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Segment Information | 12 Months Ended
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Jan. 30, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information TJX operates four main business segments. The Marmaxx segment (T.J. Maxx, Marshalls, tjmaxx.com and marshalls.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. The percentages of our consolidated revenues by major product category for the last three fiscal years are as follows:
| Fiscal 2021 | Fiscal 2020 | Fiscal 2019
Apparel |  |  |
Clothing including footwear | 46 | % | 51 | % | 52 | %
Jewelry and accessories | 15 |  | 16 |  | 15 |
Home fashions | 39 |  | 33 |  | 33 |
Total | 100 | % | 100 | % | 100 | %
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 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. 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:
| Fiscal Year Ended
In thousands | January 30, 2021 | February 1, 2020 | February 2, 2019
Net sales: |  |  |
In the United States: |  |  |
Marmaxx | $ | 19,362,573 |  | $ | 25,664,805 |  | $ | 24,057,970 |
HomeGoods | 6,096,237 |  | 6,355,770 |  | 5,787,365 |
TJX Canada | 2,836,088 |  | 4,031,406 |  | 3,869,779 |
TJX International | 3,842,064 |  | 5,664,996 |  | 5,257,820 |
Total net sales | $ | 32,136,962 |  | $ | 41,716,977 |  | $ | 38,972,934 |
Segment profit (loss): |  |  |
In the United States: |  |  |
Marmaxx | $ | 891,180 |  | $ | 3,469,794 |  | $ | 3,253,949 |
HomeGoods | 509,562 |  | 680,520 |  | 671,871 |
TJX Canada | 124,143 |  | 515,559 |  | 551,617 |
TJX International | (503,618) |  | 307,081 |  | 285,790 |
Total segment profit | $ | 1,021,267 |  | $ | 4,972,954 |  | $ | 4,763,227 |
General corporate expense | 439,037 |  | 556,745 |  | 545,034 |
Loss on early extinguishment of debt | 312,233 |  | — |  | — |
Interest expense, net | 180,734 |  | 10,026 |  | 8,860 |
Pension settlement charge | — |  | — |  | 36,122 |
Income before income taxes | $ | 89,263 |  | $ | 4,406,183 |  | $ | 4,173,211 |
Business segment information (continued):
| Fiscal Year Ended
In thousands | January 30, 2021 | February 1, 2020 | February 2, 2019
Identifiable assets: |  |  |
In the United States: |  |  |
Marmaxx | $ | 10,220,441 |  | $ | 11,162,890 |  | $ | 6,223,110 |
HomeGoods | 2,851,131 |  | 2,785,006 |  | 1,416,687 |
TJX Canada | 2,035,341 |  | 1,889,679 |  | 914,789 |
TJX International | 4,389,261 |  | 4,284,385 |  | 2,344,033 |
Corporate(a) | 11,317,381 |  | 4,023,043 |  | 3,427,410 |
Total identifiable assets(b) | $ | 30,813,555 |  | $ | 24,145,003 |  | $ | 14,326,029 |
Capital expenditures: |  |  |
In the United States: |  |  |
Marmaxx | $ | 216,186 |  | $ | 614,624 |  | $ | 598,955 |
HomeGoods | 162,200 |  | 251,864 |  | 170,978 |
TJX Canada | 43,879 |  | 101,862 |  | 82,333 |
TJX International | 145,756 |  | 254,766 |  | 272,873 |
Total capital expenditures(c) | $ | 568,021 |  | $ | 1,223,116 |  | $ | 1,125,139 |
Depreciation and amortization: |  |  |
In the United States: |  |  |
Marmaxx | $ | 478,963 |  | $ | 473,908 |  | $ | 456,420 |
HomeGoods | 135,205 |  | 124,360 |  | 110,978 |
TJX Canada | 70,777 |  | 66,693 |  | 66,365 |
TJX International | 175,824 |  | 197,262 |  | 180,631 |
Corporate(d) | 9,989 |  | 5,080 |  | 5,261 |
Total depreciation and amortization | $ | 870,758 |  | $ | 867,303 |  | $ | 819,655 |
(a)Corporate identifiable assets consist primarily of cash, the trust assets in connection with the Executive Savings Plan and the investment in Familia. Consolidated cash, including cash held in the Company’s foreign entities, is included with corporate assets for consistency with the reporting of cash for the Company’s segments in the U.S. The increase in Corporate identifiable assets in fiscal 2021 is primarily attributable to the increase in cash. (b)On February 3, 2019, the Company adopted ASU 2016-02, Leases (Topic 842) using the modified retrospective method under ASU 2018-11, allowing it to not restate its prior period Consolidated Balance Sheets to reflect the new guidance. The adoption of the new lease standard significantly increased assets and current and long term liabilities on the Company’s Consolidated Balance Sheets as it recorded operating lease right of use assets and corresponding operating lease liabilities. For additional information, see Note M—Leases. (c)Fiscal 2021 reduction in capital spending due to the COVID-19 pandemic. (d)Includes debt discount accretion and debt expense amortization.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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