Item 15. Exhibits, Financial Statement Schedules
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Item 15. Exhibits, Financial Statement Schedules
The following information required under this item is filed as part of this report:
| a) | Financial Statements |
| • | Consolidated Statements of Operations for the Years Ended January 28, 2017, January 30, 2016, and January 31, 2015 |
| • | Consolidated Statements of Comprehensive Income for the Years Ended January 28, 2017, January 30, 2016, and January 31, 2015 |
| • | Consolidated Statements of Financial Position at January 28, 2017 and January 30, 2016 |
| • | Consolidated Statements of Cash Flows for the Years Ended January 28, 2017, January 30, 2016, and January 31, 2015 |
| • | Consolidated Statements of Shareholders' Investment for the Years Ended January 28, 2017, January 30, 2016, and January 31, 2015 |
| • | Notes to Consolidated Financial Statements |
| • | Report of Independent Registered Public Accounting Firm on Consolidated Financial Statements |
| Financial Statement Schedules |
| None. |
| Other schedules have not been included either because they are not applicable or because the information is included elsewhere in this Report. |
| b) | Exhibits |
| (2)A | † | Asset Purchase Agreement dated June 12, 2015 between Target Corporation and CVS Pharmacy, Inc. (1) |
| (3)A | Amended and Restated Articles of Incorporation (as amended through June 9, 2010) (2) | |
| B | Bylaws (as amended through November 11, 2015) (3) | |
| (4)A | Indenture, dated as of August 4, 2000 between Target Corporation and Bank One Trust Company, N.A. (4) | |
| B | First Supplemental Indenture dated as of May 1, 2007 to Indenture dated as of August 4, 2000 between Target Corporation and The Bank of New York Trust Company, N.A. (as successor in interest to Bank One Trust Company N.A.) (5) | |
| C | Target agrees to furnish to the Commission on request copies of other instruments with respect to long-term debt. | |
| (10)A | * | Target Corporation Officer Short-Term Incentive Plan (6) |
| B | * | Target Corporation Long-Term Incentive Plan (as amended and restated effective June 8, 2011) (7) |
| C | * | Amended and Restated Target Corporation 2011 Long-Term Incentive Plan (8) |
| D | * | Target Corporation SPP I (2016 Plan Statement) (as amended and restated effective April 3, 2016) (9) |
| E | * | Target Corporation SPP II (2016 Plan Statement) (as amended and restated effective April 3, 2016) (10) |
| F | * | Target Corporation SPP III (2014 Plan Statement) (as amended and restated effective January 1, 2014) (11) |
| G | * | Amendment to Target Corporation SPP III (2014 Plan Statement) (effective April 3, 2016) (12) |
| H | * | Target Corporation Officer Deferred Compensation Plan (as amended and restated effective June 8, 2011) (13) |
| I | * | Target Corporation Officer EDCP (2017 Plan Statement) (as amended and restated effective May 1, 2017) |
| J | * | Target Corporation Deferred Compensation Plan Directors (14) |
| K | * | Target Corporation DDCP (2013 Plan Statement) (as amended and restated effective December 1, 2013) (15) |
| L | * | Target Corporation Officer Income Continuance Policy Statement (as amended and restated effective April 3, 2016) (16) |
| M | * | Target Corporation Executive Excess Long Term Disability Plan (as restated effective January 1, 2010 (17) |
| N | * | Director Retirement Program (18) |
| O | * | Target Corporation Deferred Compensation Trust Agreement (as amended and restated effective January 1, 2009) (19) |
| P | * | Amendment to Target Corporation Deferred Compensation Trust Agreement (as amended and restated effective January 1, 2009) (20) |
| Q | * | Form of Amended and Restated Executive Non-Qualified Stock Option Agreement (21) |
| R | * | Form of Executive Restricted Stock Unit Agreement - Cliff Vesting (22) |
| S | * | Form of Executive Restricted Stock Unit Agreement - Ratable Vesting |
| T | * | Form of Executive Performance-Based Restricted Stock Unit Agreement (23) |
