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Stock Incentive Plan (Tables)

12 Months Ended

Feb. 01, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of options is estimated as of the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:

			Fiscal Year Ended
			February 1, 2020			February 2, 2019			February 3, 2018
Risk-free interest rate			1.65		%	2.88		%	1.75		%
Dividend yield			1.6		%	1.4		%	1.5		%
Expected volatility factor			23.4		%	23.5		%	23.5		%
Expected option life in years			4.9			4.9			4.8
Weighted average fair value of options issued			$	10.84		$	11.85		$	7.16

Schedule of Stock Options and Related Weighted Average Exercise Prices

A summary of the status of TJX’s stock options and related weighted average exercise prices (“WAEP”) is presented below:

			Fiscal Year Ended
Shares in thousands			February 1, 2020									February 2, 2019									February 3, 2018
			Options			WAEP			Options			WAEP			Options			WAEP
Outstanding at beginning of year			49,053			$	32.02		55,260			$	27.52		54,706			$	24.35
Granted			6,150			56.74			6,143			53.98			9,404			36.61
Exercised			(9,518)			24.40			(11,670)			21.88			(8,192)			16.12
Forfeitures			(620)			46.37			(680)			38.59			(658)			35.70
Outstanding at end of year			45,065			$	36.81		49,053			$	32.02		55,260			$	27.52
Options exercisable at end of year			32,276			$	31.04		34,344			$	26.95		37,952			$	23.28

Schedule of Stock Options Outstanding Expected to Vest and Stock Options Outstanding Exercisable

The following table summarizes information about stock options outstanding that were expected to vest and stock options outstanding that were exercisable as of February 1, 2020:

			Shares (in thousands)			Aggregate Intrinsic Value (in thousands)			Weighted Average Remaining Contract Life			WAEP
Options outstanding expected to vest(a)			11,908			$	93,671		8.8 years			$	51.17
Options exercisable			32,276			$	903,847		5.0 years			$	31.04
Total outstanding options vested and expected to vest			44,184			$	997,518		6.0 years			$	36.46

(a)Reflects 12.8 million unvested options, net of anticipated forfeitures.

Summary of Nonvested Performance-Based Stock Awards

A summary of the status of our nonvested stock awards and changes during fiscal 2020 is presented below:

Shares in thousands			Stock Awards			Weighted Average Grant Date Fair Value
Nonvested at beginning of year			3,422			$	40.51
Granted			1,002			53.20
Vested			(977)			39.31
Forfeited			(2)			41.17
Nonvested at end of year			3,445			$	44.54

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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