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Capital Stock and Earnings Per Share
 3 Months Ended
Apr. 29, 2023
Equity [Abstract]  
Capital Stock and Earnings Per Share Capital Stock and Earnings Per Share
Capital Stock
TJX repurchased and retired 6.5 million shares of its common stock at a cost of approximately $0.5 billion, including applicable excise tax, during the quarter ended April 29, 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 $0.5 billion for the three months ended April 29, 2023 and $0.6 billion for the three months ended April 30, 2022. These expenditures were funded by cash on hand and cash generated from current and prior period 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 billion available for repurchase as of April 29, 2023.
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 Ended
Amounts in millions, except per share amountsApril 29,
2023		April 30,
2022
Basic earnings per share:
Net income
$891 $587 
Weighted average common shares outstanding for basic earnings per share calculation
1,153 1,177 
Basic earnings per share
$0.77 $0.50 
Diluted earnings per share:
Net income
$891 $587 
Weighted average common shares outstanding for basic earnings per share calculation
1,153 1,177 
Assumed exercise/vesting of stock options and awards12 12 
Weighted average common shares outstanding for diluted earnings per share calculation
1,165 1,189 
Diluted earnings per share
$0.76 $0.49 
Cash dividends declared per share$0.3325 $0.295 
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 such options excluded for the thirteen weeks ended April 29, 2023. There were 5.1 million such options excluded for the thirteen weeks ended April 30, 2022.