2.0.0.10 false Share Repurchase 1240 - Disclosure - Share Repurchase true false false false 1 usd $ false false shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDPerShare Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 Notes to Consolidated Financial Statements 0 tgt_NotesToConsolidatedFinancialStatementsAbstract tgt false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 Share Repurchase 1 us-gaap_ScheduleOfTreasuryStockByClassTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> 24. Share Repurchase         In November 2007, our Board of Directors approved a share repurchase program totaling $10 billion that replaced a prior program. In November 2008, we announced that, in light of our business outlook, we were temporarily suspending our open-market share repurchase program. In January 2010, we resumed open-market purchases of shares under this program.         Share repurchases for the last three years, repurchased primarily through open market transactions, were as follows: <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 0%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative; TEXT-ALIGN: left">   <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: arial" align="left"></td> <td style="FONT-FAMILY: arial" width="12"></td> <td style="FONT-FAMILY: arial" align="right" width="4"></td> <td style="FONT-FAMILY: arial" width="98"></td> <td style="FONT-FAMILY: arial" width="18"></td> <td style="FONT-FAMILY: arial" align="right" width="6"></td> <td style="FONT-FAMILY: arial" width="98"></td> <td style="FONT-FAMILY: arial" width="18"></td> <td style="FONT-FAMILY: arial" align="right" width="6"></td> <td style="FONT-FAMILY: arial" width="98"></td> <td style="FONT-FAMILY: arial" width="12"></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: arial" valign="bottom" colspan="10"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: arial" align="left">Share Repurchases (millions, except per share data) </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="right" colspan="2">Total Number of Shares Purchased </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="right" colspan="2">Average Price Paid per Share </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="right" colspan="2">Total Investment </th> <th style="FONT-FAMILY: arial"> </th></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: arial" valign="bottom" colspan="10"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: arial"> 2007  Under a prior program</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">19.7</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">$</td> <td style="FONT-FAMILY: arial" align="right">60.72</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">$</td> <td style="FONT-FAMILY: arial" align="right">1,197</td> <td style="FONT-FAMILY: arial"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: arial"> 2007  Under the 2007 program</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">26.5</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">54.64</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">1,445</td> <td style="FONT-FAMILY: arial"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: arial"> 2008</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">67.2</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">50.49</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">3,395</td> <td style="FONT-FAMILY: arial"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: arial"> 2009</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">9.9</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">48.54</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">479</td> <td style="FONT-FAMILY: arial"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: arial" valign="bottom" colspan="10"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: arial"> Total</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">123.3</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">$</td> <td style="FONT-FAMILY: arial" align="right">52.85</td> <td style="FONT-FAMILY: arial"> </td> <td style="FONT-FAMILY: arial" align="right">$</td> <td style="FONT-FAMILY: arial" align="right">6,516</td> <td style="FONT-FAMILY: arial"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="BORDER-BOTTOM: #000000 2.25pt solid; FONT-FAMILY: arial" valign="bottom" colspan="10"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr></table> </div>         Of the shares reacquired and included above, a portion was delivered upon settlement of prepaid forward contracts. The prepaid forward contracts settled in 2009 had a total cash investment of $56 million and an aggregate market value of $60 million at their respective settlement dates. The prepaid forward contracts settled in 2008 had a total cash investment of $249 million and an aggregate market value of $251 million at their respective settlement dates. The prepaid forward contracts settled in 2007 had a total cash investment of $165 million and an aggregate market value of $215 million at their respective settlement dates. These contracts are among the investment vehicles used to reduce our economic exposure related to our nonqualified deferred compensation plans. The details of our positions in prepaid forward contracts have been provided in Note 26.         Our share repurchases during 2008 included 30 million shares that were acquired through the exercise of call options. <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 0%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative; TEXT-ALIGN: left">   <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: arial" align="left"></td> <td style="FONT-FAMILY: arial" width="12"></td> <td style="FONT-FAMILY: arial" align="right" width="6"></td> <td style="FONT-FAMILY: arial" width="61"></td> <td style="FONT-FAMILY: arial" width="12"></td> <td style="FONT-FAMILY: arial" align="right" width="6"></td> <td style="FONT-FAMILY: arial" width="58"></td> <td style="FONT-FAMILY: arial" width="12"></td> <td style="FONT-FAMILY: arial" align="right" width="6"></td> <td style="FONT-FAMILY: arial" width="68"></td> <td style="FONT-FAMILY: arial" width="12"></td> <td style="FONT-FAMILY: arial" align="right" width="6"></td> <td style="FONT-FAMILY: arial" width="63"></td> <td style="FONT-FAMILY: arial" width="12"></td> <td style="FONT-FAMILY: arial" align="right" width="6"></td> <td style="FONT-FAMILY: arial" width="51"></td> <td style="FONT-FAMILY: arial" width="12"></td> <td style="FONT-FAMILY: arial" align="right" width="6"></td> <td style="FONT-FAMILY: arial" width="55"></td> <td style="FONT-FAMILY: arial" width="12"></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: arial" valign="bottom" colspan="19"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: arial" align="left" colspan="19">Call Option Repurchase Details </th> <th style="FONT-FAMILY: arial"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: arial" align="left">  </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="left" colspan="2">  </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="left" colspan="2">  </th> <th style="FONT-FAMILY: arial" rowspan="2"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: arial" align="center" colspan="8" rowspan="2">(amounts per share) </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="left" colspan="2">  </th> <th style="FONT-FAMILY: arial"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: arial" align="left">  </th> <th style="FONT-FAMILY: arial" rowspan="2"> </th> <th style="FONT-FAMILY: arial" align="right" colspan="2" rowspan="2">Number of Options Exercised </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="left" colspan="2">  </th> <th style="FONT-FAMILY: arial" rowspan="2"> </th> <th style="FONT-FAMILY: arial" align="center" colspan="2" rowspan="2">Total Cost (millions) </th> <th style="FONT-FAMILY: arial"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: arial" align="left">Series </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="right" colspan="2">Exercise Date </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="center" colspan="2">Premium (a) </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="center" colspan="2">Strike Price </th> <th style="FONT-FAMILY: arial"> </th> <th style="FONT-FAMILY: arial" align="center" colspan="2">Total </th> <th style="FONT-FAMILY: arial"> </th></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: arial" valign="bottom" colspan="19"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: arial" valign="bottom"> Series I</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">10,000,000</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">April 2008</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">11.04</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">40.32</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">51.36</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">514</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: arial" valign="bottom"> Series II</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">10,000,000</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">May 2008</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">10.87</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">39.31</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">50.18</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">502</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: arial" valign="bottom"> Series III</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">10,000,000</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">June 2008</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">11.20</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">39.40</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">50.60</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">506</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: arial" valign="bottom" colspan="19"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: arial" valign="bottom"> Total</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">30,000,000</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">11.04</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">39.68</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">50.71</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: arial" valign="bottom" align="right">1,522</td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="BORDER-BOTTOM: #000000 2.25pt solid; FONT-FAMILY: arial" valign="bottom" colspan="19"> </td> <td style="FONT-FAMILY: arial" valign="bottom"> </td></tr></table> </div> <dl compact="compact"> <dt style="MARGIN-BOTTOM: -9pt; FONT-FAMILY: arial">(a)</dt> <dd style="FONT-FAMILY: arial; TEXT-ALIGN: justify">Paid in January 2008.</dd></dl></td></tr></table> 24. Share Repurchase         In November 2007, our Board of Directors approved a share repurchase program totaling false false false This element may be used to capture the complete disclosure pertaining to an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's Board of Directors, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true