Business Segment Comparisons (millions) 2003 2002 2001 2000* 1999 1998 Revenues Target $41,346 $36,917 $32,588 $29,278 $26,080 $23,014 MervynGLYPH<213>s 3,553 3,816 4,027 4,142 4,087 4,140 Marshall FieldGLYPH<213>s 2,584 2,691 2,778 2,969 3,041 3,047 Other 680 493 433 462 449 434 Total revenues $48,163 $43,917 $39,826 $36,851 $33,657 $30,635 Pre-tax segment profit and earnings reconciliation Target $ 3,467 $ 3,088 $ 2,546 $ 2,223 $ 2,022 $ 1,578 MervynGLYPH<213>s 160 238 286 269 205 240 Marshall FieldGLYPH<213>s 107 135 133 190 296 279 Total pre-tax segment profit $ 3,734 $ 3,461 $ 2,965 $ 2,682 $ 2,523 $ 2,097 LIFO provision (expense)/credit 27 12 (8) (4) 7 18 Securitization adjustments: Loss — — (67) — — (3) Interest equivalent — — (27) (50) (49) (48) Interest expense (559) (588) (473) (426) (459) (442) Mainframe outsourcing — — — — (5) (42) Other (242) (209) (183) (149) (148) (69) Earnings before income taxes $ 2,960 $ 2,676 $ 2,207 $ 2,053 $ 1,869 $ 1,511 Assets Target $25,525 $22,752 $18,515 $14,348 $12,048 $10,475 MervynGLYPH<213>s 2,243 2,270 2,379 2,270 2,248 2,339 Marshall FieldGLYPH<213>s 2,153 2,202 2,284 2,114 2,149 2,123 Other 1,471 1,379 976 758 698 729 Total assets $31,392 $28,603 $24,154 $19,490 $17,143 $15,666 Depreciation and amortization Target $ 1,055 $ 925 $ 784 $ 660 $ 567 $ 496 MervynGLYPH<213>s 106 122 126 131 138 138 Marshall FieldGLYPH<213>s 115 125 135 133 133 135 Other 44 40 34 16 16 11 Total depreciation and amortization $ 1,320 $ 1,212 $ 1,079 $ 940 $ 854 $ 780 Capital expenditures Target $ 2,690 $ 2,966 $ 2,901 $ 2,244 $ 1,665 $ 1,352 MervynGLYPH<213>s 145 110 104 106 108 169 Marshall FieldGLYPH<213>s 141 105 125 143 124 127 Other 28 40 33 35 21 9 Total capital expenditures $ 3,004 $ 3,221 $ 3,163 $ 2,528 $ 1,918 $ 1,657 Segment net assets and shareholdersGLYPH<213> equity reconciliation Target $19,514 $17,491 $13,812 $10,659 $ 8,413 $ 7,302 MervynGLYPH<213>s 1,757 1,749 1,868 1,928 1,908 2,017 Marshall FieldGLYPH<213>s 1,754 1,822 1,764 1,749 1,795 1,785 Other 675 636 477 463 428 470 Total net assets $23,700 $21,698 $17,921 $14,799 $12,544 $11,574 Securitized receivables — — — (753) (753) (753) Marketable securities 244 357 84 — — 44 Current portion of long-term debt and notes payable (866) (975) (905) (857) (498) (256) Long-term debt (10,217) (10,186) (8,088) (5,634) (4,521) (4,452) Deferred income taxes and other (1,796) (1,451) (1,152) (1,036) (910) (846) Total shareholdersGLYPH<213> equity $11,065 $ 9,443 $ 7,860 $ 6,519 $ 5,862 $ 5,311 Each operating segmentGLYPH<213>s assets and operating results include accounts receivable and receivable-backed securities held by Target Receivables Corporation and Retailers National Bank, as well as related income and expense. *Consisted of 53 weeks. 38