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Financial Instruments (Tables)

12 Months Ended

Feb. 02, 2013

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 February 2, 2013:

In thousands		Pay				Receive				Blended Contract Rate				Balance Sheet Location				Current Asset U.S.$				Current (Liability) U.S.$				Net Fair Value in U.S.$ at February 2, 2013
Fair value hedges:
Intercompany balances, primarily short-term debt and related interest
			zł  141,500				C$      44,551				0.3148				(Accrued Exp)			$	—			$	(1,357	)		$	(1,357	)
			€     44,281				£        35,781				0.8080				(Accrued Exp)				—				(4,531	)			(4,531	)
			€     90,292				U.S.$    118,511				1.3125				(Accrued Exp)				—				(4,823	)			(4,823	)
			U.S.$    87,117				£        55,000				0.6313				(Accrued Exp)				—				(974	)			(974	)
Economic hedges for which hedge accounting was not elected:
Diesel contracts			Fixed on 1.1M —1.7M gal per month				Float on 1.1M —1.7M gal per month				N/A				Prepaid Exp				3,372				—				3,372
Merchandise purchase commitments
			C$  238,273				U.S.$   240,814				1.0107				Prepaid Exp / (Accrued Exp)				2,205				(189	)			2,016
			C$      4,752				€         3,700				0.7786				Prepaid Exp				282				—				282
			£    67,746				U.S.$   108,900				1.6075				Prepaid Exp				2,602				—				2,602
			£    10,935				€      13,000				1.1888				Prepaid Exp				565				—				565
			U.S.$     7,099				€         5,443				0.7667				Prepaid Exp				326				—				326
Total fair value of financial instruments																		$	9,352			$	(11,874	)		$	(2,522	)

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

In thousands		Pay				Receive				Blended Contract Rate				Balance Sheet Location				Current Asset U.S.$				Current (Liability) U.S.$				Net Fair Value in U.S.$ at January 28, 2012
Fair value hedges:
Intercompany balances, primarily short-term debt and related interest
			zł     62,000				C$   18,237				0.2941				(Accrued Exp)			$	—			$	(784	)		$	(784	)
			€     25,000				£   21,335				0.8534				Prepaid Exp				333				—				333
			€     75,292				U.S.$ 100,781				1.3385				Prepaid Exp / (Accrued Exp)				1,156				(98	)			1,058
			U.S.$     85,389				£   55,000				0.6441				Prepaid Exp				796				—				796
Economic hedges for which hedge accounting was not elected:
Diesel contracts			Fixed on 450K—1.5M gal per month				Float on 450K—1.5M gal per month				N/A				Prepaid Exp				1,698				—				1,698
Merchandise purchase commitments
			C$    272,210				US$ 273,356				1.0042				Prepaid Exp / (Accrued Exp)				4,201				(2,175	)			2,026
			C$        8,475				€      6,300				0.7434				Prepaid Exp / (Accrued Exp)				53				(178	)			(125	)
			£      40,401				U.S.$   63,000				1.5594				(Accrued Exp)				—				(541	)			(541	)
			£      33,793				€    40,000				1.1837				Prepaid Exp / (Accrued Exp)				135				(405	)			(270	)
			U.S.$        3,135				€       2,366				0.7547				Prepaid Exp / (Accrued Exp)				28				(36	)			(8	)
Total fair value of financial instruments																		$	8,400			$	(4,217	)		$	4,183

Impact of Derivative Financial Instruments on Statements of Income

The impact of derivative financial instruments on the statements of income during fiscal 2013, fiscal 2012 and fiscal 2011 are as follows:

				Amount of Gain (Loss) Recognized in Income by Derivative
In thousands		Location of Gain (Loss) Recognized in Income by Derivative		February 2, 2013				January 28, 2012				January 29, 2011
				(53 weeks)
Fair value hedges:
Intercompany balances, primarily short-term debt and related interest		Selling, general and administrative expenses		$	(7,661	)		$	4,313			$	2,551
Economic hedges for which hedge accounting was not elected:
Diesel contracts		Cost of sales, including buying and occupancy costs			4,261				1,626				(2,872	)
Merchandise purchase commitments		Cost of sales, including buying and occupancy costs			(2,084	)			(1,345	)			(15,688	)
Gain (loss) recognized in income				$	(5,484	)		$	4,594			$	(16,009	)

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

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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.

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