Target 2010 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2010 Target annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 103

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103

Consolidated Statements of Shareholders’ Investment
Accumulated Other
Comprehensive
Income/(Loss)
Pension and Derivative
Other Instruments,
Common Stock Additional Benefit Foreign
Stock Par Paid-in Retained Liability Currency
(millions, except footnotes) Shares Value Capital Earnings Adjustments and Other Total
February 2, 2008 818.7 $68 $2,656 $12,761 $(134) $(44) $15,307
Net earnings 2,214 2,214
Other comprehensive income/(loss)
Pension and other benefit liability
adjustments, net of taxes of
$242 — — (376) — (376)
Net change on cash flow hedges,
net of taxes of $2 —— — — (2) (2)
Total comprehensive income 1,836
Dividends declared (471) (471)
Repurchase of stock (67.2) (5) (3,061) (3,066)
Stock options and awards 1.2 106 106
January 31, 2009 752.7 $63 $2,762 $11,443 $(510) $(46) $13,712
Net earnings 2,488 2,488
Other comprehensive income/(loss)
Pension and other benefit liability
adjustments, net of taxes of $17 (27) (27)
Net change on cash flow hedges,
net of taxes of $2 —— — — 44
Currency translation adjustment,
net of taxes of $0 —— — — (2) (2)
Total comprehensive income 2,463
Dividends declared (503) (503)
Repurchase of stock (9.9) (1) (481) (482)
Stock options and awards 1.8 157 157
January 30, 2010 744.6 $62 $2,919 $12,947 $(537) $(44) $15,347
Net earnings 2,920 — 2,920
Other comprehensive income/(loss)
Pension and other benefit liability
adjustments, net of taxes of $4 —— — — (4) — (4)
Net change on cash flow hedges,
net of taxes of $2 —— 3 3
Currency translation adjustment,
net of taxes of $1 —— 1 1
Total comprehensive income 2,920
Dividends declared (659) — (659)
Repurchase of stock (47.8) (4) (2,510) — (2,514)
Stock options and awards 7.2 1 392 — 393
January 29, 2011 704.0 $59 $3,311 $12,698 $(541) $(40) $15,487
Dividends declared per share were $0.92, $0.67 and $0.62 in 2010, 2009 and 2008, respectively.
See accompanying Notes to Consolidated Financial Statements.
36