Company: TJX
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0000109198-25-000054
Chunk: 9

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 SEC withdrew its defense of the rules in the pending litigation and the Company is continuing to monitor the status.Recently Adopted Accounting StandardsImprovements to Reportable Segment Disclosures

In November 2023, the FASB issued guidance related to improvements to reportable segment disclosures. The new standard improves financial reporting by requiring disclosure of incremental segment information on an annual and interim basis to enable investors to develop more decision-useful financial analyses. The Company adopted this standard as of February 1, 2025, on a retrospective basis. Refer to Note G—Segment Information for the impact upon adoption of the new required disclosures. 

Note B. Property at Cost 

The following table presents the components of property at cost:In millionsAugust 2,2025February 1,2025August 3,2024Land and buildings$2,640 $2,558 $2,400 Leasehold costs and improvements5,149 4,710 4,539 Furniture, fixtures and equipment9,171 8,714 8,425 Total property at cost$16,960 $15,982 $15,364 Less: accumulated depreciation and amortization9,185 8,636 8,396 Net property at cost$7,775 $7,346 $6,968 Depreciation expense was $307 million and $264 million for the three months ended August 2, 2025 and August 3, 2024, respectively. Depreciation expense was $602 million and $527 million for the six months ended August 2, 2025 and August 3, 2024, respectively.  Non-cash investing activities consist of accrued capital additions of $221 million and $186 million as of the periods ended August 2, 2025 and August 3, 2024, respectively.

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Note C. Accumulated Other Comprehensive (Loss) Income 

Amounts included in Accumulated other comprehensive (loss) income are recorded net of taxes. The following table details the changes in Accumulated other comprehensive (loss) income for the twelve months ended February 1, 2025 and the six months ended August 2, 2025:In millions and net of immaterial taxesForeignCurrencyTranslationDeferredBenefitCostsAccumulatedOtherComprehensive(Loss) IncomeBalance, February 3, 2024$(514)$(18)$(532)Additions to other