XML 51 R16.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Pension Plans and Other Retirement Benefits | 3 Months Ended
--- | ---
May 03, 2014
Pension Plans and Other Retirement Benefits | Note H. Pension Plans and Other Retirement Benefits Presented below is financial information related to TJX’s funded defined benefit pension plan (qualified pension plan or funded plan) and its unfunded supplemental retirement plan (unfunded plan) for the periods shown.
|  | Funded Plan |  |  | Unfunded Plan |
|  | Thirteen Weeks Ended |  |  | Thirteen Weeks Ended |
In thousands |  | May 3, 2014 |  |  | May 4, 2013 |  |  | May 3, 2014 |  |  | May 4, 2013 |
Service cost |  | $ | 10,123 |  |  | $ | 11,274 |  |  | $ | 450 |  |  | $ | 521 |
Interest cost |  |  | 12,297 |  |  |  | 11,325 |  |  |  | 694 |  |  |  | 593 |
Expected return on plan assets |  |  | (16,303 | ) |  |  | (14,624 | ) |  |  | — |  |  |  | — |
Amortization of prior service cost |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 1 |
Recognized actuarial losses |  |  | 3,257 |  |  |  | 6,918 |  |  |  | 303 |  |  |  | 560 |
Total expense |  | $ | 9,374 |  |  | $ | 14,893 |  |  | $ | 1,448 |  |  | $ | 1,675 |
TJX’s policy with respect to the funded plan is to fund, at a minimum, the amount required to maintain a funded status of 80% of the applicable pension liability (the funding target pursuant to the Internal Revenue Code section 430) or such other amount sufficient to avoid restrictions with respect to the funding of TJX’s nonqualified plans under the Internal Revenue Code. TJX does not anticipate any required funding in fiscal 2015 for the funded plan. TJX anticipates making payments of $3.4 million to provide current benefits coming due under the unfunded plan in fiscal 2015. The amounts included in amortization of prior service cost and recognized actuarial losses in the table above have been reclassified in their entirety from other comprehensive income to the statements of income, net of related tax effects, for both periods presented. TJX also has an unfunded postretirement medical plan which was closed to new benefits in fiscal 2006. The liability as of May 3, 2014 is estimated at $1.2 million, all of which is included in non-current liabilities on the balance sheet. The amendment to the plan benefits in fiscal 2006 resulted in a negative plan amendment which is being amortized to income over the estimated average remaining life of the active plan participants. Amortization from other comprehensive income to net income was $864,226 for the thirteen weeks ended May 3, 2014 and $862,856 for the thirteen weeks ended May 4, 2013.

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration