Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

TJX Cos. Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Accounts payable	3,862)	3,794)	4,465)	4,823)	2,673)	2,644)
Employee compensation and benefits, current	1,399)	968)	1,117)	946)	772)	738)
Merchandise credits and gift certificates	773)	721)	685)	576)	501)	450)
Dividends payable	383)	346)	312)	316)	282)	242)
Occupancy costs, including rent, utilities and real estate taxes	379)	378)	399)	315)	283)	243)
Sales tax collections and V.A.T. taxes	291)	384)	268)	115)	195)	170)
Accrued capital additions	246)	199)	186)	89)	125)	119)
All other current liabilities	1,399)	1,350)	1,279)	1,114)	884)	770)
Accrued expenses and other current liabilities	4,870)	4,346)	4,245)	3,471)	3,042)	2,733)
Current portion of operating lease liabilities	1,620)	1,610)	1,577)	1,678)	1,411)	—)
Current portion of long-term debt	—)	500)	—)	750)	—)	—)
Federal, state and foreign income taxes payable	99)	55)	181)	82)	25)	154)
Current liabilities	10,451)	10,305)	10,468)	10,804)	7,150)	5,531)
Employee compensation and benefits, long term	630)	597)	647)	680)	515)	449)
Tax reserve, long term	202)	235)	277)	264)	255)	235)
Asset retirement obligation	75)	66)	66)	58)	52)	50)
Accrued rent	—)	—)	—)	—)	—)	269)
Build-to-suit lease obligations	—)	—)	—)	—)	—)	243)
Landlord allowances	—)	—)	—)	—)	—)	80)
All other long-term liabilities	17)	21)	25)	62)	29)	27)
Other long-term liabilities	924)	919)	1,016)	1,064)	851)	1,354)
Non-current deferred income taxes, net	148)	127)	44)	37)	142)	158)
Long-term operating lease liabilities, excluding current portion	8,060)	7,775)	7,576)	7,743)	7,817)	—)
Long-term debt, excluding current portion	2,862)	2,859)	3,355)	5,333)	2,237)	2,234)
Long-term liabilities	11,994)	11,680)	11,990)	14,177)	11,047)	3,746)
Total liabilities	22,445)	21,985)	22,458)	24,981)	18,197)	9,277)
Preferred stock, par value $1, no shares issued	—)	—)	—)	—)	—)	—)
Common stock, par value $1	1,134)	1,155)	1,181)	1,205)	1,199)	1,217)
Additional paid-in capital	—)	—)	—)	261)	—)	—)
Accumulated other comprehensive loss	(532)	(606)	(687)	(606)	(673)	(630)
Retained earnings	6,700)	5,815)	5,509)	4,974)	5,422)	4,462)
Shareholders’ equity	7,302)	6,364)	6,003)	5,833)	5,948)	5,049)
Total liabilities and shareholders’ equity	29,747)	28,349)	28,461)	30,814)	24,145)	14,326)

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	TJX Cos. Inc. current liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	TJX Cos. Inc. long-term liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	TJX Cos. Inc. total liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	TJX Cos. Inc. shareholders’ equity increased from 2022 to 2023 and from 2023 to 2024.

TJX Cos. Inc. (NYSE:TJX)

Balance Sheet: Liabilities and Stockholders’ Equity