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Financial Instruments (Tables) | 9 Months Ended
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Nov. 03, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of 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 November 3, 2018:
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 3, 2018
Fair value hedges: |  |  |  |  |  |  |  |
Intercompany balances, primarily debt and related interest |  |  |  |  |
| zł | 62,000 |  | £ | 12,983 |  | 0.2094 |  | Prepaid Exp | $ | 475 |  | $ | — |  | $ | 475 |
| € | 48,950 |  | £ | 43,612 |  | 0.8909 |  | Prepaid Exp | 626 |  | — |  | 626 |
| A$ | 30,000 |  | U.S.$ | 21,207 |  | 0.7069 |  | (Accrued Exp) | — |  | (429 | ) | (429 | )
| U.S.$ | 77,079 |  | £ | 55,000 |  | 0.7136 |  | (Accrued Exp) | — |  | (5,545 | ) | (5,545 | )
Economic hedges for which hedge accounting was not elected: |  |  |  |
Diesel contracts |  | Fixed on 1.3M – 3.0M gal per month |  |  | Float on 1.3M – 3.0M gal per month |  | N/A |  | Prepaid Exp | 4,965 |  | — |  | 4,965 |
Intercompany billings in Europe, primarily merchandise related |  |  |  |  |
| € | 82,000 |  | £ | 71,853 |  | 0.8763 |  | (Accrued Exp) | — |  | (231 | ) | (231 | )
Merchandise purchase commitments |  |  |  |  |
| C$ | 582,670 |  | U.S.$ | 447,800 |  | 0.7685 |  | Prepaid Exp / (Accrued Exp) | 3,216 |  | (543 | ) | 2,673 |
| C$ | 29,614 |  | € | 19,500 |  | 0.6585 |  | Prepaid Exp / (Accrued Exp) | 4 |  | (342 | ) | (338 | )
| £ | 271,690 |  | U.S.$ | 369,500 |  | 1.3600 |  | Prepaid Exp / (Accrued Exp) | 15,585 |  | (132 | ) | 15,453 |
| U.S.$ | 2,692 |  | £ | 2,067 |  | 0.7678 |  | Prepaid Exp / (Accrued Exp) | 15 |  | (28 | ) | (13 | )
| A$ | 45,132 |  | U.S.$ | 32,962 |  | 0.7303 |  | Prepaid Exp / (Accrued Exp) | 441 |  | (21 | ) | 420 |
| zł | 289,208 |  | £ | 59,158 |  | 0.2046 |  | Prepaid Exp / (Accrued Exp) | 744 |  | (373 | ) | 371 |
| U.S.$ | 67,459 |  | € | 57,065 |  | 0.8459 |  | (Accrued Exp) | — |  | (2,235 | ) | (2,235 | )
Total fair value of derivative financial instruments |  |  | $ | 26,071 |  | $ | (9,879 | ) | $ | 16,192 |
The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at February 3, 2018:
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 February 3, 2018
Fair value hedges: |  |  |  |  |  |  |  |
Intercompany balances, primarily debt and related interest |  |  |  |
| zł | 67,000 |  | £ | 14,035 |  | 0.2095 |  | (Accrued Exp) | $ | — |  | $ | (45 | ) | $ | (45 | )
| € | 51,950 |  | £ | 46,095 |  | 0.8873 |  | (Accrued Exp) | — |  | (318 | ) | (318 | )
| U.S.$ | 77,079 |  | £ | 55,000 |  | 0.7136 |  | Prepaid Exp | 1,636 |  | — |  | 1,636 |
Economic hedges for which hedge accounting was not elected: |  |  |
Diesel contracts |  |  |  |  |  |  |  |
|  | Fixed on 2.2M – 3.0M gal per month |  | Float on 2.2M– 3.0M gal per month | N/A |  | Prepaid Exp | 7,854 |  | — |  | 7,854 |
Intercompany billings in TJX Europe, primarily merchandise related |  |  |
| € | 26,000 |  | £ | 22,948 |  | 0.8826 |  | (Accrued Exp) | — |  | (2 | ) | (2 | )
Merchandise purchase commitments |  |  |  |
| C$ | 462,464 |  | U.S.$ | 367,200 |  | 0.7940 |  | Prepaid Exp / (Accrued Exp) | 49 |  | (5,478 | ) | (5,429 | )
| C$ | 22,562 |  | € | 15,000 |  | 0.6648 |  | Prepaid Exp | 557 |  | — |  | 557 |
| £ | 176,911 |  | U.S.$ | 238,000 |  | 1.3453 |  | Prepaid Exp / (Accrued Exp) | 173 |  | (12,838 | ) | (12,665 | )
| zł | 288,646 |  | £ | 60,023 |  | 0.2079 |  | (Accrued Exp) | — |  | (1,303 | ) | (1,303 | )
