3 / 5 100% + 10. (5) Estimate Target, Corp.'s free cash flow to equity using data from financial statement for fiscal year end Jan 30, 2021. The following are selected sections from financial statements. Target's effective tax rate is 21%. 12 Months Ended Consolidated Statements of Operations USD ($ in Millions) Operating income Net interest expense Jan. 30, 2021 6,539 977 Feb. 01, 2020 4,658 477 Consolidated Statements of Cash Flows USD ($ in Millions) 12 Months Ended Jan. 30, 2021 Feb. 01, 2020 Depreciation and amortization Expenditures for property and equipment 2,485 -2,649 2,604 -3,027 Consolidated Statements of Financial Position Jan. 30, 2021 Feb. 01, 2020 10,653 USD (S in Millions) Inventory Accounts receivables Accounts payable Current portion of long-term debt Long-term debt 631 12,859 1,144 11,536 8,992 498 9,920 161 11,338