interest expense (a)
 
619

641

721

750

776

Interest portion of rental expense
 
108

108

106

110

110

Total fixed charges
 
727

749

827

860

886

Earnings from continuing operations before income taxes and fixed charges (b)
 
$4,379
$4,856
$5,871
$5,487
$5,383
Ratio of earnings to fixed charges
 
6.02

6.48

7.10

6.38

6.08

(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.
(b)    Includes the impact of the loss on early retirement of debt and the gain on sale of our U.S. credit card receivables portfolio.



TARGET CORP Reports