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Segment Information | 12 Months Ended
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Feb. 01, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information TJX operates four segments. TJX defines its segments as those operations whose results the Chief Executive Officer, who is the Company’s chief operating decision maker (“CODM”), regularly reviews to analyze performance and allocate resources. 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, Homesense, tkmaxx.com, tkmaxx.de, and tkmaxx.at in Europe and TK Maxx in Australia. In addition to the Company’s four 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. The percentages of the Company’s consolidated revenues by major product category for the last three fiscal years are as follows:
| Fiscal 2025 | Fiscal 2024 | Fiscal 2023
Apparel: |  |  |
Clothing including footwear | 44 | % | 47 | % | 48 | %
Accessories including jewelry and beauty | 21 |  | 18 |  | 17 |
Home fashions | 35 |  | 35 |  | 35 |
Total | 100 | % | 100 | % | 100 | %
The CODM regularly reviews net sales by segment and segment profit or loss. There are no significant expense categories or amounts regularly provided to the CODM and included in reported segment profit or loss. As such, no significant expense categories are disclosed in the table below. The CODM evaluates the performance of the Company’s 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 segments:
| Fiscal Year Ended
In millions | February 1, 2025 | February 3, 2024 | January 28, 2023
|  | (53 weeks) |
Marmaxx |  |  |
Net sales | $ | 34,604 |  | $ | 33,413 |  | $ | 30,545 |
Segment expenses(a) | 29,709 |  | 28,816 |  | 26,662 |
Segment profit | $ | 4,895 |  | $ | 4,597 |  | $ | 3,883 |
HomeGoods |  |  |
Net sales | $ | 9,386 |  | $ | 8,990 |  | $ | 8,264 |
Segment expenses(a) | 8,365 |  | 8,129 |  | 7,742 |
Segment profit | $ | 1,021 |  | $ | 861 |  | $ | 522 |
TJX Canada |  |  |
Net sales | $ | 5,189 |  | $ | 5,046 |  | $ | 4,912 |
Segment expenses(a) | 4,486 |  | 4,331 |  | 4,222 |
Segment profit | $ | 703 |  | $ | 715 |  | $ | 690 |
TJX International |  |  |
Net sales | $ | 7,181 |  | $ | 6,768 |  | $ | 6,215 |
Segment expenses(a) | 6,759 |  | 6,436 |  | 5,868 |
Segment profit | $ | 422 |  | $ | 332 |  | $ | 347 |
Total TJX |  |  |
Net sales | $ | 56,360 |  | $ | 54,217 |  | $ | 49,936 |
Segment expenses(a) | 49,319 |  | 47,712 |  | 44,494 |
Segment profit | $ | 7,041 |  | $ | 6,505 |  | $ | 5,442 |
General corporate expense | 739 |  | 708 |  | 582 |
Impairment on equity investment | — |  | — |  | 218 |
Interest (income) expense, net | (181) |  | (170) |  | 6 |
Income before income taxes | $ | 6,483 |  | $ | 5,967 |  | $ | 4,636 |
(a) S egment expenses for each reportable segment include cost of sales and selling, general and administrative expenses. Cost of sales includes buying and occupancy costs, cost of merchandise sold, and other expenses. Selling, general and administrative expenses include store payroll and benefit costs, communication costs, and other expenses. Refer to Note A - Basis of Presentation and Summary of Accounting Principles for more information on the classifications. Segment information (continued):
| Fiscal Year Ended
In millions | February 1, 2025 | February 3, 2024 | January 28, 2023
Identifiable assets: |  |  |
In the United States: |  |  |
Marmaxx | $ | 14,137 |  | $ | 12,993 |  | $ | 12,170 |
HomeGoods | 4,037 |  | 3,828 |  | 3,590 |
TJX Canada | 2,128 |  | 2,083 |  | 2,003 |
TJX International | 4,243 |  | 4,154 |  | 4,075 |
Segment identifiable assets | $ | 24,545 |  | $ | 23,058 |  | $ | 21,838 |
Corporate(a) | 7,204 |  | 6,689 |  | 6,511 |
Total identifiable assets | $ | 31,749 |  | $ | 29,747 |  | $ | 28,349 |
Capital expenditures: |  |  |
In the United States: |  |  |
Marmaxx | $ | 1,102 |  | $ | 950 |  | $ | 822 |
HomeGoods | 400 |  | 345 |  | 295 |
TJX Canada | 151 |  | 157 |  | 110 |
TJX International | 265 |  | 270 |  | 230 |
Total capital expenditures | $ | 1,918 |  | $ | 1,722 |  | $ | 1,457 |
Depreciation and amortization: |  |  |
In the United States: |  |  |
Marmaxx | $ | 595 |  | $ | 525 |  | $ | 480 |
HomeGoods | 210 |  | 182 |  | 165 |
TJX Canada | 90 |  | 76 |  | 70 |
TJX International | 205 |  | 177 |  | 167 |
Segment depreciation and amortization | $ | 1,100 |  | $ | 960 |  | $ | 882 |
Corporate(b) | 4 |  | 4 |  | 5 |
Total depreciation and amortization | $ | 1,104 |  | $ | 964 |  | $ | 887 |
(a)Corporate identifiable assets mainly include cash and trust assets from the Executive Savings Plan and in fiscal 2025 includes the equity method investments. Consolidated cash, including that held by foreign entities, is reported with Corporate assets for consistency with segment reporting 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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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