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Document and Entity Information	3 Months Ended
Document and Entity Information	Apr. 29, 2017 shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 29, 2017
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Trading Symbol	TJX
Entity Registrant Name	TJX COMPANIES INC /DE/
Entity Central Index Key	0000109198
Current Fiscal Year End Date	--02-03
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	643,276,269

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Net sales	$ 7,784,024	$ 7,542,356
Cost of sales, including buying and occupancy costs	5,530,072	5,372,143
Selling, general and administrative expenses	1,411,603	1,335,050
Interest expense, net	9,841	10,194
Income before provision for income taxes	832,508	824,969
Provision for income taxes	296,229	316,623
Net income	$ 536,279	$ 508,346
Basic earnings per share:
Net income	$ 0.83	$ 0.77
Weighted average common shares - basic	644,425	661,515
Diluted earnings per share:
Net income	$ 0.82	$ 0.76
Weighted average common shares - diluted	654,799	670,388
Cash dividends declared per share	$ 0.3125	$ 0.2600

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Net income	$ 536,279	$ 508,346
Additions to other comprehensive income:
Foreign currency translation adjustments, net of related tax (benefit) provision	(5,247)	129,596
Reclassifications from other comprehensive income to net income:
Amortization of prior service cost and deferred gains/losses, net of related tax provisions	3,868	1,293
Amortization of loss on cash flow hedge, net of related tax provisions	171	171
Other comprehensive income (loss), net of tax	(1,208)	131,060
Total comprehensive income	$ 535,071	$ 639,406

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Foreign currency translation adjustments, related tax (benefit) provision	$ (20,543)	$ 51,247
Amortization of prior service cost and deferred gains/losses, related tax provisions	2,543	850
Amortization of loss on cash flow hedge, net of related tax provisions	$ 112	$ 112

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016
Current assets:
Cash and cash equivalents	$ 2,669,495	$ 2,929,849	$ 1,944,155
Short-term investments	457,091	543,242	403,702
Accounts receivable, net	317,224	258,831	281,631
Merchandise inventories	3,736,114	3,644,959	3,904,989
Prepaid expenses and other current assets	351,441	358,058	330,713
Federal, state, and foreign income taxes recoverable	17,135	15,835	12,511
Total current assets	7,548,500	7,750,774	6,877,701
Net property at cost	4,601,044	4,532,894	4,229,704
Non-current deferred income taxes, net	6,347	6,193	10,106
Goodwill	195,585	195,871	196,511
Other assets	412,005	398,076	390,700
TOTAL ASSETS	12,763,481	12,883,808	11,704,722
Current liabilities:
Accounts payable	2,174,727	2,230,904	2,136,751
Accrued expenses and other current liabilities	2,021,724	2,320,464	1,933,730
Federal, state and foreign income taxes payable	408,941	206,288	226,254
Total current liabilities	4,605,392	4,757,656	4,296,735
Other long-term liabilities	1,071,526	1,073,954	908,537
Non-current deferred income taxes, net	304,689	314,000	349,004
Long-term debt	2,228,351	2,227,599	1,615,477
Commitments and contingencies (See Note K)
SHAREHOLDERS' EQUITY
Preferred stock, authorized 5,000,000 shares, par value $1, no shares issued
Common stock, authorized 1,200,000,000 shares, par value $1, issued and outstanding 643,276,269; 646,319,046 and 661,083,496 respectively	643,276	646,319	661,083
Additional paid-in capital	0	0	0
Accumulated other comprehensive income (loss)	(695,434)	(694,226)	(536,412)
Retained earnings	4,605,681	4,558,506	4,410,298
Total shareholders' equity	4,553,523	4,510,599	4,534,969
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 12,763,481	$ 12,883,808	$ 11,704,722

Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, par value	$ 1	$ 1	$ 1
Preferred stock, shares issued	0	0	0
Common stock, shares authorized	1,200,000,000	1,200,000,000	1,200,000,000
Common stock, par value	$ 1	$ 1	$ 1
Common stock, shares issued	643,276,269	646,319,046	661,083,496
Common stock, shares outstanding	643,276,269	646,319,046	661,083,496

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Cash flows from operating activities:
Net income	$ 536,279	$ 508,346
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	172,485	157,014
Loss on property disposals and impairment charges	1,059	5,255
Deferred income tax provision (benefit)	8,250	16,112
Share-based compensation	24,051	24,959
Excess tax benefits from share-based compensation		(37,893)
Changes in assets and liabilities:
(Increase) in accounts receivable	(58,147)	(40,776)
(Increase) in merchandise inventories	(88,558)	(161,565)
(Increase) in taxes recoverable	(1,300)	(1,452)
Decrease in prepaid expenses and other current assets	20,587	32,927
(Decrease) in accounts payable	(56,968)	(96,434)
(Decrease) in accrued expenses and other liabilities	(307,228)	(142,269)
Increase in income taxes payable	202,811	134,276
Other	(4,887)	46,733
Net cash provided by operating activities	448,434	445,233
Cash flows from investing activities:
Property additions	(258,515)	(266,236)
Purchase of investments	(233,166)	(165,384)
Sales and maturities of investments	289,924	144,803
Other		(2,324)
Net cash (used in) investing activities	(201,757)	(289,141)
Cash flows from financing activities:
Cash payments for repurchase of common stock	(349,999)	(341,251)
Proceeds from issuance of common stock	52,033	63,933
Excess tax benefits from share-based compensation		37,893
Cash dividends paid	(168,566)	(140,067)
Other financing activities	(17,582)	(24,965)
Net cash (used in) financing activities	(484,114)	(404,457)
Effect of exchange rate changes on cash	(22,917)	97,047
Net (decrease) in cash and cash equivalents	(260,354)	(151,318)
Cash and cash equivalents at beginning of year	2,929,849	2,095,473
Cash and cash equivalents at end of period	$ 2,669,495	$ 1,944,155

Consolidated Statement of Shareholders' Equity - 3 months ended Apr. 29, 2017 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Beginning Balance (in shares) at Jan. 28, 2017	646,319,046	646,319,046
Beginning Balance at Jan. 28, 2017	$ 4,510,599	$ 646,319		$ (694,226)	$ 4,558,506
Net income	536,279				536,279
Other comprehensive income (loss), net of tax	(1,208)			(1,208)
Cash dividends declared on common stock	(201,407)				(201,407)
Recognition of share-based compensation	24,051		$ 24,051
Issuance of common stock under Stock Incentive Plan and related tax effect (in shares)		1,482,000
Issuance of common stock under Stock Incentive Plan and related tax effect	35,208	$ 1,482	33,726
Common stock repurchased and retired (in shares)		(4,525,000)
Common stock repurchased and retired	$ (349,999)	$ (4,525)	$ (57,777)		(287,697)
Ending balance (in shares) at Apr. 29, 2017	643,276,269	643,276,269
Ending balance at Apr. 29, 2017	$ 4,553,523	$ 643,276		$ (695,434)	$ 4,605,681

Summary of Significant Accounting Policies

3 Months Ended

Apr. 29, 2017

Summary of Significant Accounting Policies

Note A. Summary of Significant Accounting Policies

Basis of Presentation: The consolidated interim financial statements are unaudited and, in the opinion of management, reflect all normal recurring adjustments, accruals and deferrals among periods required to match costs properly with the related revenue or activity, considered necessary by The TJX Companies, Inc. (together with its subsidiaries, “TJX”) for a fair statement of its financial statements for the periods reported, all in conformity with accounting principles generally accepted in the United States of America (“GAAP”) consistently applied. The consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements, including the related notes, contained in TJX’s Annual Report on Form 10-K for the fiscal year ended January 28, 2017 (“fiscal 2017”).

These interim results are not necessarily indicative of results for the full fiscal year. TJX’s business, in common with the businesses of retailers generally, is subject to seasonal influences, with higher levels of sales and income generally realized in the second half of the year.

The January 28, 2017 balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP.

Fiscal Year: TJX’s fiscal year ends on the Saturday nearest to the last day of January of each year. The current fiscal year ends February 3, 2018 (“fiscal 2018”) and is a 53-week fiscal year. Fiscal 2017 was a 52-week fiscal year.

Share-Based Compensation: TJX accounts for share-based compensation by estimating the fair value of each award on the date of grant. TJX uses the Black-Scholes option pricing model for stock options awarded and uses the market price on the grant date for performance-based share awards. Total share-based compensation expense was $24.1 million for the quarter ended April 29, 2017 and $25.0 million for the quarter ended April 30, 2016. These amounts include stock option expense as well as performance-based stock amortization. There were options to purchase 1.6 million shares of common stock exercised during the quarter ended April 29, 2017. There were options outstanding to purchase 25.6 million shares of common stock as of April 29, 2017. As of April 29, 2017, there was $146.7 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under TJX’s stock incentive plan.

Cash and Cash Equivalents: TJX generally considers highly liquid investments with a maturity of 90 days or less at the date of purchase to be cash equivalents. As of April 29, 2017, TJX’s cash and cash equivalents held by its foreign subsidiaries were $1,233.4 million, of which $263.2 million was held in countries where TJX has the intention to reinvest any undistributed earnings indefinitely.

Merchandise Inventories: Inventories are stated at the lower of cost or market. TJX uses the retail method for valuing inventories at all of its businesses, except at Sierra Trading Post (“STP”) and T.K. Maxx in Australia. The businesses that utilize the retail method have some inventory that is initially valued at cost before the retail method is applied as it has not been fully processed for sale (e.g. inventory in transit and unprocessed inventory in our distribution centers). Under the retail method, TJX utilizes a permanent markdown strategy and lowers the cost value of the inventory that is subject to markdown at the time the retail prices are lowered in the stores. TJX accrues for inventory obligations at the time title transfers, which is typically at the time when inventory is shipped. As a result, merchandise inventories on TJX’s balance sheet include an accrual for in-transit inventory of $501.5 million at April 29, 2017, $641.9 million at January 28, 2017 and $544.0 million at April 30, 2016. Comparable amounts were reflected in accounts payable at those dates.