| U | * | Form of Executive Performance Share Unit Agreement |
| V | * | Form of Non-Employee Director Non-Qualified Stock Option Agreement (24) |
| W | * | Form of Non-Employee Director Restricted Stock Unit Agreement (25) |
| X | * | Form of Cash Retention Award (26) |
| Y | Five-Year Credit Agreement dated as of October 5, 2016 among Target Corporation, Bank of America, N.A. as Administrative Agent and the Banks listed therein (27) | |
| Z | ‡ | Credit Card Program Agreement dated October 22, 2012 among Target Corporation, Target Enterprise, Inc. and TD Bank USA, N.A. (28) |
| AA | ‡ | First Amendment dated February 24, 2015 to Credit Card Program Agreement among Target Corporation, Target Enterprise, Inc. and TD Bank USA, N.A. (29) |
| BB | ‡ | Pharmacy Operating Agreement dated December 16, 2015 between Target Corporation and CVS Pharmacy, Inc. (30) |
| CC | ‡ | First Amendment dated November 30, 2016 to Pharmacy Operating Agreement between Target Corporation and CVS Pharmacy, Inc. |
| DD | * | Restricted Stock Unit Agreement with John J. Mulligan, effective as of May 22, 2014 (31) |
| EE | * | Employment Offer Letter to Brian C. Cornell, dated July 26, 2014 (32) |
| FF | * | Make-Whole Performance-Based Restricted Stock Unit Agreement with Brian C. Cornell, effective as of August 21, 2014 (33) |
| GG | * | Aircraft Time Sharing Agreement as of March 13, 2015 among Target Corporation and Brian C. Cornell (34) |
| HH | * | Advisory Role Letter to Timothy R. Baer dated July 11, 2016 (35) |
| II | * | Target Corporation Officer EDCP (2017 Plan Statement) (as amended and restated effective January 1, 2017) (36) |
| (12) | Statements of Computations of Ratios of Earnings to Fixed Charges | |
| (21) | List of Subsidiaries | |
| (23) | Consent of Independent Registered Public Accounting Firm | |
| (24) | Powers of Attorney | |
| (31)A | Certification of the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |
| (31)B | Certification of the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |
| (32)A | Certification of the Chief Executive Officer Pursuant to Section 18 U.S.C. Section 1350 Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | |
| (32)B | Certification of the Chief Financial Officer Pursuant to Section 18 U.S.C. Section 1350 Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | |
| 101.INS | XBRL Instance Document | |
| 101.SCH | XBRL Taxonomy Extension Schema | |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase | |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase | |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase | |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
Copies of exhibits will be furnished upon written request and payment of Registrant's reasonable expenses in furnishing the exhibits.
| † | Excludes the Seller Disclosure Schedule, Exhibits B through G and Schedules I and II referred to in the agreement which Target Corporation agrees to furnish supplementally to the Securities and Exchange Commission upon request. Exhibit A is separately filed as Exhibit (10)BB. |
| ‡ | Certain portions of this exhibit have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission. |
| * | Management contract or compensation plan or arrangement required to be filed as an exhibit to this Form 10-K. |
| (1) | Incorporated by reference to Exhibit (2)H to Target's Form 10-Q Report for the quarter ended August 1, 2015. |
| (2) | Incorporated by reference to Exhibit (3)A to Target's Form 8-K Report filed June 10, 2010. |
| (3) | Incorporated by reference to Exhibit (3)A to Target's Form 8-K Report filed November 12, 2015. |
| (4) | Incorporated by reference to Exhibit 4.1 to Target's Form 8-K Report filed August 10, 2000. |
| (5) | Incorporated by reference to Exhibit 4.1 to the Registrant's Form 8-K Report filed May 1, 2007. |
| (6) | Incorporated by reference to Appendix A to the Registrant's Proxy Statement filed April 30, 2012. |
