Analysis of Debt
Total Debt (Carrying Amount)
Target Corp., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).
| Debt item | Description | The company |
|---|---|---|
| Total long-term debt and other borrowings, including current portion (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Target Corp. total debt decreased from 2023 to 2024 and from 2024 to 2025. |
Total Debt (Fair Value)
| Feb 1, 2025 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Notes and debentures | 12,953) |
| Finance lease liabilities | 2,161) |
| Total long-term debt and other borrowings, including current portion (fair value) | 15,114) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.95 |
Based on: 10-K (reporting date: 2025-02-01).
Weighted-average Interest Rate on Debt
Weighted average interest rate on long-term debt and other borrowings: 3.77%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 2.70% | 4,671) | 126) | |
| 4.10% | 3,965) | 163) | |
| 6.80% | 938) | 64) | |
| 4.00% | 1,089) | 44) | |
| 3.80% | 1,120) | 43) | |
| 3.90% | 2,121) | 83) | |
| 3.88% | 2,161) | 84) | |
| Total | 16,065) | 605) | |
| 3.77% | |||
Based on: 10-K (reporting date: 2025-02-01).
1 US$ in millions
2 Weighted-average interest rate = 100 × 605 ÷ 16,065 = 3.77%