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