Company: TJX
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0000109198-25-000061
Chunk: 57

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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 July 2025, filed a status report requesting that the U.S. Court of Appeals for the Eighth Circuit (the "Eighth Circuit") proceed with the case and issue an opinion on the challenges to the rules. In September 2025, the Eighth Circuit denied the SEC's request to proceed with the case and issued an order staying the litigation until the SEC either renews its defense of the rules or revised the rules via notice-and-comment rulemaking. 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 millionsNovember 1,2025February 1,2025November 2,2024Land and buildings$2,681 $2,558 $2,436 Leasehold costs and improvements5,263 4,710 4,670 Furniture, fixtures and equipment9,275 8,714 8,540 Total property at cost$17,219 $15,982 $15,646 Less: accumulated depreciation and amortization9,293 8,636 8,510 Net property at cost$7,926 $7,346 $7,136 Depreciation expense was $315 million and $265 million for the three months ended November 1, 2025 and November 2, 2024, respectively. Depreciation expense was $917 million and $791 million for the nine months ended November 1, 2025 and November 2, 2024, respectively.Non-cash investing activities consist of accrued capital additions of $185 million and $199 million as of the periods ended November 1, 2025 and November 2, 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