Recently Issued Accounting Standards: In May 2014, a pronouncement was issued that creates common revenue recognition guidance for GAAP. The new guidance supersedes most preexisting revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new standard was originally scheduled to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. In April 2015, the Financial Accounting Standards Board proposed an update to this rule which deferred its effective date for one year. The new standard will be effective for annual reporting periods beginning after December 15, 2017, and interim periods therein, with an option to adopt the standard early. The standard shall be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. For TJX, the standard will be effective in the first quarter of the fiscal year ending January 26, 2019. We believe that there will be no change in the timing or amount of revenue recognized under the new standard as it relates to revenue from point of sale at the registers in our stores, which constitutes more than 95% of the Company’s revenue. We continue to evaluate other revenue streams such as e-commerce sales and shipping revenue, and there may be a slight change in the timing of when such revenue is recognized. The new standard will require a change in the presentation of our sales return reserve on the balance sheet, which we record net. The new standard will require the reserve to be established at the gross sales value with an asset established for the value of the merchandise returned. We do not expect this change to have material impact on our financial condition or results of operations.

In February 2016, a pronouncement was issued that aims to increase transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. The new standard is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods; early adoption is permitted and modified retrospective application is required. The Company expects this standard to have a material impact on its statement of financial condition as it will record a significant asset and liability associated with its more than 3,800 leased locations. We cannot assess the income statement impact at this time as we need to assess if the initial lease term will differ under the new standard versus current accounting practice. If the lease term remains unchanged the income statement impact of the new standard is not expected to be material. The Company is in the process of evaluating its lease portfolio and identifying what additional data will be needed to comply with the new standard. We are also evaluating available software options and system support that will be required to implement the new accounting process. We do not currently plan to adopt early.

In August 2016, a pronouncement was issued that addresses diversity in how certain cash receipts and cash payments are presented in the statement of cash flows. The new guidance provides clarity around the cash flow classification for eight specific issues in an effort to reduce the current and potential future diversity in practice. The standard, which is to be applied retrospectively, will be effective for the first interim period within annual reporting periods beginning after December 15, 2017, and early adoption is permitted. TJX does not expect this standard to have a material impact on our consolidated financial statements.

In January 2017, a pronouncement was issued that aims to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the new guidance, goodwill impairment will be measured as the amount by which the carrying value exceeds the fair value. The loss recognized should not exceed the total amount of goodwill allocated to the reporting unit. The new guidance will be effective for annual reporting periods beginning after December 15, 2019, including interim periods. Early adoption is permitted for annual or interim goodwill impairment tests performed on testing dates after January 1, 2017. TJX does not expect the adoption of this standard to have a material impact on our consolidated financial statements.

In March 2017, a pronouncement was issued that requires an employer report the service cost component of net periodic pension and net periodic post retirement cost in the same line item as other compensation costs arising from services rendered by the employees during the period. It also requires the other components of net periodic pension and net periodic postretirement benefit cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. Additionally, only the service cost component is eligible for capitalization. This pronouncement is effective for annual periods beginning after December 15, 2017, and interim periods during those fiscal years. Early adoption is permitted as of the beginning of an annual period for which financial statements have not been issued or made available for issuance. We are evaluating the presentation of the other components of net benefit cost.

Recently Adopted Accounting Standards: In the first quarter of 2017, TJX adopted a pronouncement that aims to simplify several aspects of accounting and reporting for share-based payment transactions. One provision within this pronouncement requires that excess income tax benefits and tax deficiencies related to share-based payments be recognized within income tax expense in the statement of income, rather than within additional paid-in capital on the balance sheet. The adoption of this provision is to be applied prospectively. The impact to TJX’s results of operations related to this provision in the first quarter of 2017 was a decrease in the provision for income taxes of $24.6 million. The impact of this benefit on TJX’s future results of operations will depend in part on the market prices for TJX’s shares on the dates there are taxable events related to share awards, and therefore the impact is difficult to predict. This change and the remaining provisions within the pronouncement did not have a material impact on our consolidated financial statements.

Property at Cost

3 Months Ended

Apr. 29, 2017

Property at Cost

Note B. Property at Cost

Presented below are the components of property at cost as of April 29, 2017, January 28, 2017 and April 30, 2016:


In thousands	April 29, 2017		January 28, 2017		April 30, 2016
Land and buildings	$	1,255,710	$	1,247,585	$	1,048,931
Leasehold costs and improvements		2,962,697		2,884,054		2,845,839
Furniture, fixtures and equipment		5,019,753		4,871,764		4,564,207

Total property at cost	$	9,238,160	$	9,003,403	$	8,458,977
Less accumulated depreciation and amortization		4,637,116		4,470,509		4,229,273

Net property at cost	$	4,601,044	$	4,532,894	$	4,229,704

Depreciation expense was $172.6 million for the three months ended April 29, 2017 and $160.0 million for the three months ended April 30, 2016. Depreciation expense was $658.8 million for the twelve months ended January 28, 2017.

During fiscal 2017 the Company identified fully depreciated assets that were no longer in use and should have been written off during fiscal 2017 or prior periods. The April 30, 2016 property at cost and accumulated depreciation was reduced by $840 million. There was no impact to net property at cost. This error was not material to our consolidated financial statements, however we have corrected amounts for the quarter ended April 30, 2016 to reflect the write-off that should have been recorded at that time.

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Apr. 29, 2017

Accumulated Other Comprehensive Income (Loss)

Note C. Accumulated Other Comprehensive Income (Loss)

Amounts included in accumulated other comprehensive income (loss) are recorded net of the related income tax effects. The following table details the changes in accumulated other comprehensive income (loss) for the related periods:


In thousands	Foreign Currency Translation			Deferred Benefit Costs			Cash Flow Hedge on Debt			Accumulated Other Comprehensive Income (Loss)
Balance, January 28, 2017	$	(491,803	)	$	(199,481	)	$	(2,942	)	$	(694,226	)
Additions to other comprehensive income:
Foreign currency translation adjustments (net of taxes of $20,543)		(5,247	)		—			—			(5,247	)
Reclassifications from other comprehensive income to net income:
Amortization of prior service cost and deferred gains/losses (net of taxes of $2,543)		—			3,868			—			3,868
Amortization of loss on cash flow hedge (net of taxes of $112)		—			—			171			171

Balance, April 29, 2017	$	(497,050	)	$	(195,613	)	$	(2,771	)	$	(695,434	)

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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+ Details

Capital Stock and Earnings per Share

3 Months Ended

Apr. 29, 2017

Capital Stock and Earnings per Share

Note D. Capital Stock and Earnings per Share

Capital Stock: TJX repurchased and retired 4.5 million shares of its common stock at a cost of $350.0 million during the quarter ended April 29, 2017, on a “trade date” basis. TJX reflects stock repurchases in its financial statements on a “settlement date” or cash basis. TJX had cash expenditures under repurchase programs of $350.0 million for the three months ended April 29, 2017 and $341.3 million for the three months ended April 30, 2016.

In February 2016, TJX announced that its Board of Directors had approved a stock repurchase program that authorized the repurchase of up to an additional $2.0 billion of TJX common stock from time to time. Under this program, on a “trade date” basis through April 29, 2017, TJX repurchased 7.3 million shares of common stock at a cost of $559.2 million. At April 29, 2017, $1.4 billion remained available for purchase under this program.

In February 2017, TJX announced that its Board of Directors had approved an additional stock repurchase program that authorized the repurchase of up to $1.0 billion of TJX common stock from time to time, all of which remained available at April 29, 2017.

All shares repurchased under the stock repurchase programs have been retired.

Earnings per share: The following schedule presents the calculation of basic and diluted earnings per share (“EPS”) for net income:


	Thirteen Weeks Ended
	April 29,		April 30,
In thousands, except per share data	2017		2016
Basic earnings per share
Net income	$	536,279	$	508,346
Weighted average common shares outstanding for basic EPS		644,425		661,515

Basic earnings per share	$	0.83	$	0.77

Diluted earnings per share
Net income	$	536,279	$	508,346

Shares for basic and diluted earnings per share calculations:
Weighted average common shares outstanding for basic EPS		644,425		661,515
Assumed exercise/vesting of:
Stock options and awards		10,374		8,873

Weighted average common shares outstanding for diluted EPS		654,799		670,388

Diluted earnings per share	$	0.82	$	0.76

The weighted average common shares for the diluted earnings per share calculation exclude the impact of outstanding stock options if the assumed proceeds per share of the option is in excess of the related fiscal period’s average price of TJX’s common stock. Such options are excluded because they would have an antidilutive effect. There were 8.0 million such options excluded for the thirteen weeks ended April 29, 2017. There were 4.1 million such options excluded for the thirteen weeks ended April 30, 2016.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Financial Instruments

3 Months Ended

Apr. 29, 2017

Financial Instruments

Note E. Financial Instruments

As a result of its operating and financing activities, TJX is exposed to market risks from changes in interest and foreign currency exchange rates and fuel costs. These market risks may adversely affect TJX’s operating results and financial position. When and to the extent deemed appropriate, TJX seeks to minimize risk from changes in interest and foreign currency exchange rates and fuel costs through the use of derivative financial instruments. TJX does not use derivative financial instruments for trading or other speculative purposes and does not use any leveraged derivative financial instruments. TJX recognizes all derivative instruments as either assets or liabilities in the statements of financial position and measures those instruments at fair value. The fair values of the derivatives are classified as assets or liabilities, current or non-current, based upon valuation results and settlement dates of the individual contracts. Changes to the fair value of derivative contracts that do not qualify for hedge accounting are reported in earnings in the period of the change. For derivatives that qualify for hedge accounting, changes in the fair value of the derivatives are either recorded in shareholders’ equity as a component of other comprehensive income or are recognized currently in earnings, along with an offsetting adjustment against the basis of the item being hedged. TJX does not hedge its net investments in foreign subsidiaries.

