Assignment
Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 3, 2018. This material also is available under the Investor Relations link at the company's website.
Task:
Target has both defined contribution and defined benefit pension plan. In Note 28 "Pension and Postretirement Health Care Plans," Target describes its defined benefit plans. After reviewing Targets Financial Reports and Disclosures, answer the following questions:
1) What were the changes in Target's Projected Benefits Obligation in the fiscal years ended February 3, 2018 (fiscal 2017), and January 28, 2017 (fiscal 2016), for its qualified pension plans?
2) What were the changes in Target's Pension Plan Assets in the fiscal years ended February 3, 2018, and January 28, 2017, for its qualified pension plans?
3) Were these pension plans overfunded or underfunded for the fiscal years ended February 3, 2018, and January 28, 2017?
4) What were the components of Target's Pension Expense in the fiscal years 2017, 2016, and 2015?
5) In conclusion, what suggested solutions will you recommend to ensure pension plans are properly funded?
Format your assignment according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.