0000109198-23-000051 | 10-Q | XBRL Viewer

Pension Plans and Other Retirement Benefits (Tables)

6 Months Ended

Jul. 29, 2023

Financial Information Related to Funded Defined Benefit Pension Plan and Unfunded Supplemental Retirement Plan

Presented below is financial information relating to TJX’s funded defined benefit pension plan (“qualified pension plan” or “funded plan”) and its unfunded supplemental pension plan (“unfunded plan”) for the periods shown:


	Funded Plan				Unfunded Plan
	Thirteen Weeks Ended				Thirteen Weeks Ended
In millions	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Service cost	$	9	$	11	$	0	$	0
Interest cost	18		14		2		1
Expected return on plan assets	(20)		(22)		—		—
Amortization of net actuarial loss and prior service cost	0		5		1		1


Total expense	$	7	$	8	$	3	$	2

	Funded Plan				Unfunded Plan
	Twenty-Six Weeks Ended				Twenty-Six Weeks Ended
In millions	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Service cost	$	17	$	23	$	1	$	1
Interest cost	36		29		3		2
Expected return on plan assets	(40)		(44)		—		—
Amortization of net actuarial loss and prior service cost	0		9		1		2


Total expense	$	13	$	17	$	5	$	5

Financial Instruments

6 Months Ended

Jul. 29, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Financial InstrumentsAs a result of its operating and financing activities, TJX is exposed to market risks from changes in interest and foreign currency exchange rates and fuel costs. These market risks may adversely affect TJX’s operating results and financial position. TJX seeks to minimize risk from changes in interest and foreign currency exchange rates and fuel costs through the use of derivative financial instruments when and to the extent deemed appropriate. TJX does not use derivative financial instruments for trading or other speculative purposes and does not use any leveraged derivative financial instruments. TJX recognizes all derivative instruments as either assets or liabilities in the Consolidated Balance Sheet and measures those instruments at fair value. The fair values of the derivatives are classified as assets or liabilities, current or non-current, based upon valuation results and settlement dates of the individual contracts. Changes to the fair value of derivative contracts that do not qualify for hedge accounting are reported in earnings in the period of the change. For derivatives that qualify for hedge accounting, changes in the fair value of the derivatives are either recorded in shareholders’ equity as a component of Accumulated other comprehensive (loss) income or are recognized currently in earnings, along with an offsetting adjustment against the basis of the item being hedged.

Diesel Fuel Contracts

TJX hedges portions of its estimated notional diesel fuel requirements based on the diesel fuel expected to be consumed by independent freight carriers transporting TJX’s inventory. Independent freight carriers transporting TJX’s inventory charge TJX a mileage surcharge based on the price of diesel fuel. The hedge agreements are designed to mitigate the volatility of diesel fuel pricing, and the resulting per mile surcharges payable by TJX, by setting a fixed price per gallon for the period being hedged. During fiscal 2023, TJX entered into agreements to hedge a portion of its estimated notional diesel fuel requirements for fiscal 2024, and during the first six months of fiscal 2024, TJX entered into agreements to hedge a portion of its estimated notional diesel fuel requirements for the first six months of fiscal 2025. The hedge agreements outstanding at July 29, 2023 relate to approximately 50% of TJX’s estimated notional diesel fuel requirements for the remainder of fiscal 2024 and the first six months of fiscal 2025. These diesel fuel hedge agreements will settle throughout fiscal 2024 and throughout the first seven months of fiscal 2025. TJX elected not to apply hedge accounting to these contracts.

Foreign Currency Contracts

TJX enters into forward foreign currency exchange contracts to obtain economic hedges on portions of merchandise purchases made and anticipated to be made by the Company’s operations in currencies other than their respective functional currencies. The contracts outstanding at July 29, 2023 cover merchandise purchases the Company is committed to over the next several months in fiscal 2024. Additionally, TJX’s operations in Europe are subject to foreign currency exposure as a result of their buying function being centralized in the U.K. Merchandise is purchased centrally in the U.K. and then shipped and billed to the retail entities in other countries. This intercompany billing to TJX’s European businesses’ Euro denominated operations creates exposure to the central buying entity for changes in the exchange rate between the Euro and British Pound. A portion of the inflows of Euros to the central buying entity provides a natural hedge for Euro denominated merchandise purchases from third-party vendors. TJX calculates any excess Euro exposure each month and enters into forward contracts of approximately 30 days' duration to mitigate this exposure.

TJX also enters into derivative contracts, generally designated as fair value hedges, to hedge intercompany debt. The changes in fair value of these contracts are recorded in Selling, general and administrative expenses and are offset by marking the underlying item to fair value in the same period. Upon settlement, the realized gains and losses on these contracts are offset by the realized gains and losses of the underlying item in Selling, general and administrative expenses.

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at July 29, 2023:


In millions		Pay	Receive		Blended Contract Rate	Balance Sheet Location	Current Asset U.S.$		Current (Liability) U.S.$		Net Fair Value in U.S.$ at July 29, 2023
Fair value hedges:
Intercompany balances, primarily debt:

	€	60	£	52	0.8738	Prepaid Exp	$	0.6	$	—	$	0.6
	A$	162	U.S.$	112	0.6926	Prepaid Exp	3.5		—		3.5
	U.S.$	69	£	55	0.8010	Prepaid Exp	2.0		—		2.0
	£	200	U.S.$	244	1.2191	(Accrued Exp)	—		(13.4)		(13.4)
	€	200	U.S.$	219	1.0964	Prepaid Exp / (Accrued Exp)	0.3		(3.3)		(3.0)

Economic hedges for which hedge accounting was not elected:
	Diesel fuel contracts	Fixed on 3.0M – 3.8M gal per month	Float on 3.0M – 3.8M gal per month		N/A	(Accrued Exp)	—		(2.0)		(2.0)
Intercompany billings in TJX International, primarily merchandise:
	€	107	£	91	0.8526	(Accrued Exp)	—		(0.8)		(0.8)
Merchandise purchase commitments:
	C$	876	U.S.$	655	0.7473	Prepaid Exp / (Accrued Exp)	0.2		(9.0)		(8.8)
	C$	28	€	19	0.6799	Prepaid Exp / (Accrued Exp)	0.1		(0.3)		(0.2)
	£	376	U.S.$	468	1.2462	Prepaid Exp / (Accrued Exp)	0.5		(15.5)		(15.0)
	A$	96	U.S.$	65	0.6810	Prepaid Exp	1.3		—		1.3
	zł	605	£	114	0.1878	(Accrued Exp)	—		(4.4)		(4.4)

	U.S.$	110	€	101	0.9139	Prepaid Exp / (Accrued Exp)	1.3		(0.3)		1.0
Total fair value of derivative financial instruments							$	9.8	$	(49.0)	$	(39.2)

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at January 28, 2023:


In millions		Pay	Receive		Blended Contract Rate	Balance Sheet Location	Current Asset U.S.$		Current (Liability) U.S.$		Net Fair Value in U.S.$ at January 28, 2023
Fair value hedges:
Intercompany balances, primarily debt:

	€	60	£	53	0.8807	(Accrued Exp)	$	—	$	(0.3)	$	(0.3)
	A$	150	U.S.$	105	0.7003	(Accrued Exp)	—		(2.6)		(2.6)
	U.S.$	69	£	55	0.8010	(Accrued Exp)	—		(0.3)		(0.3)
	£	200	U.S.$	244	1.2191	(Accrued Exp)	—		(5.5)		(5.5)
	€	200	U.S.$	213	1.0652	Prepaid Exp / (Accrued Exp)	0.8		(7.0)		(6.2)
Economic hedges for which hedge accounting was not elected:
	Diesel fuel contracts	Fixed on 3.2M – 3.6M gal per month	Float on 3.2M– 3.6M gal per month		N/A	Prepaid Exp	3.9		—		3.9
Intercompany billings in TJX International, primarily merchandise:
	€	146	£	129	0.8834	Prepaid Exp	0.8		—		0.8
Merchandise purchase commitments:
	C$	705	U.S.$	525	0.7449	Prepaid Exp / (Accrued Exp)	2.2		(7.1)		(4.9)
	C$	23	€	16	0.7064	Prepaid Exp / (Accrued Exp)	0.4		(0.0)		0.4
	£	299	U.S.$	356	1.1916	Prepaid Exp / (Accrued Exp)	0.1		(15.4)		(15.3)
	zł	507	£	91	0.1788	(Accrued Exp)	—		(3.6)		(3.6)
	A$	104	U.S.$	71	0.6819	(Accrued Exp)	—		(3.3)		(3.3)
	U.S.$	85	€	82	0.9634	Prepaid Exp	4.3		—		4.3
Total fair value of derivative financial instruments							$	12.5	$	(45.1)	$	(32.6)

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at July 30, 2022:


In millions		Pay	Receive		Blended Contract Rate	Balance Sheet Location	Current Asset U.S.$		Current (Liability) U.S.$		Net Fair Value in U.S.$ at July 30, 2022
Fair value hedges:
Intercompany balances, primarily debt:

	€	60	£	51	0.8428	Prepaid Exp	$	0.3	$	—	$	0.3
	A$	170	U.S.$	120	0.7034	Prepaid Exp / (Accrued Exp)	0.8		(1.0)		(0.2)
	U.S.$	75	£	55	0.7368	(Accrued Exp)	—		(6.8)		(6.8)
	£	150	U.S.$	204	1.3578	Prepaid Exp	19.1		—		19.1
	€	200	U.S.$	223	1.1156	Prepaid Exp / (Accrued Exp)	14.7		(0.1)		14.6

Economic hedges for which hedge accounting was not elected:
	Diesel fuel contracts	Fixed on 2.6M – 3.9M gal per month	Float on 2.6M – 3.9M gal per month		N/A	Prepaid Exp	38.2		—		38.2
Intercompany billings in TJX International, primarily merchandise:
	€	206	£	174	0.8462	Prepaid Exp	2.1		—		2.1


Merchandise purchase commitments:
	C$	807	U.S.$	635	0.7867	Prepaid Exp / (Accrued Exp)	6.7		(1.0)		5.7
	C$	26	€	19	0.7314	(Accrued Exp)	—		(0.7)		(0.7)
	£	440	U.S.$	569	1.2941	Prepaid Exp / (Accrued Exp)	30.0		(2.2)		27.8
	A$	71	U.S.$	51	0.7141	Prepaid Exp / (Accrued Exp)	1.1		(0.4)		0.7
	zł	701	£	124	0.1770	Prepaid Exp / (Accrued Exp)	2.2		(0.0)		2.2

	U.S.$	114	€	105	0.9188	Prepaid Exp / (Accrued Exp)	0.1		(6.0)		(5.9)
Total fair value of derivative financial instruments							$	115.3	$	(18.2)	$	97.1

The impact of derivative financial instruments on the Consolidated Statements of Income is presented below:


		Amount of (Loss) Gain Recognized in Income by Derivative
	Location of (Loss) Gain Recognized in Income by Derivative	Thirteen Weeks Ended				Twenty-Six Weeks Ended
In millions		July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Fair value hedges:
Intercompany balances, primarily debt	Selling, general and administrative expenses	$	(3)	$	9	$	3	$	33
Economic hedges for which hedge accounting was not elected:

Diesel fuel contracts	Cost of sales, including buying and occupancy costs	10		10		(8)		54
Intercompany billings in TJX International, primarily merchandise	Cost of sales, including buying and occupancy costs	4		0		4		0