| (7) | Incorporated by reference to Exhibit (10)B to Target's Form 10-Q Report for the quarter ended July 30, 2011. |
| (8) | Incorporated by reference to Exhibit (10)JJ to Target's Form 8-K Report filed June 12, 2015. |
| (9) | Incorporated by reference to Exhibit (10)C to Target's Form 10-Q Report for the quarter ended April 30, 2016. |
| (10) | Incorporated by reference to Exhibit (10)D to Target's Form 10-Q Report for the quarter ended April 30, 2016. |
| (11) | Incorporated by reference to Exhibit (10)E to Target's Form 10-K Report for the year ended February 1, 2014. |
| (12) | Incorporated by reference to Exhibit (10)NN to Target's Form 10-Q Report for the quarter ended April 30, 2016. |
| (13) | Incorporated by reference to Exhibit (10)F to Target's Form 10-Q Report for the quarter ended July 30, 2011. |
| (14) | Incorporated by reference to Exhibit (10)I to Target's Form 10-K Report for the year ended February 3, 2007. |
| (15) | Incorporated by reference to Exhibit (10)I to Target's Form 10-K Report for the year ended February 1, 2014. |
| (16) | Incorporated by reference to Exhibit (10)J to Target's Form 10-Q Report for the quarter ended April 30, 2016. |
| (17) | Incorporated by reference to Exhibit (10)A to Target's Form 10-Q Report for the quarter ended October 30, 2010. |
| (18) | Incorporated by reference to Exhibit (10)O to Target's Form 10-K Report for the year ended January 29, 2005. |
| (19) | Incorporated by reference to Exhibit (10)O to Target's Form 10-K Report for the year ended January 31, 2009. |
| (20) | Incorporated by reference to Exhibit (10)AA to Target's Form 10-Q Report for the quarter ended July 30, 2011. |
| (21) | Incorporated by reference to Exhibit (10)V to Target's Form 10-K Report for the year ended January 31, 2015. |
| (22) | Incorporated by reference to Exhibit (10)W to Target's Form 10-K Report for the year ended January 30, 2016. |
| (23) | Incorporated by reference to Exhibit (10)X to Target's Form 10-K Report for the year ended January 30, 2016. |
| (24) | Incorporated by reference to Exhibit (10)EE to Target's Form 8-K Report filed January 11, 2012. |
| (25) | Incorporated by reference to Exhibit (10)AA to Target's Form 10-K Report for the year ended January 30, 2016. |
| (26) | Incorporated by reference to Exhibit (10)W to Target’s Form 10-K Report for year ended February 2, 2013. |
| (27) | Incorporated by reference to Exhibit (10)O to Target's Form 10-Q Report for the quarter ended October 29, 2016. |
| (28) | Incorporated by reference to Exhibit (10)X to Target's Form 10-Q/A Report for the quarter ended May 4, 2013. |
| (29) | Incorporated by reference to Exhibit (10)II to Target's Form 10-Q Report for the quarter ended May 2, 2015. |
| (30) | Incorporated by reference to Exhibit (10)KK to Target's Form 10-K Report for the year ended January 30, 2016. |
| (31) | Incorporated by reference to Exhibit (10)BB to Target's Form 10-Q Report for the quarter ended August 2, 2014. |
| (32) | Incorporated by reference to Exhibit (10)CC to Target's Form 10-Q Report for the quarter ended August 2, 2014. |
| (33) | Incorporated by reference to Exhibit (10)EE to Target's Form 10-Q Report for the quarter ended August 2, 2014. |
| (34) | Incorporated by reference to Exhibit (10)HH to Target's Form 10-K Report for the year ended January 31, 2015. |
| (35) | Incorporated by reference to Exhibit (10)OO to Target's Form 10-Q Report for the quarter ended July 30, 2016. |
| (36) | Incorporated by reference to Exhibit (10)G to Target's 10-Q Report for the quarter ended October 29, 2016. |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, Target has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TARGET CORPORATION | ||
| By: | ![]() | |
| Dated: March 8, 2017 | Cathy R. Smith Executive Vice President and Chief Financial Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, the report has been signed below by the following persons on behalf of Target and in the capacities and on the dates indicated.
