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Share-Based Compensation (Tables)
12 Months Ended
Feb. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
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)

February 2, 2013
34,458

$
50.60

$
366

 
21,060

$
48.25

$
273

Granted
226

69.56

 

 
 

 

 

Expired/forfeited
(745
)
53.14

 

 
 

 

 

Exercised/issued
(9,085
)
46.51

 

 
 

 

 

February 1, 2014
24,854

$
52.19

$
136

 
16,824

$
50.64

$
109


(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
2013

2012

2011

Dividend yield
2.4
%
2.4
%
2.5
%
Volatility (a)
22
%
23
%
27
%
Risk-free interest rate (b)
1.4
%
1.0
%
1.0
%
Expected life in years (c)
5.5

5.5

5.5

Stock options grant date fair value
$ 11.14
$ 9.70
$ 9.20
(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)
2013

2012

2011

Cash received for exercise price
$
422

$
331

$
93

Intrinsic value
197

139

27

Income tax benefit
77

55

11

Performance Share Unit Activity
Performance Share Unit Activity
Total Nonvested Units
 
Performance
Share Units (a)

Grant Date
Fair Value (b)

February 2, 2013
1,256

$
51.53

Granted
2,036

57.22

Forfeited
(145
)
56.42

Vested
(277
)
51.49

February 1, 2014
2,870

$
55.37

(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 1, 2014 was 1,515 thousand.
(b) 
Weighted average per unit.
Restricted stock activity
Restricted Stock Activity
Total Nonvested Units
 
Restricted
Stock (a)

Grant Date
Fair Value (b)

February 2, 2013
2,895

$
56.12

Granted
1,686

62.76

Forfeited
(130
)
57.19

Vested
(516
)
54.26

February 1, 2014
3,935

$
58.98

(a) 
Represents the number of restricted stock units, in thousands. For performance-based restricted stock units, 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 restricted stock units at February 1, 2014 was 3,551 thousand.
(b) 
Weighted average per unit.