Merchandise purchase commitments	Cost of sales, including buying and occupancy costs	(30)		7		(22)		48
(Loss) gain recognized in income		$	(19)	$	26	$	(23)	$	135

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022
Cash flows from operating activities:
Net income	$ 1,880	$ 1,397
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	467	438
Impairment on equity investment	0	218
Loss on property disposals and impairment charges	21	5
Deferred income tax provision	16	26
Share-based compensation	70	58
Changes in assets and liabilities:
Decrease (increase) in accounts receivable	19	(48)
(Increase) in merchandise inventories	(734)	(1,207)
(Increase) decrease in income taxes recoverable	(28)	2
(Increase) in prepaid expenses and other current assets	(34)	(50)
Increase (decrease) in accounts payable	619	(311)
(Decrease) in accrued expenses and other liabilities	(170)	(393)
(Decrease) in income taxes payable	(36)	(123)
Increase in net operating lease liabilities	0	6
Other, net	(4)	(12)
Net cash provided by operating activities	2,086	6
Cash flows from investing activities:
Property additions	(820)	(693)
Purchases of investments	(17)	(21)
Sales and maturities of investments	18	11
Net cash (used in) investing activities	(819)	(703)
Cash flows from financing activities:
Repayment of debt	(500)	0
Payments for repurchase of common stock	(1,041)	(1,307)
Cash dividends paid	(725)	(655)
Proceeds from issuance of common stock	81	50
Other	(29)	(33)
Net cash (used in) financing activities	(2,214)	(1,945)
Effect of exchange rate changes on cash	20	(54)
Net (decrease) in cash and cash equivalents	(927)	(2,696)
Cash and cash equivalents at beginning of year	5,477	6,227
Cash and cash equivalents at end of period	$ 4,550	$ 3,531

Long-Term Debt and Credit Lines (Tables)

6 Months Ended

Jul. 29, 2023

Debt Disclosure [Abstract]

Long-Term Debt, Exclusive of Current Installments

The table below presents long-term debt as of July 29, 2023, January 28, 2023 and July 30, 2022. All amounts are net of unamortized debt discounts.


In millions and net of immaterial unamortized debt discounts	July 29, 2023		January 28, 2023		July 30, 2022
General corporate debt:
2.500% senior unsecured notes, maturing May 15, 2023 (effective interest rate of 2.51% after reduction of unamortized debt discount)	$	—	$	500	$	500
2.250% senior unsecured notes, maturing September 15, 2026 (effective interest rate of 2.32% after reduction of unamortized debt discount)	998		997		997
1.150% senior unsecured notes, maturing May 15, 2028 (effective interest rate of 1.18% after reduction of unamortized debt discount)	499		499		499
3.875% senior unsecured notes, maturing April 15, 2030 (effective interest rate of 3.89% after reduction of unamortized debt discount)	496		496		495
1.600% senior unsecured notes, maturing May 15, 2031 (effective interest rate of 1.61% after reduction of unamortized debt discount)	500		500		500
4.500% senior unsecured notes, maturing April 15, 2050 (effective interest rate of 4.52% after reduction of unamortized debt discount)	383		383		383
Total debt	2,876		3,375		3,374
Current maturities of long-term debt, net of debt issuance costs	—		(500)		(500)
Debt issuance costs	(15)		(16)		(17)
Long-term debt	$	2,861	$	2,859	$	2,857

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Property at Cost - Additional information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 234	$ 216	$ 464	$ 434
Accrued capital additions			$ 192	$ 145

Segment Information

6 Months Ended

Jul. 29, 2023

Segment Reporting [Abstract]

Segment Information

TJX operates four main business segments. In the United States, the Marmaxx segment operates T.J. Maxx, Marshalls, tjmaxx.com and marshalls.com and the HomeGoods segment operates HomeGoods, Homesense, and homegoods.com. The TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX International segment operates T.K. Maxx and Homesense, as well as tkmaxx.com, tkmaxx.de, and tkmaxx.at in Europe and T.K. Maxx in Australia. In addition to the Company’s four main business segments, Sierra operates retail stores and sierra.com in the U.S. The results of Sierra are included in the Marmaxx segment.

All of TJX’s stores, with the exception of HomeGoods and HomeSense/Homesense, sell family apparel and home fashions. HomeGoods and HomeSense/Homesense offer home fashions.

TJX evaluates the performance of its segments based on “segment profit or loss,” which it defines as pre-tax income or loss before general corporate expense, interest (income) expense, net and certain separately disclosed unusual or infrequent items. “Segment profit or loss,” as defined by TJX, may not be comparable to similarly titled measures used by other entities. This measure of performance should not be considered an alternative to net income or cash flows from operating activities as an indicator of TJX’s performance or as a measure of liquidity.

Presented below is financial information with respect to TJX’s business segments:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
In millions	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Net sales:
In the United States:
Marmaxx	$	7,903	$	7,236	$	15,269	$	14,107
HomeGoods	2,011		1,856		3,977		3,892
TJX Canada	1,223		1,248		2,261		2,330
TJX International	1,621		1,503		3,034		2,920
Total net sales	$	12,758	$	11,843	$	24,541	$	23,249
Segment profit:
In the United States:
Marmaxx	$	1,084	$	933	$	2,112	$	1,837
HomeGoods	175		50		319		172
TJX Canada	192		197		309		324
TJX International	32		105		70		118
Total segment profit	1,483		1,285		2,810		2,451
General corporate expense	194		188		350		265

Impairment on equity investment	—		—		—		218

Interest (income) expense, net	(38)		11		(75)		30
Income before income taxes	$	1,327	$	1,086	$	2,535	$	1,938

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jul. 29, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Property at Cost

6 Months Ended

Jul. 29, 2023

Property, Plant and Equipment [Abstract]

Property at Cost

The following table presents the components of property at cost:


In millions	July 29, 2023		January 28, 2023		July 30, 2022
Land and buildings	$	2,086	$	2,043	$	1,960
Leasehold costs and improvements	4,147		3,874		3,667
Furniture, fixtures and equipment	7,797		7,400		7,080
Total property at cost	$	14,030	$	13,317	$	12,707
Less: accumulated depreciation and amortization	7,864		7,534		7,317
Net property at cost	$	6,166	$	5,783	$	5,390

Depreciation expense was $234 million for the three months ended July 29, 2023 and $216 million for the three months ended July 30, 2022. Depreciation expense was $464 million for the six months ended July 29, 2023 and $434 million for the six months ended July 30, 2022.

Non-cash investing activities in the cash flows consist of accrued capital additions of $192 million and $145 million as of the periods ended July 29, 2023 and July 30, 2022, respectively.

Pension Plans and Other Retirement Benefits - Additional Information (Details) $ in Millions	6 Months Ended
	Jul. 29, 2023 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Minimum percentage of pension liability	80.00%
Unfunded Plan
Defined Benefit Plan Disclosure [Line Items]
Expected future employer contributions, remainder of fiscal 2023	$ 4

Segment Information - Additional Information (Details)	6 Months Ended
Segment Information - Additional Information (Details)	Jul. 29, 2023 segment
Segment Reporting [Abstract]
Number of business segments	4

Basis of Presentation and Summary of Significant Accounting Policies

6 Months Ended

Jul. 29, 2023

Accounting Policies [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation

The Consolidated Financial Statements and Notes thereto have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. These Consolidated Financial Statements and Notes thereto are unaudited and, in the opinion of management, reflect all normal recurring adjustments, accruals and deferrals among periods required to match costs properly with the related revenue or activity, considered necessary by The TJX Companies, Inc. (together with its subsidiaries, “TJX”) for a fair statement of its Consolidated Financial Statements for the periods reported, all in conformity with GAAP consistently applied. The Consolidated Financial Statements and Notes thereto should be read in conjunction with the audited Consolidated Financial Statements, including the related notes, contained in TJX’s Annual Report on Form 10-K for the fiscal year ended January 28, 2023 (“fiscal 2023”).

These interim results are not necessarily indicative of results for the full fiscal year. TJX’s business, in common with the businesses of retailers generally, is subject to seasonal influences, with higher levels of sales and income generally realized in the second half of the year.

The January 28, 2023 balance sheet data was derived from audited Consolidated Financial Statements and does not include all disclosures required by GAAP.

Fiscal Year

TJX’s fiscal year ends on the Saturday nearest to the last day of January of each year. The current fiscal year ends February 3, 2024 (“fiscal 2024”) and is a 53-week fiscal year. Fiscal 2023 was a 52-week fiscal year. Fiscal 2025 will be a 52-week fiscal year and will end February 1, 2025.

Use of Estimates

The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. TJX considers its accounting policies relating to inventory valuation, reserves for uncertain tax positions and loss contingencies to be the most significant accounting policies that involve management estimates and judgments. Actual amounts could differ from these estimates, and such differences could be material.

Equity Investment

In fiscal 2020, the Company acquired a minority ownership stake in privately held Familia, an off-price retailer of apparel and home fashions domiciled in Luxembourg that operates stores throughout Russia. During the first quarter of fiscal 2023, the Company announced that it had committed to divesting its minority investment, resulting in an impairment charge of $218 million representing the entire carrying value of the Company’s investment. Additionally, the Company realized a $54 million tax benefit when the Company completed the divestiture of this investment during the third quarter of fiscal 2023. See Note F—Fair Value Measurements for additional information.

Deferred Gift Card Revenue

The following table presents deferred gift card revenue activity:


In millions	July 29, 2023		July 30, 2022
Balance, beginning of year	$	721	$	685
Deferred revenue	858		852
Effect of exchange rates changes on deferred revenue	1		(3)
Revenue recognized	(916)		(905)
Balance, end of period	$	664	$	629

TJX recognized $472 million in gift card revenue for the three months ended July 29, 2023 and $462 million for the three months ended July 30, 2022. Gift cards are combined in one homogeneous pool and are not separately identifiable. As such, the revenue recognized consists of gift cards that were part of the deferred revenue balance at the beginning of the period as well as gift cards that were issued during the period.

Leases

Supplemental cash flow information related to leases is as follows:


	Twenty-Six Weeks Ended
In millions	July 29, 2023		July 30, 2022
Operating cash flows paid for operating leases	$	999	$	972
Lease liabilities arising from obtaining right of use assets	$	1,148	$	1,151

Future Adoption of New Accounting Standards

From time to time, the Financial Accounting Standards Board (“FASB”) or other standard setting bodies issue new accounting pronouncements. Updates to the FASB Accounting Standards Codification are communicated through issuance of an Accounting Standards Update (“ASU”). The Company has reviewed the new guidance and has determined that it will either not apply to TJX or is not expected to be material to its Consolidated Financial Statements upon adoption, and, therefore, the guidance is not disclosed.

