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 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Accounts payable	13,053)	12,098)	13,487)	15,478)	12,859)	9,920)
Wages and benefits	1,597)	1,535)	1,319)	1,620)	1,677)	1,158)
Gift card liability, net of estimated breakage	1,209)	1,162)	1,240)	1,202)	1,035)	935)
Real estate, sales, and other taxes payable	708)	827)	772)	1,042)	1,103)	601)
Dividends payable	510)	508)	497)	424)	341)	333)
Current portion of operating lease liabilities	353)	329)	296)	254)	211)	200)
Income tax payable	334)	113)	—)	—)	—)	—)
Workers’ compensation and general liability	211)	192)	173)	169)	169)	155)
Interest payable	126)	122)	94)	77)	79)	69)
Other	1,062)	1,302)	1,492)	1,310)	1,507)	955)
Accrued and other current liabilities	6,110)	6,090)	5,883)	6,098)	6,122)	4,406)
Current portion of long-term debt and other borrowings	1,636)	1,116)	130)	171)	1,144)	161)
Current liabilities	20,799)	19,304)	19,500)	21,747)	20,125)	14,487)
Long-term debt and other borrowings, excluding current portion	14,304)	14,922)	16,009)	13,549)	11,536)	11,338)
Noncurrent operating lease liabilities	3,582)	3,279)	2,638)	2,493)	2,218)	2,275)
Deferred income taxes	2,303)	2,480)	2,196)	1,566)	990)	1,122)
Deferred compensation	628)	576)	550)	572)	549)	493)
Workers’ compensation and general liability	561)	458)	387)	350)	341)	310)
Deferred occupancy income	388)	419)	449)	479)	509)	539)
Income and other taxes payable	338)	272)	168)	139)	436)	194)
Pension benefits	31)	33)	37)	45)	57)	107)
Other	169)	181)	169)	44)	47)	81)
Other noncurrent liabilities	2,115)	1,939)	1,760)	1,629)	1,939)	1,724)
Noncurrent liabilities	22,304)	22,620)	22,603)	19,237)	16,683)	16,459)
Total liabilities	43,103)	41,924)	42,103)	40,984)	36,808)	30,946)
Common stock	38)	38)	38)	39)	42)	42)
Additional paid-in-capital	6,996)	6,761)	6,608)	6,421)	6,329)	6,226)
Retained earnings	8,090)	7,093)	5,005)	6,920)	8,825)	6,433)
Accumulated other comprehensive loss	(458)	(460)	(419)	(553)	(756)	(868)
Shareholders’ investment	14,666)	13,432)	11,232)	12,827)	14,440)	11,833)
Total liabilities and shareholders’ investment	57,769)	55,356)	53,335)	53,811)	51,248)	42,779)

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).

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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 2023 to 2024 but then increased from 2024 to 2025 exceeding 2023 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Target Corp. noncurrent liabilities increased from 2023 to 2024 but then decreased significantly from 2024 to 2025.
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 decreased from 2023 to 2024 but then increased from 2024 to 2025 exceeding 2023 level.
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 increased from 2023 to 2024 and from 2024 to 2025.

Target Corp. (NYSE:TGT)

Balance Sheet: Liabilities and Stockholders’ Equity