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Long-Term Debt and Credit Lines | 6 Months Ended
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Aug. 04, 2018
Debt Disclosure [Abstract] |
Long-Term Debt and Credit Lines | Long-Term Debt and Credit Lines The table below presents long-term debt, exclusive of current installments, as of August 4, 2018, February 3, 2018 and July 29, 2017. All amounts are net of unamortized debt discounts.
In thousands |  | August 4, 2018 |  | February 3, 2018 |  | July 29, 2017
General corporate debt: |  |  |  |  |  |
2.50% senior unsecured notes, maturing May 15, 2023 (effective interest rate of 2.51% after reduction of unamortized debt discount of $211 at August 4, 2018, $234 at February 3, 2018 and $256 at July 29, 2017) |  | $ | 499,789 |  |  | $ | 499,766 |  |  | $ | 499,744 |
2.75% senior unsecured notes, maturing June 15, 2021 (effective interest rate of 2.76% after reduction of unamortized debt discount of $212 at August 4, 2018, $250 at February 3, 2018 and $287 at July 29, 2017) |  | 749,788 |  |  | 749,750 |  |  | 749,713 |
2.25% senior unsecured notes, maturing September 15, 2026 (effective interest rate of 2.32% after reduction of unamortized debt discount of $6,030 at August 4, 2018, $6,403 at February 3, 2018 and $6,776 at July 29, 2017) |  | 993,970 |  |  | 993,597 |  |  | 993,224 |
Debt issuance cost |  | (11,435 | ) |  | (12,506 | ) |  | (13,578 | )
Long-term debt |  | $ | 2,232,112 |  |  | $ | 2,230,607 |  |  | $ | 2,229,103 |
As of August 4, 2018, February 3, 2018 and July 29, 2017, TJX had two $500 million revolving credit facilities, one which matures in March 2020 and one which matures in March 2022. The terms and covenants under the revolving credit facilities require quarterly payments of 6.0 basis points per annum on the committed amounts for both agreements. This rate is based on the credit ratings of TJX’s long-term debt and will vary with specified changes in the credit ratings. These agreements have no compensating balance requirements and have various covenants. Each of these facilities require TJX to maintain a ratio of funded debt and four-times consolidated rentals to consolidated earnings before interest, taxes, consolidated rentals, depreciation and amortization (EBITDAR) of not more than 2.75 to 1.00 on a rolling four-quarter basis. TJX was in compliance with all covenants related to its credit facilities at the end of all periods presented. As of August 4, 2018, February 3, 2018 and July 29, 2017, and during the quarters and year then ended, there were no amounts outstanding under these facilities. As of August 4, 2018, February 3, 2018 and July 29, 2017, TJX Canada had two uncommitted credit lines, a C$10 million facility for operating expenses and a C$10 million letter of credit facility. As of August 4, 2018, February 3, 2018 and July 29, 2017, there were no amounts outstanding on the Canadian credit line for operating expenses. As of August 4, 2018, February 3, 2018 and July 29, 2017, our European business at TJX International had an uncommitted credit line of £5 million. As of August 4, 2018, February 3, 2018 and July 29, 2017, and during the quarters and year then ended, there were no amounts outstanding on the European credit line.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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