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jul. 29, 2023	Oct. 29, 2022	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022	Jan. 28, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	25.50%		25.40%	25.80%	27.90%
Tax benefit		$ 54
Net unrecognized tax benefits	$ 264		$ 272	$ 264	$ 272	$ 265
Accrued amounts for interest and penalties	39		$ 39	39	$ 39	$ 37
Possible decrease in unrecognized tax benefits that would reduce the provision for taxes on earnings (up to)	$ 51			$ 51

Fair Value Measurements (Tables)

6 Months Ended

Jul. 29, 2023

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities on a Recurring Basis

The following table sets forth TJX’s financial assets and liabilities that are accounted for at fair value on a recurring basis:


In millions	July 29, 2023		January 28, 2023		July 30, 2022
Level 1
Assets:
Executive Savings Plan investments	$	394.8	$	371.6	$	364.3
Level 2
Assets:

Foreign currency exchange contracts	$	9.8	$	8.6	$	77.1
Diesel fuel contracts	—		3.9		38.2
Liabilities:
Foreign currency exchange contracts	$	47.0	$	45.1	$	18.2
Diesel fuel contracts	2.0		—		—

Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive (Loss) Income	Retained Earnings
Beginning balance (in shares) at Jan. 29, 2022		1,181,000,000
Beginning balance at Jan. 29, 2022	$ 6,003	$ 1,181	$ 0	$ (687)	$ 5,509
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,397				1,397
Other comprehensive income (loss), net of tax	(81)			(81)
Cash dividends declared on common stock	(690)				(690)
Recognition of share-based compensation	58		58
Issuance of common stock under stock incentive plan, and related tax effect (in shares)		2,000,000
Issuance of common stock under stock incentive plan and related tax effect	17	$ 2	16		(1)
Common stock repurchased (in shares)		(21,000,000)
Common stock repurchased	$ (1,307)	$ (21)	(74)		(1,212)
Ending balance (in shares) at Jul. 30, 2022	1,161,886,769	1,162,000,000
Ending balance at Jul. 30, 2022	$ 5,397	$ 1,162	0	(768)	5,003
Beginning balance (in shares) at Apr. 30, 2022		1,173,000,000
Beginning balance at Apr. 30, 2022	5,595	$ 1,173	0	(742)	5,164
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	810				810
Other comprehensive income (loss), net of tax	(26)			(26)
Cash dividends declared on common stock	(343)				(343)
Recognition of share-based compensation	31		31
Issuance of common stock under stock incentive plan, and related tax effect (in shares)		0
Issuance of common stock under stock incentive plan and related tax effect	30	$ 0	31		(1)
Common stock repurchased (in shares)		(11,000,000)
Common stock repurchased	$ (700)	$ (11)	(62)		(627)
Ending balance (in shares) at Jul. 30, 2022	1,161,886,769	1,162,000,000
Ending balance at Jul. 30, 2022	$ 5,397	$ 1,162	0	(768)	5,003
Beginning balance (in shares) at Jan. 28, 2023	1,155,437,908	1,155,000,000
Beginning balance at Jan. 28, 2023	$ 6,364	$ 1,155	0	(606)	5,815
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,880				1,880
Other comprehensive income (loss), net of tax	55			55
Cash dividends declared on common stock	(764)				(764)
Recognition of share-based compensation	70		70
Issuance of common stock under stock incentive plan, and related tax effect (in shares)		3,000,000
Issuance of common stock under stock incentive plan and related tax effect	53	$ 3	51		(1)
Common stock repurchased (in shares)		(13,000,000)
Common stock repurchased	$ (1,050)	$ (13)	(121)		(916)
Ending balance (in shares) at Jul. 29, 2023	1,144,948,031	1,145,000,000
Ending balance at Jul. 29, 2023	$ 6,608	$ 1,145	0	(551)	6,014
Beginning balance (in shares) at Apr. 29, 2023		1,150,000,000
Beginning balance at Apr. 29, 2023	6,422	$ 1,150	0	(592)	5,864
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	989				989
Other comprehensive income (loss), net of tax	41			41
Cash dividends declared on common stock	(381)				(381)
Recognition of share-based compensation	36		36
Issuance of common stock under stock incentive plan, and related tax effect (in shares)		2,000,000
Issuance of common stock under stock incentive plan and related tax effect	55	$ 2	54		(1)
Common stock repurchased (in shares)		(7,000,000)
Common stock repurchased	$ (554)	$ (7)	(90)		(457)
Ending balance (in shares) at Jul. 29, 2023	1,144,948,031	1,145,000,000
Ending balance at Jul. 29, 2023	$ 6,608	$ 1,145	$ 0	$ (551)	$ 6,014

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 29, 2023	Jan. 28, 2023	Jul. 30, 2022
Statement of Financial Position [Abstract]
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000	5,000,000
Preferred stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Preferred stock, shares issued (in shares)	0	0	0
Common stock, shares authorized (in shares)	1,800,000,000	1,800,000,000	1,800,000,000
Common stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Common stock, shares issued (in shares)	1,144,948,031	1,155,437,908	1,161,886,769
Common stock, shares outstanding (in shares)	1,144,948,031	1,155,437,908	1,161,886,769

Long-Term Debt and Credit Lines - Additional Information (Details)	May 08, 2023	Jul. 29, 2023 USD ($) facility	Jul. 29, 2023 GBP (£) facility	Jul. 29, 2023 CAD ($) facility	Jan. 28, 2023 USD ($) facility	Jan. 28, 2023 GBP (£) facility	Jan. 28, 2023 CAD ($) facility	Jul. 30, 2022 USD ($) facility	Jul. 30, 2022 GBP (£) facility	Jul. 30, 2022 CAD ($) facility
Debt Instrument [Line Items]
Revolving credit facilities, number \| facility		2	2	2
Covenant, maximum leverage ratio		3.50	3.50	3.50
TJX Canada
Debt Instrument [Line Items]
Revolving credit facilities, number \| facility		2	2	2	2	2	2	2	2	2
Credit facilities, amount outstanding				$ 0			$ 0			$ 0
Current borrowing capacity				10,000,000			10,000,000			10,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Revolver, maximum borrowing capacity		$ 1,500,000,000
Letter of Credit \| TJX Canada
Debt Instrument [Line Items]
Credit facilities, amount outstanding				0			0			0
Current borrowing capacity				$ 10,000,000			$ 10,000,000			$ 10,000,000
TJX Europe Credit Line \| TJX International
Debt Instrument [Line Items]
Credit facilities, amount outstanding \| £			£ 0			£ 0			£ 0
Current borrowing capacity \| £			£ 5,000,000			£ 5,000,000			£ 5,000,000
Revolving Credit Facility Due June 25, 2026 \| Revolving Credit Facility
Debt Instrument [Line Items]
Revolver, maximum borrowing capacity		1,000,000,000
Revolving Credit Facility Due May 10, 2024 \| Revolving Credit Facility
Debt Instrument [Line Items]
Revolver, maximum borrowing capacity		500,000,000
Revolving Credit Facility Due March 11, 2022 \| Revolving Credit Facility
Debt Instrument [Line Items]
Credit facilities, amount outstanding		$ 0			$ 0			$ 0
2028 Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Credit spread adjustment	0.10%
2028 Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Minimum
Debt Instrument [Line Items]
Credit spread adjustment	0.45%
2028 Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Maximum
Debt Instrument [Line Items]
Credit spread adjustment	0.875%
2028 Revolving Credit Facility \| Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Credit spread adjustment	0.05%
2028 Revolving Credit Facility \| Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Credit spread adjustment	0.125%
2.50% Ten-Year Notes \| Senior Notes
Debt Instrument [Line Items]
Debt instrument, interest rate		2.50%	2.50%	2.50%

Long-Term Debt and Credit Lines

6 Months Ended

Jul. 29, 2023

Debt Disclosure [Abstract]

Long-Term Debt and Credit Lines

The table below presents long-term debt as of July 29, 2023, January 28, 2023 and July 30, 2022. All amounts are net of unamortized debt discounts.


In millions and net of immaterial unamortized debt discounts	July 29, 2023		January 28, 2023		July 30, 2022
General corporate debt:
2.500% senior unsecured notes, maturing May 15, 2023 (effective interest rate of 2.51% after reduction of unamortized debt discount)	$	—	$	500	$	500
2.250% senior unsecured notes, maturing September 15, 2026 (effective interest rate of 2.32% after reduction of unamortized debt discount)	998		997		997
1.150% senior unsecured notes, maturing May 15, 2028 (effective interest rate of 1.18% after reduction of unamortized debt discount)	499		499		499
3.875% senior unsecured notes, maturing April 15, 2030 (effective interest rate of 3.89% after reduction of unamortized debt discount)	496		496		495
1.600% senior unsecured notes, maturing May 15, 2031 (effective interest rate of 1.61% after reduction of unamortized debt discount)	500		500		500
4.500% senior unsecured notes, maturing April 15, 2050 (effective interest rate of 4.52% after reduction of unamortized debt discount)	383		383		383
Total debt	2,876		3,375		3,374
Current maturities of long-term debt, net of debt issuance costs	—		(500)		(500)
Debt issuance costs	(15)		(16)		(17)
Long-term debt	$	2,861	$	2,859	$	2,857

Senior Unsecured Notes

During the second quarter of fiscal 2024, the Company repaid its 2.500% ten-year Notes due May 2023 at maturity.

Credit Facilities

TJX has two revolving credit facilities, a $1 billion senior unsecured revolving credit facility maturing in June 2026 (the “2026 Revolving Credit Facility”) and a $500 million revolving credit facility that was set to mature in May 2024 (the “2024 Revolving Credit Facility”). On May 8, 2023, the Company amended the 2024 Revolving Credit Facility to (i) extend the maturity to May 8, 2028 and (ii) replace the London Interbank Offered Rate (“LIBOR”) with a term secured overnight financing rate plus a 0.10% credit spread adjustment (“Adjusted Term SOFR”). Term SOFR borrowings under the “2028 Revolving Credit Facility”, as amended, bear interest at the Adjusted Term SOFR plus a margin of 45.0 - 87.5 basis points and a quarterly facility fee payment of 5.0 - 12.5 basis points on the total commitments under the 2028 Revolving Credit Facility, in each case, based on the Company’s long-term debt ratings. All other material terms and conditions of the 2028 Revolving Credit Facility were unchanged.

Additionally, on May 8, 2023, the Company amended its 2026 Revolving Credit Facility to replace the LIBOR with Adjusted Term SOFR. Term SOFR borrowings under the 2026 Revolving Credit Facility, as amended, bear interest at the Adjusted Term SOFR plus a variable margin based on the Company’s long-term debt ratings. All other material terms and conditions of the 2026 Revolving Credit Facility were unchanged.

Under these credit facilities, the Company has maintained a borrowing capacity of $1.5 billion. As of July 29, 2023, January 28, 2023 and July 30, 2022, there were no amounts outstanding under these facilities. Each of these facilities require TJX to maintain a ratio of funded debt to earnings before interest, taxes, depreciation and amortization and rentals (EBITDAR) of not more than 3.50 to 1.00 on a rolling four-quarter basis. TJX was in compliance with all covenants related to its credit facilities at the end of all periods presented.

