Share-Based Compensation (Tables)

12 Months Ended

Feb. 02, 2013

Share-Based Compensation

Summary of stock option activity

Stock Option Activity		Stock Options


		Total Outstanding									Exercisable
		Number of Options (a)			Exercise Price (b)			Intrinsic Value (c)			Number of Options (a)			Exercise Price (b)			Intrinsic Value (c)

January 28, 2012			38,154		$	47.59		$	166			23,283		$	47.06		$	121
Granted			5,063			60.57
Expired/forfeited			(971	)		49.15
Exercised/issued			(7,788	)		42.55

February 2, 2013			34,458		$	50.60		$	366			21,060		$	48.25		$	273

(a): In thousands.
(b): Weighted average per share.
(c): Represents stock price appreciation subsequent to the grant date, in millions.

Black Scholes model valuation assumptions

Black-Scholes Model Valuation Assumptions		2012			2011			2010



Dividend yield			2.4	%		2.5	%		1.8	%
Volatility (a)			23	%		27	%		26	%
Risk-free interest rate (b)			1.0	%		1.0	%		2.1	%
Expected life in years (c)			5.5			5.5			5.5
Stock options grant date fair value		$	9.70		$	9.20		$	12.51

(a): Volatility represents an average of market estimates for implied volatility of Target common stock.
(b): The risk-free interest rate is an interpolation of the relevant U.S. Treasury security maturities as of each applicable grant date.
(c): The expected life is estimated based on an analysis of options already exercised and any foreseeable trends or changes in recipients' behavior.

Stock Option Exercises

Stock Option Exercises (millions)		2012			2011			2010



Cash received for exercise price		$	331		$	93		$	271
Intrinsic value			139			27			132
Income tax benefit			55			11			52

Performance Share Unit Activity

Performance Share Unit Activity		Total Nonvested Units


		Performance Share Units (a)			Grant Date Price (b)

January 28, 2012			1,552		$	39.93
Granted			422			58.61
Forfeited			(135	)		31.53
Vested			(583	)		27.19

February 2, 2013			1,256		$	51.53

(a): Assumes attainment of maximum payout rates as set forth in the performance criteria based in thousands of share units. Applying actual or expected payout rates, the number of outstanding units at February 2, 2013 was 876 thousand.
(b): Weighted average per unit.

Restricted stock activity

Restricted Stock Activity		Total Nonvested Units


		Restricted Stock (a)			Grant Date Price (b)

January 28, 2012			1,610		$	50.76
Granted			1,540			60.44
Forfeited			(41	)		53.88
Vested			(214	)		50.76

February 2, 2013			2,895		$	56.12

(a): Represents the number of restricted stock units and restricted stock awards, in thousands.
(b): Weighted average per unit.