Company: TJX
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0000109198-25-000061
Chunk: 18

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 — — Liabilities:Foreign currency exchange contracts$18.6 $9.0 $8.7 Diesel fuel contracts— 9.1 16.3 Investments designed to meet obligations under the Executive Savings Plan are invested in registered investment companies traded in active markets and are recorded at unadjusted quoted prices.Foreign currency exchange contracts and diesel fuel contracts are valued using broker quotations, which include observable market information. TJX does not make adjustments to quotes or prices obtained from brokers or pricing services but does assess the credit risk of counterparties and will adjust final valuations when appropriate. Where independent pricing services provide fair values, TJX obtains an understanding of the methods used in pricing. As such, these instruments are classified within Level 2.

18

The fair value of TJX’s general corporate debt was estimated by obtaining market quotes given the trading levels of other bonds of the same general issuer type and market perceived credit quality. These inputs are considered to be Level 2 inputs. These estimates do not necessarily reflect provisions or restrictions in the various debt agreements that might affect TJX’s ability to settle these obligations.The following table summarizes the carrying value and fair value estimates of the Company’s components of long-term debt:November 1,2025February 1,2025November 2,2024In millionsCarrying ValueFair ValueCarrying ValueFair ValueCarrying ValueFair ValueLevel 2Current portion of long-term debt$999 $986 $— $— $— $— Long-term debt$1,870 $1,742 $2,866 $2,634 $2,865 $2,640 For additional information on long-term debt, see Note I—Long-Term Debt and Credit Lines.TJX’s cash equivalents are stated at cost, which approximates fair value due to the short maturities of these instruments.The majority of the Company’s assets and liabilities are not measured at fair value on an ongoing basis. Certain assets and liabilities are measured at fair value on a nonrecurring basis and are subject to fair value adjustments in certain circumstances, such as when there is evidence of an impairment. For the periods ended November 1, 2025, February 1, 2025 and November 2, 2024, the Company did not record any material impairments to long-lived assets.

Note G. Segment Information 

TJX operates four segments. TJX defines its segments as those operations whose results