| A$ | 28,635 |  | U.S.$ | 22,230 |  | 0.7763 |  | Prepaid Exp / (Accrued Exp) | 43 |  | (573 | ) | (530 | )
| U.S.$ | 44,223 |  | € | 36,950 |  | 0.8355 |  | Prepaid Exp | 1,905 |  | — |  | 1,905 |
Total fair value of financial instruments |  | $ | 12,217 |  | $ | (20,557 | ) | $ | (8,340 | )
The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at October 28, 2017:
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 28, 2017
Fair value hedges: |  |  |  |  |  |  |  |
Intercompany balances, primarily debt and related interest |  |  |
|  | zł | 67,000 |  | £ | 13,000 |  | 0.1940 |  | (Accrued Exp) | $ | — |  | $ | (1,211 | ) | $ | (1,211 | )
|  | € | 49,950 |  | £ | 43,317 |  | 0.8672 |  | Prepaid Exp /(Accrued Exp) | 277 |  | (1,600 | ) | (1,323 | )
|  | U.S.$ | 68,445 |  | £ | 55,000 |  | 0.8036 |  | Prepaid Exp | 3,849 |  | — |  | 3,849 |
Economic hedges for which hedge accounting was not elected: |  |  |
Diesel contracts |  |  |  |  |  |  |
|  |  | Fixed on 250K – 2.5M gal per month |  | Float on 250K – 2.5M gal per month |  | N/A |  | Prepaid Exp | 5,226 |  | — |  | 5,226 |
Intercompany billings in Europe, primarily merchandise related |  |  |
|  | € | 27,000 |  | £ | 24,062 |  | 0.8912 |  | Prepaid Exp | 202 |  |  |  | 202 |
Merchandise purchase commitments |  |  |
|  | C$ | 511,004 |  | U.S.$ | 399,650 |  | 0.7821 |  | Prepaid Exp / (Accrued Exp) | 5,023 |  | (4,770 | ) | 253 |
|  | C$ | 25,305 |  | € | 17,000 |  | 0.6718 |  | Prepaid Exp / (Accrued Exp) | 63 |  | (62 | ) | 1 |
|  | £ | 163,682 |  | U.S.$ | 214,000 |  | 1.3074 |  | Prepaid Exp / (Accrued Exp) | 678 |  | (2,298 | ) | (1,620 | )
|  | A$ | 27,187 |  | U.S.$ | 21,351 |  | 0.7853 |  | Prepaid Exp | 467 |  | — |  | 467 |
|  | zł | 313,150 |  | £ | 65,249 |  | 0.2084 |  | Prepaid Exp / (Accrued Exp) | 580 |  | (350 | ) | 230 |
|  | U.S.$ | 2,928 |  | £ | 2,245 |  | 0.7667 | Prepaid Exp | 16 |  | — |  | 16 |
|  | U.S.$ | 68,723 |  | € | 58,859 |  | 0.8565 |  | Prepaid Exp / (Accrued Exp) | 729 |  | (989 | ) | (260 | )
Total fair value of financial instruments |  |  | $ | 17,110 |  | $ | (11,280 | ) | $ | 5,830 |
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 |  | Amount of Gain (Loss) Recognized in Income by Derivative
|  |  |  | Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
In thousands |  | Location of Gain (Loss) Recognized in Income by Derivative |  | November 3, 2018 |  | October 28, 2017 |  | November 3, 2018 |  | October 28, 2017
Fair value hedges: |  |  |  |  |  |  |  |  |  |
Intercompany balances, primarily debt and related interest |  | Selling, general and administrative expenses |  | $ | 672 |  |  | $ | (1,454 | ) |  | $ | (3,538 | ) |  | $ | (3,820 | )
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |
Intercompany receivable |  | Selling, general and administrative expenses |  | — |  |  | — |  |  | 18,823 |  |  | — |
Diesel fuel contracts |  | Cost of sales, including buying and occupancy costs |  | 1,572 |  |  | 4,947 |  |  | 7,530 |  |  | 3,630 |
Intercompany billings in Europe, primarily merchandise related |  | Cost of sales, including buying and occupancy costs |  | 1,718 |  |  | 328 |  |  | 1,024 |  |  | (3,116 | )
Merchandise purchase commitments |  | Cost of sales, including buying and occupancy costs |  | 8,463 |  |  | 13,336 |  |  | 61,091 |  |  | (20,829 | )
Gain / (loss) recognized in income |  |  |  | $ | 12,425 |  |  | $ | 17,157 |  |  | $ | 84,930 |  |  | $ | (24,135 | )

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