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Pension Plans and Other Retirement Benefits | 6 Months Ended
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Aug. 03, 2019
Retirement Benefits [Abstract] |
Pension Plans and Other Retirement Benefits | Pension Plans and Other Retirement Benefits Presented below is financial information relating to TJX’s funded defined benefit pension plan (“qualified pension plan” or “funded plan”) and its unfunded supplemental pension plan (“unfunded plan”) for the periods shown:
|  | Funded Plan |  | Unfunded Plan
|  | Thirteen Weeks Ended |  | Thirteen Weeks Ended
In thousands |  | August 3, 2019 |  | August 4, 2018 |  | August 3, 2019 |  | August 4, 2018
Service cost |  | $ | 11,049 |  |  | $ | 11,613 |  |  | $ | 552 |  |  | $ | 611 |
Interest cost |  | 12,990 |  |  | 13,965 |  |  | 967 |  |  | 853 |
Expected return on plan assets |  | (18,488 | ) |  | (20,962 | ) |  | — |  |  | — |
Recognized actuarial losses |  | 4,509 |  |  | 3,114 |  |  | 936 |  |  | 821 |
Total expense |  | $ | 10,060 |  |  | $ | 7,730 |  |  | $ | 2,455 |  |  | $ | 2,285 |
|  | Funded Plan |  | Unfunded Plan
|  | Twenty-Six Weeks Ended |  | Twenty-Six Weeks Ended
In thousands |  | August 3, 2019 |  | August 4, 2018 |  | August 3, 2019 |  | August 4, 2018
Service cost |  | $ | 22,098 |  |  | $ | 23,226 |  |  | $ | 1,104 |  |  | $ | 1,222 |
Interest cost |  | 25,980 |  |  | 27,930 |  |  | 1,934 |  |  | 1,706 |
Expected return on plan assets |  | (36,976 | ) |  | (41,924 | ) |  | — |  |  | — |
Recognized actuarial losses |  | 9,018 |  |  | 6,228 |  |  | 1,872 |  |  | 1,642 |
Total expense |  | $ | 20,120 |  |  | $ | 15,460 |  |  | $ | 4,910 |  |  | $ | 4,570 |
TJX’s policy with respect to the funded plan is to fund, at a minimum, the amount required to maintain a funded status of 80% of the applicable pension liability (the Funding Target pursuant to the Internal Revenue Code section 430) or such other amount as is sufficient to avoid restrictions with respect to the funding of nonqualified plans under the Internal Revenue Code. We do not anticipate any required funding in fiscal 2020 for the funded plan. We anticipate making contributions of $4.8 million to provide current benefits coming due under the unfunded plan in fiscal 2020. The amounts included in recognized actuarial losses in the table above have been reclassified in their entirety from AOCI to the Consolidated Statements of Income, net of related tax effects, for the periods presented.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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