XML 68 R35.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Stock Incentive Plan (Tables) | 12 Months Ended
--- | ---
Feb. 01, 2014
Schedule of Estimated Fair Value of Options as of Grant Date by Using Black-Scholes Option Pricing Model | The fair value of options is estimated as of the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:
|  | Fiscal Year Ended |
|  | February 1, 2014 |  |  | February 2, 2013 |  |  | January 28, 2012 |
Risk-free interest rate |  |  | 1.42 | % |  |  | 0.70 | % |  |  | 0.92 | %
Dividend yield |  |  | 1.0 | % |  |  | 1.0 | % |  |  | 1.4 | %
Expected volatility factor |  |  | 25.9 | % |  |  | 29.0 | % |  |  | 31.1 | %
Expected option life in years |  |  | 4.4 |  |  |  | 4.5 |  |  |  | 5.0 |
Weighted average fair value of options issued |  | $ | 11.92 |  |  | $ | 10.28 |  |  | $ | 6.55 |
Schedule of Stock Options and Related Weighted Average Exercise Prices | Stock Options: A summary of the status of TJX’s stock options and related weighted average exercise prices (“WAEP”) is presented below (shares in thousands):
|  | Fiscal Year Ended |
|  | February 1, 2014 |  |  | February 2, 2013 |  |  | January 28, 2012 |
|  | Options |  |  | WAEP |  |  | Options |  |  | WAEP |  |  | Options |  |  | WAEP |
|  | (53 weeks) |
Outstanding at beginning of year |  |  | 36,620 |  |  | $ | 22.31 |  |  |  | 40,944 |  |  | $ | 18.27 |  |  |  | 50,095 |  |  | $ | 15.70 |
Granted |  |  | 4,742 |  |  |  | 56.71 |  |  |  | 4,951 |  |  |  | 45.09 |  |  |  | 7,922 |  |  |  | 26.56 |
Exercised |  |  | (8,258 | ) |  |  | 17.71 |  |  |  | (8,385 | ) |  |  | 15.90 |  |  |  | (15,433 | ) |  |  | 13.98 |
Forfeitures |  |  | (476 | ) |  |  | 34.74 |  |  |  | (890 | ) |  |  | 23.35 |  |  |  | (1,640 | ) |  |  | 20.29 |
Outstanding at end of year |  |  | 32,628 |  |  | $ | 28.30 |  |  |  | 36,620 |  |  | $ | 22.31 |  |  |  | 40,944 |  |  | $ | 18.27 |
Options exercisable at end of year |  |  | 22,473 |  |  | $ | 20.19 |  |  |  | 24,050 |  |  | $ | 17.02 |  |  |  | 24,540 |  |  | $ | 15.04 |
Schedule of Stock Options Outstanding Expected to Vest and Stock Options Outstanding Exercisable | The following table summarizes information about stock options outstanding that were expected to vest and stock options outstanding that were exercisable as of February 1, 2014:
Shares in thousands |  | Shares |  |  | Aggregate Intrinsic Value |  |  | Weighted Average Remaining Contract Life |  |  | WAEP |
Options outstanding expected to vest |  |  | 9,484 |  |  | $ | 109,443 |  |  |  | 8.8 years |  |  | $ | 45.82 |
Options exercisable |  |  | 22,473 |  |  | $ | 835,215 |  |  |  | 5.2 years |  |  | $ | 20.19 |
Total outstanding options vested and expected to vest |  |  | 31,957 |  |  | $ | 944,658 |  |  |  | 6.3 years |  |  | $ | 27.80 |
Summary of Nonvested Performance-Based Stock Awards | A summary of the status of our nonvested performance-based stock awards and changes during fiscal 2014 is presented below:
Shares in thousands |  | Restricted and Deferred Awards |  |  | Weighted Average Grant Date Fair Value |
Nonvested at beginning of year |  |  | 1,677 |  |  | $ | 31.45 |
Granted |  |  | 744 |  |  |  | 51.02 |
Vested |  |  | (586 | ) |  |  | 24.26 |
Forfeited |  |  | (29 | ) |  |  | 30.86 |
Nonvested at end of year |  |  | 1,806 |  |  | $ | 41.85 |

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the following for fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position: the number, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term of options (or share units) outstanding. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration