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Capital Stock and Earnings Per Share
 6 Months Ended
Aug. 03, 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, TJX had approximately $2.5 billion available for repurchase as of August 3, 2024.
During the second quarter of fiscal 2025, the Company completed stock repurchases representing all of the $1 billion that remained as of February 3, 2024 from the previously announced stock repurchase program.
The following table provides share repurchases, excluding applicable excise tax:
Thirteen Weeks EndedTwenty-Six Weeks Ended
In millionsAugust 3,
2024		July 29,
2023		August 3,
2024		July 29,
2023
Total number of shares repurchased and retired5.1 6.7 10.4 13.2 
Total cost(a)
$559 $550 $1,068 $1,050 
(a) Prior year amounts are recast to conform with current year presentation and exclude applicable excise tax.
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 EndedTwenty-Six Weeks Ended
Amounts in millions, except per share amountsAugust 3,
2024		July 29,
2023		August 3,
2024		July 29,
2023
Basic earnings per share:
Net income
$1,099 $989 $2,169 $1,880 
Weighted average common shares outstanding for basic earnings per share calculation
1,130 1,148 1,131 1,151 
Basic earnings per share
$0.97 $0.86 $1.92 $1.63 
Diluted earnings per share:
Net income
$1,099 $989 $2,169 $1,880 
Weighted average common shares outstanding for basic earnings per share calculation
1,130 1,148 1,131 1,151 
Assumed exercise/vesting of stock options and awards14 13 14 12 
Weighted average common shares outstanding for diluted earnings per share calculation
1,144 1,161 1,145 1,163 
Diluted earnings per share
$0.96 $0.85 $1.89 $1.62 
Cash dividends declared per share$0.375 $0.3325 $0.75 $0.665 
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 and twenty-six weeks ended August 3, 2024, respectively. There were no such options excluded for the thirteen weeks and twenty-six weeks ended July 29, 2023.