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Financial Instruments (Tables)
 12 Months Ended
Feb. 02, 2019
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 February 2, 2019:
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 2,
2019
Fair value hedges:
 
 
 
 
 
 
 
 
Intercompany balances, primarily debt and related interest:
 
 
 
 
 
zł
59,000

£
12,021

0.2037

Prepaid Exp
$
56

$
—

$
56

 
€
55,950

£
49,560

0.8858

Prepaid Exp /
(Accrued Exp)
126

(140
)
(14
)
 
A$
30,000

U.S.$
21,483

0.7161

(Accrued Exp)
—

(314
)
(314
)
 
U.S.$
72,020

£
55,000

0.7637

Prepaid Exp
1,037

—

1,037

Economic hedges for which hedge accounting was not elected:
 
 
 
 
Diesel contracts
 
Fixed on 2.7M - 3.3M gal per month
 
Float on 2.7M - 3.3M gal per month
N/A

(Accrued Exp)
—

(3,786
)
(3,786
)
Intercompany billings in TJX International, primarily merchandise related:
 
 
 
 
€
46,600

£
41,835

0.8977

Prepaid Exp
1,300

—

1,300

Merchandise purchase commitments:
 
 
 
 
 
C$
546,083

U.S.$
414,100

0.7583

Prepaid Exp /
(Accrued Exp)
1,239

(4,741
)
(3,502
)
 
C$
31,455

€
20,700

0.6581

(Accrued Exp)
—

(248
)
(248
)
 
£
173,624

U.S.$
230,000

1.3247

Prepaid Exp /
(Accrued Exp)
3,459

(1,466
)
1,993

 
zł
280,167

£
57,586

0.2055

Prepaid Exp /
(Accrued Exp)
707

(86
)
621

 
A$
51,043

U.S.$
36,961

0.7241

Prepaid Exp /
(Accrued Exp)
97

(213
)
(116
)
 
U.S.$
56,847

€
49,355

0.8682

Prepaid Exp /
(Accrued Exp)
115

(207
)
(92
)
Total fair value of financial instruments
 
 
$
8,136

$
(11,201
)
$
(3,065
)
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 International, 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
)
Impact of Derivative Financial Instruments on Statements of Income
The impact of derivative financial instruments on the statements of income during fiscal 2019, fiscal 2018 and fiscal 2017 are as follows:
  
  
Amount of Gain (Loss) Recognized in
Income by Derivative
In thousands
Location of Gain (Loss) Recognized in
Income by Derivative
February 2,
2019
February 3,
2018
January 28,
2017
 
 

(53 weeks)
 
Fair value hedges:
 
 
 
 
Intercompany balances, primarily debt and related interest
Selling, general and administrative expenses
$
(2,674
)
$
1,207

$
(17,250
)
Economic hedges for which hedge accounting was not elected:
 
 
 
 
Intercompany receivable
Selling, general and administrative expenses
18,823

—

—

Diesel contracts
Cost of sales, including buying and occupancy costs
1,373

7,946

3,906

Intercompany billings in TJX International, primarily merchandise related
Cost of sales, including buying and occupancy costs
1,137

(3,042
)
(8,684
)
Merchandise purchase commitments
Cost of sales, including buying and occupancy costs
60,407

(45,886
)
5,626

Gain (loss) recognized in income
$
79,066

$
(39,775
)
$
(16,402
)