XML 95 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Financial Instruments (Tables) | 6 Months Ended
--- | ---
Aug. 03, 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 August 3, 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 August 3, 2013 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily short-term debt and related interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | zł | 94,073 |  |  | C$ | 29,598 |  |  |  | 0.3146 |  |  |  | (Accrued Exp | ) |  | $ | — |  |  | $ | (930 | ) |  | $ | (930 | )
|  | £ | 25,000 |  |  | C$ | 38,946 |  |  |  | 1.5578 |  |  |  | (Accrued Exp | ) |  |  | — |  |  |  | (859 | ) |  |  | (859 | )
|  | € | 44,281 |  |  | £ | 35,781 |  |  |  | 0.8080 |  |  |  | (Accrued Exp | ) |  |  | — |  |  |  | (4,191 | ) |  |  | (4,191 | )
|  | € | 44,850 |  |  | U.S.$ | 59,273 |  |  |  | 1.3216 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 1,112 |  |  |  | (1,424 | ) |  |  | (312 | )
|  | U.S.$ | 87,117 |  |  | £ | 55,000 |  |  |  | 0.6313 |  |  |  | (Accrued Exp | ) |  |  | — |  |  |  | (3,095 | ) |  |  | (3,095 | )
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diesel contracts |  |  | Fixed on 350K - 1.9M gal per month |  |  |  | Float on 350K - 1.9M gal per month |  |  |  | N/A |  |  |  | Prepaid Exp |  |  |  | 1,443 |  |  |  | — |  |  |  | 1,443 |
Merchandise purchase commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | C$ | 351,970 |  |  | U.S.$ | 340,731 |  |  |  | 0.9681 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 3,459 |  |  |  | (921 | ) |  |  | 2,538 |
|  | C$ | 7,234 |  |  | € | 5,350 |  |  |  | 0.7396 |  |  |  | Prepaid Exp |  |  |  | 141 |  |  |  | — |  |  |  | 141 |
|  | £ | 99,797 |  |  | U.S.$ | 152,500 |  |  |  | 1.5281 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 838 |  |  |  | (920 | ) |  |  | (82 | )
|  | £ | 27,346 |  |  | zł | 135,214 |  |  |  | 4.9446 |  |  |  | (Accrued Exp) |  |  |  | — |  |  |  | (432 | ) |  |  | (432 | )
|  | U.S.$ | 19,497 |  |  | € | 14,917 |  |  |  | 0.7651 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 314 |  |  |  | (6 | ) |  |  | 308 |
Total fair value of financial instruments |  |  |  |  |  |  |  |  |  |  | $ | 7,307 |  |  | $ | (12,778 | ) |  | $ | (5,471 | )
The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at July 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 July 28, 2012 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily short-term debt and related interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | £ | 40,000 |  |  | C$ | 63,330 |  |  |  | 1.5833 |  |  |  | (Accrued Exp) |  |  | $ | — |  |  | $ | (167 | ) |  | $ | (167 | )
|  | zł | 91,500 |  |  | C$ | 27,247 |  |  |  | 0.2978 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 344 |  |  |  | (178 | ) |  |  | 166 |
|  | € | 25,000 |  |  | £ | 21,335 |  |  |  | 0.8534 |  |  |  | Prepaid Exp |  |  |  | 2,722 |  |  |  | — |  |  |  | 2,722 |
|  | € | 102,002 |  |  | U.S.$ | 136,656 |  |  |  | 1.3397 |  |  |  | Prepaid Exp |  |  |  | 10,746 |  |  |  | — |  |  |  | 10,746 |
|  | U.S.$ | 85,389 |  |  | £ | 55,000 |  |  |  | 0.6441 |  |  |  | Prepaid Exp |  |  |  | 1,191 |  |  |  | — |  |  |  | 1,191 |
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diesel contracts |  |  | Fixed on 430K - 1.7M gal per month |  |  |  | Float on 430K - 1.7M gal per month |  |  |  | N/A |  |  |  | (Accrued Exp) |  |  |  | — |  |  |  | (4 | ) |  |  | (4 | )
Merchandise purchase commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | C$ | 277,963 |  |  | U.S.$ | 277,245 |  |  |  | 0.9974 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 2,053 |  |  |  | (1,559 | ) |  |  | 494 |
|  | C$ | 6,425 |  |  | € | 5,050 |  |  |  | 0.7860 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 3 |  |  |  | (179 | ) |  |  | (176 | )
|  | £ | 81,860 |  |  | U.S.$ | 129,500 |  |  |  | 1.5820 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 1,129 |  |  |  | (553 | ) |  |  | 576 |
|  | £ | 31,094 |  |  | € | 38,000 |  |  |  | 1.2221 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 220 |  |  |  | (2,367 | ) |  |  | (2,147 | )
|  | U.S.$ | 15,197 |  |  | € | 12,166 |  |  |  | 0.8006 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 67 |  |  |  | (264 | ) |  |  | (197 | )
Total fair value of financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 18,475 |  |  | $ | (5,271 | ) |  | $ | 13,204 |
Impact of Derivative Financial Instruments on Statements of Income | The impact of derivative financial instruments on the statements of income during the second quarter of fiscal 2014 and the second quarter of fiscal 2013 is as follows:
|  |  |  | Amount of Gain (Loss) Recognized in Income by Derivative |
|  |  |  | Thirteen Weeks Ended |
In thousands |  | Location of Gain (Loss) Recognized in Income by Derivative |  | August 3, 2013 |  |  | July 28, 2012 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily short-term debt and related interest |  | Selling, general and administrative expenses |  | $ | (4,423 | ) |  | $ | 9,613 |
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |  |  |
Diesel fuel contracts |  | Cost of sales, including buying and occupancy costs |  |  | 2,206 |  |  |  | (3,218 | )
Merchandise purchase commitments |  | Cost of sales, including buying and occupancy costs |  |  | 11,796 |  |  |  | 8,917 |
Gain recognized in income |  |  |  | $ | 9,579 |  |  | $ | 15,312 |
|  |  |  | Amount of Gain (Loss) Recognized in Income by Derivative |
|  |  |  | Twenty-Six Weeks Ended |
In thousands |  | Location of Gain (Loss) Recognized in Income by Derivative |  | August 3, 2013 |  |  | July 28, 2012 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily short-term debt and related interest |  | Selling, general and administrative expenses |  | $ | 1,863 |  |  | $ | 13,265 |
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |  |  |
Diesel fuel contracts |  | Cost of sales, including buying and occupancy costs |  |  | (755 | ) |  |  | (668 | )
Merchandise purchase commitments |  | Cost of sales, including buying and occupancy costs |  |  | 12,803 |  |  |  | (1,486 | )
Gain recognized in income |  |  |  | $ | 13,911 |  |  | $ | 11,111 |

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + 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 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 Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration