XML 59 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6

Financial Instruments (Tables)

3 Months Ended

Apr. 28, 2012

Financial Instruments [Abstract]

Derivative Financial Instruments, Related Fair Value And Balance Sheet Classification

The following is a summary of TJX's derivative financial instruments, related fair value and balance sheet classification at April 28, 2012:

In thousands		Pay				Receive				Blended Contract Rate				Balance Sheet Location		Current Asset US$				Current (Liability) US$				Net Fair Value in US$ at April 28, 2012
Fair value hedges:
Intercompany balances, primarily short-term debt and related interest
		£	40,000			C$	63,330				1.5833			(Accrued Exp)		$	—			$	(883	)			(883	)
		z	80,000			C$	23,874				0.2984			Prepaid Exp / (Accrued Exp)			135				(762	)			(627	)
		€	25,000			£	21,335				0.8534			Prepaid Exp			1,427				—				1,427
		€	100,292			US$	134,506				1.3411			Prepaid Exp / (Accrued Exp)			1,411				(138	)			1,273
		US$	85,389			£	55,000				0.6441			Prepaid Exp			3,874				—				3,874
Economic hedges for which hedge accounting was not elected:
Diesel contracts			Fixed on 615K – 1.4M gal per month				Float on 615K – 1.4M gal per month				N/A			Prepaid Exp			3,216				—				3,216
Merchandise purchase commitments
		C$	321,256			US$	324,247				1.0093			Prepaid Exp / (Accrued Exp)			807				(3,504	)			(2,697	)
		C$	7,850			€	6,000				0.7643			Prepaid Exp / (Accrued Exp)			5				(54	)			(49	)
		£	71,404			US$	113,000				1.5825			(Accrued Exp)			—				(3,109	)			(3,109	)
		£	36,475			€	44,000				1.2063			(Accrued Exp)			—				(965	)			(965	)
		US$	5,719			€	4,349				0.7604			Prepaid Exp			45				—				45
Total fair value of financial instruments																$	10,920			$	(9,415	)		$	1,505

The following is a summary of TJX's derivative financial instruments, related fair value and balance sheet classification at April 30, 2011:

In thousands		Pay				Receive				Blended Contract Rate				Balance Sheet Location		Current Asset US$				Current (Liability) US$				Net Fair Value in US$ at April 30, 2011
Fair value hedges:
Intercompany balances, primarily short-term debt and related interest
		£	70,000			C$	110,907				1.5844			Prepaid Exp / (Accrued Exp)		$	471			$	(122	)		$	349
		€	25,000			£	21,265				0.8506			(Accrued Exp)			—				(1,367	)			(1,367	)
		€	65,292			US$	86,985				1.3322			Prepaid Exp / (Accrued Exp)			13				(9,042	)			(9,029	)
		US$	85,894			£	55,000				0.6403			Prepaid Exp			5,640				—				5,640
Economic hedges for which hedge accounting was not elected:
Diesel contracts			Fixed on 5.7M gal per month				Float on 5.7M gal per month				N/A			Prepaid Exp			2,008				—				2,008
Merchandise purchase commitments
		C$	407,470			US$	410,100				1.0065			(Accrued Exp)			—				(19,962	)			(19,962	)
		C$	7,821			€	5,800				0.7416			Prepaid Exp			308				—				308
		£	51,736			US$	83,500				1.6140			(Accrued Exp)			—				(2,876	)			(2,876	)
		£	5,827			€	7,000				1.2013			Prepaid Exp			620				—				620
		€	4,323			US$	5,950				1.3764			(Accrued Exp)			—				(446	)			(446	)
		€	2,359			£	2,000				0.8478			(Accrued Exp)			—				(152	)			(152	)
		US$	1,257			€	911				0.7247			Prepaid Exp			90				—				90
Total fair value of financial instruments																$	9,150			$	(33,967	)		$	(24,817	)

Impact Of Derivative Financial Instruments On Statements Of Income

				Amount of Gain (Loss) Recognized in Income by Derivative
In thousands		Location of Gain (Loss) Recognized in Income by Derivative		April 28, 2012				April 30, 2011
Fair value hedges:
Intercompany balances, primarily short-term debt and related interest		Selling, general and administrative expenses		$	3,652			$	(3,169	)
Economic hedges for which hedge accounting was not elected:
Diesel fuel contracts		Cost of sales, including buying and occupancy costs			1,517				1,262
Merchandise purchase commitments		Cost of sales, including buying and occupancy costs			(7,856	)			(20,243	)
Gain (loss) recognized in income				$	(2,687	)		$	(22,150	)

X

- Details

Name:	us-gaap_DerivativeInstrumentsAndHedgesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 205G

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44C

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 205G

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44C

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration