Company: TJX
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0000109198-25-000054
Chunk: 67

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 8
Chunk 67
---
 or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liabilityLevel 3:  Unobservable inputs for the asset or liabilityThe following table sets forth TJX’s financial assets and liabilities that are accounted for at fair value on a recurring basis:In millionsAugust 2,2025February 1,2025August 3,2024Level 1Assets:Executive Savings Plan investments$511.7 $481.4 $453.1 Level 2Assets:Foreign currency exchange contracts$14.2 $53.1 $19.1 Liabilities:Foreign currency exchange contracts$38.7 $9.0 $13.0 Diesel fuel contracts0.4 9.1 15.6 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:August 2,2025February 1,2025August 3,2024In millionsCarrying ValueFair ValueCarrying ValueFair ValueCarrying ValueFair ValueLevel 2Long-term debt$2,867 $2,702 $2,866 $2,634 $2,864 $2,676 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