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Basis of Presentation and Summary of Accounting Policies (Tables) | 12 Months Ended
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Feb. 01, 2020
Accounting Policies [Abstract] |
Contract with Customer Liability |
In thousands | February 1, 2020 | February 2, 2019
Balance, beginning of year | $ | 450,302 |  | $ | 406,506 |
Deferred revenue | 1,690,073 |  | 1,677,251 |
Effect of exchange rates changes on deferred revenue | 258 |  | (6,279) |
Revenue recognized | (1,639,789) |  | (1,627,176) |
Balance, end of year | $ | 500,844 |  | $ | 450,302 |
Summary of Interest Expense, Net | Interest TJX’s interest expense is presented net of capitalized interest and interest income. The following is a summary of interest expense, net:
| Fiscal Year Ended |  |
In thousands | February 1, 2020 | February 2, 2019 | February 3, 2018
|  |  | (53 weeks)
Interest expense | $ | 61,400 |  | $ | 69,102 |  | $ | 69,237 |
Capitalized interest | (2,314) |  | (4,263) |  | (4,942) |
Interest (income) | (49,060) |  | (55,979) |  | (32,707) |
Interest expense, net | $ | 10,026 |  | $ | 8,860 |  | $ | 31,588 |
Impact of New Lease Standard on Consolidated Balance Sheet Line Items | As a result of applying the new lease standard using the optional transition method, the following adjustments were made to accounts as of February 3, 2019, as reflected on the Condensed Consolidated Balance Sheet shown below:
In thousands | As Reported February 2, 2019 | Adjustments |  | Adjusted February 3, 2019
Prepaid expenses and other current assets | $ | 513,662 |  | $ | (149,029) |  | (a) | $ | 364,633 |
Net property at cost | 5,255,208 |  | (281,361) |  | (b),(f) | 4,973,847 |
Operating lease right of use asset | — |  | 8,704,584 |  | (c) | 8,704,584 |
Other assets | 497,580 |  | (30,086) |  | (b) | 467,494 |
Total Assets | $ | 14,326,029 |  | $ | 8,244,108 |  |  | $ | 22,570,137 |
Accrued expenses and other current liabilities | 2,733,076 |  | (3,819) |  |  | 2,729,257 |
Current portion of operating lease liabilities | — |  | 1,481,555 |  | (d) | 1,481,555 |
Other long-term liabilities | 1,354,242 |  | (593,137) |  | (e),(f) | 761,105 |
Long-term operating lease liabilities | — |  | 7,359,106 |  | (d) | 7,359,106 |
Retained earnings | 4,461,744 |  | 403 |  | (f),(g) | 4,462,147 |
Total Liabilities and Shareholders' Equity | $ | 14,326,029 |  | $ | 8,244,108 |  |  | $ | 22,570,137 |
(a)Represents prepaid rent reclassified to operating lease right of use assets and current portion of operating lease liabilities. (b)Represents impact of reclassifying initial direct costs to operating lease right of use assets. (c)Represents capitalization of operating lease right of use assets and reclassification of lease acquisition costs, straight-line rent, prepaid rent and tenant incentives. (d)Represents recognition of current and long-term operating lease liabilities. (e)Represents reclassification of straight-line rent to operating lease right of use assets. (f)Represents de-recognition of assets and liabilities related to non-TJX owned properties under previously existing build-to-suit accounting rules. (g)Represents impairment at transition on operating lease right of use assets.
Roll Forward of Goodwill by Component | The following is a roll forward of goodwill by component:
In thousands | Marmaxx | Winners | T.K. Maxx in Australia | Total
Balance, February 3, 2018 | $ | 70,027 |  | $ | 1,784 |  | $ | 28,258 |  | $ | 100,069 |
Effect of exchange rate changes on goodwill | — |  | (92) |  | (2,425) |  | (2,517) |
Balance, February 2, 2019 | $ | 70,027 |  | $ | 1,692 |  | $ | 25,833 |  | $ | 97,552 |
Effect of exchange rate changes on goodwill | — |  | (17) |  | (1,989) |  | (2,006) |
Balance, February 1, 2020 | $ | 70,027 |  | $ | 1,675 |  | $ | 23,844 |  | $ | 95,546 |
Schedule of Finite-Lived Intangible Assets | The following is a roll forward of tradenames.
| Fiscal Year Ended |  |  |  |  |  |  |  |
| February 1, 2020 |  |  |  |  | February 2, 2019 |  |  |
In thousands | Gross Carrying Amount | Accumulated Amortization | Impact of FX | Net Carrying Value |  | Gross Carrying Amount | Accumulated Amortization | Impact of FX | Net Carrying Value
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |
Sierra Trading Post |  | $ | 38,500 |  | $ | (18,181) |  | $ | — |  | $ | 20,319 |  |  | $ | 38,500 |  | $ | (15,614) |  | $ | — |  | $ | 22,886 |
Trade Secret |  | $ | 12,541 |  | $ | (5,242) |  | $ | (1,948) |  | $ | 5,351 |  |  | $ | 12,541 |  | $ | (4,117) |  | $ | (1,048) |  | $ | 7,376 |
Indefinite-lived intangible asset: |  |  |  |  |  |  |  |  |  |
Marshalls |  | $ | 107,695 |  | $ | — |  | $ | — |  | $ | 107,695 |  |  | $ | 107,695 |  | $ | — |  | $ | — |  | $ | 107,695 |

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