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Capital Stock and Earnings Per Share
 12 Months Ended
Jan. 28, 2023
Equity [Abstract]  
Capital Stock and Earnings Per Share Capital Stock and Earnings Per Share
Capital Stock
TJX repurchased and retired 35 million shares of its common stock at a cost of approximately $2.3 billion during fiscal 2023, 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 $2.3 billion in fiscal 2023, $2.2 billion in fiscal 2022 and $0.2 billion in fiscal 2021 and repurchased 35 million shares in fiscal 2023, 31 million shares in fiscal 2022 and 3 million shares in fiscal 2021. These expenditures were funded by cash on hand and cash generated from operations.
In February 2023, the Company announced that its Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $2 billion of TJX common stock from time to time. Under this program and previously announced programs, TJX had approximately $3.5 billion available for repurchase as of January 28, 2023.
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:
  Fiscal Year Ended
Amounts in millions except per share amountsJanuary 28,
2023		January 29,
2022		January 30,
2021
Basic earnings per share:
Net income$3,498 $3,283 $90 
Weighted average common shares outstanding for basic earnings per share calculation1,166 1,200 1,200 
Basic earnings per share$3.00 $2.74 $0.08 
Diluted earnings per share:
Net income$3,498 $3,283 $90 
Weighted average common shares outstanding for basic earnings per share calculation1,166 1,200 1,200 
Assumed exercise/vesting of stock options and awards12 16 15 
Weighted average common shares outstanding for diluted earnings per share calculation1,178 1,216 1,215 
Diluted earnings per share$2.97 $2.70 $0.07 
Cash dividends declared per share(a)
$1.18 $1.04 $0.26 
(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 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 periods. Such options are excluded because they would have an antidilutive effect. There were 6 million, 5 million, and 6 million such options excluded at the end of fiscal 2023, fiscal 2022 and fiscal 2021, respectively.