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Financial Instruments (Tables) | 9 Months Ended
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Oct. 31, 2015
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 October 31, 2015:
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 October 31, 2015 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily debt and related interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | zł |  |  | 87,073 |  |  | C$ | 29,560 |  |  |  | 0.3395 |  |  | Prepaid Exp / (Accrued Exp) |  | $ | 270 |  |  | $ | (198 | ) |  | $ | 72 |
|  | zł |  |  | 35,000 |  |  | £ | 6,279 |  |  |  | 0.1794 |  |  | Prepaid Exp |  |  | 635 |  |  |  | — |  |  |  | 635 |
|  | € |  |  | 45,000 |  |  | £ | 33,294 |  |  |  | 0.7399 |  |  | Prepaid Exp |  |  | 1,726 |  |  |  | — |  |  |  | 1,726 |
|  | € |  |  | 19,850 |  |  | U.S.$ | 22,647 |  |  |  | 1.1409 |  |  | Prepaid Exp |  |  | 762 |  |  |  | — |  |  |  | 762 |
|  | U.S.$ |  |  | 83,400 |  |  | £ | 55,000 |  |  |  | 0.6595 |  |  | Prepaid Exp |  |  | 1,424 |  |  |  | — |  |  |  | 1,424 |
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diesel contracts |  |  |  |  | Fixed on 975K – 3.0M gal per month |  |  |  | Float on 975K – 3.0M gal per month |  |  |  | N/A |  |  | (Accrued Exp) |  |  | — |  |  |  | (10,437 | ) |  |  | (10,437 | )
Merchandise purchase commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | C$ |  |  | 530,307 |  |  | U.S.$ | 410,904 |  |  |  | 0.7748 |  |  | Prepaid Exp / (Accrued Exp) |  |  | 6,470 |  |  |  | (906 | ) |  |  | 5,564 |
|  | C$ |  |  | 18,574 |  |  | € | 12,700 |  |  |  | 0.6838 |  |  | Prepaid Exp / (Accrued Exp) |  |  | 2 |  |  |  | (224 | ) |  |  | (222 | )
|  | £ |  |  | 160,365 |  |  | U.S.$ | 247,900 |  |  |  | 1.5458 |  |  | Prepaid Exp / (Accrued Exp) |  |  | 1,218 |  |  |  | (689 | ) |  |  | 529 |
|  | zł |  |  | 213,967 |  |  | £ | 36,670 |  |  |  | 0.1714 |  |  | Prepaid Exp |  |  | 1,275 |  |  |  | — |  |  |  | 1,275 |
|  | U.S.$ |  |  | 29,338 |  |  | € | 26,318 |  |  |  | 0.8971 |  |  | Prepaid Exp / (Accrued Exp) |  |  | 19 |  |  |  | (379 | ) |  |  | (360 | )
Total fair value of financial instruments |  |  |  |  |  |  |  |  | $ | 13,801 |  |  | $ | (12,833 | ) |  | $ | 968 |
The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at November 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 November 1, 2014 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily debt and related interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | zł |  |  | 87,073 |  |  | C$ | 30,519 |  |  |  | 0.3505 |  |  | Prepaid Exp |  | $ | 1,313 |  |  | $ | — |  |  | $ | 1,313 |
|  | € |  |  | 39,000 |  |  | £ | 31,968 |  |  |  | 0.8197 |  |  | Prepaid Exp |  |  | 2,151 |  |  |  | — |  |  |  | 2,151 |
|  | € |  |  | 44,850 |  |  | U.S.$ | 61,842 |  |  |  | 1.3789 |  |  | Prepaid Exp |  |  | 5,635 |  |  |  | — |  |  |  | 5,635 |
|  | U.S.$ |  |  | 90,309 |  |  | £ | 55,000 |  |  |  | 0.6090 |  |  | (Accrued Exp) |  |  | — |  |  |  | (2,393 | ) |  |  | (2,393 | )
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diesel contracts |  |  |  |  | Fixed on 390K - 1.8M gal per month |  |  |  | Float on 390K - 1.8M gal per month |  |  |  | N/A |  |  | (Accrued Exp) |  |  | — |  |  |  | (5,360 | ) |  |  | (5,360 | )
Merchandise purchase commitments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | C$ |  |  | 293,187 |  |  | U.S.$ | 267,020 |  |  |  | 0.9107 |  |  | Prepaid Exp |  |  | 7,060 |  |  |  | — |  |  |  | 7,060 |
|  | C$ |  |  | 7,206 |  |  | € | 5,000 |  |  |  | 0.6939 |  |  | Prepaid Exp / (Accrued Exp) |  |  | 4 |  |  |  | (135 | ) |  |  | (131 | )
|  | £ |  |  | 103,088 |  |  | U.S.$ | 168,500 |  |  |  | 1.6345 |  |  | Prepaid Exp / (Accrued Exp) |  |  | 3,690 |  |  |  | (5 | ) |  |  | 3,685 |
|  | zł |  |  | 151,572 |  |  | £ | 28,638 |  |  |  | 0.1889 |  |  | Prepaid Exp |  |  | 992 |  |  |  | — |  |  |  | 992 |
|  | U.S.$ |  |  | 21,525 |  |  | € | 16,401 |  |  |  | 0.7620 |  |  | (Accrued Exp) |  |  | — |  |  |  | (981 | ) |  |  | (981 | )
Total fair value of financial instruments |  |  |  |  |  |  |  |  | $ | 20,845 |  |  | $ | (8,874 | ) |  | $ | 11,971 |
Impact of Derivative Financial Instruments on Statements of Income | Presented below is the impact of derivative financial instruments on the statements of income for the periods shown:
|  |  |  | Amount of Gain (Loss) Recognized in Income by Derivative |
|  | Location of Gain (Loss) Recognized in Income by Derivative |  | Thirteen Weeks Ended |
In thousands |  |  | October 31, 2015 |  |  | November 1, 2014 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily debt and related interest |  | Selling, general and administrative expenses |  | $ | (730 | ) |  | $ | 1,842 |
Economic hedges for which hedge accounting was not elected: |  |  |  |  |
Diesel fuel contracts |  | Cost of sales, including buying and occupancy costs |  |  | (2,405 | ) |  |  | (5,614 | )
Merchandise purchase commitments |  | Cost of sales, including buying and occupancy costs |  |  | 5,311 |  |  |  | 16,476 |
Gain / (loss) recognized in income |  |  |  | $ | 2,176 |  |  | $ | 12,704 |
|  |  |  | Amount of Gain (Loss) Recognized in Income by Derivative |
|  | Location of Gain (Loss) Recognized in Income by Derivative |  | Thirty-Nine Weeks Ended |
In thousands |  |  | October 31, 2015 |  |  | November 1, 2014 |
Fair value hedges: |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily debt and related interest |  | Selling, general and administrative expenses |  | $ | 6,978 |  |  | $ | 5,720 |
Economic hedges for which hedge accounting was not elected: |  |  |  |  |
Diesel fuel contracts |  | Cost of sales, including buying and occupancy costs |  |  | (11,696 | ) |  |  | (4,709 | )
Merchandise purchase commitments |  | Cost of sales, including buying and occupancy costs |  |  | 12,854 |  |  |  | 780 |
Gain / (loss) recognized in income |  |  |  | $ | 8,136 |  |  | $ | 1,791 |

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- 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 4C -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 Reference 2: 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=56946850&loc=SL5618551-113959 + Details
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- 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=56946850&loc=SL5624163-113959 + Details
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