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Capital Stock and Earnings Per Share
 6 Months Ended
Jul. 30, 2022
Equity [Abstract]  
Capital Stock and Earnings Per Share Capital Stock and Earnings Per Share
Capital Stock
TJX repurchased and retired 11.8 million shares of its common stock at a cost of approximately $0.7 billion during the quarter ended July 30, 2022, on a “trade date” basis. During the six months ended July 30, 2022, TJX repurchased and retired 21.4 million shares of its common stock at a cost of approximately $1.3 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 $1.3 billion for the six months ended July 30, 2022 and $0.3 billion for the six months ended July 31, 2021. These expenditures were funded by cash generated from current and prior period operations.
In February 2022, the Company announced that its Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $3.0 billion of TJX common stock from time to time. Under this program TJX had approximately $2.5 billion available for repurchase as of July 30, 2022.
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 EndedTwenty-Six Weeks Ended
Amounts in thousands, except per share amountsJuly 30,
2022		July 31,
2021		July 30,
2022		July 31,
2021
Basic earnings per share:
Net income
$809,340 $785,681 $1,396,813 $1,319,611 
Weighted average common shares outstanding for basic earnings per share calculation
1,167,922 1,205,054 1,172,531 1,205,247 
Basic earnings per share
$0.69 $0.65 $1.19 $1.09 
Diluted earnings per share:
Net income
$809,340 $785,681 $1,396,813 $1,319,611 
Weighted average common shares outstanding for basic earnings per share calculation
1,167,922 1,205,054 1,172,531 1,205,247 
Assumed exercise / vesting of stock options and awards10,218 15,561 11,173 15,765 
Weighted average common shares outstanding for diluted earnings per share calculation
1,178,140 1,220,615 1,183,704 1,221,012 
Diluted earnings per share
$0.69 $0.64 $1.18 $1.08 
Cash dividends declared per share$0.295 $0.26 $0.59 $0.52 
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 period. Such options are excluded because they would have an antidilutive effect. There were 5.1 million such options excluded for the thirteen weeks and twenty-six weeks ended July 30, 2022. There were no such options excluded for the thirteen weeks and twenty-six weeks ended July 31, 2021.