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Financial Instruments (Tables)

6 Months Ended

Aug. 02, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments, Related Fair Value and Balance Sheet Classification

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at August 2, 2025:

In millions						Pay			Receive						Blended Contract Rate			Balance Sheet Location			Current Asset U.S.$			Current (Liability) U.S.$			Net Fair Value in U.S.$ at August 2, 2025
Fair value hedges:
Intercompany balances, primarily debt:
			€			83			£			72			0.8684			(Accrued Exp)			$	—		$	(1.4)		$	(1.4)
			A$			210			U.S.$			134			0.6393			Prepaid Exp / (Accrued Exp)			0.4			(2.6)			(2.2)
			U.S.$			74			£			55			0.7409			(Accrued Exp)			—			(1.1)			(1.1)
			£			50			U.S.$			67			1.3490			Prepaid Exp			1.0			—			1.0
			€			200			U.S.$			224			1.1221			Prepaid Exp / (Accrued Exp)			0.5			(10.3)			(9.8)
Economic hedges for which hedge accounting was not elected:
			Diesel fuel contracts			Fixed on 3.2M – 4.1M gal per month			Float on 3.2M – 4.1M gal per month						N/A			(Accrued Exp)			—			(0.4)			(0.4)
Intercompany billings in TJX International, primarily merchandise:
			€			159			£			138			0.8680			(Accrued Exp)			—			(1.1)			(1.1)
Merchandise purchase commitments:
			C$			987			U.S.$			715			0.7244			Prepaid Exp / (Accrued Exp)			3.3			(6.5)			(3.2)
			C$			43			€			27			0.6330			Prepaid Exp			0.4			—			0.4
			£			557			U.S.$			733			1.3165			Prepaid Exp / (Accrued Exp)			5.2			(12.1)			(6.9)
			zł			503			£			100			0.1994			(Accrued Exp)			—			(3.0)			(3.0)
			A$			123			U.S.$			80			0.6472			Prepaid Exp / (Accrued Exp)			0.3			(0.4)			(0.1)
			U.S.$			102			€			90			0.8841			Prepaid Exp / (Accrued Exp)			3.1			(0.2)			2.9
Total fair value of derivative financial instruments																					$	14.2		$	(39.1)		$	(24.9)

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at February 1, 2025:

In millions						Pay			Receive						Blended Contract Rate			Balance Sheet Location			Current Asset U.S.$			Current (Liability) U.S.$			Net Fair Value in U.S.$ at February 1, 2025
Fair value hedges:
Intercompany balances, primarily debt:
			€			79			£			67			0.8523			Prepaid Exp / (Accrued Exp)			$	0.7		$	(0.1)		$	0.6
			A$			210			U.S.$			135			0.6420			Prepaid Exp			3.5			—			3.5
			U.S.$			67			£			55			0.8177			Prepaid Exp			0.8			—			0.8
			£			50			U.S.$			61			1.2222			(Accrued Exp)			—			(0.9)			(0.9)
			€			200			U.S.$			217			1.0852			Prepaid Exp / (Accrued Exp)			7.6			(0.4)			7.2
Economic hedges for which hedge accounting was not elected:
			Diesel fuel contracts			Fixed on 3.1M – 3.9M gal per month			Float on 3.1M– 3.9M gal per month						N/A			(Accrued Exp)			—			(9.1)			(9.1)
Intercompany billings in TJX International, primarily merchandise:
			€			175			£			148			0.8442			Prepaid Exp			1.5			—			1.5
Merchandise purchase commitments:
			C$			873			U.S.$			625			0.7159			Prepaid Exp			21.9			—			21.9
			C$			33			€			22			0.6673			Prepaid Exp / (Accrued Exp)			0.1			(0.0)			0.1
			£			416			U.S.$			530			1.2742			Prepaid Exp / (Accrued Exp)			15.2			(1.1)			14.1
			zł			552			£			107			0.1933			(Accrued Exp)			—			(3.5)			(3.5)
			A$			81			U.S.$			52			0.6448			Prepaid Exp / (Accrued Exp)			1.7			(0.1)			1.6
			U.S.$			87			€			82			0.9317			Prepaid Exp / (Accrued Exp)			0.1			(2.9)			(2.8)
Total fair value of derivative financial instruments																					$	53.1		$	(18.1)		$	35.0

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at August 3, 2024:

In millions						Pay			Receive						Blended Contract Rate			Balance Sheet Location			Current Asset U.S.$			Current (Liability) U.S.$			Net Fair  Value in  U.S.$ at  August 3, 2024
Fair value hedges:
Intercompany balances, primarily debt:
			€			78			£			67			0.8546			Prepaid Exp / (Accrued Exp)			$	0.3		$	(0.7)		$	(0.4)
			A$			210			U.S.$			139			0.6637			Prepaid Exp			2.2			—			2.2
			U.S.$			70			£			55			0.7898			Prepaid Exp			0.7			—			0.7
			£			100			U.S.$			127			1.2712			Prepaid Exp / (Accrued Exp)			0.5			(1.6)			(1.1)
			€			200			U.S.$			219			1.0949			Prepaid Exp / (Accrued Exp)			0.6			(1.3)			(0.7)
Economic hedges for which hedge accounting was not elected:
			Diesel fuel contracts			Fixed on 3.1M – 4.2M gal per month			Float on 3.1M – 4.2M gal per month						N/A			(Accrued Exp)			—			(15.6)			(15.6)
Intercompany billings in TJX International, primarily merchandise:
			€			157			£			132			0.8408			(Accrued Exp)			—			(2.4)			(2.4)
Merchandise purchase commitments:
			C$			899			U.S.$			660			0.7340			Prepaid Exp			10.5			—			10.5
			C$			33			€			22			0.6745			Prepaid Exp			0.5			—			0.5
			£			434			U.S.$			551			1.2704			Prepaid Exp / (Accrued Exp)			0.8			(5.8)			(5.0)
			zł			554			£			109			0.1970			Prepaid Exp / (Accrued Exp)			0.2			(1.1)			(0.9)
			A$			120			U.S.$			80			0.6677			Prepaid Exp			1.8			—			1.8
			U.S.$			136			€			125			0.9200			Prepaid Exp / (Accrued Exp)			1.0			(0.1)			0.9
Total fair value of derivative financial instruments																					$	19.1		$	(28.6)		$	(9.5)

Impact of Derivative Financial Instruments on Statements of (Loss) Income

The impact of derivative financial instruments on the Consolidated Statements of Income is presented below:

						Amount of Gain (Loss) Recognized in Income by Derivative
			Location of Gain (Loss) Recognized in Income by Derivative			Thirteen Weeks Ended						Twenty-Six Weeks Ended
In millions						August 2, 2025			August 3, 2024			August 2, 2025			August 3, 2024
Fair value hedges:
Intercompany balances, primarily debt			Selling, general and administrative expenses			$	(7)		$	(0)		$	(30)		$	1
Economic hedges for which hedge accounting was not elected:
Diesel fuel contracts			Cost of sales, including buying and occupancy costs			11			(11)			(1)			(16)
Intercompany billings in TJX International, primarily merchandise			Cost of sales, including buying and occupancy costs			(5)			1			(8)			1
Merchandise purchase commitments			Cost of sales, including buying and occupancy costs			3			3			(56)			14
Gain (Loss) recognized in income						$	2		$	(7)		$	(95)		$	0

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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-Topic 815
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-Section 50
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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-Topic 815
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