Company: TJX
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0000109198-25-000061
Chunk: 59

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 income$1,442 $1,297 $3,721 $3,466 Weighted average common shares outstanding for basic earnings per share calculation1,112 1,127 1,115 1,130 Basic earnings per share$1.30 $1.15 $3.34 $3.07 Diluted earnings per share:Net income$1,442 $1,297 $3,721 $3,466 Weighted average common shares outstanding for basic earnings per share calculation1,112 1,127 1,115 1,130 Assumed exercise/vesting of stock options and awards14 14 14 14 Weighted average common shares outstanding for diluted earnings per share calculation1,126 1,141 1,129 1,144 Diluted earnings per share$1.28 $1.14 $3.30 $3.03 Cash dividends declared per share$0.425 $0.375 $1.275 $1.125 The weighted average common shares for the diluted earnings per share calculation excludes the impact of outstanding stock options if the assumed proceeds per share of the option is in excess of the average price of TJX’s common stock for the related fiscal periods. Such options are excluded because they would have an antidilutive effect. There were 3 million antidilutive options excluded for the thirteen weeks and thirty-nine weeks ended November 1, 2025 and 4 million antidilutive options excluded for the thirteen weeks and thirty-nine weeks ended November 2, 2024.

Note E. Financial Instruments

As a result of its operating and financing activities, TJX is exposed to market risks from changes in interest and foreign currency exchange rates and fuel costs. These market risks may adversely affect TJX’s operating results and financial position. TJX seeks to minimize risk from changes in interest and foreign currency exchange rates and fuel costs through the use of derivative financial instruments when and to the extent deemed appropriate. TJX does not use derivative financial instruments for trading or other speculative purposes and does not use any leveraged derivative financial instruments. TJX recognizes all derivative instruments as either assets or liabilities in the Consolidated Balance Sheet and measures those instruments at fair value. The fair values of the derivatives are classified as assets or liabilities, current or non-current, based upon valuation results and settlement dates of the individual contracts. Changes to the fair value of derivative contracts