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Segment Information | 3 Months Ended
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May 03, 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 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:
| Thirteen Weeks Ended |
In millions | May 3, 2025 | May 4, 2024 |  |
Marmaxx |  |  |  |
Net sales | $ | 8,052 |  | $ | 7,750 |  |  |
Segment expenses(a) | 6,945 |  | 6,653 |  |  |
Segment profit | $ | 1,107 |  | $ | 1,097 |  |  |
HomeGoods |  |  |  |
Net sales | $ | 2,254 |  | $ | 2,079 |  |  |
Segment expenses(a) | 2,024 |  | 1,881 |  |  |
Segment profit | $ | 230 |  | $ | 198 |  |  |
TJX Canada |  |  |  |
Net sales | $ | 1,144 |  | $ | 1,113 |  |  |
Segment expenses(a) | 1,022 |  | 976 |  |  |
Segment profit | $ | 122 |  | $ | 137 |  |  |
TJX International |  |  |  |
Net sales | $ | 1,661 |  | $ | 1,537 |  |  |
Segment expenses(a) | 1,589 |  | 1,476 |  |  |
Segment profit | $ | 72 |  | $ | 61 |  |  |
Total TJX |  |  |  |
Net sales | $ | 13,111 |  | $ | 12,479 |  |  |
Segment expenses(a) | 11,580 |  | 10,986 |  |  |
Segment profit | $ | 1,531 |  | $ | 1,493 |  |  |
General corporate expense | 215 |  | 153 |  |  |
Impairment on equity investment | — |  | — |  |  |
Interest (income) expense, net | (30) |  | (50) |  |  |
Income before income taxes | $ | 1,346 |  | $ | 1,390 |  |  |
(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. The following table presents identifiable assets by segment:
In millions | May 3, 2025 | February 1, 2025 | May 4, 2024
Identifiable assets: |  |  |
In the United States: |  |  |
Marmaxx | $ | 14,747 |  | $ | 14,137 |  | $ | 13,285 |
HomeGoods | 4,172 |  | 4,037 |  | 3,898 |
TJX Canada | 2,333 |  | 2,128 |  | 2,172 |
TJX International | 4,534 |  | 4,243 |  | 4,098 |
Segment identifiable assets | $ | 25,786 |  | $ | 24,545 |  | $ | 23,453 |
Corporate(a) | 6,072 |  | 7,204 |  | 6,226 |
Total identifiable assets | $ | 31,858 |  | $ | 31,749 |  | $ | 29,679 |
(a)Corporate identifiable assets primarily include cash and trust assets from the Executive Savings Plan, and as of May 3, 2025 and February 1, 2025, include 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. The following table presents capital expenditures and depreciation and amortization by segment:
In millions | May 3, 2025 |  | May 4, 2024
Capital expenditures: |  |  |
In the United States: |  |  |
Marmaxx | $ | 339 |  |  | $ | 247 |
HomeGoods | 61 |  |  | 69 |
TJX Canada | 34 |  |  | 38 |
TJX International | 63 |  |  | 65 |
Total capital expenditures | $ | 497 |  |  | $ | 419 |
Depreciation and amortization: |  |  |
In the United States: |  |  |
Marmaxx | $ | 165 |  |  | $ | 144 |
HomeGoods | 56 |  |  | 51 |
TJX Canada | 24 |  |  | 21 |
TJX International | 50 |  |  | 47 |
Segment depreciation and amortization | $ | 295 |  |  | $ | 263 |
Corporate(a) | 1 |  |  | 1 |
Total depreciation and amortization | $ | 296 |  |  | $ | 264 |
(a)Includes debt discount accretion and debt expense amortization.

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- Definition The entire disclosure for reporting segments including data and tables. 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