What Browserslist Actually Does in Next.js

We set up three near-identical Next.js 16 projects to answer a simple question: if you set a browserslist target in package.json, does the build change to match it? We tested three targets (ie 11, chrome 116, about 3 years old, and chrome 139, about 1 year old) and compared the compiled output byte by byte. The code for all three projects is on...