![]() | |
| Dated: March 8, 2017 | Brian C. Cornell Chairman of the Board and Chief Executive Officer |
![]() | |
| Dated: March 8, 2017 | Cathy R. Smith Executive Vice President and Chief Financial Officer |
![]() | |
| Dated: March 8, 2017 | Robert M. Harrison Senior Vice President, Chief Accounting Officer and Controller |
| ROXANNE S. AUSTIN DOUGLAS M. BAKER, JR. CALVIN DARDEN HENRIQUE DE CASTRO ROBERT L. EDWARDS MELANIE L. HEALEY | DONALD R. KNAUSS MONICA C. LOZANO MARY E. MINNICK ANNE M. MULCAHY DERICA W. RICE KENNETH L. SALAZAR | Constituting a majority of the Board of Directors |
Cathy R. Smith, by signing her name hereto, does hereby sign this document pursuant to powers of attorney duly executed by the Directors named, filed with the Securities and Exchange Commission on behalf of such Directors, all in the capacities and on the date stated.
| By: | ![]() | |
| Dated: March 8, 2017 | Cathy R. Smith Attorney-in-fact |
Exhibit Index
| Exhibit | Description | Manner of Filing |
| (2)A | Asset Purchase Agreement dated June 12, 2015 between Target Corporation and CVS Pharmacy, Inc. | Incorporated by Reference |
| (3)A | Amended and Restated Articles of Incorporation (as amended June 9, 2010) | Incorporated by Reference |
| (3)B | Bylaws (as amended through November 11, 2015) | Incorporated by Reference |
| (4)A | Indenture, dated as of August 4, 2000 between Target Corporation and Bank One Trust Company, N.A. | Incorporated by Reference |
| (4)B | First Supplemental Indenture dated as of May 1, 2007 to Indenture dated as of August 4, 2000 between Target Corporation and The Bank of New York Trust Company, N.A. (as successor in interest to Bank One Trust Company N.A.) | Incorporated by Reference |
| (4)C | Target agrees to furnish to the Commission on request copies of other instruments with respect to long-term debt. | Filed Electronically |
| (10)A | Target Corporation Officer Short-Term Incentive Plan | Incorporated by Reference |
| (10)B | Target Corporation Long-Term Incentive Plan (as amended and restated effective June 8, 2011) | Incorporated by Reference |
| (10)C | Amended and Restated Target Corporation 2011 Long-Term Incentive Plan | Incorporated by Reference |
| (10)D | Target Corporation SPP I (2016 Plan Statement) (as amended and restated effective April 3, 2016) | Incorporated by Reference |
| (10)E | Target Corporation SPP II (2016 Plan Statement) (as amended and restated effective April 3, 2016) | Incorporated by Reference |
| (10)F | Target Corporation SPP III (2014 Plan Statement) (as amended and restated effective January 1, 2014) | Incorporated by Reference |
| (10)G | Amendment to Target Corporation SPP III (2014 Plan Statement) (effective April 3, 2016) | Incorporated by Reference |
| (10)H | Target Corporation Officer Deferred Compensation Plan (as amended and restated effective June 8, 2011) | Incorporated by Reference |
| (10)I | Target Corporation Officer EDCP (2017 Plan Statement) (as amended and restated effective May 1, 2017) | Filed Electronically |
| (10)J | Target Corporation Deferred Compensation Plan Directors | Incorporated by Reference |
| (10)K | Target Corporation DDCP (2013 Plan Statement) (as amended and restated effective December 1, 2013) | Incorporated by Reference |
| (10)L | Target Corporation Officer Income Continuance Policy Statement (as amended and restated effective April 3, 2016) | Incorporated by Reference |
| (10)M | Target Corporation Executive Excess Long Term Disability Plan (as restated effective January 1, 2010) | Incorporated by Reference |
| (10)N | Director Retirement Program | Incorporated by Reference |
| (10)O | Target Corporation Deferred Compensation Trust Agreement (as amended and restated effective January 1, 2009) | Incorporated by Reference |
| (10)P | Amendment to Target Corporation Deferred Compensation Trust Agreement (as amended and restated effective January 1, 2009) | Incorporated by Reference |
