Target 2010 Annual Report Download - page 56

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Consolidated Statements of Financial Position
January 29, January 30,
(millions, except footnotes) 2011 2010
Assets
Cash and cash equivalents, including marketable securities of $1,129 and $1,617 $ 1,712 $ 2,200
Credit card receivables, net of allowance of $690 and $1,016 6,153 6,966
Inventory 7,596 7,179
Other current assets 1,752 2,079
Total current assets 17,213 18,424
Property and equipment
Land 5,928 5,793
Buildings and improvements 23,081 22,152
Fixtures and equipment 4,939 4,743
Computer hardware and software 2,533 2,575
Construction-in-progress 567 502
Accumulated depreciation (11,555) (10,485)
Property and equipment, net 25,493 25,280
Other noncurrent assets 999 829
Total assets $ 43,705 $ 44,533
Liabilities and shareholders’ investment
Accounts payable $ 6,625 $ 6,511
Accrued and other current liabilities 3,326 3,120
Unsecured debt and other borrowings 119 796
Nonrecourse debt collateralized by credit card receivables —900
Total current liabilities 10,070 11,327
Unsecured debt and other borrowings 11,653 10,643
Nonrecourse debt collateralized by credit card receivables 3,954 4,475
Deferred income taxes 934 835
Other noncurrent liabilities 1,607 1,906
Total noncurrent liabilities 18,148 17,859
Shareholders’ investment
Common stock 59 62
Additional paid-in-capital 3,311 2,919
Retained earnings 12,698 12,947
Accumulated other comprehensive loss (581) (581)
Total shareholders’ investment 15,487 15,347
Total liabilities and shareholders’ investment $ 43,705 $ 44,533
Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 704,038,218 shares issued and outstanding at January 29, 2011;
744,644,454 shares issued and outstanding at January 30, 2010.
Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding at January 29, 2011 or January 30, 2010.
See accompanying Notes to Consolidated Financial Statements.
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