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Financial Instruments (Tables) | 9 Months Ended
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Nov. 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 November 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 November 2, 2019
Fair value hedges: |  |  |  |  |  |  |  |  |
Intercompany balances, primarily debt and related interest: |  |  |  |  |  |  |  |  |
| zł | 64,000 |  | £ | 13,144 |  | 0.2054 |  | Prepaid Exp | $ | 246 |  | $ | — |  | $ | 246 |
| € | 46,450 |  | £ | 41,712 |  | 0.8980 |  | Prepaid Exp | 1,919 |  | — |  | 1,919 |
| A$ | 50,000 |  | U.S.$ | 34,370 |  | 0.6874 |  | (Accrued Exp) | — |  | (303) |  | (303) |
| U.S.$ | 72,020 |  | £ | 55,000 |  | 0.7637 |  | (Accrued Exp) | — |  | (757) |  | (757) |
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |  |
| Diesel fuel contracts | Fixed on 2.7M – 3.3M gal per month |  | Float on 2.7M – 3.3M gal per month | N/A | (Accrued Exp) | — |  | (3,878) |  | (3,878) |
Intercompany billings in TJX International, primarily merchandise related: |  |  |  |  |  |  |  |  |
| € | 86,800 |  | £ | 76,837 |  | 0.8852 |  | Prepaid Exp | 2,411 |  | — |  | 2,411 |
Merchandise purchase commitments: |  |  |  |  |  |  |  |  |
| C$ | 642,859 |  | U.S.$ | 487,300 |  | 0.7580 |  | Prepaid Exp / (Accrued Exp) | 808 |  | (2,960) |  | (2,152) |
| C$ | 31,863 |  | € | 21,600 |  | 0.6779 |  | Prepaid Exp / (Accrued Exp) | 36 |  | (111) |  | (75) |
| £ | 308,166 |  | U.S.$ | 386,700 |  | 1.2548 |  | Prepaid Exp / (Accrued Exp) | 373 |  | (14,122) |  | (13,749) |
| A$ | 42,054 |  | U.S.$ | 28,767 |  | 0.6840 |  | Prepaid Exp / (Accrued Exp) | 46 |  | (414) |  | (368) |
| zł | 369,290 |  | £ | 76,343 |  | 0.2067 |  | Prepaid Exp / (Accrued Exp) | 2,192 |  | (148) |  | 2,044 |
| U.S.$ | 2,254 |  | £ | 1,761 |  | 0.7813 |  | Prepaid Exp | 23 |  | — |  | 23 |
| U.S.$ | 69,558 |  | € | 61,875 |  | 0.8895 |  | Prepaid Exp / (Accrued Exp) | 304 |  | (614) |  | (310) |
Total fair value of derivative financial instruments |  |  |  |  |  |  | $ | 8,358 |  | $ | (23,307) |  | $ | (14,949) |
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 fuel 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 derivative 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 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 |
| U.S.$ | 77,079 |  | £ | 55,000 |  | 0.7136 |  | (Accrued Exp) | — |  | (5,545) |  | (5,545) |
| A$ | 30,000 |  | U.S.$ | 21,207 |  | 0.7069 |  | (Accrued Exp) | — |  | (429) |  | (429) |
Economic hedges for which hedge accounting was not elected: |  |  |  |  |  |  |  |  |
| Diesel fuel 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 TJX International, 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 |
Impact of Derivative Financial Instruments on Statements of Income | Presented below is the impact of derivative financial instruments on the Consolidated Statements of Income for the periods shown:
|  | Amount of Gain (Loss) Recognized in Income by Derivative |  |  |
| Location of Gain (Loss) Recognized in Income by Derivative | Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended |
In thousands |  | November 2, 2019 | November 3, 2018 | November 2, 2019 | November 3, 2018
Fair value hedges: |  |  |  |  |
Intercompany balances, primarily debt and related interest | Selling, general and administrative expenses | $ | 7,238 |  | $ | 672 |  | $ | 526 |  | $ | (3,538) |
Economic hedges for which hedge accounting was not elected: |  |  |  |  |
Intercompany receivable | Selling, general and administrative expenses | — |  | — |  | 3,257 |  | 18,823 |
Diesel fuel contracts | Cost of sales, including buying and occupancy costs | 529 |  | 1,572 |  | (2,103) |  | 7,530 |
Intercompany billings in TJX International, primarily merchandise related | Cost of sales, including buying and occupancy costs | 5,144 |  | 1,718 |  | 944 |  | 1,024 |
International lease liabilities | Cost of sales, including buying and occupancy costs | 301 |  | — |  | (1,113) |  | — |
Merchandise purchase commitments | Cost of sales, including buying and occupancy costs | (18,622) |  | 8,463 |  | 8,536 |  | 61,091 |
Gain / (loss) recognized in income |  | $ | (5,410) |  | $ | 12,425 |  | $ | 10,047 |  | $ | 84,930 |

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