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, are available in Connect. This material is also available under the Investor Relations link at the company’s website (www.target.com). Target’s share-based compensation includes several long-term incentive plans. 

Required: 

1. Refer to Target’s financial statements for the year ended February 3, 2018. Note 3 provides information on an accounting change Target made in fiscal 2017. Was this a change in estimate, a change in principle, a change in reporting entity, or an error correction? 

2. Did Target account for and report the change retrospectively or prospectively? 

3. What was the effect of the change on depreciation and amortization in fiscal 2016? 

4. Was the effect of the change on earnings per share in fiscal 2017 an increase, a decrease, or no effect?