options not work, neither targets ie11 in babel.config.js

**Webpack Version:**
"webpack": "^5.65.0",

**Babel Core Version**:
"@babel/core": "^7.16.7",

**Babel Loader Version**:
"babel-loader": "^8.2.3",

**Please tell us about your environment:**
Windows 10

**Current behavior:**
not support ie 11, arrow function not converted.

babel config file
```
const presets = [
[
"@babel/preset-env",
{
debug: true,
// "exclude": ["@babel/plugin-transform-regenerator"],
targets: "ie 11",
// {
// // edge: "79",
// // chrome: "67",
// ie: "11",
// },
//useBuiltIns: "usage",
useBuiltIns: "entry",
corejs: "3.6.4",
},
],
];

module.exports = {
presets,
minified: isProduction,
sourceMaps: isProduction? false: "inline",
plugins:[ ],
};

```

**Expected/desired behavior:**

support ie 11, convert arrow function like this
```
export function getObjectDiff(obj1, obj2) {
const diff = Object.keys(obj1).reduce((result, key) => {
if (!obj2.hasOwnProperty(key)) {
result.push(key);
} else if (_.isEqual(obj1[key], obj2[key])) {
const resultKeyIndex = result.indexOf(key);
result.splice(resultKeyIndex, 1);
}
return result;
}, Object.keys(obj2));

return diff;
}

```