Diesel Fuel Contracts: When and to the extent deemed appropriate, TJX hedges portions of its estimated notional diesel requirements based on the diesel fuel expected to be consumed by independent freight carriers transporting TJX’s inventory. Independent freight carriers transporting TJX’s inventory charge TJX a mileage surcharge based on the price of diesel fuel. The hedge agreements are designed to mitigate the volatility of diesel fuel pricing (and the resulting per mile surcharges payable by TJX) by setting a fixed price per gallon for the period being hedged. During fiscal 2017 and the first three months of fiscal 2018, TJX entered into agreements to hedge a portion of its estimated notional diesel requirements for fiscal 2018. In addition, during fiscal 2018, TJX entered into agreements to hedge a portion of its estimated notional diesel requirements for the first three months of fiscal 2019. The hedge agreements outstanding at April 29, 2017 relate to approximately 53% of TJX’s estimated notional diesel requirements for the remainder of fiscal 2018 and approximately 50% of TJX’s estimated notional diesel requirements for the first three months of fiscal 2019. These diesel fuel hedge agreements will settle throughout the remainder of fiscal 2018 and the first three months of fiscal 2019. TJX elected not to apply hedge accounting rules to these contracts.

Foreign Currency Contracts: When and to the extent deemed appropriate, TJX enters into forward foreign currency exchange contracts to obtain economic hedges on portions of merchandise purchases made and anticipated to be made by the Company’s operations at TJX International (United Kingdom, Ireland, Germany, Poland, Austria, The Netherlands and Australia), TJX Canada (Canada), Marmaxx (U.S.) and HomeGoods (U.S.) in currencies other than their respective functional currencies. These contracts typically have a term of twelve months or less. The contracts outstanding at April 29, 2017 cover a portion of such actual and anticipated merchandise purchases throughout the remainder of fiscal 2018. Additionally, TJX’s operations in Europe are subject to foreign currency exposure as a result of their buying function being centralized in the United Kingdom. All merchandise is purchased centrally in the U.K. and then shipped and billed to the retail entities in other countries. This intercompany billing to TJX’s European businesses’ Euro denominated operations creates exposure to the buying entity for changes in the exchange rate between the Euro and British Pound. The inflow of Euros to the central buying entity provides a natural hedge for merchandise purchased from third-party vendors that is denominated in Euros. However, with the growth of TJX’s Euro denominated retail operations, the intercompany billings committed to the Euro denominated operations is generating Euros in excess of those needed to meet merchandise commitments to outside vendors. TJX calculates this excess Euro exposure each month and enters into forward contracts of approximately 30 days duration to mitigate the exposure. TJX elected not to apply hedge accounting rules to these contracts.

When and to the extent deemed appropriate, TJX also enters into derivative contracts, generally designated as fair value hedges, to hedge intercompany debt and intercompany interest payable. The changes in fair value of these contracts are recorded in selling, general and administrative expenses and are offset by marking the underlying item to fair value in the same period. Upon settlement, the realized gains and losses on these contracts are offset by the realized gains and losses of the underlying item in selling, general and administrative expenses.

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at April 29, 2017:


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 April 29, 2017
Fair value hedges:
Intercompany balances, primarily debt and related interest
	zł 67,000	£	13,000		0.1940		(Accrued Exp)		—		(292	)		(292	)
	€ 66,000	£	57,048		0.8644		Prepaid Exp		1,565		—			1,565
	U.S.$ 68,445	£	55,000		0.8036		Prepaid Exp		3,319		—			3,319
	A$ 10,000	$	5,799		0.5799		Prepaid Exp		60		—			60
Economic hedges for which hedge accounting was not elected:
Diesel contracts	Fixed on 2.1M – 2.5M gal per month		Float on 2.1M – 2.5M gal per month		N/A		(Accrued Exp)		—		(1,585	)		(1,585	)
Intercompany billings in Europe, primarily merchandise related	€ 85,000	£	72,765		0.8561		Prepaid Exp		1,546		—			1,546
Merchandise purchase commitments
	C$ 521,997	U.S.$	394,800		0.7563		Prepaid Exp		11,755		—			11,755
	C$ 24,743	€	17,500		0.7073		Prepaid Exp		953		—			953
	£ 209,383	U.S.$	263,000		1.2561		(Accrued Exp)		—		(8,919	)		(8,919	)
	A$ 17,940	U.S.$	13,573		0.7566		Prepaid Exp / (Accrued Exp)		162		(19	)		143
	zł 269,048	£	52,774		0.1962		Prepaid Exp / (Accrued Exp)		411		(1,243	)		(832	)
	U.S.$ 36,314	€	33,862		0.9325		Prepaid Exp		683		—			683

Total fair value of financial instruments								$	20,454	$	(12,058	)	$	8,396

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at April 30, 2016:


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 April 30, 2016
Fair value hedges:
Intercompany balances, primarily debt and related interest
	zł 87,073	C$	29,950		0.3440		Prepaid Exp	$	1,085	$	—		$	1,085
	zł 45,000	£	7,403		0.1645		(Accrued Exp)		—		(933	)		(933	)
	€ 53,000	£	40,820		0.7702		(Accrued Exp)		—		(1,637	)		(1,637	)
	U.S.$ 77,957	£	55,000		0.7055		Prepaid Exp		2,523		—			2,523
Economic hedges for which hedge accounting was not elected:
Diesel contracts	Fixed on 1.9M – 2.2M gal per month		Float on 1.9M – 2.2M gal per month		N/A		(Accrued Exp)		—		(4,875	)		(4,875	)
Intercompany billings in Europe, primarily merchandise related	€ 85,000	£	67,798		0.7976		Prepaid Exp		1,538		—			1,538
Merchandise purchase commitments
	C$ 492,465	U.S.$	362,900		0.7369		(Accrued Exp)		—		(29,356	)		(29,356	)
	C$ 20,941	€	14,000		0.6685		(Accrued Exp)		—		(639	)		(639	)
	£ 146,518	U.S.$	212,550		1.4507		Prepaid Exp / (Accrued Exp)		2,027		(3,635	)		(1,608	)
	zł 216,245	£	38,136		0.1764		Prepaid Exp / (Accrued Exp)		293		(1,133	)		(840	)
	U.S.$ 38,434	€	34,051		0.8860		Prepaid Exp		634		—			634

Total fair value of financial instruments								$	8,100	$	(42,208	)	$	(34,108	)

Presented below is the impact of derivative financial instruments on the 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
In thousands	Location of Gain (Loss) Recognized in Income by Derivative	April 29, 2017			April 30, 2016
Fair value hedges:
Intercompany balances, primarily debt and related interest	Selling, general and administrative expenses	$	3,225		$	877
Economic hedges for which hedge accounting was not elected:
Diesel fuel contracts	Cost of sales, including buying and occupancy costs		(3,323	)		2,287
Intercompany billings in Europe, primarily merchandise related	Cost of sales, including buying and occupancy costs		1,601			(2,108	)
Merchandise purchase commitments	Cost of sales, including buying and occupancy costs		9,933			(44,988	)

Gain / (loss) recognized in income		$	11,436		$	(43,932	)

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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+ Details

Disclosures about Fair Value of Financial Instruments

3 Months Ended

Apr. 29, 2017

Disclosures about Fair Value of Financial Instruments

Note F. Disclosures about Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date or “exit price.” The inputs used to measure fair value are generally classified into the following hierarchy:


Level 1:		Unadjusted quoted prices in active markets for identical assets or liabilities

Level 2:		Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability

Level 3:		Unobservable inputs for the asset or liability

The following table sets forth TJX’s financial assets and liabilities that are accounted for at fair value on a recurring basis:


In thousands	April 29, 2017		January 28, 2017		April 30, 2016
Level 1
Assets:
Executive Savings Plan investments	$	213,260	$	195,733	$	173,523

Level 2
Assets:
Short-term investments	$	457,091	$	543,242	$	403,702
Foreign currency exchange contracts		20,454		6,018		8,100
Diesel fuel contracts		—		2,183		—

Liabilities:
Foreign currency exchange contracts	$	10,473	$	7,256	$	37,333
Diesel fuel contracts		1,585		—		4,875

Investments designed to meet obligations under the Executive Savings Plan are invested in registered investment companies traded in active markets and are recorded at unadjusted quoted prices.

Short-term investments, foreign currency exchange contracts and diesel fuel contracts are valued using broker quotations which include observable market information. TJX’s investments are primarily high-grade commercial paper, institutional money market funds and time deposits with major banks. TJX does not make adjustments to quotes or prices obtained from brokers or pricing services but does assess the credit risk of counterparties and will adjust final valuations when appropriate. Where independent pricing services provide fair values, TJX obtains an understanding of the methods used in pricing. As such, these instruments are classified within Level 2.

The fair value of TJX’s general corporate debt was estimated by obtaining market quotes given the trading levels of other bonds of the same general issuer type and market perceived credit quality. These inputs are considered to be Level 2. The fair value of long-term debt as of April 29, 2017 was $2.20 billion compared to a carrying value of $2.23 billion. The fair value of long-term debt as of January 28, 2017 was $2.17 billion compared to a carrying value of $2.23 billion. The fair value of long-term debt as of April 30, 2016 was $1.72 billion compared to a carrying value of $1.62 billion. These estimates do not necessarily reflect provisions or restrictions in the various debt agreements that might affect TJX’s ability to settle these obligations.

TJX’s cash equivalents are stated at cost, which approximates fair value due to the short maturities of these instruments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Segment Information

3 Months Ended

Apr. 29, 2017

Segment Information

Note G. Segment Information

TJX operates four main business segments. The Marmaxx segment (T.J. Maxx, Marshalls and tjmaxx.com) and the HomeGoods segment both operate in the United States, the TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX International segment operates T.K. Maxx, HomeSense and tkmaxx.com in Europe and T.K. Maxx in Australia. TJX also operates Sierra Trading Post (STP), an off-price Internet retailer that operates sierratradingpost.com and a small number of stores in the U.S. The results of STP are included in the Marmaxx segment.

All of TJX’s stores, with the exception of HomeGoods and HomeSense, sell family apparel and home fashions. HomeGoods and HomeSense offer home fashions.

