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Stock Incentive Plan (Tables)

12 Months Ended

Feb. 01, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Estimated Fair Value of Options as of Grant Date by Using Black-Scholes Option Pricing Model

The fair value of options is estimated as of the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:

			Fiscal Year Ended
			February 1, 2025			February 3, 2024			January 28, 2023
Risk-free interest rate			3.47		%	4.51		%	3.69		%
Dividend yield			1.3		%	1.5		%	1.8		%
Expected volatility factor			24.4		%	24.1		%	26.0		%
Expected option life			5.5 years			5.5 years			5.5 years
Weighted average fair value of options issued			$	29.86		$	24.62		$	16.68

Schedule of Stock Options and Related Weighted Average Exercise Prices

A summary of the status of TJX’s stock options and related weighted average exercise prices (“WAEP”) is presented below:

			Fiscal Year Ended
			February 1, 2025						February 3, 2024						January 28, 2023
Shares in millions			Options			WAEP			Options			WAEP			Options			WAEP
Outstanding at beginning of year			35			$	58.65		37			$	51.88		40			$	47.11
Granted			4			117.25			5			91.00			6			65.54
Exercised			(8)			48.35			(7)			43.39			(8)			38.12
Forfeitures			(0)			82.98			(0)			68.32			(1)			63.29
Outstanding at end of year			31			$	68.26		35			$	58.65		37			$	51.88
Options exercisable at end of year			23			$	56.87		25			$	50.64		26			$	45.99

Schedule of Stock Options Outstanding Expected to Vest and Stock Options Outstanding Exercisable

The following table summarizes information about stock options outstanding that were expected to vest and stock options outstanding that were exercisable as of February 1, 2025:

			Shares (in millions)			Aggregate Intrinsic Value (in millions)			Weighted Average Remaining Contract Life			WAEP
Options outstanding expected to vest(a)			8			$	234		8.8 years			$	96.50
Options exercisable			23			1,526			4.9 years			56.87
Total outstanding options vested and expected to vest			31			$	1,760		6.0 years			$	67.54

(a)Reflects 9 million unvested options, net of anticipated forfeitures.

Summary of Nonvested Performance-Based Stock Awards

A summary of the status of the Company’s non-vested stock awards and changes during fiscal 2025 is presented below:

In thousands except grant date fair value			Restricted Stock Units			Performance Share Units			Total Stock Awards			Weighted Average Grant Date Fair Value
Nonvested at beginning of year			1,280			1,063			2,343			$	67.76
Granted			292			300			592			99.47
Vested			(413)			(285)			(698)			65.53
Forfeited			(18)			(7)			(25)			78.36
Nonvested at end of year			1,141			1,071			2,212			$	76.82

Summary of Units Granted and Weighted Average Grant Date Fair Value

A summary of units granted and the weighted average grant date fair value for total stock awards over the previous two fiscal years is presented below:

			Fiscal Year Ended
In thousands except grant date fair value			February 3, 2024			January 28, 2023
Granted			694			932
Weighted Average Grant Date Fair Value			$	76.21		$	60.46

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Tabular disclosure of share-based payment arrangement.

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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