Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name TARGET CORP
CIK 0000027419
Accession number 0000027419-14-000014
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/27419/000002741914000014/tgt-20140201.xml
Fiscal year end --02-01
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2014-02-01
Current year-to-date income statement start date 2013-02-03
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Net Deferred Tax Asset/(Liability)
(millions)
February 1,
2014

February 2,
2013

Gross deferred tax assets:
 
 
Accrued and deferred compensation
$
509

$
537

Foreign operating loss carryforward
394

189

Accruals and reserves not currently deductible
348

352

Self-insured benefits
231

249

Other
193

123

Allowance for doubtful accounts and lower of cost or fair value adjustment on credit card receivables held for sale
—

67

Total gross deferred tax assets
1,675

1,517

Gross deferred tax liabilities:
 
 
Property and equipment
(2,062
)
(1,995
)
Inventory
(270
)
(210
)
Other
(130
)
(133
)
Deferred credit card income
—

(91
)
Total gross deferred tax liabilities
(2,462
)
(2,429
)
Total net deferred tax asset/(liability)
$
(787
)
$
(912
)

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 1,675,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance 0
Deferred tax assets, net 1,675,000,000
Deferred tax liabilities -2,462,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -787,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 177,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -1,433,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -787,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 1,675,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -2,462,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -787,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

*

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