Me and a friend both 16 got caught stealing at target whats going to happen?  We are both 16. We where at a Phoenix Target 1hour away from where we live (Fountain Hills) a security gaurd stopped us at the doors and asked to follow him to his office which we did. they questioned us got our information and waited for the cops to come they handcuffed us and put us in the back of the veichle we each seperatly got questioned with parents and where released. I took 115 worth as for her 250. the cop said he wasnt charging it as a felony and I already got my letter of how much I owe being 215.25 What do I do? or what are the steps?

You will likely be charged in juvenile court with shoplifting. If convicted, the judge may punish you with probation, detention, community service or something similar. You should retain counsel to assist with your defense to secure the best possible outcome in your case. Good luck.