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Capital Stock and Earnings Per Share
 3 Months Ended
May 04, 2024
Equity [Abstract]  
Capital Stock and Earnings Per Share Capital Stock and Earnings Per Share
Capital Stock
In February 2024, the Company announced that its Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $2.5 billion of TJX common stock from time to time. Under this program and previously announced programs, TJX had approximately $3.0 billion available for repurchase as of May 4, 2024.
The following table provides share repurchases, excluding applicable excise tax:
Thirteen Weeks Ended
In millionsMay 4,
2024		April 29,
2023
Total number of shares repurchased and retired5.3 6.5 
Total cost$509 $500 
All shares repurchased under the stock repurchase programs have been retired. These expenditures were funded by cash generated from operations.
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 amountsMay 4,
2024		April 29,
2023
Basic earnings per share:
Net income
$1,070 $891 
Weighted average common shares outstanding for basic earnings per share calculation
1,132 1,153 
Basic earnings per share
$0.95 $0.77 
Diluted earnings per share:
Net income
$1,070 $891 
Weighted average common shares outstanding for basic earnings per share calculation
1,132 1,153 
Assumed exercise/vesting of stock options and awards14 12 
Weighted average common shares outstanding for diluted earnings per share calculation
1,146 1,165 
Diluted earnings per share
$0.93 $0.76 
Cash dividends declared per share$0.375 $0.3325 
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 5 million options excluded for the thirteen weeks ended May 4, 2024. There were 6 million such options excluded for the thirteen weeks ended April 29, 2023.