Stock Incentive Plan (Tables)

12 Months Ended

Feb. 03, 2018

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 3, 2018			January 28, 2017			January 30, 2016
Risk-free interest rate		1.75	%		1.20	%		1.50	%
Dividend yield		1.5	%		1.2	%		1.2	%
Expected volatility factor		23.5	%		23.8	%		24.4	%
Expected option life in years		4.8			4.8			4.5
Weighted average fair value of options issued	$	14.32		$	14.55		$	14.48

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 3, 2018					January 28, 2017					January 30, 2016
	Options			WAEP		Options			WAEP		Options			WAEP
		(53 weeks)
Outstanding at beginning of year		27,353		$	48.69		28,686		$	41.68		30,078		$	34.91
Granted		4,702			73.21		4,305			75.04		4,169			72.54
Exercised		(4,096	)		32.23		(5,265	)		30.83		(5,124	)		25.87
Forfeitures		(329	)		71.40		(373	)		66.15		(437	)		55.06
Outstanding at end of year		27,630		$	55.03		27,353		$	48.69		28,686		$	41.68
Options exercisable at end of year		18,976		$	46.56		18,980		$	38.69		20,175		$	31.75

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 February 3, 2018:


Shares in thousands	Shares		Aggregate Intrinsic Value		Weighted Average Remaining Contract Life		WAEP
Options outstanding expected to vest		8,014	$	38,245		9.0 years	$	73.70
Options exercisable		18,976	$	605,624		5.0 years	$	46.56
Total outstanding options vested and expected to vest		26,990	$	643,869		6.2 years	$	54.61

Summary of Nonvested Performance-Based Stock Awards

A summary of the status of our nonvested performance-based stock awards and changes during fiscal 2018 is presented below:


Shares in thousands	Performance- based stock awards			Weighted Average Grant Date Fair Value
Nonvested at beginning of year		1,559		$	72.52
Granted		562			76.71
Vested		(551	)		63.77
Forfeited		(47	)		68.21

Nonvested at end of year		1,523		$	77.37