TJX evaluates the performance of its segments based on “segment profit or loss,” which it defines as pre-tax income or loss before general corporate expense and interest expense, net. “Segment profit or loss,” as defined by TJX, may not be comparable to similarly titled measures used by other entities. The terms “segment margin” or “segment profit margin” are used to describe segment profit or loss as a percentage of net sales. These measures of performance should not be considered alternatives to net income or cash flows from operating activities as an indicator of TJX’s performance or as a measure of liquidity.

Presented below is financial information with respect to TJX’s business segments:


	Thirteen Weeks Ended
In thousands	April 29, 2017		April 30, 2016
Net sales:
In the United States:
Marmaxx	$	4,967,135	$	4,865,375
HomeGoods		1,121,269		1,010,436
TJX Canada		738,771		685,577
TJX International		956,849		980,968

	$	7,784,024	$	7,542,356

Segment profit:
In the United States:
Marmaxx	$	687,165	$	708,857
HomeGoods		152,092		138,210
TJX Canada		102,880		57,472
TJX International		6,860		14,347

		948,997		918,886

General corporate expense		106,648		83,723
Interest expense, net		9,841		10,194

Income before provision for income taxes	$	832,508	$	824,969

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

Pension Plans and Other Retirement Benefits

3 Months Ended

Apr. 29, 2017

Pension Plans and Other Retirement Benefits

Note H. 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	April 29, 2017			April 30, 2016			April 29, 2017		April 30, 2016
Service cost	$	11,805		$	11,209		$	588	$	541
Interest cost		13,759			14,362			843		875
Expected return on plan assets		(17,382	)		(17,935	)		—		—
Recognized actuarial losses		5,580			7,209			831		865

Total expense	$	13,762		$	14,845		$	2,262	$	2,281

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 sufficient to avoid restrictions with respect to the funding of TJX’s nonqualified plans under the Internal Revenue Code. TJX does not anticipate any required funding in fiscal 2018 for the funded plan. TJX anticipates making payments of $4.1 million to provide current benefits coming due under the unfunded plan in fiscal 2018.

The amounts included in recognized actuarial losses in the table above have been reclassified in their entirety from other comprehensive income to the statements of income, net of related tax effects, for the periods presented.

TJX also had maintained an unfunded postretirement medical plan which was closed to new benefits in fiscal 2006. During the first quarter of fiscal 2017, TJX terminated the unfunded postretirement medical plan and made a discretionary lump sum payment to participants. The settlement of the liability and the recognition of the remaining negative plan amendment resulted in a pre-tax benefit of $5.5 million in the first quarter of fiscal 2017.

Long-Term Debt and Credit Lines

3 Months Ended

Apr. 29, 2017

Long-Term Debt and Credit Lines

Note I. Long-Term Debt and Credit Lines

The table below presents long-term debt, exclusive of current installments, as of April 29, 2017, January 28, 2017 and April 30, 2016. All amounts are net of unamortized debt discounts.


In thousands	April 29, 2017			January 28, 2017			April 30, 2016
General corporate debt:
6.95% senior unsecured notes, redeemed on October 12, 2016 (effective interest rate of 6.98% after reduction of unamortized debt discount of $205 at April 30, 2016)	$	—		$	—		$	374,795
2.50% senior unsecured notes, maturing May 15, 2023 (effective interest rate of 2.51% after reduction of unamortized debt discount of $267 at April 29, 2017, $278 at January 28, 2017 and $312 at April 30, 2016)		499,733			499,722			499,688
2.75% senior unsecured notes, maturing June 15, 2021 (effective interest rate of 2.76% after reduction of unamortized debt discount of $306 at April 29, 2017, $325 at January 28, 2017 and $381 at April 30, 2016)		749,694			749,675			749,619
2.25% senior unsecured notes, maturing September 15, 2026 (effective interest rate of 2.32% after reduction of unamortized debt discount of $6,963 at April 29, 2017 and $7,149 at January 28, 2017)		993,037			992,851			—
Debt issuance cost		(14,113	)		(14,649	)		(8,625	)

Long-term debt	$	2,228,351		$	2,227,599		$	1,615,477

On September 12, 2016, TJX issued $1.0 billion aggregate principal amount of 2.25% ten-year notes due September 2026 all of which was outstanding at April 29, 2017. TJX entered into a rate-lock agreement to hedge $700 million of the 2.25% notes. The cost of these agreements are being amortized to interest expense over the term of the notes resulting in an effective fixed rate of 2.36%.

At April 29, 2017, TJX also had outstanding $500 million aggregate principal amount of 2.50% ten-year notes due May 2023 and $750 million aggregate principal amount of 2.75% seven-year notes, due June 2021. TJX entered into rate-lock agreements to hedge the underlying treasury rate of $250 million of the 2.50% notes. The costs of these agreements are being amortized to interest expense over the term of the respective notes, resulting in an effective fixed interest rate of 2.57% for the 2.50% notes. TJX also entered into rate-lock agreements to hedge the underlying treasury rate of all of the 2.75% notes prior to their issuance. The agreements were accounted for as cash flow hedges and the pre-tax realized loss of $7.9 million was recorded as a component of other comprehensive income and is being amortized to interest expense over the term of the notes, resulting in an effective fixed interest rate of 2.91%.

At April 29, 2017 TJX had two $500 million revolving credit facilities, one which matures in March 2020 and one which matures in March 2022. At April 29, 2017, the agreements require quarterly payments of 6.0 basis points per annum on the committed amounts for both agreements. This rate is based on the credit ratings of TJX’s long-term debt and would vary with specified changes in the credit ratings. These agreements had no compensating balance requirements and had various covenants. Each of these facilities required TJX to maintain a ratio of funded debt and four-times consolidated rentals to consolidated earnings before interest, taxes, depreciation and amortization, and consolidated rentals (“EBITDAR”) of not more than 2.75 to 1.00 on a rolling four-quarter basis. TJX was in compliance with all covenants related to its credit facilities at April 29, 2017, January 28, 2017 and April 30, 2016. As of April 29, 2017, January 28, 2017 and April 30, 2016, and during the quarters and year then ended, there were no amounts outstanding under any of these facilities.

As of April 29, 2017, January 28, 2017 and April 30, 2016, TJX Canada had two uncommitted credit lines, a C$10 million facility for operating expenses and a C$10 million letter of credit facility. As of April 29, 2017, January 28, 2017 and April 30, 2016, there were no amounts outstanding on the Canadian credit line for operating expenses. As of April 29, 2017, January 28, 2017, and April 30, 2016, our European business at TJX International had an uncommitted credit line of £5 million. As of April 29, 2017, January 28, 2017, and April 30, 2016, and during the quarters and year then ended, there were no amounts outstanding on the European credit line.

Income Taxes

3 Months Ended

Apr. 29, 2017

Income Taxes

Note J. Income Taxes

The effective income tax rate was 35.6% for the fiscal 2018 first quarter and 38.4% for the fiscal 2017 first quarter. The decrease in the effective income tax rate was primarily due to excess income tax benefits related to share-based payments, partially offset by the jurisdictional mix of income and the increase in valuation allowance on foreign net operating losses.

TJX had net unrecognized tax benefits of $39.0 million as of April 29, 2017, $38.5 million as of January 28, 2017 and $35.3 million as of April 30, 2016.

TJX is subject to U.S. federal income tax as well as income tax in multiple state, local and foreign jurisdictions. In the U.S., fiscal years through 2010 are no longer subject to examination. In Canada, fiscal years through 2008 are no longer subject to examination. In all other jurisdictions, fiscal years through 2009 are no longer subject to examination.

TJX’s accounting policy classifies interest and penalties related to income tax matters as part of income tax expense. The total accrued amount on the balance sheets for interest and penalties was $8.0 million as of April 29, 2017, $8.0 million as of January 28, 2017 and $7.4 million as of April 30, 2016.

Based on the outcome of tax examinations or judicial or administrative proceedings, or as a result of the expiration of statute of limitations in specific jurisdictions, it is reasonably possible that unrecognized tax benefits for certain tax positions taken on previously filed tax returns may change materially from those presented in the financial statements. During the next 12 months, it is reasonably possible that tax examinations of prior years’ tax returns or judicial or administrative proceedings that reflect such positions taken by TJX may be finalized. As a result, the total net amount of unrecognized tax benefits may decrease, which would reduce the provision for taxes on earnings, by a range of zero to $13 million.

Contingent Obligations and Contingencies

3 Months Ended

Apr. 29, 2017

Contingent Obligations and Contingencies

Note K. Contingent Obligations and Contingencies

Contingent Obligations: TJX has contingent obligations on leases, for which it was a lessee or guarantor, which were assigned to third parties without TJX being released by the landlords. Over many years, TJX has assigned numerous leases that it had originally leased or guaranteed to a significant number of third parties. With the exception of leases of former businesses for which TJX has reserved, the Company has rarely had a claim with respect to assigned leases, and accordingly, the Company does not expect that such leases will have a material adverse impact on its financial condition, results of operations or cash flows. TJX does not generally have sufficient information about these leases to estimate our potential contingent obligations under them, which could be triggered in the event that one or more of the current tenants does not fulfill their obligations related to one or more of these leases.

TJX may also be contingently liable on up to nine leases of former TJX businesses, for which we believe the likelihood of future liability to TJX is remote, and has contingent obligations in connection with certain assigned or sublet properties that TJX is able to estimate. We estimate that the undiscounted obligations of (i) leases of former operations not included in our reserve for former operations and (ii) properties of our former operations if the subtenants do not fulfill their obligations, are approximately $53.6 million as of April 29, 2017. We believe that most or all of these contingent obligations will not revert to us and, to the extent they do, will be resolved for substantially less due to mitigating factors including our expectation to further sublet.

TJX is a party to various agreements under which it may be obligated to indemnify the other party with respect to certain losses related to matters such as title to assets sold, specified environmental matters or certain income taxes. These obligations are often limited in time and amount. There are no amounts reflected in our balance sheets with respect to these contingent obligations.

