XML 55 R36.htm IDEA: XBRL DOCUMENT v3.7.0.1

Stock Incentive Plan (Tables)

12 Months Ended

Jan. 28, 2017

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
		January 28, 2017				January 30, 2016				January 31, 2015
Risk-free interest rate			1.20	%			1.50	%			1.79	%
Dividend yield			1.2	%			1.2	%			1.2	%
Expected volatility factor			23.8	%			24.4	%			24.2	%
Expected option life in years			4.8				4.5				4.5
Weighted average fair value of options issued		$	14.55			$	14.48			$	12.00

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
		January 28, 2017								January 30, 2016								January 31, 2015
		Options				WAEP				Options				WAEP				Options				WAEP
Outstanding at beginning of year			28,686			$	41.68				30,078			$	34.91				32,628			$	28.30
Granted			4,305				75.04				4,169				72.54				4,849				59.70
Exercised			(5,265	)			30.83				(5,124	)			25.87				(6,981	)			20.39
Forfeitures			(373	)			66.15				(437	)			55.06				(418	)			48.76
Outstanding at end of year			27,353			$	48.69				28,686			$	41.68				30,078			$	34.91
Options exercisable at end of year			18,980			$	38.69				20,175			$	31.75				21,001			$	25.75

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 January 28, 2017:

Shares in thousands		Shares				Aggregate Intrinsic Value				Weighted Average Remaining Contract Life				WAEP
Options outstanding expected to vest			7,747			$	24,974				8.9 years			$	71.42
Options exercisable			18,980			$	675,109				5.0 years			$	38.69
Total outstanding options vested and expected to vest			26,727			$	700,083				6.2 years			$	48.18

Summary of Nonvested Performance-Based Stock Awards

A summary of the status of our nonvested performance-based stock awards and changes during fiscal 2017 is presented below:

Shares in thousands		Performance- based stock awards				Weighted Average Grant Date Fair Value
Nonvested at beginning of year			1,776			$	63.57
Granted			514				78.50
Vested			(706	)			54.47
Forfeited			(25	)			69.31
Nonvested at end of year			1,559			$	72.52

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