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Capital Stock and Earnings Per Share
 12 Months Ended
Jan. 30, 2021
Equity [Abstract]  
Capital Stock and Earnings Per Share Capital Stock and Earnings Per Share
Capital Stock
In March 2020, in connection with the actions taken related to the COVID-19 pandemic as described in Note B—Impact of the COVID-19 Pandemic, the Company suspended its share repurchase program.
During the first quarter of fiscal 2021, prior to the suspension of the Company’s share repurchase program, TJX repurchased and retired 3.2 million shares of its common stock at a cost of $190.1 million on a “trade date” basis. All share repurchases occurred during the first quarter of fiscal 2021. TJX reflects stock repurchases in its financial statements on a “settlement date” or cash basis. TJX had cash expenditures under repurchase programs of $201.5 million in fiscal 2021, $1.6 billion in fiscal 2020 and $2.4 billion in fiscal 2019 and repurchased 3.4 million shares in fiscal 2021, 28.2 million shares in fiscal 2020 and 50.8 million shares in fiscal 2019. These expenditures were funded by cash generated from operations.
As of January 30, 2021 TJX had approximately $3.0 billion available under previously announced stock repurchase programs.
All shares repurchased under the stock repurchase programs have been retired.
TJX has five million shares of authorized but unissued preferred stock, $1 par value.
Earnings Per Share
The following table presents the calculation of basic and diluted earnings per share for net income:
  Fiscal Year Ended
Amounts in thousands except per share amountsJanuary 30,
2021		February 1,
2020		February 2,
2019
Basic earnings per share:
Net income$90,470 $3,272,193 $3,059,798 
Weighted average common stock outstanding for basic earnings per share calculation1,199,927 1,208,163 1,241,153 
Basic earnings per share$0.08 $2.71 $2.47 
Diluted earnings per share:
Net income$90,470 $3,272,193 $3,059,798 
Weighted average common stock outstanding for basic earnings per share calculation1,199,927 1,208,163 1,241,153 
Assumed exercise / vesting of:
Stock options and awards14,776 18,356 18,099 
Weighted average common stock outstanding for diluted earnings per share calculation1,214,703 1,226,519 1,259,252 
Diluted earnings per share$0.07 $2.67 $2.43 
Cash dividends declared per share(a)
$0.26 $0.92 $0.78 
(a)There were no dividends declared during the first three quarters of fiscal 2021. The Company declared a dividend of $0.26 per share in the fourth quarter of fiscal 2021.
The weighted average common shares for the diluted earnings per share calculation exclude 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 6.2 million, 11.8 million and 6.1 million such options excluded at the end of fiscal 2021, fiscal 2020 and fiscal 2019, respectively.