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Segment Information
12 Months Ended
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 2025Fiscal 2024Fiscal 2023
Apparel:
Clothing including footwear44 %47 %48 %
Accessories including jewelry and beauty21 18 17 
Home fashions35 35 35 
Total100 %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 millionsFebruary 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 expense739 708 582 
Impairment on equity investment — 218 
Interest (income) expense, net(181)(170)
Income before income taxes$6,483 $5,967 $4,636 
(a)     Segment 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 millionsFebruary 1,
2025
February 3,
2024
January 28,
2023
Identifiable assets:
In the United States:
Marmaxx$14,137 $12,993 $12,170 
HomeGoods4,037 3,828 3,590 
TJX Canada2,128 2,083 2,003 
TJX International4,243 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 
HomeGoods400 345 295 
TJX Canada151 157 110 
TJX International265 270 230 
Total capital expenditures
$1,918 $1,722 $1,457 
Depreciation and amortization:
In the United States:
Marmaxx$595 $525 $480 
HomeGoods210 182 165 
TJX Canada90 76 70 
TJX International205 177 167 
Segment depreciation and amortization$1,100 $960 $882 
Corporate(b)
4 
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.