As of July 29, 2023, January 28, 2023 and July 30, 2022, TJX Canada had two credit lines, a C$10 million facility for operating expenses and a C$10 million letter of credit facility. As of July 29, 2023, January 28, 2023 and July 30, 2022, and during the quarters and year then ended, there were no amounts outstanding on the Canadian credit line for operating expenses. As of July 29, 2023, January 28, 2023 and July 30, 2022, the Company’s European business at TJX International had a credit line of £5 million. As of July 29, 2023, January 28, 2023 and July 30, 2022, and during the quarters and year then ended, there were no amounts outstanding on the European credit line.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
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-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Capital Stock and Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Basic earnings per share
Net income	$ 989	$ 810	$ 1,880	$ 1,397
Weighted average common shares outstanding for basic earnings per share calculation (in shares)	1,148	1,168	1,151	1,173
Basic earnings per share (in dollars per share)	$ 0.86	$ 0.69	$ 1.63	$ 1.19
Diluted earnings per share:
Net income	$ 989	$ 810	$ 1,880	$ 1,397
Weighted average common shares outstanding for basic earnings per share calculation (in shares)	1,148	1,168	1,151	1,173
Assumed exercise/vesting of stock options and awards (in shares)	13	10	12	11
Weighted average common shares outstanding for diluted earnings per share calculations (in shares)	1,161	1,178	1,163	1,184
Diluted earnings per share (in dollars per share)	$ 0.85	$ 0.69	$ 1.62	$ 1.18
Cash dividends declared per share (in dollars per share)	$ 0.3325	$ 0.295	$ 0.665	$ 0.59

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 29, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Consolidated Financial Statements and Notes thereto have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. These Consolidated Financial Statements and Notes thereto are unaudited and, in the opinion of management, reflect all normal recurring adjustments, accruals and deferrals among periods required to match costs properly with the related revenue or activity, considered necessary by The TJX Companies, Inc. (together with its subsidiaries, “TJX”) for a fair statement of its Consolidated Financial Statements for the periods reported, all in conformity with GAAP consistently applied. The Consolidated Financial Statements and Notes thereto should be read in conjunction with the audited Consolidated Financial Statements, including the related notes, contained in TJX’s Annual Report on Form 10-K for the fiscal year ended January 28, 2023 (“fiscal 2023”). These interim results are not necessarily indicative of results for the full fiscal year. TJX’s business, in common with the businesses of retailers generally, is subject to seasonal influences, with higher levels of sales and income generally realized in the second half of the year. The January 28, 2023 balance sheet data was derived from audited Consolidated Financial Statements and does not include all disclosures required by GAAP.
Fiscal Year	Fiscal Year TJX’s fiscal year ends on the Saturday nearest to the last day of January of each year. The current fiscal year ends February 3, 2024 (“fiscal 2024”) and is a 53-week fiscal year. Fiscal 2023 was a 52-week fiscal year. Fiscal 2025 will be a 52-week fiscal year and will end February 1, 2025.
Use of Estimates	Use of Estimates The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. TJX considers its accounting policies relating to inventory valuation, reserves for uncertain tax positions and loss contingencies to be the most significant accounting policies that involve management estimates and judgments. Actual amounts could differ from these estimates, and such differences could be material.
Equity Investment	Equity InvestmentIn fiscal 2020, the Company acquired a minority ownership stake in privately held Familia, an off-price retailer of apparel and home fashions domiciled in Luxembourg that operates stores throughout Russia. During the first quarter of fiscal 2023, the Company announced that it had committed to divesting its minority investment, resulting in an impairment charge of $218 million representing the entire carrying value of the Company’s investment. Additionally, the Company realized a $54 million tax benefit when the Company completed the divestiture of this investment during the third quarter of fiscal 2023. See Note F—Fair Value Measurements for additional information.
Future Adoption of New Accounting Standards	Future Adoption of New Accounting Standards From time to time, the Financial Accounting Standards Board (“FASB”) or other standard setting bodies issue new accounting pronouncements. Updates to the FASB Accounting Standards Codification are communicated through issuance of an Accounting Standards Update (“ASU”). The Company has reviewed the new guidance and has determined that it will either not apply to TJX or is not expected to be material to its Consolidated Financial Statements upon adoption, and, therefore, the guidance is not disclosed.

Accumulated Other Comprehensive (Loss) Income

6 Months Ended

Jul. 29, 2023

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

Amounts included in Accumulated other comprehensive (loss) income are recorded net of taxes. The following table details the changes in Accumulated other comprehensive loss for the twelve months ended January 28, 2023 and the six months ended July 29, 2023:


In millions and net of immaterial taxes	Foreign Currency Translation		Deferred Benefit Costs		Accumulated Other Comprehensive (Loss) Income
Balance, January 29, 2022	$	(488)	$	(199)	$	(687)
Additions to other comprehensive loss:
Foreign currency translation adjustments, net of taxes	(56)		—		(56)

Recognition of net gains/losses on benefit obligations, net of taxes	—		121		121

Reclassifications from other comprehensive loss to net income:

Amortization of prior service cost and deferred gains/losses, net of taxes	—		16		16
Balance, January 28, 2023	$	(544)	$	(62)	$	(606)
Additions to other comprehensive loss:
Foreign currency translation adjustments, net of taxes	54		—		54
Reclassifications from other comprehensive loss to net income:


Amortization of prior service cost and deferred gains/losses, net of taxes	—		1		1
Balance, July 29, 2023	$	(490)	$	(61)	$	(551)

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax provision (benefit)	$ 1.0	$ 0.4	$ 0.4	$ (0.2)
Amortization of prior service cost and deferred gains/losses, tax provision	$ 0.1	$ 2.0	$ 0.2	$ 3.0

Financial Instruments - Additional Information (Details)	6 Months Ended
	Jul. 29, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Hedge of diesel fuel requirement, remainder of fiscal year 2023	50.00%
Foreign currency exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Term of derivative contracts	30 days

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jul. 29, 2023

Accounting Policies [Abstract]

Deferred Gift Card Revenue

The following table presents deferred gift card revenue activity:


In millions	July 29, 2023		July 30, 2022
Balance, beginning of year	$	721	$	685
Deferred revenue	858		852
Effect of exchange rates changes on deferred revenue	1		(3)
Revenue recognized	(916)		(905)
Balance, end of period	$	664	$	629

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:


	Twenty-Six Weeks Ended
In millions	July 29, 2023		July 30, 2022
Operating cash flows paid for operating leases	$	999	$	972
Lease liabilities arising from obtaining right of use assets	$	1,148	$	1,151

Segment Information - Financial Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Segment Reporting Information [Line Items]
Total net sales	$ 12,758	$ 11,843	$ 24,541	$ 23,249
General corporate expense	2,559	2,175	4,797	4,269
Impairment on equity investment	0	0	0	218
Interest (income) expense, net	(38)	11	(75)	30
Income before income taxes	1,327	1,086	2,535	1,938
Operating segments
Segment Reporting Information [Line Items]
Total segment profit	1,483	1,285	2,810	2,451
Operating segments \| Marmaxx
Segment Reporting Information [Line Items]
Total net sales	7,903	7,236	15,269	14,107
Total segment profit	1,084	933	2,112	1,837
Operating segments \| HomeGoods
Segment Reporting Information [Line Items]
Total net sales	2,011	1,856	3,977	3,892
Total segment profit	175	50	319	172
Operating segments \| TJX Canada
Segment Reporting Information [Line Items]
Total net sales	1,223	1,248	2,261	2,330
Total segment profit	192	197	309	324
Operating segments \| TJX International
Segment Reporting Information [Line Items]
Total net sales	1,621	1,503	3,034	2,920
Total segment profit	32	105	70	118
Corporate
Segment Reporting Information [Line Items]
General corporate expense	$ 194	$ 188	$ 350	$ 265

Accumulated Other Comprehensive (Loss) Income - Change in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022	Jan. 28, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 6,422	$ 5,595	$ 6,364	$ 6,003	$ 6,003
Foreign currency translation adjustments, net of taxes	40	(30)	54	(89)	(56)
Recognition of net gains/losses on benefit obligations, net of taxes					121
Amortization of prior service cost and deferred gains/losses, net of taxes	1	4	1	8	16
Ending balance	6,608	5,397	6,608	5,397	6,364
Accumulated Other Comprehensive (Loss) Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(592)	(742)	(606)	(687)	(687)
Ending balance	(551)	$ (768)	(551)	(768)	(606)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(544)	(488)	(488)
Foreign currency translation adjustments, net of taxes			54		(56)
Ending balance	(490)		(490)		(544)
Deferred Benefit Costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(62)	$ (199)	(199)
Recognition of net gains/losses on benefit obligations, net of taxes					121
Amortization of prior service cost and deferred gains/losses, net of taxes			1		16
Ending balance	$ (61)		$ (61)		$ (62)

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
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-Name Accounting Standards Codification
-Section 55
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-URI https://asc.fasb.org//1943274/2147481372/852-10-55-10

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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (f)
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+ Details

Capital Stock and Earnings Per Share - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022	Feb. 28, 2023
Capital Unit [Line Items]
Common stock repurchased and retired	$ 554	$ 700	$ 1,050	$ 1,307
Stock repurchase program, additional authorized amount					$ 2,000
Remaining available stock under stock repurchase plan	$ 2,500		$ 2,500
Antidilutive options excluded (in shares)	0.0	5.1	0.0	5.1
Trade Date Basis
Capital Unit [Line Items]
Common stock repurchased and retired (in shares)	6.7		13.2
Common stock repurchased and retired	$ 555		$ 1,100
Settlement Date Basis
Capital Unit [Line Items]
Common stock repurchased and retired			$ 1,000	$ 1,300

Segment Information (Tables)

6 Months Ended

Jul. 29, 2023

Segment Reporting [Abstract]

Financial Information on Business Segments

Presented below is financial information with respect to TJX’s business segments:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
In millions	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Net sales:
In the United States:
Marmaxx	$	7,903	$	7,236	$	15,269	$	14,107
HomeGoods	2,011		1,856		3,977		3,892
TJX Canada	1,223		1,248		2,261		2,330
TJX International	1,621		1,503		3,034		2,920
Total net sales	$	12,758	$	11,843	$	24,541	$	23,249
Segment profit:
In the United States:
Marmaxx	$	1,084	$	933	$	2,112	$	1,837
HomeGoods	175		50		319		172
TJX Canada	192		197		309		324
TJX International	32		105		70		118
Total segment profit	1,483		1,285		2,810		2,451
General corporate expense	194		188		350		265

Impairment on equity investment	—		—		—		218

Interest (income) expense, net	(38)		11		(75)		30
Income before income taxes	$	1,327	$	1,086	$	2,535	$	1,938

Capital Stock and Earnings Per Share (Tables)

6 Months Ended

Jul. 29, 2023

Equity [Abstract]

Earnings Per Share Calculation

The following table presents the calculation of basic and diluted earnings per share:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
Amounts in millions, except per share amounts	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Basic earnings per share:
Net income	$	989	$	810	$	1,880	$	1,397
Weighted average common shares outstanding for basic earnings per share calculation	1,148		1,168		1,151		1,173
Basic earnings per share	$	0.86	$	0.69	$	1.63	$	1.19
Diluted earnings per share:
Net income	$	989	$	810	$	1,880	$	1,397

Weighted average common shares outstanding for basic earnings per share calculation	1,148		1,168		1,151		1,173
Assumed exercise/vesting of stock options and awards	13		10		12		11
Weighted average common shares outstanding for diluted earnings per share calculation	1,161		1,178		1,163		1,184
Diluted earnings per share	$	0.85	$	0.69	$	1.62	$	1.18
Cash dividends declared per share	$	0.3325	$	0.295	$	0.665	$	0.59

Basis of Presentation and Summary of Significant Accounting Policies - Deferred Gift Card Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Movement in Contract with Customer, Liability [Roll Forward]
Beginning balance			$ 721	$ 685
Deferred revenue			858	852
Effect of exchange rates changes on deferred revenue			1	(3)
Revenue recognized	$ (472)	$ (462)	(916)	(905)
Ending balance	$ 664	$ 629	$ 664	$ 629

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Income Statement [Abstract]
Net sales	$ 12,758	$ 11,843	$ 24,541	$ 23,249
Cost of sales, including buying and occupancy costs	8,910	8,571	17,284	16,794
Selling, general and administrative expenses	2,559	2,175	4,797	4,269
Impairment on equity investment	0	0	0	218
Interest (income) expense, net	(38)	11	(75)	30
Income before income taxes	1,327	1,086	2,535	1,938
Provision for income taxes	338	276	655	541
Net income	$ 989	$ 810	$ 1,880	$ 1,397
Basic earnings per share (in dollars per share)	$ 0.86	$ 0.69	$ 1.63	$ 1.19
Weighted average common shares – basic (in shares)	1,148	1,168	1,151	1,173
Diluted earnings per share (in dollars per share)	$ 0.85	$ 0.69	$ 1.62	$ 1.18
Weighted average common shares – diluted (in shares)	1,161	1,178	1,163	1,184

Capital Stock and Earnings Per Share

6 Months Ended

Jul. 29, 2023

Equity [Abstract]

Capital Stock and Earnings Per Share

Capital Stock

TJX repurchased and retired 6.7 million shares of its common stock at a cost of approximately $555 million, including applicable excise tax, during the quarter ended July 29, 2023, on a “trade date” basis. During the six months ended July 29, 2023, TJX repurchased and retired 13.2 million shares of its common stock at a cost of approximately $1.1 billion, on a “trade date” basis. TJX reflects stock repurchases in its consolidated financial statements on a “settlement date” or cash basis. TJX had cash expenditures under repurchase programs of $1 billion for the six months ended July 29, 2023 and $1.3 billion for the six months ended July 30, 2022. These expenditures were funded by cash on hand and cash generated from current and prior period operations.

