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Capital Stock and Earnings Per Share
 9 Months Ended
Oct. 29, 2022
Equity [Abstract]  
Capital Stock and Earnings Per Share Capital Stock and Earnings Per Share
Capital Stock
TJX repurchased and retired 7.7 million shares of its common stock at a cost of approximately $0.5 billion during the quarter ended October 29, 2022, on a “trade date” basis. During the nine months ended October 29, 2022, TJX repurchased and retired 29.1 million shares of its common stock at a cost of approximately $1.8 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 $1.8 billion for the nine months ended October 29, 2022 and $1.1 billion for the nine months ended October 30, 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 $2.0 billion available for repurchase as of October 29, 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 EndedThirty-Nine Weeks Ended
Amounts in thousands, except per share amountsOctober 29,
2022		October 30,
2021		October 29,
2022		October 30,
2021
Basic earnings per share:
Net income
$1,062,806 $1,023,000 $2,459,619 $2,342,611 
Weighted average common shares outstanding for basic earnings per share calculation
1,160,763 1,200,661 1,168,608 1,203,718 
Basic earnings per share
$0.92 $0.85 $2.10 $1.95 
Diluted earnings per share:
Net income
$1,062,806 $1,023,000 $2,459,619 $2,342,611 
Weighted average common shares outstanding for basic earnings per share calculation
1,160,763 1,200,661 1,168,608 1,203,718 
Assumed exercise / vesting of stock options and awards11,504 15,029 11,284 15,520 
Weighted average common shares outstanding for diluted earnings per share calculation
1,172,267 1,215,690 1,179,892 1,219,238 
Diluted earnings per share
$0.91 $0.84 $2.08 $1.92 
Cash dividends declared per share$0.295 $0.26 $0.885 $0.78 
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 11.2 million such options excluded for the thirteen weeks and thirty-nine weeks ended October 29, 2022. There were 5.3 million such options excluded for the thirteen weeks and thirty-nine weeks ended October 30, 2021.