Contingencies: TJX is subject to certain legal proceedings, lawsuits, disputes and claims that arise from time to time in the ordinary course of our business. In addition, TJX is a defendant in several lawsuits filed in federal and state courts brought as putative class or collective actions on behalf of various groups of current and former salaried and hourly associates in the U.S. The lawsuits allege violations of the Fair Labor Standards Act and of state wage and hour and other labor statutes, including alleged misclassification of positions as exempt from overtime, alleged entitlement to additional wages for alleged off-the-clock work by hourly employees and alleged failure to pay all wages due upon termination. TJX is also a defendant in lawsuits filed in federal courts brought as putative class actions on behalf of customers relating to TJX’s compare at pricing. The lawsuits are in various procedural stages and seek unspecified monetary damages, injunctive relief and attorneys’ fees. In connection with ongoing litigation, an immaterial amount has been accrued in the accompanying financial statements.

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Apr. 29, 2017
Basis of Presentation	Basis of Presentation: The consolidated interim financial statements are unaudited and, in the opinion of management, reflect all normal recurring adjustments, accruals and deferrals among periods required to match costs properly with the related revenue or activity, considered necessary by The TJX Companies, Inc. (together with its subsidiaries, “TJX”) for a fair statement of its financial statements for the periods reported, all in conformity with accounting principles generally accepted in the United States of America (“GAAP”) consistently applied. The consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements, including the related notes, contained in TJX’s Annual Report on Form 10-K for the fiscal year ended January 28, 2017 (“fiscal 2017”). These interim results are not necessarily indicative of results for the full fiscal year. TJX’s business, in common with the businesses of retailers generally, is subject to seasonal influences, with higher levels of sales and income generally realized in the second half of the year. The January 28, 2017 balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP.
Fiscal Year	Fiscal Year: TJX’s fiscal year ends on the Saturday nearest to the last day of January of each year. The current fiscal year ends February 3, 2018 (“fiscal 2018”) and is a 53-week fiscal year. Fiscal 2017 was a 52-week fiscal year.
Share-Based Compensation	Share-Based Compensation: TJX accounts for share-based compensation by estimating the fair value of each award on the date of grant. TJX uses the Black-Scholes option pricing model for stock options awarded and uses the market price on the grant date for performance-based share awards. Total share-based compensation expense was $24.1 million for the quarter ended April 29, 2017 and $25.0 million for the quarter ended April 30, 2016. These amounts include stock option expense as well as performance-based stock amortization. There were options to purchase 1.6 million shares of common stock exercised during the quarter ended April 29, 2017. There were options outstanding to purchase 25.6 million shares of common stock as of April 29, 2017. As of April 29, 2017, there was $146.7 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under TJX’s stock incentive plan.
Cash and Cash Equivalents	Cash and Cash Equivalents: TJX generally considers highly liquid investments with a maturity of 90 days or less at the date of purchase to be cash equivalents. As of April 29, 2017, TJX’s cash and cash equivalents held by its foreign subsidiaries were $1,233.4 million, of which $263.2 million was held in countries where TJX has the intention to reinvest any undistributed earnings indefinitely.
Merchandise Inventories	Merchandise Inventories: Inventories are stated at the lower of cost or market. TJX uses the retail method for valuing inventories at all of its businesses, except at Sierra Trading Post (“STP”) and T.K. Maxx in Australia. The businesses that utilize the retail method have some inventory that is initially valued at cost before the retail method is applied as it has not been fully processed for sale (e.g. inventory in transit and unprocessed inventory in our distribution centers). Under the retail method, TJX utilizes a permanent markdown strategy and lowers the cost value of the inventory that is subject to markdown at the time the retail prices are lowered in the stores. TJX accrues for inventory obligations at the time title transfers, which is typically at the time when inventory is shipped. As a result, merchandise inventories on TJX’s balance sheet include an accrual for in-transit inventory of $501.5 million at April 29, 2017, $641.9 million at January 28, 2017 and $544.0 million at April 30, 2016. Comparable amounts were reflected in accounts payable at those dates.
Recently Issued and Adopted Accounting Standards	Recently Issued Accounting Standards: In May 2014, a pronouncement was issued that creates common revenue recognition guidance for GAAP. The new guidance supersedes most preexisting revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new standard was originally scheduled to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. In April 2015, the Financial Accounting Standards Board proposed an update to this rule which deferred its effective date for one year. The new standard will be effective for annual reporting periods beginning after December 15, 2017, and interim periods therein, with an option to adopt the standard early. The standard shall be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. For TJX, the standard will be effective in the first quarter of the fiscal year ending January 26, 2019. We believe that there will be no change in the timing or amount of revenue recognized under the new standard as it relates to revenue from point of sale at the registers in our stores, which constitutes more than 95% of the Company’s revenue. We continue to evaluate other revenue streams such as e-commerce sales and shipping revenue, and there may be a slight change in the timing of when such revenue is recognized. The new standard will require a change in the presentation of our sales return reserve on the balance sheet, which we record net. The new standard will require the reserve to be established at the gross sales value with an asset established for the value of the merchandise returned. We do not expect this change to have material impact on our financial condition or results of operations. In February 2016, a pronouncement was issued that aims to increase transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. The new standard is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods; early adoption is permitted and modified retrospective application is required. The Company expects this standard to have a material impact on its statement of financial condition as it will record a significant asset and liability associated with its more than 3,800 leased locations. We cannot assess the income statement impact at this time as we need to assess if the initial lease term will differ under the new standard versus current accounting practice. If the lease term remains unchanged the income statement impact of the new standard is not expected to be material. The Company is in the process of evaluating its lease portfolio and identifying what additional data will be needed to comply with the new standard. We are also evaluating available software options and system support that will be required to implement the new accounting process. We do not currently plan to adopt early. In August 2016, a pronouncement was issued that addresses diversity in how certain cash receipts and cash payments are presented in the statement of cash flows. The new guidance provides clarity around the cash flow classification for eight specific issues in an effort to reduce the current and potential future diversity in practice. The standard, which is to be applied retrospectively, will be effective for the first interim period within annual reporting periods beginning after December 15, 2017, and early adoption is permitted. TJX does not expect this standard to have a material impact on our consolidated financial statements. In January 2017, a pronouncement was issued that aims to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the new guidance, goodwill impairment will be measured as the amount by which the carrying value exceeds the fair value. The loss recognized should not exceed the total amount of goodwill allocated to the reporting unit. The new guidance will be effective for annual reporting periods beginning after December 15, 2019, including interim periods. Early adoption is permitted for annual or interim goodwill impairment tests performed on testing dates after January 1, 2017. TJX does not expect the adoption of this standard to have a material impact on our consolidated financial statements. In March 2017, a pronouncement was issued that requires an employer report the service cost component of net periodic pension and net periodic post retirement cost in the same line item as other compensation costs arising from services rendered by the employees during the period. It also requires the other components of net periodic pension and net periodic postretirement benefit cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. Additionally, only the service cost component is eligible for capitalization. This pronouncement is effective for annual periods beginning after December 15, 2017, and interim periods during those fiscal years. Early adoption is permitted as of the beginning of an annual period for which financial statements have not been issued or made available for issuance. We are evaluating the presentation of the other components of net benefit cost. Recently Adopted Accounting Standards: In the first quarter of 2017, TJX adopted a pronouncement that aims to simplify several aspects of accounting and reporting for share-based payment transactions. One provision within this pronouncement requires that excess income tax benefits and tax deficiencies related to share-based payments be recognized within income tax expense in the statement of income, rather than within additional paid-in capital on the balance sheet. The adoption of this provision is to be applied prospectively. The impact to TJX’s results of operations related to this provision in the first quarter of 2017 was a decrease in the provision for income taxes of $24.6 million. The impact of this benefit on TJX’s future results of operations will depend in part on the market prices for TJX’s shares on the dates there are taxable events related to share awards, and therefore the impact is difficult to predict. This change and the remaining provisions within the pronouncement did not have a material impact on our consolidated financial statements.

- Definition

Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.

+ References + Details

Property at Cost (Tables)

3 Months Ended

Apr. 29, 2017

Components of Property at Cost

Presented below are the components of property at cost as of April 29, 2017, January 28, 2017 and April 30, 2016:


In thousands	April 29, 2017		January 28, 2017		April 30, 2016
Land and buildings	$	1,255,710	$	1,247,585	$	1,048,931
Leasehold costs and improvements		2,962,697		2,884,054		2,845,839
Furniture, fixtures and equipment		5,019,753		4,871,764		4,564,207

Total property at cost	$	9,238,160	$	9,003,403	$	8,458,977
Less accumulated depreciation and amortization		4,637,116		4,470,509		4,229,273

Net property at cost	$	4,601,044	$	4,532,894	$	4,229,704

Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Apr. 29, 2017

Changes in Accumulated Other Comprehensive Income (Loss)

The following table details the changes in accumulated other comprehensive income (loss) for the related periods:


In thousands	Foreign Currency Translation			Deferred Benefit Costs			Cash Flow Hedge on Debt			Accumulated Other Comprehensive Income (Loss)
Balance, January 28, 2017	$	(491,803	)	$	(199,481	)	$	(2,942	)	$	(694,226	)
Additions to other comprehensive income:
Foreign currency translation adjustments (net of taxes of $20,543)		(5,247	)		—			—			(5,247	)
Reclassifications from other comprehensive income to net income:
Amortization of prior service cost and deferred gains/losses (net of taxes of $2,543)		—			3,868			—			3,868
Amortization of loss on cash flow hedge (net of taxes of $112)		—			—			171			171

Balance, April 29, 2017	$	(497,050	)	$	(195,613	)	$	(2,771	)	$	(695,434	)

Capital Stock and Earnings per Share (Tables)

3 Months Ended

Apr. 29, 2017

Earnings per Share

The following schedule presents the calculation of basic and diluted earnings per share (“EPS”) for net income:


	Thirteen Weeks Ended
	April 29,		April 30,
In thousands, except per share data	2017		2016
Basic earnings per share
Net income	$	536,279	$	508,346
Weighted average common shares outstanding for basic EPS		644,425		661,515