| (10)Q | Form of Amended and Restated Executive Non-Qualified Stock Option Agreement | Incorporated by Reference |
| (10)R | Form of Executive Restricted Stock Unit Agreement - Cliff Vesting | Incorporated by Reference |
| (10)S | Form of Executive Restricted Stock Unit Agreement - Ratable Vesting | Filed Electronically |
| (10)T | Form of Executive Performance-Based Restricted Stock Unit Agreement | Incorporated by Reference |
| (10)U | Form of Executive Performance Share Unit Agreement | Filed Electronically |
| (10)V | Form of Non-Employee Director Non-Qualified Stock Option Agreement | Incorporated by Reference |
| (10)W | Form of Non-Employee Director Restricted Stock Unit Agreement | Incorporated by Reference |
| (10)X | Form of Cash Retention Award | Incorporated by Reference |
| (10)Y | Five-Year Credit Agreement dated as of October 5, 2016 among Target Corporation, Bank of America, N.A. as Administrative Agent and the Banks listed therein | Incorporated by Reference |
| (10)Z | Credit Card Program Agreement dated October 22, 2012 among Target Corporation, Target Enterprise, Inc. and TD Bank USA, N.A. | Incorporated by Reference |
| (10)AA | First Amendment dated February 24, 2015 to Credit Card Program Agreement among Target Corporation, Target Enterprise, Inc. and TD Bank USA, N.A. | Incorporated by Reference |
| (10)BB | Pharmacy Operating Agreement dated December 16, 2015 between Target Corporation and CVS Pharmacy, Inc. | Incorporated by Reference |
| (10)CC | First Amendment dated November 30, 2016 to Pharmacy Operating Agreement between Target Corporation and CVS Pharmacy, Inc. | Filed Electronically |
| (10)DD | Restricted Stock Unit Agreement with John J. Mulligan, effective as of May 22, 2014 | Incorporated by Reference |
| (10)EE | Employment Offer Letter to Brian C. Cornell, dated July 26, 2014 | Incorporated by Reference |
| (10)FF | Make-Whole Performance-Based Restricted Stock Unit Agreement with Brian C. Cornell, effective as of August 21, 2014 | Incorporated by Reference |
| (10)GG | Aircraft Time Sharing Agreement as of March 13, 2015 among Target Corporation and Brian C. Cornell | Incorporated by Reference |
| (10)HH | Advisory Role Letter to Timothy R. Baer dated July 11, 2016 | Incorporated by Reference |
| (10)II | Target Corporation Officer EDCP (2017 Plan Statement) (as amended and restated effective January 1, 2017) | Incorporated by Reference |
| (12) | Statements of Computations of Ratios of Earnings to Fixed Charges | Filed Electronically |
| (21) | List of Subsidiaries | Filed Electronically |
| (23) | Consent of Independent Registered Public Accounting Firm | Filed Electronically |
| (24) | Powers of Attorney | Filed Electronically |
| (31)A | Certification of the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | Filed Electronically |
| (31)B | Certification of the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | Filed Electronically |
| (32)A | Certification of the Chief Executive Officer Pursuant to Section 18 U.S.C. Section 1350 Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | Filed Electronically |
| (32)B | Certification of the Chief Financial Officer Pursuant to Section 18 U.S.C. Section 1350 Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | Filed Electronically |
| 101.INS | XBRL Instance Document | Filed Electronically |
| 101.SCH | XBRL Taxonomy Extension Schema | Filed Electronically |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase | Filed Electronically |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase | Filed Electronically |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase | Filed Electronically |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase | Filed Electronically |
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