Pension Plans and Other Retirement Benefits (Tables)

9 Months Ended

Oct. 29, 2016

Financial Information Related to Funded Defined Benefit Pension Plan and Unfunded Supplemental Retirement Plan

Presented below is financial information relating to TJX’s funded defined benefit pension plan (qualified pension plan or funded plan) and its unfunded supplemental pension plan (unfunded plan) for the periods shown:


	Funded Plan						Unfunded Plan
	Thirteen Weeks Ended						Thirteen Weeks Ended
In thousands	October 29, 2016			October 31, 2015			October 29, 2016		October 31, 2015
Service cost	$	11,360		$	11,453		$	293	$	(215	)
Interest cost		14,023			12,885			793		533
Expected return on plan assets		(17,633	)		(19,546	)		—		—
Recognized actuarial losses		7,943			8,048			783		211

Expense related to current period		15,693			12,840			1,869		529
Pension settlement charge		31,173			—			—		—

Total expense	$	46,866		$	12,840		$	1,869	$	529


	Funded Plan						Unfunded Plan
	Thirty-Nine Weeks Ended						Thirty-Nine Weeks Ended
In thousands	October 29, 2016			October 31, 2015			October 29, 2016		October 31, 2015
Service cost	$	33,778		$	37,561		$	1,376	$	1,172
Interest cost		42,747			38,783			2,543		2,275
Expected return on plan assets		(53,503	)		(58,532	)		—		—
Recognized actuarial losses		22,362			25,142			2,512		2,969

Net periodic pension cost		45,384			42,954			6,431		6,416
Pension settlement charge		31,173			—			—		—

Total expense	$	76,557		$	42,954		$	6,431	$	6,416

Financial Information Related to Funded Status of Defined Benefit Pension Plan as Result of Measurement and Lump Sum Payment

Presented below is the funded status of the plan as a result of this measurement and lump sum payment:


In thousands
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	1,213,000
Service cost		28,337
Interest cost		38,754
Actuarial (gains) losses		231,636
Benefits paid including lump sum payment		(122,029	)
Expenses paid		(2,980	)

Projected benefit obligation at measurement date	$	1,386,718

Change in plan assets:
Fair value of plan assets at beginning of year	$	1,119,842
Actual return on plan assets		159,787
Employer contribution		—
Benefits paid including lump sum payment		(122,029	)
Expenses paid		(2,980	)

Fair value of plan assets at measurement date	$	1,154,620

Funded status:
Projected benefit obligation at measurement date	$	1,386,718
Fair value of plan assets at measurement date		1,154,620

Funded status – excess obligation at measurement date	$	232,098

Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive income (loss):
Prior service cost	$	2,438
Accumulated actuarial losses		416,873

Amounts included in accumulated other comprehensive income (loss)	$	419,311