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Segment Information | 3 Months Ended
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May 04, 2019
Segment Reporting [Abstract] |
Segment Information | Segment Information TJX operates four main business segments. The Marmaxx segment (T.J. Maxx, Marshalls and tjmaxx.com) and the HomeGoods segment (HomeGoods and Homesense) both operate in the United States, the TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX International segment operates T.K. Maxx, Homesense and tkmaxx.com in Europe and T.K. Maxx in Australia. In addition to our four main business segments, Sierra operates sierra.com and retail stores 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, sell family apparel and home fashions. HomeGoods and 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, pension settlement charge and interest expense, net. “Segment profit or loss,” as defined by TJX, may not be comparable to similarly titled measures used by other entities. The terms “segment margin” or “segment profit margin” are used to describe segment profit or loss as a percentage of net sales. These measures of performance should not be considered alternatives 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
In thousands |  | May 4, 2019 |  | May 5, 2018
Net sales: |  |  |  |
In the United States: |  |  |  |
Marmaxx |  | $ | 5,801,760 |  |  | $ | 5,380,918 |
HomeGoods |  | 1,396,865 |  |  | 1,269,331 |
TJX Canada |  | 847,735 |  |  | 853,836 |
TJX International |  | 1,231,225 |  |  | 1,184,635 |
|  | $ | 9,277,585 |  |  | $ | 8,688,720 |
Segment profit: |  |  |  |
In the United States: |  |  |  |
Marmaxx |  | $ | 795,993 |  |  | $ | 750,456 |
HomeGoods |  | 136,785 |  |  | 147,360 |
TJX Canada |  | 97,032 |  |  | 125,184 |
TJX International |  | 28,487 |  |  | 40,826 |
|  | 1,058,297 |  |  | 1,063,826 |
General corporate expense |  | 120,998 |  |  | 104,120 |
Interest expense, net |  | 817 |  |  | 4,148 |
Income before provision for income taxes |  | $ | 936,482 |  |  | $ | 955,558 |
Segment assets as of May 4, 2019 increased from February 2, 2019 due to inclusion of operating lease right of use assets in segment assets. As of May 4, 2019, the breakdown of the Company’s operating right of use assets by segment is $4.3 billion in Marmaxx, $1.4 billion in HomeGoods, $1.0 billion in TJX Canada and $2.1 billion in TJX International.

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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