In February 2023, the Company announced that its Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $2 billion of TJX common stock from time to time. Under this program and previously announced programs, TJX had approximately $2.5 billion available for repurchase as of July 29, 2023.

All shares repurchased under the stock repurchase programs have been retired.

Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
Amounts in millions, except per share amounts	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Basic earnings per share:
Net income	$	989	$	810	$	1,880	$	1,397
Weighted average common shares outstanding for basic earnings per share calculation	1,148		1,168		1,151		1,173
Basic earnings per share	$	0.86	$	0.69	$	1.63	$	1.19
Diluted earnings per share:
Net income	$	989	$	810	$	1,880	$	1,397

Weighted average common shares outstanding for basic earnings per share calculation	1,148		1,168		1,151		1,173
Assumed exercise/vesting of stock options and awards	13		10		12		11
Weighted average common shares outstanding for diluted earnings per share calculation	1,161		1,178		1,163		1,184
Diluted earnings per share	$	0.85	$	0.69	$	1.62	$	1.18
Cash dividends declared per share	$	0.3325	$	0.295	$	0.665	$	0.59

The weighted average common shares for the diluted earnings per share calculation excludes the impact of outstanding stock options if the assumed proceeds per share of the option is in excess of the average price of TJX’s common stock for the related fiscal periods. Such options are excluded because they would have an antidilutive effect. There were no such options excluded for the thirteen weeks and twenty-six weeks ended July 29, 2023. There were 5.1 million such options excluded for the thirteen weeks and twenty-six weeks ended July 30, 2022.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Long-Term Debt and Credit Lines - Exclusive of Current Installments (Details) - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023	Jul. 30, 2022
Debt Instrument [Line Items]
Current maturities of long-term debt, net of debt issuance costs	$ 0	$ (500)	$ (500)
Debt issuance costs	(15)	(16)	(17)
Long-term debt	2,861	2,859	2,857
Senior Notes
Debt Instrument [Line Items]
Total debt	$ 2,876	3,375	3,374
Senior Notes \| 2.50% Senior Unsecured Notes Due May 15, 2023
Debt Instrument [Line Items]
Debt instrument, interest rate	2.50%
Effective interest rate	2.51%
Total debt	$ 0	500	500
Senior Notes \| 2.25% Senior Unsecured Notes Due September 15, 2026
Debt Instrument [Line Items]
Debt instrument, interest rate	2.25%
Effective interest rate	2.32%
Total debt	$ 998	997	997
Senior Notes \| 1.150% Senior Unsecured Notes Due May 15, 2028
Debt Instrument [Line Items]
Debt instrument, interest rate	1.15%
Effective interest rate	1.18%
Total debt	$ 499	499	499
Senior Notes \| 3.875% Senior Unsecured Notes Due April 15, 2030
Debt Instrument [Line Items]
Debt instrument, interest rate	3.875%
Effective interest rate	3.89%
Total debt	$ 496	496	495
Senior Notes \| 1.600% Senior Unsecured Notes Due May 15, 2031
Debt Instrument [Line Items]
Debt instrument, interest rate	1.60%
Effective interest rate	1.61%
Total debt	$ 500	500	500
Senior Notes \| 4.500% Senior Unsecured Notes Due April 15, 2050
Debt Instrument [Line Items]
Debt instrument, interest rate	4.50%
Effective interest rate	4.52%
Total debt	$ 383	$ 383	$ 383

Contingent Obligations, Contingencies, and Commitments	6 Months Ended
Contingent Obligations, Contingencies, and Commitments	Jul. 29, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingent Obligations, Contingencies, and Commitments	Contingent Obligations, Contingencies, and Commitments Contingent Contractual Obligations TJX is a party to various agreements under which it may be obligated to indemnify the other party with respect to certain losses related to matters including title to assets sold, specified environmental matters or certain income taxes. These obligations are sometimes limited in time or amount. There are no amounts reflected in the Company’s Consolidated Balance Sheets with respect to these contingent obligations. Legal Contingencies TJX is subject to certain legal proceedings, lawsuits, disputes and claims that arise from time to time in the ordinary course of its business.

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Apr. 30, 2022	Jul. 29, 2023	Jul. 30, 2022	Jan. 28, 2023
Fair Value Disclosures [Abstract]
Fair value of long-term debt	$ 2,600	$ 2,700		$ 2,600	$ 2,700	$ 2,600
Long-term debt	2,861	2,857		2,861	2,857	2,859
Fair-value of current debt		497			497	497
Current portion of long-term debt	0	500		0	500	$ 500
Schedule of Equity Method Investments [Line Items]
Impairment on equity investment	$ 0	$ 0		$ 0	$ 218
Familia
Schedule of Equity Method Investments [Line Items]
Impairment on equity investment			$ 218

Financial Instruments (Tables)

6 Months Ended

Jul. 29, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments, Related Fair Value and Balance Sheet Classification

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at July 29, 2023:


In millions		Pay	Receive		Blended Contract Rate	Balance Sheet Location	Current Asset U.S.$		Current (Liability) U.S.$		Net Fair Value in U.S.$ at July 29, 2023
Fair value hedges:
Intercompany balances, primarily debt:

	€	60	£	52	0.8738	Prepaid Exp	$	0.6	$	—	$	0.6
	A$	162	U.S.$	112	0.6926	Prepaid Exp	3.5		—		3.5
	U.S.$	69	£	55	0.8010	Prepaid Exp	2.0		—		2.0
	£	200	U.S.$	244	1.2191	(Accrued Exp)	—		(13.4)		(13.4)
	€	200	U.S.$	219	1.0964	Prepaid Exp / (Accrued Exp)	0.3		(3.3)		(3.0)

Economic hedges for which hedge accounting was not elected:
	Diesel fuel contracts	Fixed on 3.0M – 3.8M gal per month	Float on 3.0M – 3.8M gal per month		N/A	(Accrued Exp)	—		(2.0)		(2.0)
Intercompany billings in TJX International, primarily merchandise:
	€	107	£	91	0.8526	(Accrued Exp)	—		(0.8)		(0.8)
Merchandise purchase commitments:
	C$	876	U.S.$	655	0.7473	Prepaid Exp / (Accrued Exp)	0.2		(9.0)		(8.8)
	C$	28	€	19	0.6799	Prepaid Exp / (Accrued Exp)	0.1		(0.3)		(0.2)
	£	376	U.S.$	468	1.2462	Prepaid Exp / (Accrued Exp)	0.5		(15.5)		(15.0)
	A$	96	U.S.$	65	0.6810	Prepaid Exp	1.3		—		1.3
	zł	605	£	114	0.1878	(Accrued Exp)	—		(4.4)		(4.4)

	U.S.$	110	€	101	0.9139	Prepaid Exp / (Accrued Exp)	1.3		(0.3)		1.0
Total fair value of derivative financial instruments							$	9.8	$	(49.0)	$	(39.2)

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at January 28, 2023:


In millions		Pay	Receive		Blended Contract Rate	Balance Sheet Location	Current Asset U.S.$		Current (Liability) U.S.$		Net Fair Value in U.S.$ at January 28, 2023
Fair value hedges:
Intercompany balances, primarily debt:

	€	60	£	53	0.8807	(Accrued Exp)	$	—	$	(0.3)	$	(0.3)
	A$	150	U.S.$	105	0.7003	(Accrued Exp)	—		(2.6)		(2.6)
	U.S.$	69	£	55	0.8010	(Accrued Exp)	—		(0.3)		(0.3)
	£	200	U.S.$	244	1.2191	(Accrued Exp)	—		(5.5)		(5.5)
	€	200	U.S.$	213	1.0652	Prepaid Exp / (Accrued Exp)	0.8		(7.0)		(6.2)
Economic hedges for which hedge accounting was not elected:
	Diesel fuel contracts	Fixed on 3.2M – 3.6M gal per month	Float on 3.2M– 3.6M gal per month		N/A	Prepaid Exp	3.9		—		3.9
Intercompany billings in TJX International, primarily merchandise:
	€	146	£	129	0.8834	Prepaid Exp	0.8		—		0.8
Merchandise purchase commitments:
	C$	705	U.S.$	525	0.7449	Prepaid Exp / (Accrued Exp)	2.2		(7.1)		(4.9)
	C$	23	€	16	0.7064	Prepaid Exp / (Accrued Exp)	0.4		(0.0)		0.4
	£	299	U.S.$	356	1.1916	Prepaid Exp / (Accrued Exp)	0.1		(15.4)		(15.3)
	zł	507	£	91	0.1788	(Accrued Exp)	—		(3.6)		(3.6)
	A$	104	U.S.$	71	0.6819	(Accrued Exp)	—		(3.3)		(3.3)
	U.S.$	85	€	82	0.9634	Prepaid Exp	4.3		—		4.3
Total fair value of derivative financial instruments							$	12.5	$	(45.1)	$	(32.6)

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at July 30, 2022:


In millions		Pay	Receive		Blended Contract Rate	Balance Sheet Location	Current Asset U.S.$		Current (Liability) U.S.$		Net Fair Value in U.S.$ at July 30, 2022
Fair value hedges:
Intercompany balances, primarily debt:

	€	60	£	51	0.8428	Prepaid Exp	$	0.3	$	—	$	0.3
	A$	170	U.S.$	120	0.7034	Prepaid Exp / (Accrued Exp)	0.8		(1.0)		(0.2)
	U.S.$	75	£	55	0.7368	(Accrued Exp)	—		(6.8)		(6.8)
	£	150	U.S.$	204	1.3578	Prepaid Exp	19.1		—		19.1
	€	200	U.S.$	223	1.1156	Prepaid Exp / (Accrued Exp)	14.7		(0.1)		14.6

