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Segment Information
6 Months Ended
Jul. 29, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
TJX operates four main business segments. In the United States, the Marmaxx segment operates T.J. Maxx, Marshalls, tjmaxx.com and marshalls.com and the HomeGoods segment operates HomeGoods, Homesense, and homegoods.com. The TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX International segment operates T.K. Maxx and Homesense, as well as tkmaxx.com, tkmaxx.de, and tkmaxx.at in Europe and T.K. Maxx in Australia. In addition to the Company’s four main business segments, Sierra operates retail stores and sierra.com in the U.S. The results of Sierra are included in the Marmaxx segment.
All of TJX’s stores, with the exception of HomeGoods and HomeSense/Homesense, sell family apparel and home fashions. HomeGoods and HomeSense/Homesense offer home fashions.
TJX evaluates the performance of its segments based on “segment profit or loss,” which it defines as pre-tax income or loss before general corporate expense, interest (income) expense, net and certain separately disclosed unusual or infrequent items. “Segment profit or loss,” as defined by TJX, may not be comparable to similarly titled measures used by other entities. This measure of performance should not be considered an alternative to net income or cash flows from operating activities as an indicator of TJX’s performance or as a measure of liquidity.
Presented below is financial information with respect to TJX’s business segments:
 Thirteen Weeks EndedTwenty-Six Weeks Ended
In millionsJuly 29,
2023
July 30,
2022
July 29,
2023
July 30,
2022
Net sales:
In the United States:
Marmaxx$7,903 $7,236 $15,269 $14,107 
HomeGoods2,011 1,856 3,977 3,892 
TJX Canada1,223 1,248 2,261 2,330 
TJX International1,621 1,503 3,034 2,920 
Total net sales$12,758 $11,843 $24,541 $23,249 
Segment profit:
In the United States:
Marmaxx$1,084 $933 $2,112 $1,837 
HomeGoods175 50 319 172 
TJX Canada192 197 309 324 
TJX International32 105 70 118 
Total segment profit1,483 1,285 2,810 2,451 
General corporate expense194 188 350 265 
Impairment on equity investment —  218 
Interest (income) expense, net(38)11 (75)30 
Income before income taxes$1,327 $1,086 $2,535 $1,938