Company: TJX
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0000109198-25-000061
Chunk: 17

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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9114 Prepaid Exp / (Accrued Exp)0.1 (1.4)(1.3)Total fair value of derivative financial instruments$23.6 $(25.0)$(1.4)

17

The impact of derivative financial instruments on the Consolidated Statements of Income is presented below:  Amount of Gain (Loss) Recognizedin Income by Derivative  Location of Gain (Loss) Recognized in Income byDerivativeThirteen Weeks EndedThirty-Nine Weeks EndedIn millionsNovember 1,2025November 2,2024November 1,2025November 2,2024Fair value hedges:Intercompany balances, primarily debtSelling, general and administrative expenses$1 $2 $(29)$3 Economic hedges for which hedge accounting was not elected:Diesel fuel contractsCost of sales, including buying and occupancy costs3 (6)2 (22)Intercompany billings in TJX International, primarily merchandiseCost of sales, including buying and occupancy costs1 4 (7)5 Merchandise purchase commitmentsCost of sales, including buying and occupancy costs13 1 (43)15 Gain (Loss) recognized in income$18 $1 $(77)$1 

Note F. Fair Value Measurements 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (also referred to as exit price). The inputs used to measure fair value are generally classified into the following hierarchy:Level 1:  Unadjusted quoted prices in active markets for identical assets or liabilitiesLevel 2:  Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liabilityLevel 3:  Unobservable inputs for the asset or liabilityThe following table sets forth TJX’s financial assets and liabilities that are accounted for at fair value on a recurring basis:In millionsNovember 1,2025February 1,2025November 2,2024Level 1Assets:Executive Savings Plan investments$545.5 $481.4 $465.8 Level 2Assets:Foreign currency exchange contracts$29.7 $53.1 $23.6 Diesel fuel contracts2.8