Basic earnings per share	$	0.83	$	0.77

Diluted earnings per share
Net income	$	536,279	$	508,346

Shares for basic and diluted earnings per share calculations:
Weighted average common shares outstanding for basic EPS		644,425		661,515
Assumed exercise/vesting of:
Stock options and awards		10,374		8,873

Weighted average common shares outstanding for diluted EPS		654,799		670,388

Diluted earnings per share	$	0.82	$	0.76

Financial Instruments (Tables)

3 Months Ended

Apr. 29, 2017

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 April 29, 2017:


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 April 29, 2017
Fair value hedges:
Intercompany balances, primarily debt and related interest
	zł 67,000	£	13,000		0.1940		(Accrued Exp)		—		(292	)		(292	)
	€ 66,000	£	57,048		0.8644		Prepaid Exp		1,565		—			1,565
	U.S.$ 68,445	£	55,000		0.8036		Prepaid Exp		3,319		—			3,319
	A$ 10,000	$	5,799		0.5799		Prepaid Exp		60		—			60
Economic hedges for which hedge accounting was not elected:
Diesel contracts	Fixed on 2.1M – 2.5M gal per month		Float on 2.1M – 2.5M gal per month		N/A		(Accrued Exp)		—		(1,585	)		(1,585	)
Intercompany billings in Europe, primarily merchandise related	€ 85,000	£	72,765		0.8561		Prepaid Exp		1,546		—			1,546
Merchandise purchase commitments
	C$ 521,997	U.S.$	394,800		0.7563		Prepaid Exp		11,755		—			11,755
	C$ 24,743	€	17,500		0.7073		Prepaid Exp		953		—			953
	£ 209,383	U.S.$	263,000		1.2561		(Accrued Exp)		—		(8,919	)		(8,919	)
	A$ 17,940	U.S.$	13,573		0.7566		Prepaid Exp / (Accrued Exp)		162		(19	)		143
	zł 269,048	£	52,774		0.1962		Prepaid Exp / (Accrued Exp)		411		(1,243	)		(832	)
	U.S.$ 36,314	€	33,862		0.9325		Prepaid Exp		683		—			683

Total fair value of financial instruments								$	20,454	$	(12,058	)	$	8,396

The following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at April 30, 2016:


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 April 30, 2016
Fair value hedges:
Intercompany balances, primarily debt and related interest
	zł 87,073	C$	29,950		0.3440		Prepaid Exp	$	1,085	$	—		$	1,085
	zł 45,000	£	7,403		0.1645		(Accrued Exp)		—		(933	)		(933	)
	€ 53,000	£	40,820		0.7702		(Accrued Exp)		—		(1,637	)		(1,637	)
	U.S.$ 77,957	£	55,000		0.7055		Prepaid Exp		2,523		—			2,523
Economic hedges for which hedge accounting was not elected:
Diesel contracts	Fixed on 1.9M – 2.2M gal per month		Float on 1.9M – 2.2M gal per month		N/A		(Accrued Exp)		—		(4,875	)		(4,875	)
Intercompany billings in Europe, primarily merchandise related	€ 85,000	£	67,798		0.7976		Prepaid Exp		1,538		—			1,538
Merchandise purchase commitments
	C$ 492,465	U.S.$	362,900		0.7369		(Accrued Exp)		—		(29,356	)		(29,356	)
	C$ 20,941	€	14,000		0.6685		(Accrued Exp)		—		(639	)		(639	)
	£ 146,518	U.S.$	212,550		1.4507		Prepaid Exp / (Accrued Exp)		2,027		(3,635	)		(1,608	)
	zł 216,245	£	38,136		0.1764		Prepaid Exp / (Accrued Exp)		293		(1,133	)		(840	)
	U.S.$ 38,434	€	34,051		0.8860		Prepaid Exp		634		—			634

Total fair value of financial instruments								$	8,100	$	(42,208	)	$	(34,108	)

Impact of Derivative Financial Instruments on Statements of Income

Presented below is the impact of derivative financial instruments on the 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
In thousands	Location of Gain (Loss) Recognized in Income by Derivative	April 29, 2017			April 30, 2016
Fair value hedges:
Intercompany balances, primarily debt and related interest	Selling, general and administrative expenses	$	3,225		$	877
Economic hedges for which hedge accounting was not elected:
Diesel fuel contracts	Cost of sales, including buying and occupancy costs		(3,323	)		2,287
Intercompany billings in Europe, primarily merchandise related	Cost of sales, including buying and occupancy costs		1,601			(2,108	)
Merchandise purchase commitments	Cost of sales, including buying and occupancy costs		9,933			(44,988	)

Gain / (loss) recognized in income		$	11,436		$	(43,932	)

Disclosures about Fair Value of Financial Instruments (Tables)

3 Months Ended

Apr. 29, 2017

Fair Value of Financial Assets and Liabilities on a Recurring Basis

The following table sets forth TJX’s financial assets and liabilities that are accounted for at fair value on a recurring basis:


In thousands	April 29, 2017		January 28, 2017		April 30, 2016
Level 1
Assets:
Executive Savings Plan investments	$	213,260	$	195,733	$	173,523

Level 2
Assets:
Short-term investments	$	457,091	$	543,242	$	403,702
Foreign currency exchange contracts		20,454		6,018		8,100
Diesel fuel contracts		—		2,183		—

Liabilities:
Foreign currency exchange contracts	$	10,473	$	7,256	$	37,333
Diesel fuel contracts		1,585		—		4,875

Segment Information (Tables)

3 Months Ended

Apr. 29, 2017

Financial Information on Business Segments

Presented below is financial information with respect to TJX’s business segments:


	Thirteen Weeks Ended
In thousands	April 29, 2017		April 30, 2016
Net sales:
In the United States:
Marmaxx	$	4,967,135	$	4,865,375
HomeGoods		1,121,269		1,010,436
TJX Canada		738,771		685,577
TJX International		956,849		980,968

	$	7,784,024	$	7,542,356

Segment profit:
In the United States:
Marmaxx	$	687,165	$	708,857
HomeGoods		152,092		138,210
TJX Canada		102,880		57,472
TJX International		6,860		14,347

		948,997		918,886

General corporate expense		106,648		83,723
Interest expense, net		9,841		10,194

Income before provision for income taxes	$	832,508	$	824,969

Pension Plans and Other Retirement Benefits (Tables)

3 Months Ended

Apr. 29, 2017

Financial Information Related to Funded Defined Benefit Pension Plan and Unfunded Supplemental Retirement Plan


	Funded Plan						Unfunded Plan
	Thirteen Weeks Ended						Thirteen Weeks Ended
In thousands	April 29, 2017			April 30, 2016			April 29, 2017		April 30, 2016
Service cost	$	11,805		$	11,209		$	588	$	541
Interest cost		13,759			14,362			843		875
Expected return on plan assets		(17,382	)		(17,935	)		—		—
Recognized actuarial losses		5,580			7,209			831		865

Total expense	$	13,762		$	14,845		$	2,262	$	2,281

Long-Term Debt and Credit Lines (Tables)

3 Months Ended

Apr. 29, 2017

Long-Term Debt, Exclusive of Current Installments

The table below presents long-term debt, exclusive of current installments, as of April 29, 2017, January 28, 2017 and April 30, 2016. All amounts are net of unamortized debt discounts.


In thousands	April 29, 2017			January 28, 2017			April 30, 2016
General corporate debt:
6.95% senior unsecured notes, redeemed on October 12, 2016 (effective interest rate of 6.98% after reduction of unamortized debt discount of $205 at April 30, 2016)	$	—		$	—		$	374,795
2.50% senior unsecured notes, maturing May 15, 2023 (effective interest rate of 2.51% after reduction of unamortized debt discount of $267 at April 29, 2017, $278 at January 28, 2017 and $312 at April 30, 2016)		499,733			499,722			499,688
2.75% senior unsecured notes, maturing June 15, 2021 (effective interest rate of 2.76% after reduction of unamortized debt discount of $306 at April 29, 2017, $325 at January 28, 2017 and $381 at April 30, 2016)		749,694			749,675			749,619
2.25% senior unsecured notes, maturing September 15, 2026 (effective interest rate of 2.32% after reduction of unamortized debt discount of $6,963 at April 29, 2017 and $7,149 at January 28, 2017)		993,037			992,851			—
Debt issuance cost		(14,113	)		(14,649	)		(8,625	)

Long-term debt	$	2,228,351		$	2,227,599		$	1,615,477

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands, shares in Millions	3 Months Ended		12 Months Ended
	Apr. 29, 2017 USD ($) Location shares	Apr. 30, 2016 USD ($)	Jan. 28, 2017 USD ($)	Jan. 30, 2016 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Weeks in the fiscal year	371 days		364 days
Share-based compensation	$ 24,051	$ 24,959
Options to purchase common stock exercised \| shares	1.6
Options outstanding to purchase common stock \| shares	25.6
Unrecognized compensation cost related to nonvested share-based compensation arrangements	$ 146,700
Highly liquid investments maximum maturity days	90 days
Cash and cash equivalents	$ 2,669,495	1,944,155	$ 2,929,849	$ 2,095,473
In-transit inventory accrual	501,500	544,000	$ 641,900
Provision for income taxes	296,229	$ 316,623
Adjustments for New Accounting Pronouncement
Summary Of Significant Accounting Policies [Line Items]
Provision for income taxes	(24,600)
Outside United States
Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents	1,233,400
Reinvest Undistributed Earnings
Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 263,200
Minimum
Summary Of Significant Accounting Policies [Line Items]
Number of lease locations \| Location	3,800
Minimum \| Key revenue streams concentration risk \| Point of sale at the registers \| Sales revenue net
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	95.00%

Components of Property at Cost (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016
Property, Plant and Equipment [Line Items]
Land and buildings	$ 1,255,710	$ 1,247,585	$ 1,048,931
Leasehold costs and improvements	2,962,697	2,884,054	2,845,839
Furniture, fixtures and equipment	5,019,753	4,871,764	4,564,207
Total property at cost	9,238,160	9,003,403	8,458,977
Less accumulated depreciation and amortization	4,637,116	4,470,509	4,229,273
Net property at cost	$ 4,601,044	$ 4,532,894	$ 4,229,704

