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Segment Information | 12 Months Ended
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Feb. 03, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information TJX operates four main business segments. In the United States, the Marmaxx segment operates TJ Maxx, Marshalls, tjmaxx.com and marshalls.com and the HomeGoods segment operates HomeGoods and Homesense. The TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX International segment operates TK Maxx and Homesense, as well as tkmaxx.com, tkmaxx.de, and tkmaxx.at in Europe and TK 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. In the third quarter of fiscal 2024, the Company closed its HomeGoods e-commerce business. 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. The percentages of the Company’s consolidated revenues by major product category for the last three fiscal years are as follows:
| Fiscal 2024 | Fiscal 2023 | Fiscal 2022
Apparel: |  |  |
Clothing including footwear | 47 | % | 48 | % | 47 | %
Accessories including jewelry and beauty | 18 |  | 17 |  | 15 |
Home fashions | 35 |  | 35 |  | 38 |
Total | 100 | % | 100 | % | 100 | %
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:
| Fiscal Year Ended
In millions | February 3, 2024 | January 28, 2023 | January 29, 2022
| (53 weeks) |  |
Net sales: |  |  |
In the United States: |  |  |
Marmaxx | $ | 33,413 |  | $ | 30,545 |  | $ | 29,483 |
HomeGoods | 8,990 |  | 8,264 |  | 8,995 |
TJX Canada | 5,046 |  | 4,912 |  | 4,343 |
TJX International | 6,768 |  | 6,215 |  | 5,729 |
Total net sales | $ | 54,217 |  | $ | 49,936 |  | $ | 48,550 |
Segment profit: |  |  |
In the United States: |  |  |
Marmaxx | $ | 4,597 |  | $ | 3,883 |  | $ | 3,813 |
HomeGoods | 861 |  | 522 |  | 907 |
TJX Canada | 715 |  | 690 |  | 485 |
TJX International | 332 |  | 347 |  | 161 |
Total segment profit | $ | 6,505 |  | $ | 5,442 |  | $ | 5,366 |
General corporate expense | 708 |  | 582 |  | 611 |
Impairment on equity investment | — |  | 218 |  | — |
Loss on early extinguishment of debt | — |  | — |  | 242 |
Interest (income) expense, net | (170) |  | 6 |  | 115 |
Income before income taxes | $ | 5,967 |  | $ | 4,636 |  | $ | 4,398 |
Business segment information (continued):
| Fiscal Year Ended
In millions | February 3, 2024 | January 28, 2023 | January 29, 2022
Identifiable assets: |  |  |
In the United States: |  |  |
Marmaxx | $ | 12,993 |  | $ | 12,170 |  | $ | 11,229 |
HomeGoods | 3,828 |  | 3,590 |  | 3,461 |
TJX Canada | 2,083 |  | 2,003 |  | 2,197 |
TJX International | 4,154 |  | 4,075 |  | 4,281 |
Corporate(a) | 6,689 |  | 6,511 |  | 7,293 |
Total identifiable assets | $ | 29,747 |  | $ | 28,349 |  | $ | 28,461 |
Capital expenditures: |  |  |
In the United States: |  |  |
Marmaxx | $ | 950 |  | $ | 822 |  | $ | 513 |
HomeGoods | 345 |  | 295 |  | 244 |
TJX Canada | 157 |  | 110 |  | 69 |
TJX International | 270 |  | 230 |  | 219 |
Total capital expenditures | $ | 1,722 |  | $ | 1,457 |  | $ | 1,045 |
Depreciation and amortization: |  |  |
In the United States: |  |  |
Marmaxx | $ | 525 |  | $ | 480 |  | $ | 465 |
HomeGoods | 182 |  | 165 |  | 149 |
TJX Canada | 76 |  | 70 |  | 73 |
TJX International | 177 |  | 167 |  | 174 |
Corporate(b) | 4 |  | 5 |  | 7 |
Total depreciation and amortization | $ | 964 |  | $ | 887 |  | $ | 868 |
(a)Corporate identifiable assets consist primarily of cash, the trust assets in connection with the Executive Savings Plan and in fiscal 2022 included the minority investment in Familia. Consolidated cash, including cash held in the Company’s foreign entities, is included with corporate assets for consistency with the reporting of cash for the Company’s segments in the U.S. (b)Includes debt discount accretion and debt expense amortization.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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