Company: TJX
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0000109198-25-000061
Chunk: 66

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 8
Chunk 66
---
. 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 the Chief Executive Officer, who is the Company’s chief operating decision maker (“CODM”), regularly reviews to analyze performance and allocate resources. In the United States, the Marmaxx segment operates TJ Maxx, Marshalls, tjmaxx.com and marshalls.com and the HomeGoods segment operates HomeGoods and Homesense. The TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX International segment operates TK Maxx, Homesense, tkmaxx.com, tkmaxx.de, and tkmaxx.at in Europe and TK Maxx in Australia. In addition to the Company’s four segments, Sierra operates retail stores and sierra.com in the U.S. The results of Sierra are included in the Marmaxx segment.All of TJX’s stores, with the exception of HomeGoods and HomeSense/Homesense, sell family apparel and home fashions. HomeGoods and HomeSense/Homesense offer