Property at Cost - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Apr. 29, 2017	Apr. 30, 2016	Jan. 28, 2017
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 172.6	$ 160.0	$ 658.8
Reduction in accumulated depreciation and amortization		$ (840.0)

Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 4,510,599
Foreign currency translation adjustments, net of related tax provision (benefit)	(5,247)	$ 129,596
Amortization of prior service cost and deferred gains/losses, net of related tax provision	3,868	1,293
Amortization of loss on cash flow hedge, net of related tax provision (benefits)	171	171
Ending balance	4,553,523	$ 4,534,969
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(694,226)
Ending balance	(695,434)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(491,803)
Foreign currency translation adjustments, net of related tax provision (benefit)	(5,247)
Ending balance	(497,050)
Deferred Benefit Costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(199,481)
Amortization of prior service cost and deferred gains/losses, net of related tax provisions	3,868
Ending balance	(195,613)
Cash Flow Hedge on Debt
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(2,942)
Amortization of loss on cash flow hedge, net of related tax provision (benefits)	171
Ending balance	$ (2,771)

Changes in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustments, related tax (benefit) provision	$ (20,543)	$ 51,247
Amortization of deferred benefit costs, taxes	2,543	850
Amortization of loss on cash flow hedge, net of related tax provisions	112	$ 112
Deferred Income Tax Charge
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization of deferred benefit costs, taxes	$ 2,543

Capital Stock and Earnings per Share - Additional Information (Detail) - USD ($) shares in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016	Feb. 28, 2017	Feb. 29, 2016
Capital Unit [Line Items]
Common stock repurchased and retired	$ 349,999,000
Cash payments for repurchase of common stock	$ 350,000,000	$ 341,300,000
Antidilutive options excluded	8.0	4.1
Trade Date Basis
Capital Unit [Line Items]
Common stock repurchased and retired (in shares)	4.5
Common stock repurchased and retired	$ 350,000,000
Stock Repurchase Programs 2016
Capital Unit [Line Items]
Common stock repurchased and retired (in shares)	7.3
Common stock repurchased and retired	$ 559,200,000
Stock repurchase program, common stock purchase value				$ 2,000,000,000
Remaining available stock under stock repurchase plan	$ 1,400,000,000
Stock Repurchase Programs 2017
Capital Unit [Line Items]
Stock repurchase program, common stock purchase value			$ 1,000,000,000

Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Basic earnings per share
Net income	$ 536,279	$ 508,346
Weighted average common shares outstanding for basic EPS	644,425	661,515
Basic earnings per share	$ 0.83	$ 0.77
Net income	$ 536,279	$ 508,346
Weighted average common shares outstanding for basic EPS	644,425	661,515
Stock options and awards	10,374	8,873
Weighted average common shares outstanding for diluted EPS	654,799	670,388
Diluted earnings per share	$ 0.82	$ 0.76

Financial Instruments - Additional Information (Detail)	3 Months Ended
Financial Instruments - Additional Information (Detail)	Apr. 29, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Hedge of diesel fuel requirement, remainder of fiscal year 2018	53.00%
Hedge of diesel fuel requirement, fiscal year 2019	50.00%

Summary of Derivative Financial Instruments Related Fair Value and Balance Sheet Classification (Detail) € in Thousands, £ in Thousands, zł in Thousands, $ in Thousands, $ in Thousands, $ in Thousands	Apr. 29, 2017 USD ($)	Apr. 29, 2017 CAD ($)	Apr. 29, 2017 GBP (£)	Apr. 29, 2017 PLN (zł)	Apr. 29, 2017 EUR (€)	Apr. 29, 2017 AUD ($)	Apr. 30, 2016 USD ($)	Apr. 30, 2016 CAD ($)	Apr. 30, 2016 GBP (£)	Apr. 30, 2016 PLN (zł)	Apr. 30, 2016 EUR (€)
Derivatives, Fair Value [Line Items]
Current Asset	$ 20,454						$ 8,100
Current (Liability)	(12,058)						(42,208)
Net Fair Value	8,396						(34,108)
Diesel Fuel Contracts \| (Accrued Expense)
Derivatives, Fair Value [Line Items]
Current (Liability)	(1,585)						(4,875)
Net Fair Value	$ (1,585)						$ (4,875)
Intercompany Balances, Primarily Debt And Related Interest \| (Accrued Expense) \| Conversion Of Zloty To Pound
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay \| zł				zł 67,000						zł 45,000
Hedge accounting not elected, Receive \| £			£ 13,000						£ 7,403
Blended Contract Rate	0.1940	0.1940	0.1940	0.1940	0.1940	0.1940	0.1645	0.1645	0.1645	0.1645	0.1645
Current (Liability)	$ (292)						$ (933)
Net Fair Value	$ (292)						$ (933)
Intercompany Balances, Primarily Debt And Related Interest \| (Accrued Expense) \| Conversion Of Euro To Pound
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay \| €											€ 53,000
Hedge accounting not elected, Receive \| £									£ 40,820
Blended Contract Rate							0.7702	0.7702	0.7702	0.7702	0.7702
Current (Liability)							$ (1,637)
Net Fair Value							(1,637)
Intercompany Balances, Primarily Debt And Related Interest \| Prepaid Expense \| Conversion Of Euro To Pound
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay \| €					€ 66,000
Hedge accounting not elected, Receive \| £			£ 57,048
Blended Contract Rate	0.8644	0.8644	0.8644	0.8644	0.8644	0.8644
Current Asset	$ 1,565
Net Fair Value	1,565
Intercompany Balances, Primarily Debt And Related Interest \| Prepaid Expense \| Conversion Of US Dollar To Pound
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay	$ 68,445						$ 77,957
Hedge accounting not elected, Receive \| £			£ 55,000						£ 55,000
Blended Contract Rate	0.8036	0.8036	0.8036	0.8036	0.8036	0.8036	0.7055	0.7055	0.7055	0.7055	0.7055
Current Asset	$ 3,319						$ 2,523
Net Fair Value	3,319						$ 2,523
Intercompany Balances, Primarily Debt And Related Interest \| Prepaid Expense \| Conversion Of Australian Dollar To Us Dollar
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay						$ 10,000
Hedge accounting not elected, Receive	$ 5,799
Blended Contract Rate	0.5799	0.5799	0.5799	0.5799	0.5799	0.5799
Current Asset	$ 60
Net Fair Value	$ 60
Intercompany Balances, Primarily Debt And Related Interest \| Prepaid Expense \| Conversion Of Zloty To Canadian Dollar
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay \| zł										zł 87,073
Hedge accounting not elected, Receive								$ 29,950
Blended Contract Rate							0.3440	0.3440	0.3440	0.3440	0.3440
Current Asset							$ 1,085
Net Fair Value							$ 1,085
Intercompany Billings In Europe, Primarily Merchandise Related \| Prepaid Expense \| Conversion Of Euro To Pound
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay \| €					€ 85,000						€ 85,000
Hedge accounting not elected, Receive \| £			£ 72,765						£ 67,798
Blended Contract Rate	0.8561	0.8561	0.8561	0.8561	0.8561	0.8561	0.7976	0.7976	0.7976	0.7976	0.7976
Current Asset	$ 1,546						$ 1,538
Net Fair Value	1,546						1,538
Merchandise Purchase Commitments \| (Accrued Expense) \| Conversion Of Canadian Dollar To US Dollar
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay								$ 492,465
Hedge accounting not elected, Receive							$ 362,900
Blended Contract Rate							0.7369	0.7369	0.7369	0.7369	0.7369
Current (Liability)							$ (29,356)
Net Fair Value							$ (29,356)
Merchandise Purchase Commitments \| (Accrued Expense) \| Conversion Of Canadian Dollar To Euro
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay								$ 20,941
Hedge accounting not elected, Receive \| €											€ 14,000
Blended Contract Rate							0.6685	0.6685	0.6685	0.6685	0.6685
Current (Liability)							$ (639)
Net Fair Value							(639)
Merchandise Purchase Commitments \| (Accrued Expense) \| Conversion Of Pound To US Dollar
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay \| £			£ 209,383
Hedge accounting not elected, Receive	$ 263,000
Blended Contract Rate	1.2561	1.2561	1.2561	1.2561	1.2561	1.2561
Current (Liability)	$ (8,919)
Net Fair Value	(8,919)
Merchandise Purchase Commitments \| Prepaid Expense \| Conversion Of Canadian Dollar To US Dollar
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay		$ 521,997
Hedge accounting not elected, Receive	$ 394,800
Blended Contract Rate	0.7563	0.7563	0.7563	0.7563	0.7563	0.7563
Current Asset	$ 11,755
Net Fair Value	$ 11,755
Merchandise Purchase Commitments \| Prepaid Expense \| Conversion Of Canadian Dollar To Euro
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay		$ 24,743
Hedge accounting not elected, Receive \| €					€ 17,500
Blended Contract Rate	0.7073	0.7073	0.7073	0.7073	0.7073	0.7073
Current Asset	$ 953
Net Fair Value	953
Merchandise Purchase Commitments \| Prepaid Expense \| Conversion Of US Dollar To Euro
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay	$ 36,314						$ 38,434
Hedge accounting not elected, Receive \| €					€ 33,862						€ 34,051
Blended Contract Rate	0.9325	0.9325	0.9325	0.9325	0.9325	0.9325	0.8860	0.8860	0.8860	0.8860	0.8860
Current Asset	$ 683						$ 634
Net Fair Value	$ 683						$ 634
Merchandise Purchase Commitments \| Prepaid Expense / (Accrued Expense) \| Conversion Of Zloty To Pound
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay \| zł				zł 269,048						zł 216,245
Hedge accounting not elected, Receive \| £			£ 52,774						£ 38,136
Blended Contract Rate	0.1962	0.1962	0.1962	0.1962	0.1962	0.1962	0.1764	0.1764	0.1764	0.1764	0.1764
Current Asset	$ 411						$ 293
Current (Liability)	(1,243)						(1,133)
Net Fair Value	(832)						(840)
Merchandise Purchase Commitments \| Prepaid Expense / (Accrued Expense) \| Conversion Of Australian Dollar To Us Dollar
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay						$ 17,940
Hedge accounting not elected, Receive	$ 13,573
Blended Contract Rate	0.7566	0.7566	0.7566	0.7566	0.7566	0.7566
Current Asset	$ 162
Current (Liability)	(19)
Net Fair Value	$ 143
Merchandise Purchase Commitments \| Prepaid Expense / (Accrued Expense) \| Conversion Of Pound To US Dollar
Derivatives, Fair Value [Line Items]
Hedge accounting not elected, Pay \| £									£ 146,518
Hedge accounting not elected, Receive							$ 212,550
Blended Contract Rate							1.4507	1.4507	1.4507	1.4507	1.4507
Current Asset							$ 2,027
Current (Liability)							(3,635)
Net Fair Value							$ (1,608)