Economic hedges for which hedge accounting was not elected:
	Diesel fuel contracts	Fixed on 2.6M – 3.9M gal per month	Float on 2.6M – 3.9M gal per month		N/A	Prepaid Exp	38.2		—		38.2
Intercompany billings in TJX International, primarily merchandise:
	€	206	£	174	0.8462	Prepaid Exp	2.1		—		2.1


Merchandise purchase commitments:
	C$	807	U.S.$	635	0.7867	Prepaid Exp / (Accrued Exp)	6.7		(1.0)		5.7
	C$	26	€	19	0.7314	(Accrued Exp)	—		(0.7)		(0.7)
	£	440	U.S.$	569	1.2941	Prepaid Exp / (Accrued Exp)	30.0		(2.2)		27.8
	A$	71	U.S.$	51	0.7141	Prepaid Exp / (Accrued Exp)	1.1		(0.4)		0.7
	zł	701	£	124	0.1770	Prepaid Exp / (Accrued Exp)	2.2		(0.0)		2.2

	U.S.$	114	€	105	0.9188	Prepaid Exp / (Accrued Exp)	0.1		(6.0)		(5.9)
Total fair value of derivative financial instruments							$	115.3	$	(18.2)	$	97.1

Impact of Derivative Financial Instruments on Statements of (Loss) Income

The impact of derivative financial instruments on the Consolidated Statements of Income is presented below:


		Amount of (Loss) Gain Recognized in Income by Derivative
	Location of (Loss) Gain Recognized in Income by Derivative	Thirteen Weeks Ended				Twenty-Six Weeks Ended
In millions		July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Fair value hedges:
Intercompany balances, primarily debt	Selling, general and administrative expenses	$	(3)	$	9	$	3	$	33
Economic hedges for which hedge accounting was not elected:

Diesel fuel contracts	Cost of sales, including buying and occupancy costs	10		10		(8)		54
Intercompany billings in TJX International, primarily merchandise	Cost of sales, including buying and occupancy costs	4		0		4		0

Merchandise purchase commitments	Cost of sales, including buying and occupancy costs	(30)		7		(22)		48
(Loss) gain recognized in income		$	(19)	$	26	$	(23)	$	135

Financial Instruments - Impact of Derivative Financial Instruments on Statement of Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Cost of sales, including buying and occupancy costs, Selling, general and administrative expenses	Cost of sales, including buying and occupancy costs, Selling, general and administrative expenses
(Loss) gain recognized in income	$ (19)	$ 26	$ (23)	$ 135
Intercompany balances, primarily debt: \| Fair Value Hedges
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain recognized in income	(3)	9	3	33
Diesel fuel contracts \| Economic Hedges For Which Hedge Accounting Was Not Elected
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain recognized in income	10	10	(8)	54
Intercompany billings in TJX International, primarily merchandise \| Economic Hedges For Which Hedge Accounting Was Not Elected
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain recognized in income	4	0	4	0
Merchandise purchase commitments \| Economic Hedges For Which Hedge Accounting Was Not Elected
Derivative Instruments, Gain (Loss) [Line Items]
(Loss) gain recognized in income	$ (30)	$ 7	$ (22)	$ 48

Fair Value Measurements

6 Months Ended

Jul. 29, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date or “exit price”. The inputs used to measure fair value are generally classified into the following hierarchy:


Level 1:						Unadjusted quoted prices in active markets for identical assets or liabilities

Level 2:						Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability

Level 3:						Unobservable inputs for the asset or liability

The following table sets forth TJX’s financial assets and liabilities that are accounted for at fair value on a recurring basis:


In millions	July 29, 2023		January 28, 2023		July 30, 2022
Level 1
Assets:
Executive Savings Plan investments	$	394.8	$	371.6	$	364.3
Level 2
Assets:

Foreign currency exchange contracts	$	9.8	$	8.6	$	77.1
Diesel fuel contracts	—		3.9		38.2
Liabilities:
Foreign currency exchange contracts	$	47.0	$	45.1	$	18.2
Diesel fuel contracts	2.0		—		—

Investments designed to meet obligations under the Executive Savings Plan are invested in registered investment companies traded in active markets and are recorded at unadjusted quoted prices.

Foreign currency exchange contracts and diesel fuel contracts are valued using broker quotations, which include observable market information. TJX does not make adjustments to quotes or prices obtained from brokers or pricing services but does assess the credit risk of counterparties and will adjust final valuations when appropriate. Where independent pricing services provide fair values, TJX obtains an understanding of the methods used in pricing. As such, these instruments are classified within Level 2.

The fair value of TJX’s general corporate debt was estimated by obtaining market quotes given the trading levels of other bonds of the same general issuer type and market perceived credit quality. These inputs are considered to be Level 2 inputs. The fair value of long-term debt as of July 29, 2023 was $2.6 billion compared to a carrying value of $2.9 billion primarily due to the recent increase in interest rates. The fair value of long-term debt as of January 28, 2023 was $2.6 billion compared to a carrying value of $2.9 billion. The fair value of the current portion of long-term debt as of January 28, 2023 was $497 million compared to a carrying value of $500 million. The fair value of long-term debt as of July 30, 2022 was $2.7 billion compared to a carrying value of $2.9 billion. The fair value of the current portion of long-term debt as of July 30, 2022 was $497 million compared to a carrying value of $500 million. These estimates do not necessarily reflect provisions or restrictions in the various debt agreements that might affect TJX’s ability to settle these obligations. For additional information on long-term debt, see Note I—Long-Term Debt and Credit Lines.

TJX’s cash equivalents are stated at cost, which approximates fair value due to the short maturities of these instruments.

Certain assets and liabilities are measured at fair value on a nonrecurring basis, whereas the majority of assets and liabilities are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances, such as when there is evidence of an impairment. For the periods ended July 29, 2023, January 28, 2023 and July 30, 2022, the Company did not record any material impairments to long-lived assets.

During the first quarter of fiscal 2023, the Company announced its intention to divest from its position in its minority investment in Familia and re-characterized this investment as held-for-sale valued as a Level 3 position. Given the lack of an active market or observable inputs, the Company derived an exit price which indicated that this investment had no market value. As a result, the Company recorded a $218 million charge in the first quarter of fiscal 2023, which represented the entirety of its investment. See Note A—Basis of Presentation and Summary of Significant Accounting Policies for additional information.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Fair Value Measurements - Financial Assets and Liabilities on a Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023	Jul. 30, 2022
Executive Savings Plan investments \| Level 1
Assets:
Executive Savings Plan investments	$ 394.8	$ 371.6	$ 364.3
Foreign currency exchange contracts \| Level 2
Assets:
Foreign currency exchange contracts	9.8	8.6	77.1
Liabilities:
Foreign currency exchange contracts	47.0	45.1	18.2
Diesel fuel contracts \| Level 2
Assets:
Diesel fuel contracts	0.0	3.9	38.2
Liabilities:
Diesel fuel contracts	$ 2.0	$ 0.0	$ 0.0

Property at Cost - Components of Property at Cost (Details) - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023	Jul. 30, 2022
Property, Plant and Equipment [Line Items]
Total property at cost	$ 14,030	$ 13,317	$ 12,707
Less: accumulated depreciation and amortization	7,864	7,534	7,317
Net property at cost	6,166	5,783	5,390
Land and buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,086	2,043	1,960
Leasehold costs and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,147	3,874	3,667
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 7,797	$ 7,400	$ 7,080

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	Jul. 29, 2023	Apr. 29, 2023	Jan. 28, 2023	Jul. 30, 2022	Apr. 30, 2022	Jan. 29, 2022
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in dollars per share)	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Pay vs Performance Disclosure
Net income	$ 989	$ 810	$ 1,880	$ 1,397

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Basis of Presentation and Summary of Significant Accounting Policies - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022
Accounting Policies [Abstract]
Operating cash flows paid for operating leases	$ 999	$ 972
Lease liabilities arising from obtaining right of use assets	$ 1,148	$ 1,151

Income Taxes	6 Months Ended
Income Taxes	Jul. 29, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In August 2022, the Inflation Reduction Act of 2022 (“IRA”), was signed into law. Among other things, the IRA imposes a 15% corporate alternative minimum tax (the “Corporate AMT”) for tax years beginning after December 31, 2022 and levies a 1% excise tax on net stock repurchases after December 31, 2022. The excise tax on the net stock repurchase, Corporate AMT, or other provisions of the IRA did not have a material impact on our results of operations or financial position for the first six months of fiscal 2024. The effective income tax rate was 25.5% for the second quarter of fiscal 2024 and 25.4% for the second quarter of fiscal 2023. The effective income tax rate was 25.8% for the first six months of fiscal 2024 and 27.9% for the first six months of fiscal 2023. The decrease in the effective income tax rate for the first six months of fiscal 2024 was primarily due to the first six months of fiscal 2023 reflecting the impairment of our minority investment in Familia with no estimated tax benefit and the increase in excess tax benefit from share-based compensation in fiscal 2024, partially offset by the resolution of various tax matters in fiscal 2024. TJX had net unrecognized tax benefits of $264 million as of July 29, 2023, $265 million as of January 28, 2023 and $272 million as of July 30, 2022. TJX is subject to U.S. federal income tax as well as income tax in multiple state, local and foreign jurisdictions. In the U.S. and India, fiscal years through 2010 are no longer subject to examination. In all other jurisdictions, fiscal years through 2011 are no longer subject to examination. TJX’s accounting policy is to classify interest and penalties related to income tax matters as part of income tax expense. The accrued amounts for interest and penalties on the Consolidated Balance Sheets was $39 million as of July 29, 2023, $37 million as of January 28, 2023 and $39 million as of July 30, 2022. Based on the final resolution of tax examinations, judicial or administrative proceedings, changes in facts or law, expirations of statutes of limitations in specific jurisdictions or other resolutions of, or changes in, tax positions, it is reasonably possible that unrecognized tax benefits for certain tax positions taken on previously filed tax returns may change materially from those represented on the consolidated financial statements as of July 29, 2023. During the next 12 months, it is reasonably possible that tax audit resolutions may reduce unrecognized tax benefits by up to $51 million, which would reduce the provision for taxes on earnings.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Accumulated Other Comprehensive (Loss) Income (Tables)

6 Months Ended

Jul. 29, 2023

Equity [Abstract]

Changes in Accumulated Other Comprehensive (Loss) Income

The following table details the changes in Accumulated other comprehensive loss for the twelve months ended January 28, 2023 and the six months ended July 29, 2023:


In millions and net of immaterial taxes	Foreign Currency Translation		Deferred Benefit Costs		Accumulated Other Comprehensive (Loss) Income
Balance, January 29, 2022	$	(488)	$	(199)	$	(687)
Additions to other comprehensive loss:
Foreign currency translation adjustments, net of taxes	(56)		—		(56)

Recognition of net gains/losses on benefit obligations, net of taxes	—		121		121

Reclassifications from other comprehensive loss to net income:

Amortization of prior service cost and deferred gains/losses, net of taxes	—		16		16
Balance, January 28, 2023	$	(544)	$	(62)	$	(606)
Additions to other comprehensive loss:
Foreign currency translation adjustments, net of taxes	54		—		54
Reclassifications from other comprehensive loss to net income:


Amortization of prior service cost and deferred gains/losses, net of taxes	—		1		1
Balance, July 29, 2023	$	(490)	$	(61)	$	(551)

Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 29, 2023	Jan. 28, 2023	Jul. 30, 2022
Current assets:
Cash and cash equivalents	$ 4,550	$ 5,477	$ 3,531
Accounts receivable, net	548	563	556
Merchandise inventories	6,585	5,819	7,083
Prepaid expenses and other current assets	507	478	553
Federal, state and foreign income taxes recoverable	148	119	112
Total current assets	12,338	12,456	11,835
Noncurrent assets:
Net property at cost	6,166	5,783	5,390
Non-current deferred income taxes, net	149	158	172
Operating lease right of use assets	9,406	9,086	8,987
Goodwill	95	97	97
Other assets	768	769	610
Total assets	28,922	28,349	27,091
Current liabilities:
Accounts payable	4,438	3,794	4,085
Accrued expenses and other current liabilities	4,244	4,346	3,928
Current portion of operating lease liabilities	1,618	1,610	1,572
Current portion of long-term debt	0	500	500
Federal, state and foreign income taxes payable	17	55	62
Total current liabilities	10,317	10,305	10,147
Noncurrent liabilities:
Other long-term liabilities	915	919	917
Non-current deferred income taxes, net	132	127	67
Long-term operating lease liabilities	8,089	7,775	7,706
Long-term debt	2,861	2,859	2,857
Commitments and contingencies (See Note K)
Shareholders’ equity
Preferred stock, authorized 5,000,000 shares, par value $1, no shares issued	0	0	0
Common stock, authorized 1,800,000,000 shares, par value $1, issued and outstanding 1,144,948,031; 1,155,437,908 and 1,161,886,769 respectively	1,145	1,155	1,162
Additional paid-in capital	0	0	0
Accumulated other comprehensive (loss) income	(551)	(606)	(768)
Retained earnings	6,014	5,815	5,003
Total shareholders’ equity	6,608	6,364	5,397
Total liabilities and shareholders’ equity	$ 28,922	$ 28,349	$ 27,091

Property at Cost (Tables)

6 Months Ended

Jul. 29, 2023

Property, Plant and Equipment [Abstract]

Components of Property at Cost

The following table presents the components of property at cost:


In millions	July 29, 2023		January 28, 2023		July 30, 2022
Land and buildings	$	2,086	$	2,043	$	1,960
Leasehold costs and improvements	4,147		3,874		3,667
Furniture, fixtures and equipment	7,797		7,400		7,080
Total property at cost	$	14,030	$	13,317	$	12,707
Less: accumulated depreciation and amortization	7,864		7,534		7,317
Net property at cost	$	6,166	$	5,783	$	5,390

Cover - shares	6 Months Ended
Cover - shares	Jul. 29, 2023	Aug. 18, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 29, 2023
Document Transition Report	false
Entity File Number	1-4908
Entity Registrant Name	The TJX Companies, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	04-2207613
Entity Address, Address Line One	770 Cochituate Road
Entity Address, City or Town	Framingham
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01701
City Area Code	508
Local Phone Number	390-1000
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	TJX
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,144,080,554
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000109198
Current Fiscal Year End Date	--02-03

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 989	$ 810	$ 1,880	$ 1,397
Additions to other comprehensive income (loss):
Foreign currency translation adjustments, net of related tax provision and benefits	40	(30)	54	(89)
Reclassifications from other comprehensive income (loss) to net income:
Amortization of prior service cost and deferred gains/losses, net of related tax provisions	1	4	1	8
Other comprehensive income (loss), net of tax	41	(26)	55	(81)
Total comprehensive income	$ 1,030	$ 784	$ 1,935	$ 1,316

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

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+ Details

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jul. 29, 2023	Oct. 29, 2022	Jul. 30, 2022	Apr. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Schedule of Equity Method Investments [Line Items]
Impairment on equity investment	$ 0		$ 0		$ 0	$ 218
Tax benefit		$ 54
Gift card revenue recognized	$ 472		$ 462		$ 916	$ 905
Familia
Schedule of Equity Method Investments [Line Items]
Impairment on equity investment				$ 218

Pension Plans and Other Retirement Benefits - Financial Information Related to Funded Defined Benefit Pension Plan and Unfunded Supplemental Pension Plan (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 29, 2023	Jul. 30, 2022
Funded Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 9	$ 11	$ 17	$ 23
Interest cost	18	14	36	29
Expected return on plan assets	(20)	(22)	(40)	(44)
Amortization of net actuarial loss and prior service cost	0	5	0	9
Total expense	7	8	13	17
Unfunded Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	1	1
Interest cost	2	1	3	2
Expected return on plan assets	0	0	0	0
Amortization of net actuarial loss and prior service cost	1	1	1	2
Total expense	$ 3	$ 2	$ 5	$ 5

Pension Plans and Other Retirement Benefits

6 Months Ended

Jul. 29, 2023

Retirement Benefits [Abstract]

Pension Plans and Other Retirement Benefits

Pension Plans and Other Retirement Benefits Presented below is financial information relating to TJX’s funded defined benefit pension plan (“qualified pension plan” or “funded plan”) and its unfunded supplemental pension plan (“unfunded plan”) for the periods shown:


	Funded Plan				Unfunded Plan
	Thirteen Weeks Ended				Thirteen Weeks Ended
In millions	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Service cost	$	9	$	11	$	0	$	0
Interest cost	18		14		2		1
Expected return on plan assets	(20)		(22)		—		—
Amortization of net actuarial loss and prior service cost	0		5		1		1


Total expense	$	7	$	8	$	3	$	2

	Funded Plan				Unfunded Plan
	Twenty-Six Weeks Ended				Twenty-Six Weeks Ended
In millions	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Service cost	$	17	$	23	$	1	$	1
Interest cost	36		29		3		2
Expected return on plan assets	(40)		(44)		—		—
Amortization of net actuarial loss and prior service cost	0		9		1		2


Total expense	$	13	$	17	$	5	$	5

TJX’s policy with respect to the funded plan is to fund, at a minimum, the amount required to maintain a funded status of 80% of the applicable pension liability (the Funding Target pursuant to the Internal Revenue Code section 430) or such other amount as is sufficient to avoid restrictions with respect to the funding of nonqualified plans under the Internal Revenue Code. The Company does not anticipate any required funding in fiscal 2024 for the funded plan. The Company anticipates making contributions of $4 million to provide current benefits coming due under the unfunded plan in fiscal 2024.

The amounts included in Amortization of net actuarial loss and prior service cost in the table above have been reclassified in their entirety from Accumulated other comprehensive (loss) income to the Consolidated Statements of Income, net of related tax effects, for the periods presented.

The Company has offered eligible former TJX Associates who have not yet commenced their qualified pension plan benefit an opportunity to receive a voluntary lump sum payout of their vested pension plan benefit. As a result, the Company anticipates an immaterial non-cash settlement charge. This potential non-cash settlement charge is expected to be incurred in the third quarter of fiscal 2024 and would impact the Company’s pretax profit margin and earnings per share results.

