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Pension Plans and Other Retirement Benefits (Tables)
9 Months Ended
Oct. 27, 2012
Financial Information Related to Funded Defined Benefit Retirement Plan and Unfunded Supplemental Pension Plan

Presented below is financial information related to TJX’s funded defined benefit retirement plan (funded plan) and its unfunded supplemental pension plan (unfunded plan) for the periods shown.

 

     Pension
(Funded Plan)
    Pension
(Unfunded Plan)
 
     Thirteen Weeks Ended     Thirteen Weeks Ended  

In thousands

   October 27,
2012
    October 29,
2011
    October 27,
2012
     October 29,
2011
 

Service cost

   $ 11,709      $ 8,893      $ 407       $ 359   

Interest cost

     10,856        10,019        609         558   

Expected return on plan assets

     (13,216     (12,275     —           —     

Amortization of prior service cost

     —          —          1         1   

Recognized actuarial losses

     4,926        3,515        894         86   
  

 

 

   

 

 

   

 

 

    

 

 

 

Expense related to current period

     14,275        10,152        1,911         1,004   

Correction of prior years pension accruals

     22,317        —          —           —     
  

 

 

   

 

 

   

 

 

    

 

 

 

Total expense

   $ 36,592      $ 10,152      $ 1,911       $ 1,004   
  

 

 

   

 

 

   

 

 

    

 

 

 

 

     Pension
(Funded Plan)
    Pension
(Unfunded Plan)
 
     Thirty-Nine Weeks Ended     Thirty-Nine Weeks Ended  

In thousands

   October 27,
2012
    October 29,
2011
    October 27,
2012
     October 29,
2011
 

Service cost

   $ 31,359      $ 25,393      $ 1,086       $ 892   

Interest cost

     31,381        28,925        1,749         1,807   

Expected return on plan assets

     (41,068     (36,794     —           —     

Amortization of prior service cost

     —          —          2         3   

Recognized actuarial losses

     19,121        8,141        1,844         500   
  

 

 

   

 

 

   

 

 

    

 

 

 

Expense related to current period

     40,793        25,665        4,681         3,202   

Correction of prior years pension accruals

     22,317        —          —           —     
  

 

 

   

 

 

   

 

 

    

 

 

 

Total expense

   $ 63,110      $ 25,665      $ 4,681       $ 3,202