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Stock Incentive Plan (Tables)
 12 Months Ended
Feb. 03, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Estimated Fair Value of Options as of Grant Date by Using Black-Scholes Option Pricing Model
The fair value of options is estimated as of the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:
  Fiscal Year Ended
  February 3,
2024		January 28,
2023		January 29,
2022
Risk-free interest rate4.51 %3.69 %0.84 %
Dividend yield
1.5 %1.8 %1.5 %
Expected volatility factor24.1 %26.0 %23.8 %
Expected option life5.5 years5.5 years5.0 years
Weighted average fair value of options issued$24.62 $16.68 $12.85 
Schedule of Stock Options and Related Weighted Average Exercise Prices
A summary of the status of TJX’s stock options and related weighted average exercise prices (“WAEP”) is presented below:
  Fiscal Year Ended
February 3,
2024		January 28,
2023		January 29,
2022
Shares in millionsOptionsWAEPOptionsWAEPOptionsWAEP
Outstanding at beginning of year37 $51.88 40 $47.11 43 $41.79 
Granted5 91.00 6 65.54 5 70.48 
Exercised(7)43.39 (8)38.12 (7)32.04 
Forfeitures(0)68.32 (1)63.29 (1)57.55 
Outstanding at end of year35 $58.65 37 $51.88 40 $47.11 
Options exercisable at end of year25 $50.64 26 $45.99 29 $40.93 
Schedule of Stock Options Outstanding Expected to Vest and Stock Options Outstanding Exercisable
The following table summarizes information about stock options outstanding that were expected to vest and stock options outstanding that were exercisable as of February 3, 2024:
Shares
(in millions)
Aggregate
Intrinsic
Value
(in millions)
Weighted
Average
Remaining
Contract Life		WAEP
Options outstanding expected to vest(a)
10 $189 8.9 years$77.76 
Options exercisable25 1,172 4.9 years50.64 
Total outstanding options vested and expected to vest35 $1,361 6.0 years$58.16 
(a)Reflects 10 million unvested options, net of anticipated forfeitures.
Summary of Nonvested Performance-Based Stock Awards
A summary of the status of the Company’s non-vested stock awards and changes during fiscal 2024 is presented below:
In thousands except grant date fair valueRestricted Stock UnitsPerformance Share UnitsTotal Stock AwardsWeighted
Average
Grant Date
Fair Value
Nonvested at beginning of year1,867 761 2,628 $61.76 
Granted342 352 694 76.21 
Vested(849)— (849)56.82 
Forfeited(80)(50)(130)63.14 
Nonvested at end of year1,280 1,063 2,343 $67.76