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

Financial Instruments - Summary of Derivative Financial Instruments, Related Fair Value and Balance Sheet Classification (Details) € in Millions, £ in Millions, zł in Millions, gal / mo in Millions, $ in Millions, $ in Millions, $ in Millions	6 Months Ended		12 Months Ended
	Jul. 29, 2023 USD ($) gal / mo	Jul. 30, 2022 USD ($) gal / mo	Jan. 28, 2023 USD ($) gal / mo	Jul. 29, 2023 EUR (€)	Jul. 29, 2023 GBP (£)	Jul. 29, 2023 AUD ($)	Jul. 29, 2023 CAD ($)	Jul. 29, 2023 PLN (zł)	Jan. 28, 2023 EUR (€)	Jan. 28, 2023 GBP (£)	Jan. 28, 2023 AUD ($)	Jan. 28, 2023 CAD ($)	Jan. 28, 2023 PLN (zł)	Jul. 30, 2022 EUR (€)	Jul. 30, 2022 GBP (£)	Jul. 30, 2022 AUD ($)	Jul. 30, 2022 CAD ($)	Jul. 30, 2022 PLN (zł)
Derivatives, Fair Value [Line Items]
Current Asset U.S.$	$ 9.8	$ 115.3	$ 12.5
Current (Liability) U.S.$	(49.0)	(18.2)	(45.1)
Net Fair Value in U.S.$	(39.2)	97.1	(32.6)
Diesel fuel contracts \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Current Asset U.S.$		38.2	3.9
Current (Liability) U.S.$		0.0	0.0
Net Fair Value in U.S.$		$ 38.2	$ 3.9
Diesel fuel contracts \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Current Asset U.S.$	0.0
Current (Liability) U.S.$	(2.0)
Net Fair Value in U.S.$	$ (2.0)
Conversion of Euro to Pound \| Intercompany billings in TJX International, primarily merchandise \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Blended Contract Rate		0.8462	0.8834						0.8834	0.8834	0.8834	0.8834	0.8834	0.8462	0.8462	0.8462	0.8462	0.8462
Current Asset U.S.$		$ 2.1	$ 0.8
Current (Liability) U.S.$		0.0	0.0
Net Fair Value in U.S.$		$ 2.1	$ 0.8
Conversion of Euro to Pound \| Intercompany billings in TJX International, primarily merchandise \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate	0.8526			0.8526	0.8526	0.8526	0.8526	0.8526
Current Asset U.S.$	$ 0.0
Current (Liability) U.S.$	(0.8)
Net Fair Value in U.S.$	$ (0.8)
Conversion of Australian Dollar to US Dollar \| Merchandise purchase commitments \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Blended Contract Rate	0.6810			0.6810	0.6810	0.6810	0.6810	0.6810
Current Asset U.S.$	$ 1.3
Current (Liability) U.S.$	0.0
Net Fair Value in U.S.$	$ 1.3
Conversion of Australian Dollar to US Dollar \| Merchandise purchase commitments \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate			0.6819						0.6819	0.6819	0.6819	0.6819	0.6819
Current Asset U.S.$			$ 0.0
Current (Liability) U.S.$			(3.3)
Net Fair Value in U.S.$			$ (3.3)
Conversion of Australian Dollar to US Dollar \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate		0.7141												0.7141	0.7141	0.7141	0.7141	0.7141
Current Asset U.S.$		$ 1.1
Current (Liability) U.S.$		(0.4)
Net Fair Value in U.S.$		$ 0.7
Conversion of Pound to US Dollar \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate	1.2462	1.2941	1.1916	1.2462	1.2462	1.2462	1.2462	1.2462	1.1916	1.1916	1.1916	1.1916	1.1916	1.2941	1.2941	1.2941	1.2941	1.2941
Current Asset U.S.$	$ 0.5	$ 30.0	$ 0.1
Current (Liability) U.S.$	(15.5)	(2.2)	(15.4)
Net Fair Value in U.S.$	$ (15.0)	$ 27.8	$ (15.3)
Conversion of Canadian Dollar to US Dollar \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate	0.7473	0.7867	0.7449	0.7473	0.7473	0.7473	0.7473	0.7473	0.7449	0.7449	0.7449	0.7449	0.7449	0.7867	0.7867	0.7867	0.7867	0.7867
Current Asset U.S.$	$ 0.2	$ 6.7	$ 2.2
Current (Liability) U.S.$	(9.0)	(1.0)	(7.1)
Net Fair Value in U.S.$	$ (8.8)	$ 5.7	$ (4.9)
Conversion of Canadian Dollar to Euro \| Merchandise purchase commitments \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate		0.7314												0.7314	0.7314	0.7314	0.7314	0.7314
Current Asset U.S.$		$ 0.0
Current (Liability) U.S.$		(0.7)
Net Fair Value in U.S.$		$ (0.7)
Conversion of Canadian Dollar to Euro \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate	0.6799		0.7064	0.6799	0.6799	0.6799	0.6799	0.6799	0.7064	0.7064	0.7064	0.7064	0.7064
Current Asset U.S.$	$ 0.1		$ 0.4
Current (Liability) U.S.$	(0.3)		(0.0)
Net Fair Value in U.S.$	$ (0.2)		$ 0.4
Conversion of Zloty to Pound \| Merchandise purchase commitments \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate	0.1878		0.1788	0.1878	0.1878	0.1878	0.1878	0.1878	0.1788	0.1788	0.1788	0.1788	0.1788
Current Asset U.S.$	$ 0.0		$ 0.0
Current (Liability) U.S.$	(4.4)		(3.6)
Net Fair Value in U.S.$	$ (4.4)		$ (3.6)
Conversion of Zloty to Pound \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate		0.1770												0.1770	0.1770	0.1770	0.1770	0.1770
Current Asset U.S.$		$ 2.2
Current (Liability) U.S.$		(0.0)
Net Fair Value in U.S.$		$ 2.2
Conversion of US Dollar to Euro \| Merchandise purchase commitments \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Blended Contract Rate			0.9634						0.9634	0.9634	0.9634	0.9634	0.9634
Current Asset U.S.$			$ 4.3
Current (Liability) U.S.$			0.0
Net Fair Value in U.S.$			$ 4.3
Conversion of US Dollar to Euro \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate	0.9139	0.9188		0.9139	0.9139	0.9139	0.9139	0.9139						0.9188	0.9188	0.9188	0.9188	0.9188
Current Asset U.S.$	$ 1.3	$ 0.1
Current (Liability) U.S.$	(0.3)	(6.0)
Net Fair Value in U.S.$	$ 1.0	$ (5.9)
Pay \| Diesel fuel contracts \| Prepaid Exp \| Minimum
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount \| gal / mo		2.6	3.2
Pay \| Diesel fuel contracts \| Prepaid Exp \| Maximum
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount \| gal / mo		3.9	3.6
Pay \| Diesel fuel contracts \| (Accrued Exp) \| Minimum
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount \| gal / mo	3.0
Pay \| Diesel fuel contracts \| (Accrued Exp) \| Maximum
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount \| gal / mo	3.8
Pay \| Conversion of Euro to Pound \| Intercompany billings in TJX International, primarily merchandise \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount \| €									€ 146					€ 206
Pay \| Conversion of Euro to Pound \| Intercompany billings in TJX International, primarily merchandise \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| €				€ 107
Pay \| Conversion of Australian Dollar to US Dollar \| Merchandise purchase commitments \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount						$ 96
Pay \| Conversion of Australian Dollar to US Dollar \| Merchandise purchase commitments \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount											$ 104
Pay \| Conversion of Australian Dollar to US Dollar \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount																$ 71
Pay \| Conversion of Pound to US Dollar \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £					£ 376					£ 299					£ 440
Pay \| Conversion of Canadian Dollar to US Dollar \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount							$ 876					$ 705					$ 807
Pay \| Conversion of Canadian Dollar to Euro \| Merchandise purchase commitments \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount																	$ 26
Pay \| Conversion of Canadian Dollar to Euro \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount							$ 28					$ 23
Pay \| Conversion of Zloty to Pound \| Merchandise purchase commitments \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| zł								zł 605					zł 507
Pay \| Conversion of Zloty to Pound \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| zł																		zł 701
Pay \| Conversion of US Dollar to Euro \| Merchandise purchase commitments \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount			$ 85.0
Pay \| Conversion of US Dollar to Euro \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount	$ 110.0	$ 114.0
Receive \| Diesel fuel contracts \| Prepaid Exp \| Minimum
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount \| gal / mo		2.6	3.2
Receive \| Diesel fuel contracts \| Prepaid Exp \| Maximum
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount \| gal / mo		3.9	3.6
Receive \| Diesel fuel contracts \| (Accrued Exp) \| Minimum
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount \| gal / mo	3.0
Receive \| Diesel fuel contracts \| (Accrued Exp) \| Maximum
Derivatives, Fair Value [Line Items]
Derivative nonmonetary notional amount \| gal / mo	3.8
Receive \| Conversion of Euro to Pound \| Intercompany billings in TJX International, primarily merchandise \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £										129					174
Receive \| Conversion of Euro to Pound \| Intercompany billings in TJX International, primarily merchandise \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £					91
Receive \| Conversion of Australian Dollar to US Dollar \| Merchandise purchase commitments \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount	$ 65.0
Receive \| Conversion of Australian Dollar to US Dollar \| Merchandise purchase commitments \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount			$ 71.0
Receive \| Conversion of Australian Dollar to US Dollar \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount		$ 51.0
Receive \| Conversion of Pound to US Dollar \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount	468.0	569.0	356.0
Receive \| Conversion of Canadian Dollar to US Dollar \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount	$ 655.0	$ 635.0	$ 525.0
Receive \| Conversion of Canadian Dollar to Euro \| Merchandise purchase commitments \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| €														19
Receive \| Conversion of Canadian Dollar to Euro \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| €				19					16
Receive \| Conversion of Zloty to Pound \| Merchandise purchase commitments \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £					£ 114					£ 91
Receive \| Conversion of Zloty to Pound \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £															£ 124
Receive \| Conversion of US Dollar to Euro \| Merchandise purchase commitments \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount \| €									€ 82
Receive \| Conversion of US Dollar to Euro \| Merchandise purchase commitments \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| €				€ 101										€ 105
Fair value hedges \| Conversion of Euro to Pound \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Blended Contract Rate	0.8738	0.8428		0.8738	0.8738	0.8738	0.8738	0.8738						0.8428	0.8428	0.8428	0.8428	0.8428
Current Asset U.S.$	$ 0.6	$ 0.3
Current (Liability) U.S.$	0.0	0.0
Net Fair Value in U.S.$	$ 0.6	$ 0.3
Fair value hedges \| Conversion of Euro to Pound \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate			0.8807						0.8807	0.8807	0.8807	0.8807	0.8807
Current Asset U.S.$			$ 0.0
Current (Liability) U.S.$			(0.3)
Net Fair Value in U.S.$			$ (0.3)
Fair value hedges \| Conversion of Australian Dollar to US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Blended Contract Rate	0.6926			0.6926	0.6926	0.6926	0.6926	0.6926
Current Asset U.S.$	$ 3.5
Current (Liability) U.S.$	0.0
Net Fair Value in U.S.$	$ 3.5
Fair value hedges \| Conversion of Australian Dollar to US Dollar \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate			0.7003						0.7003	0.7003	0.7003	0.7003	0.7003
Current Asset U.S.$			$ 0.0
Current (Liability) U.S.$			(2.6)
Net Fair Value in U.S.$			$ (2.6)
Fair value hedges \| Conversion of Australian Dollar to US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate		0.7034												0.7034	0.7034	0.7034	0.7034	0.7034
Current Asset U.S.$		$ 0.8
Current (Liability) U.S.$		(1.0)
Net Fair Value in U.S.$		$ (0.2)
Fair value hedges \| Conversion of US Dollar to Pound \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Blended Contract Rate	0.8010			0.8010	0.8010	0.8010	0.8010	0.8010
Current Asset U.S.$	$ 2.0
Current (Liability) U.S.$	0.0
Net Fair Value in U.S.$	$ 2.0
Fair value hedges \| Conversion of US Dollar to Pound \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate		0.7368	0.8010						0.8010	0.8010	0.8010	0.8010	0.8010	0.7368	0.7368	0.7368	0.7368	0.7368
Current Asset U.S.$		$ 0.0	$ 0.0
Current (Liability) U.S.$		(6.8)	(0.3)
Net Fair Value in U.S.$		$ (6.8)	$ (0.3)
Fair value hedges \| Conversion of Pound to US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Blended Contract Rate		1.3578												1.3578	1.3578	1.3578	1.3578	1.3578
Current Asset U.S.$		$ 19.1
Current (Liability) U.S.$		0.0
Net Fair Value in U.S.$		$ 19.1
Fair value hedges \| Conversion of Pound to US Dollar \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate	1.2191		1.2191	1.2191	1.2191	1.2191	1.2191	1.2191	1.2191	1.2191	1.2191	1.2191	1.2191
Current Asset U.S.$	$ 0.0		$ 0.0
Current (Liability) U.S.$	(13.4)		(5.5)
Net Fair Value in U.S.$	$ (13.4)		$ (5.5)
Fair value hedges \| Conversion Of Euro To US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Blended Contract Rate	1.0964	1.1156	1.0652	1.0964	1.0964	1.0964	1.0964	1.0964	1.0652	1.0652	1.0652	1.0652	1.0652	1.1156	1.1156	1.1156	1.1156	1.1156
Current Asset U.S.$	$ 0.3	$ 14.7	$ 0.8
Current (Liability) U.S.$	(3.3)	(0.1)	(7.0)
Net Fair Value in U.S.$	(3.0)	14.6	(6.2)
Fair value hedges \| Pay \| Conversion of Euro to Pound \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount \| €				€ 60										€ 60
Fair value hedges \| Pay \| Conversion of Euro to Pound \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| €									€ 60
Fair value hedges \| Pay \| Conversion of Australian Dollar to US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount						$ 162
Fair value hedges \| Pay \| Conversion of Australian Dollar to US Dollar \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount											$ 150
Fair value hedges \| Pay \| Conversion of Australian Dollar to US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount																$ 170
Fair value hedges \| Pay \| Conversion of US Dollar to Pound \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount	69.0
Fair value hedges \| Pay \| Conversion of US Dollar to Pound \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount		75.0	69.0
Fair value hedges \| Pay \| Conversion of Pound to US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £															£ 150
Fair value hedges \| Pay \| Conversion of Pound to US Dollar \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £					£ 200					£ 200
Fair value hedges \| Pay \| Conversion Of Euro To US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| €				€ 200					€ 200					€ 200
Fair value hedges \| Receive \| Conversion of Euro to Pound \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £					52										51
Fair value hedges \| Receive \| Conversion of Euro to Pound \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £										53
Fair value hedges \| Receive \| Conversion of Australian Dollar to US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount	112.0
Fair value hedges \| Receive \| Conversion of Australian Dollar to US Dollar \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount			105.0
Fair value hedges \| Receive \| Conversion of Australian Dollar to US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount		120.0
Fair value hedges \| Receive \| Conversion of US Dollar to Pound \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £					£ 55
Fair value hedges \| Receive \| Conversion of US Dollar to Pound \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount \| £										£ 55					£ 55
Fair value hedges \| Receive \| Conversion of Pound to US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp
Derivatives, Fair Value [Line Items]
Derivative notional amount		204.0
Fair value hedges \| Receive \| Conversion of Pound to US Dollar \| Intercompany balances, primarily debt: \| (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount	244.0		244.0
Fair value hedges \| Receive \| Conversion Of Euro To US Dollar \| Intercompany balances, primarily debt: \| Prepaid Exp / (Accrued Exp)
Derivatives, Fair Value [Line Items]
Derivative notional amount	$ 219.0	$ 223.0	$ 213.0