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Financial Instruments (Tables) | 12 Months Ended
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Jan. 31, 2026
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 January 31, 2026:
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 January 31, 2026
Fair value hedges: |  |  |  |  |  |  |
Intercompany balances, primarily debt: |  |  |
| € | 83 |  | £ | 73 |  | 0.8759 |  | Prepaid Exp | $ | 0.9 |  | $ | — |  | $ | 0.9 |
| A$ | 240 |  | U.S.$ | 160 |  | 0.6648 |  | (Accrued Exp) | — |  | (6.9) |  | (6.9) |
| € | 200 |  | U.S.$ | 234 |  | 1.1718 |  | (Accrued Exp) | — |  | (3.2) |  | (3.2) |
Economic hedges for which hedge accounting was not elected: |  |  |
| Diesel fuel contracts | Fixed on 3.2M - 3.9M gal per month |  | Float on 3.2M - 3.9M gal per month | N/A | Prepaid Exp | 6.2 |  | — |  | 6.2 |
Intercompany billings in TJX International, primarily merchandise: |  |  |
| € | 111 |  | £ | 96 |  | 0.8680 |  | Prepaid Exp | 0.2 |  | — |  | 0.2 |
Intercompany balances in TJX International: |  |  |
| £ | 168 |  | U.S.$ | 226 |  | 1.3472 |  | (Accrued Exp) | — |  | (3.6) |  | (3.6) |
Merchandise purchase commitments: |  |  |  |
| C$ | 856 |  | U.S.$ | 620 |  | 0.7241 |  | Prepaid Exp / (Accrued Exp) | 0.1 |  | (10.8) |  | (10.7) |
| C$ | 37 |  | € | 23 |  | 0.6176 |  | Prepaid Exp / (Accrued Exp) | 0.0 |  | (0.1) |  | (0.1) |
| £ | 572 |  | U.S.$ | 766 |  | 1.3386 |  | (Accrued Exp) | — |  | (17.0) |  | (17.0) |
| zł | 402 |  | £ | 83 |  | 0.2062 |  | Prepaid Exp / (Accrued Exp) | 0.7 |  | (0.3) |  | 0.4 |
| A$ | 122 |  | U.S.$ | 81 |  | 0.6621 |  | (Accrued Exp) | — |  | (4.1) |  | (4.1) |
| U.S.$ | 87 |  | € | 74 |  | 0.8495 |  | Prepaid Exp / (Accrued Exp) | 0.9 |  | (0.1) |  | 0.8 |
Total fair value of derivative financial instruments | $ | 9.0 |  | $ | (46.1) |  | $ | (37.1) |
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 |
Summary of Impact of Derivative Financial Instruments on Statements of Income | The impact of derivative financial instruments on the Consolidated Statements of Income is presented below:
| Location of Gain (Loss) Recognized in Income by Derivative | Amount of Gain (Loss) Recognized in Income by Derivative
In millions | January 31, 2026 | February 1, 2025 | February 3, 2024
|  |  |  | (53 weeks)
Fair value hedges: |  |  |  |
Intercompany balances, primarily debt | Selling, general and administrative expenses | $ | (42) |  | $ | 23 |  | $ | 20 |
Economic hedges for which hedge accounting was not elected: |  |  |
Intercompany balances in TJX International | Selling, general and administrative expenses | (4) |  | — |  | — |
Diesel fuel contracts | Cost of sales, including buying and occupancy costs | 6 |  | (23) |  | (19) |
Intercompany billings in TJX International, primarily merchandise | Cost of sales, including buying and occupancy costs | (5) |  | 6 |  | 5 |
Merchandise purchase commitments | Cost of sales, including buying and occupancy costs | (86) |  | 53 |  | (7) |
Gain (loss) recognized in income | $ | (131) |  | $ | 59 |  | $ | (1) |

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