Question

1. What is the responsibility of the independent registered public accounting firm, Ernst & Young, LLP, regarding Target's Consolidated Financial Statements?

2. What opinion does Ernst & Young , the independent auditor, express about Target's financial statements?

3.  What opinion does Ernst & Young about Target's internal controls?

4. What does Targets call its income statement?

Answer 1

1.

We have audited Target Corporation and subsidiaries' (the Corporation) internal control over financial reporting as ofJanuary 31, 2015, based on criteria established in Internal Control—Integrated Framework issued by the Committeeof Sponsoring Organizations of the Treadway Commission (2013 Framework) (the COSO criteria). The Corporation'smanagement is responsible for maintaining effective internal control over financial reporting, and for its assessment ofthe effectiveness of internal control over financial reporting included in the accompanying Report of Management onInternal Control over Financial Reporting. Our responsibility is to express an opinion on the Corporation's internalcontrol over financial reporting based on our audit.

2.In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidatedfinancial position of Target Corporation and subsidiaries at January 31, 2015 and February 1, 2014, and theconsolidated results of their operations and their cash flows for each of the three years in the period endedJanuary 31, 2015, in conformity with U.S. generally accepted accounting principles. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (UnitedStates), the Corporation's internal control over financial reporting as of January 31, 2015, based on criteriaestablished in Internal Control—Integrated Frameworkissued by the Committee of Sponsoring Organizations of theTreadway Commission (2013 Framework) and our report dated March 13, 2015, expressed an unqualified opinionthereon

3. Report of Management on Internal Control over Financial ReportingOur management is responsible for establishing and maintaining adequate internal control over financial reporting, assuch term is defined in Exchange Act Rules 13a-15(f). Under the supervision and with the participation of ourmanagement, including our chief executive officer and chief financial officer, we assessed the effectiveness of ourinternal control over financial reporting as of January 31, 2015, based on the framework in Internal Control—Integrated Framework (2013), issued by the Committee of Sponsoring Organizations of the Treadway Commission(2013 framework). Based on our assessment, we conclude that the Corporation's internal control over financialreporting is effective based on those criteria.Our internal control over financial reporting as of January 31, 2015, has been audited by Ernst & Young LLP, theindependent registered public accounting firm who has also audited our consolidated financial statements, as statedin their report which appears on this page.