Impact of Derivative Financial Instruments on Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income	$ 11,436	$ (43,932)
Intercompany Balances, Primarily And Related Interest \| Fair Value Hedges \| Selling, General And Administrative Expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income	3,225	877
Diesel Fuel Contracts \| Economic Hedges For Which Hedge Accounting Was Not Elected \| Cost Of Sales, Including Buying And Occupancy Costs
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income	(3,323)	2,287
Intercompany Billings In Europe, Primarily Merchandise Related \| Economic Hedges For Which Hedge Accounting Was Not Elected \| Cost Of Sales, Including Buying And Occupancy Costs
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income	1,601	(2,108)
Merchandise Purchase Commitments \| Economic Hedges For Which Hedge Accounting Was Not Elected \| Cost Of Sales, Including Buying And Occupancy Costs
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income	$ 9,933	$ (44,988)

Fair Value of Financial Assets and Liabilities on a Recurring Basis (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016
Level 1 \| Executive Savings Plan Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measured on recurring basis, Assets	$ 213,260	$ 195,733	$ 173,523
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency exchange contracts, Assets	20,454	6,018	8,100
Foreign currency exchange contracts, Liabilities	10,473	7,256	37,333
Level 2 \| Short-Term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measured on recurring basis, Assets	457,091	543,242	403,702
Level 2 \| Diesel Fuel Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measured on recurring basis, Assets		$ 2,183
Fair value measured on recurring basis, Liabilities	$ 1,585		$ 4,875

Disclosures about Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of long-term debt	$ 2,200,000	$ 2,170,000	$ 1,720,000
Carrying value of long-term debt	$ 2,228,351	$ 2,227,599	$ 1,615,477

Segment Information - Additional Information (Detail)	3 Months Ended
Segment Information - Additional Information (Detail)	Apr. 29, 2017 Segment
Segment Reporting Information [Line Items]
Number of business segments	4

Financial Information on Business Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Segment Reporting Information [Line Items]
Net sales	$ 7,784,024	$ 7,542,356
Segment profit	948,997	918,886
General corporate expense	106,648	83,723
Interest expense, net	9,841	10,194
Income before provision for income taxes	832,508	824,969
Marmaxx
Segment Reporting Information [Line Items]
Net sales	4,967,135	4,865,375
Segment profit	687,165	708,857
HomeGoods
Segment Reporting Information [Line Items]
Net sales	1,121,269	1,010,436
Segment profit	152,092	138,210
TJX Canada
Segment Reporting Information [Line Items]
Net sales	738,771	685,577
Segment profit	102,880	57,472
TJX International
Segment Reporting Information [Line Items]
Net sales	956,849	980,968
Segment profit	$ 6,860	$ 14,347

Financial Information Related to Funded Defined Benefit Pension Plan and Unfunded Supplemental Pension Plan (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Funded Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 11,805	$ 11,209
Interest cost	13,759	14,362
Expected return on plan assets	(17,382)	(17,935)
Recognized actuarial losses	5,580	7,209
Total expense	13,762	14,845
Unfunded Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	588	541
Interest cost	843	875
Recognized actuarial losses	831	865
Total expense	$ 2,262	$ 2,281

Pension Plans and Other Retirement Benefits - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Pension Plans and Other Retirement Benefits [Line Items]
Minimum percentage of pension liability	80.00%
Anticipated employer's contribution to fund current benefit and expense payments under the unfunded plan in fiscal 2018	$ 4.1
Post Retirement Medical Plan
Pension Plans and Other Retirement Benefits [Line Items]
Pre-tax income from post retirement medical plan reflected in income statement		$ 5.5

Long-Term Debt, Exclusive of Current Installments (Detail) - USD ($) $ in Thousands	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016
Debt Instrument [Line Items]
Debt issuance cost	$ (14,113)	$ (14,649)	$ (8,625)
Long-term debt	2,228,351	2,227,599	1,615,477
6.95% Ten-Year Notes
Debt Instrument [Line Items]
Long-term debt			374,795
2.50% Ten-Year Notes
Debt Instrument [Line Items]
Long-term debt	499,733	499,722	499,688
2.75% Seven-Year Notes
Debt Instrument [Line Items]
Long-term debt	749,694	749,675	$ 749,619
2.25% Ten-Year Notes
Debt Instrument [Line Items]
Long-term debt	$ 993,037	$ 992,851

Long-Term Debt, Exclusive of Current Installments (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016
6.95% Ten-Year Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	6.95%
Debt redeemed date	Oct. 12, 2016
Unamortized debt discount			$ 205
Effective interest rate	6.98%
2.50% Ten-Year Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.50%
Maturity date	May 15, 2023
Unamortized debt discount	$ 267	$ 278	312
Effective interest rate	2.51%
2.75% Seven-Year Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.75%
Maturity date	Jun. 15, 2021
Unamortized debt discount	$ 306	325	$ 381
Effective interest rate	2.76%
2.25% Ten-Year Notes
Debt Instrument [Line Items]
Debt instrument, interest rate	2.25%
Maturity date	Sep. 15, 2026
Unamortized debt discount	$ 6,963	$ 7,149
Effective interest rate	2.32%

Long-Term Debt and Credit Lines - Additional Information (Detail)		3 Months Ended
	Sep. 12, 2016 USD ($)	Apr. 29, 2017 USD ($) CreditFacility	Apr. 29, 2017 CAD ($) CreditFacility	Apr. 29, 2017 GBP (£) CreditFacility	Jan. 28, 2017 USD ($)	Jan. 28, 2017 CAD ($)	Jan. 28, 2017 GBP (£)	Apr. 30, 2016 USD ($)	Apr. 30, 2016 CAD ($)	Apr. 30, 2016 GBP (£)
Debt Instrument [Line Items]
Revolving credit facilities, number \| CreditFacility		2	2	2
Quarterly payments on unused committed amounts		0.06%
Ratio of funded debt and four-times consolidated rentals to consolidated earnings before interest, taxes, depreciation and amortization, and consolidated rentals		275.00%	275.00%	275.00%
Credit facilities, amount outstanding		$ 0			$ 0			$ 0
TJX Canada
Debt Instrument [Line Items]
Current borrowing capacity			$ 10,000,000			$ 10,000,000			$ 10,000,000
Credit facilities, amount outstanding			0			0			0
TJX Canada \| Letter of Credit
Debt Instrument [Line Items]
Current borrowing capacity			10,000,000			10,000,000			10,000,000
Credit facilities, amount outstanding			$ 0			$ 0			$ 0
TJX International \| TJX Europe Credit Line
Debt Instrument [Line Items]
Current borrowing capacity \| £				£ 5,000,000			£ 5,000,000			£ 5,000,000
Credit facilities, amount outstanding \| £				£ 0			£ 0			£ 0
2.25% Ten-Year Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 1,000,000,000
Debt instrument maturity period, years	10 years
Maturity Month/Year		2026-09
Effective fixed rate		2.36%	2.36%	2.36%
Debt instrument, interest rate		2.25%	2.25%	2.25%
2.25% Ten-Year Notes \| Interest Rate Contract
Debt Instrument [Line Items]
Amount hedged into treasury rate-lock agreement		$ 700,000,000
2.50% Ten-Year Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 500,000,000
Debt instrument maturity period, years		10 years
Maturity Month/Year		2023-05
Effective fixed rate		2.57%	2.57%	2.57%
Debt instrument, interest rate		2.50%	2.50%	2.50%
2.50% Ten-Year Notes \| Interest Rate Contract
Debt Instrument [Line Items]
Amount hedged into treasury rate-lock agreement		$ 250,000,000
2.75% Seven-Year Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 750,000,000
Debt instrument maturity period, years		7 years
Maturity Month/Year		2021-06
Effective fixed rate		2.91%	2.91%	2.91%
Debt instrument, interest rate		2.75%	2.75%	2.75%
Cash flow hedges, pre-tax realized loss		$ 7,900,000
Revolving Credit Facility March 2020
Debt Instrument [Line Items]
Maturity Month/Year		2020-03
Current borrowing capacity		$ 500,000,000
Revolving Credit Facility March 2022
Debt Instrument [Line Items]
Maturity Month/Year		2022-03
Current borrowing capacity		$ 500,000,000

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016	Jan. 28, 2017
Income Taxes [Line Items]
Effective income tax rate	35.60%	38.40%
Net unrecognized tax benefits	$ 39,000,000	$ 35,300,000	$ 38,500,000
Accrued amounts for interest and penalties	8,000,000	$ 7,400,000	$ 8,000,000
Minimum
Income Taxes [Line Items]
Possible decrease in unrecognized tax benefits that would reduce the provision for taxes on earnings	0
Maximum
Income Taxes [Line Items]
Possible decrease in unrecognized tax benefits that would reduce the provision for taxes on earnings	$ 13,000,000

Contingent Obligations and Contingencies - Additional Information (Detail) $ in Millions	Apr. 29, 2017 USD ($)
Commitment And Contingencies [Line Items]
Estimated contingent obligations	$ 53.6