Financial Instruments (Tables)

12 Months Ended

Jan. 31, 2026

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

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)