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Exhibit 12

TARGET CORPORATION
Computations of Ratios of Earnings to Fixed Charges for each of the
Five Years in the Period Ended February 2, 2013

	Fiscal Year Ended
Ratio of Earnings to Fixed Charges
(millions)	February 2, 2013			January 28, 2012		January 29, 2011		January 30, 2010			January 31, 2009
Earnings from continuing operations before income taxes	$	4,609		$	4,456	$	4,495	$	3,872		$	3,536
Capitalized interest, net		(12	)		5		2		(9	)		(48	)
Adjusted earnings from continuing
operations before income taxes		4,597			4,461		4,497		3,863			3,488
Fixed charges:
Interest expense (a)		799			797		776		830			956
Interest portion of rental expense		111			111		110		105			103
Total fixed charges		910			908		886		935			1,059
Earnings from continuing operations before income taxes and fixed charges	$	5,507		$	5,369	$	5,383	$	4,798		$	4,547
Ratio of earnings to fixed charges		6.05			5.91		6.08		5.13			4.29

(a)

Includes interest on debt and capital leases (including capitalized interest) and amortization of debt issuance costs. Excludes interest income and interest associated with unrecognized tax benefit liabilities, which is recorded within income tax expense.

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Exhibit 12

TARGET CORPORATION Computations of Ratios of Earnings to Fixed Charges for each of the Five Years in the Period Ended February 2, 2013