Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Target Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Accounts payable	12,098)	13,487)	15,478)	12,859)	9,920)	9,761)
Wages and benefits	1,535)	1,319)	1,620)	1,677)	1,158)	1,229)
Gift card liability, net of estimated breakage	1,162)	1,240)	1,202)	1,035)	935)	840)
Real estate, sales, and other taxes payable	827)	772)	1,042)	1,103)	601)	601)
Dividends payable	508)	497)	424)	341)	333)	331)
Current portion of operating lease liabilities	329)	296)	254)	211)	200)	166)
Workers’ compensation and general liability	192)	173)	169)	169)	155)	142)
Interest payable	122)	94)	77)	79)	69)	62)
Other	1,415)	1,492)	1,310)	1,507)	955)	830)
Accrued and other current liabilities	6,090)	5,883)	6,098)	6,122)	4,406)	4,201)
Current portion of long-term debt and other borrowings	1,116)	130)	171)	1,144)	161)	1,052)
Current liabilities	19,304)	19,500)	21,747)	20,125)	14,487)	15,014)
Long-term debt and other borrowings, excluding current portion	14,922)	16,009)	13,549)	11,536)	11,338)	10,223)
Noncurrent operating lease liabilities	3,279)	2,638)	2,493)	2,218)	2,275)	2,004)
Deferred income taxes	2,480)	2,196)	1,566)	990)	1,122)	972)
Deferred compensation	576)	550)	572)	549)	493)	472)
Workers’ compensation and general liability	458)	387)	350)	341)	310)	281)
Deferred occupancy income	419)	449)	479)	509)	539)	570)
Income and other taxes payable	272)	168)	139)	436)	194)	312)
Pension benefits	33)	37)	45)	57)	107)	40)
Other	181)	169)	44)	47)	81)	105)
Other noncurrent liabilities	1,939)	1,760)	1,629)	1,939)	1,724)	1,780)
Noncurrent liabilities	22,620)	22,603)	19,237)	16,683)	16,459)	14,979)
Total liabilities	41,924)	42,103)	40,984)	36,808)	30,946)	29,993)
Common stock	38)	38)	39)	42)	42)	43)
Additional paid-in-capital	6,761)	6,608)	6,421)	6,329)	6,226)	6,042)
Retained earnings	7,093)	5,005)	6,920)	8,825)	6,433)	6,017)
Accumulated other comprehensive loss	(460)	(419)	(553)	(756)	(868)	(805)
Shareholders’ investment	13,432)	11,232)	12,827)	14,440)	11,833)	11,297)
Total liabilities and shareholders’ investment	55,356)	53,335)	53,811)	51,248)	42,779)	41,290)

Based on: 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), 10-K (reporting date: 2019-02-02).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Target Corp. current liabilities decreased from 2022 to 2023 and from 2023 to 2024.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Target Corp. noncurrent liabilities increased from 2022 to 2023 and from 2023 to 2024.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Target Corp. total liabilities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Shareholders’ investment	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Target Corp. shareholders’ investment decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Target Corp. (NYSE:TGT)

Balance Sheet: Liabilities and Stockholders’ Equity