TGT-2013.11.02-Exhibit 12

Exhibit (12)

TARGET CORPORATION

Computations of Ratios of Earnings to Fixed Charges for the

Nine Months Ended November 2, 2013 and October 27, 2012

and for the Most Recent Five Fiscal Years



Ratio of Earnings to Fixed Charges	Nine Months Ended				Fiscal Year Ended
(dollars in millions)	Nov 2, 2013		Oct 27, 2012		Feb 2, 2013		Jan 28, 2012	Jan 29, 2011	Jan 30, 2010		Jan 31, 2009
Earnings from continuing operations before income taxes	2,278		$3,145		$4,609		$4,456	$4,495	$3,872		$3,536
Capitalized interest, net	(10	)	(7	)	(12	)	5	2	(9	)	(48	)
Adjusted earnings from continuing operations before income taxes	2,268		3,138		4,597		4,461	4,497	3,863		3,488
Fixed charges:
Interest expense ^(a)	547		585		799		797	776	830		956
Interest portion of rental expense	82		84		111		111	110	105		103
Total fixed charges	629		669		910		908	886	935		1,059
Earnings from continuing operations before income taxes and fixed charges ^(b)	$2,897		$3,807		$5,507		$5,369	$5,383	$4,798		$4,547
Ratio of earnings to fixed charges	4.60		5.69		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, the loss on early retirement of debt and interest associated with uncertain tax positions, which is recorded within income tax expense.

^(b) Includes the impact of the loss on early retirement of debt and the gain on sale of our U.S. credit card receivables portfolio.