Segment Information (Tables)

12 Months Ended

Jan. 30, 2021

Segment Reporting [Abstract]

Percentages of Consolidated Revenues by Major Product Category

The percentages of our consolidated revenues by major product category for the last three fiscal years are as follows:

	Fiscal 2021		Fiscal 2020		Fiscal 2019
Apparel
Clothing including footwear	46	%	51	%	52	%
Jewelry and accessories	15		16		15
Home fashions	39		33		33
Total	100	%	100	%	100	%

Financial Information on Business Segments

Presented below is financial information with respect to TJX’s business segments:

	Fiscal Year Ended
In thousands	January 30, 2021		February 1, 2020		February 2, 2019
Net sales:
In the United States:
Marmaxx	$	19,362,573	$	25,664,805	$	24,057,970
HomeGoods	6,096,237		6,355,770		5,787,365
TJX Canada	2,836,088		4,031,406		3,869,779
TJX International	3,842,064		5,664,996		5,257,820
Total net sales	$	32,136,962	$	41,716,977	$	38,972,934
Segment profit (loss):
In the United States:
Marmaxx	$	891,180	$	3,469,794	$	3,253,949
HomeGoods	509,562		680,520		671,871
TJX Canada	124,143		515,559		551,617
TJX International	(503,618)		307,081		285,790
Total segment profit	$	1,021,267	$	4,972,954	$	4,763,227
General corporate expense	439,037		556,745		545,034
Loss on early extinguishment of debt	312,233		—		—
Interest expense, net	180,734		10,026		8,860
Pension settlement charge	—		—		36,122
Income before income taxes	$	89,263	$	4,406,183	$	4,173,211

Business segment information (continued):

	Fiscal Year Ended
In thousands	January 30, 2021		February 1, 2020		February 2, 2019
Identifiable assets:
In the United States:
Marmaxx	$	10,220,441	$	11,162,890	$	6,223,110
HomeGoods	2,851,131		2,785,006		1,416,687
TJX Canada	2,035,341		1,889,679		914,789
TJX International	4,389,261		4,284,385		2,344,033
Corporate(a)	11,317,381		4,023,043		3,427,410
Total identifiable assets(b)	$	30,813,555	$	24,145,003	$	14,326,029
Capital expenditures:
In the United States:
Marmaxx	$	216,186	$	614,624	$	598,955
HomeGoods	162,200		251,864		170,978
TJX Canada	43,879		101,862		82,333
TJX International	145,756		254,766		272,873
Total capital expenditures(c)	$	568,021	$	1,223,116	$	1,125,139
Depreciation and amortization:
In the United States:
Marmaxx	$	478,963	$	473,908	$	456,420
HomeGoods	135,205		124,360		110,978
TJX Canada	70,777		66,693		66,365
TJX International	175,824		197,262		180,631
Corporate(d)	9,989		5,080		5,261
Total depreciation and amortization	$	870,758	$	867,303	$	819,655

(a)Corporate identifiable assets consist primarily of cash, the trust assets in connection with the Executive Savings Plan and the investment in Familia. Consolidated cash, including cash held in the Company’s foreign entities, is included with corporate assets for consistency with the reporting of cash for the Company’s segments in the U.S. The increase in Corporate identifiable assets in fiscal 2021 is primarily attributable to the increase in cash.

(b)On February 3, 2019, the Company adopted ASU 2016-02, Leases (Topic 842) using the modified retrospective method under ASU 2018-11, allowing it to not restate its prior period Consolidated Balance Sheets to reflect the new guidance. The adoption of the new lease standard significantly increased assets and current and long term liabilities on the Company’s Consolidated Balance Sheets as it recorded operating lease right of use assets and corresponding operating lease liabilities. For additional information, see Note M—Leases.

(c)Fiscal 2021 reduction in capital spending due to the COVID-19 pandemic.

(d)Includes debt discount accretion and debt expense amortization.