Target 2013 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 2013 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 82

  • 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

32
As more fully described in Note 13 and Note 25 of the Notes to Consolidated Financial Statements, we are exposed
to market returns on accumulated team member balances in our nonqualified, unfunded deferred compensation plans.
We control the risk of offering the nonqualified plans by making investments in life insurance contracts and prepaid
forward contracts on our own common stock that offset a substantial portion of our economic exposure to the returns
on these plans. The annualized effect of a one percentage point change in market returns on our nonqualified defined
contribution plans (inclusive of the effect of the investment vehicles used to manage our economic exposure) would
not be significant.
There have been no other material changes in our primary risk exposures or management of market risks since the
prior year.