Supplier Finance Programs

12 Months Ended

Feb. 01, 2025

We have arrangements with several financial institutions to act as our paying agents to certain vendors. The arrangements also permit the financial institutions to provide vendors with an option, at our vendors' sole discretion, to sell their receivables from Target to the financial institutions. A vendor’s election to receive early payment at a discounted amount from the financial institutions does not change the amount that we must remit to the financial institutions or our payment date, which is up to 120 days from the invoice date.

We do not pay any fees or pledge any security to these financial institutions under these arrangements. The arrangements can be terminated by either party with notice ranging up to 120 days.

Our outstanding vendor obligations eligible for early payment, which are included within Accounts Payable on our Consolidated Statements of Financial Position, do not represent actual receivables sold by our vendors to the financial institutions, which have historically been lower.


Confirmed Obligations Outstanding (millions)	February 3, 2024		Invoices Confirmed During the Year		Confirmed Invoices Paid During the Year		February 1, 2025
Vendor obligations eligible for early payment	$	3,398	$	13,806	$	(13,538)	$	3,666