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Financial Instruments (Tables) | 9 Months Ended
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Nov. 01, 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 November 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 November 1, 2025
Fair value hedges: |  |  |  |  |  |  |
Intercompany balances, primarily debt: |  |  |
| € | 83 |  | £ | 72 |  | 0.8699 |  | (Accrued Exp) | $ | — |  | $ | (1.3) |  | $ | (1.3) |
| A$ | 240 |  | U.S.$ | 154 |  | 0.6415 |  | Prepaid Exp / (Accrued Exp) | 0.1 |  | (3.4) |  | (3.3) |
| U.S.$ | 74 |  | £ | 55 |  | 0.7409 |  | (Accrued Exp) | — |  | (1.9) |  | (1.9) |
| £ | 50 |  | U.S.$ | 67 |  | 1.3490 |  | Prepaid Exp | 1.7 |  | — |  | 1.7 |
| € | 200 |  | U.S.$ | 228 |  | 1.1400 |  | Prepaid Exp / (Accrued Exp) | 1.6 |  | (5.7) |  | (4.1) |
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 | Prepaid Exp | 2.8 |  | — |  | 2.8 |
Intercompany billings in TJX International, primarily merchandise: |  |
| € | 71 |  | £ | 62 |  | 0.8727 |  | (Accrued Exp) | — |  | (0.5) |  | (0.5) |
Merchandise purchase commitments: |  |  |  |  |
| C$ | 871 |  | U.S.$ | 635 |  | 0.7294 |  | Prepaid Exp / (Accrued Exp) | 11.8 |  | (0.2) |  | 11.6 |
| C$ | 37 |  | € | 23 |  | 0.6180 |  | Prepaid Exp / (Accrued Exp) | 0.1 |  | (0.1) |  | (0.0) |
| £ | 536 |  | U.S.$ | 717 |  | 1.3382 |  | Prepaid Exp / (Accrued Exp) | 13.6 |  | (1.3) |  | 12.3 |
| zł | 440 |  | £ | 89 |  | 0.2022 |  | (Accrued Exp) | — |  | (2.2) |  | (2.2) |
| A$ | 106 |  | U.S.$ | 70 |  | 0.6541 |  | Prepaid Exp / (Accrued Exp) | 0.2 |  | (0.3) |  | (0.1) |
| U.S.$ | 125 |  | € | 107 |  | 0.8565 |  | Prepaid Exp / (Accrued Exp) | 0.6 |  | (1.7) |  | (1.1) |
Total fair value of derivative financial instruments |  | $ | 32.5 |  | $ | (18.6) |  | $ | 13.9 |
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 November 2, 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 November 2, 2024
Fair value hedges: |  |  |  |  |  |  |
Intercompany balances, primarily debt: |  |
| € | 78 |  | £ | 67 |  | 0.8546 |  | Prepaid Exp | $ | 1.3 |  | $ | — |  | $ | 1.3 |
| A$ | 210 |  | U.S.$ | 139 |  | 0.6637 |  | Prepaid Exp | 1.5 |  | — |  | 1.5 |
| U.S.$ | 70 |  | £ | 55 |  | 0.7898 |  | Prepaid Exp | 1.3 |  | — |  | 1.3 |
| £ | 100 |  | U.S.$ | 127 |  | 1.2712 |  | (Accrued Exp) | — |  | (2.3) |  | (2.3) |
| € | 200 |  | U.S.$ | 219 |  | 1.0970 |  | Prepaid Exp / (Accrued Exp) | 0.6 |  | (0.2) |  | 0.4 |
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) | — |  | (16.3) |  | (16.3) |
Intercompany billings in TJX International, primarily merchandise: |  |
| € | 181 |  | £ | 151 |  | 0.8341 |  | (Accrued Exp) | — |  | (1.2) |  | (1.2) |
Merchandise purchase commitments: |  |  |
| C$ | 834 |  | U.S.$ | 610 |  | 0.7318 |  | Prepaid Exp | 10.5 |  | — |  | 10.5 |
| C$ | 33 |  | € | 22 |  | 0.6636 |  | Prepaid Exp / (Accrued Exp) | 0.1 |  | (0.0) |  | 0.1 |
| £ | 478 |  | U.S.$ | 619 |  | 1.2960 |  | Prepaid Exp / (Accrued Exp) | 4.7 |  | (3.5) |  | 1.2 |
| zł | 524 |  | £ | 102 |  | 0.1951 |  | Prepaid Exp / (Accrued Exp) | 2.3 |  | (0.1) |  | 2.2 |
| A$ | 92 |  | U.S.$ | 62 |  | 0.6694 |  | Prepaid Exp | 1.2 |  | — |  | 1.2 |
| U.S.$ | 127 |  | € | 116 |  | 0.9114 |  | Prepaid Exp / (Accrued Exp) | 0.1 |  | (1.4) |  | (1.3) |
Total fair value of derivative financial instruments |  | $ | 23.6 |  | $ | (25.0) |  | $ | (1.4) |
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 | Thirty-Nine Weeks Ended
In millions | November 1, 2025 | November 2, 2024 | November 1, 2025 | November 2, 2024
Fair value hedges: |  |  |  |  |
Intercompany balances, primarily debt | Selling, general and administrative expenses | $ | 1 |  | $ | 2 |  | $ | (29) |  | $ | 3 |
Economic hedges for which hedge accounting was not elected: |  |  |
Diesel fuel contracts | Cost of sales, including buying and occupancy costs | 3 |  | (6) |  | 2 |  | (22) |
Intercompany billings in TJX International, primarily merchandise | Cost of sales, including buying and occupancy costs | 1 |  | 4 |  | (7) |  | 5 |
Merchandise purchase commitments | Cost of sales, including buying and occupancy costs | 13 |  | 1 |  | (43) |  | 15 |
Gain (Loss) recognized in income | $ | 18 |  | $ | 1 |  | $ | (77) |  | $ | 1 |

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