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Use Targets financial statements and prepare an analysis of cash for the three most recent years.

Consolidated Statements of Cash Flows 2018 2017 2016 As Adjusted As Adjusted $ 2,937 $ 7 2,930 2,914 $ 6 2,908 2,734 68 2,666 2,474 132 322 2,318 113 2,476 112 (188) 123 208 40 422 (11) 95 (900) (299) 1,127 89 5,970 3 5,973 (348) (156) 1,307 419 6,861 74 6,935 293 56 (166) (394) 5,337 107 5,444 (millions) Operating activities Net earnings Earnings from discontinued operations, net of tax Net earnings from continuing operations Adjustments to reconcile net earnings to cash provided by operations: Depreciation and amortization Share-based compensation expense Deferred income taxes Loss on debt extinguishment Noncash losses/ (gains) and other, net Changes in operating accounts: Inventory Other assets Accounts payable Accrued and other liabilities Cash provided by operating activities-continuing operations Cash provided by operating activitiesdiscontinued operations Cash provided by operations Investing activities Expenditures for property and equipment Proceeds from disposal of property and equipment Cash paid for acquisitions, net of cash assumed Other investments Cash required for investing activities Financing activities Additions to long-term debt Reductions of long-term debt Dividends paid Repurchase of stock Stock option exercises Cash required for financing activities Net (decrease) /increase in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental information Interest paid, net of capitalized interest Income taxes paid Leased assets obtained in exchange for new finance lease liabilities Leased assets obtained in exchange for new operating lease liabilities (3,516) 85 (1,547) 46 (2,533) 31 (518) (55) (3,075) 15 (3,416) 28 (1,473) (281) (1,335) (2,124) 96 (3,644) (1,087) 2,643 1,556 $ 739 (2,192) (1,338) (1,046) 108 (3,729) 131 2,512 2,643 $ 1,977 (2,649) (1,348) (3,706) 221 (5,505) (1,534) 4,046 2,512 476 $ 373 130 246 678 $ 934 139 212 999 1,514 252 148 See accompanying Notes to Consolidated Financial Statements. Refer to Note 2 regarding the adoption of new accounting standards for revenue recognition, leases, and pensions. 38

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