XML 59 R32.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Financial Instruments (Tables) | 12 Months Ended
--- | ---
Feb. 01, 2014
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 1, 2014:
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 1, 2014 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily short-term debt and related interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | zł 84,073 |  |  |  | C$ 29,082 |  |  |  | 0.3459 |  |  |  | (Accrued Exp) |  |  | $ | — |  |  | $ | (348 | ) |  | $ | (348 | )
|  |  | € 39,000 |  |  |  | £ 32,646 |  |  |  | 0.8371 |  |  |  | Prepaid Exp |  |  |  | 1,015 |  |  |  | — |  |  |  | 1,015 |
|  |  | € 44,850 |  |  |  | U.S.$ 60,827 |  |  |  | 1.3562 |  |  |  | Prepaid Exp |  |  |  | 335 |  |  |  | — |  |  |  | 335 |
|  |  | U.S.$ 90,309 |  |  |  | £ 55,000 |  |  |  | 0.6090 |  |  |  | (Accrued Exp) |  |  |  | — |  |  |  | (182 | ) |  |  | (182 | )
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diesel contracts |  |  | Fixed on 1.2M —1.9M gal per month |  |  |  | Float on 1.2M —1.9M gal per month |  |  |  | N/A |  |  |  | Prepaid Exp |  |  |  | 137 |  |  |  | — |  |  |  | 137 |
Merchandise purchase commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | C$ 388,745 |  |  |  | U.S.$ 365,100 |  |  |  | 0.9392 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 16,466 |  |  |  | (40 | ) |  |  | 16,426 |
|  |  | C$ 15,202 |  |  |  | € 10,500 |  |  |  | 0.6907 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 548 |  |  |  | (38 | ) |  |  | 510 |
|  |  | £ 174,102 |  |  |  | U.S.$ 280,700 |  |  |  | 1.6123 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 132 |  |  |  | (5,385 | ) |  |  | (5,253 | )
|  |  | zł 113,571 |  |  |  | £ 22,442 |  |  |  | 0.1976 |  |  |  | Prepaid Exp |  |  |  | 984 |  |  |  | — |  |  |  | 984 |
|  |  | U.S.$ 442 |  |  |  | ¥ 2,680 |  |  |  | 6.0633 |  |  |  | Prepaid Exp |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | U.S.$ 12,464 |  |  |  | € 9,159 |  |  |  | 0.7348 |  |  |  | Prepaid Exp / (Accrued Exp) |  |  |  | 2 |  |  |  | (114 | ) |  |  | (112 | )
Total fair value of financial instruments |  |  |  |  |  |  |  |  |  |  | $ | 19,619 |  |  | $ | (6,107 | ) |  | $ | 13,512 |
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 | )
Impact of Derivative Financial Instruments on Statements of Income | The impact of derivative financial instruments on the statements of income during fiscal 2014, fiscal 2013 and fiscal 2012 are as follows:
|  |  |  | Amount of Gain (Loss) Recognized in Income by Derivative |
In thousands |  | Location of Gain (Loss) Recognized in Income by Derivative |  | February 1, 2014 |  |  | February 2, 2013 |  |  | January 28, 2012 |
|  |  |  | (53 weeks) |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily short-term debt and related interest |  | Selling, general and administrative expenses |  | $ | 6,099 |  |  | $ | (7,661 | ) |  | $ | 4,313 |
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diesel contracts |  | Cost of sales, including buying and occupancy costs |  |  | (1,831 | ) |  |  | 4,261 |  |  |  | 1,626 |
Merchandise purchase commitments |  | Cost of sales, including buying and occupancy costs |  |  | 22,338 |  |  |  | (2,084 | ) |  |  | (1,345 | )
Gain (loss) recognized in income |  |  |  | $ | 26,606 |  |  | $ | (5,484 | ) |  | $ | 4,594 |

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