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Document and Entity Information - USD ($)	3 Months Ended
Document and Entity Information - USD ($)	May 01, 2010	Aug. 01, 2009
Document and Entity Information [Abstract]
Entity Registrant Name	TJX COMPANIES INC /DE/
Entity Central Index Key	0000109198
Document Type	10-Q
Document Period End Date	May 01, 2010
Amendment Flag	false
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--01-29
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		$ 15,271,706,337
Entity Common Stock, Shares Outstanding	407,979,188

Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 01, 2010	May 02, 2009
Statements of Income [Abstract]
Net sales	$ 5,016,540	$ 4,354,224
Cost of sales, including buying and occupancy costs	3,648,674	3,273,346
Selling, general and administrative expenses	821,363	735,057
Interest expense, net	10,202	6,601
Income before provision for income taxes	536,301	339,220
Provision for income taxes	204,867	130,006
Net income	$ 331,434	$ 209,214
Basic earnings per share:
Net income	$ 0.81	$ 0.51
Weighted average common shares - basic	408,053	412,544
Diluted earnings per share:
Net income	$ 0.8	$ 0.49
Weighted average common shares - diluted	414,400	431,920
Cash dividends declared per share	$ 0.15	$ 0.12

Balance Sheets - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
Balance Sheets - USD ($) $ in Thousands	May 01, 2010	May 02, 2009	Jan. 30, 2010
Current assets:
Cash and cash equivalents	$ 1,833,270	$ 1,012,495	$ 1,614,607
Short-term investments	126,071	56,747	130,636
Accounts receivable, net	168,043	150,406	148,126
Merchandise inventories	2,615,079	2,817,711	2,532,318
Prepaid expenses and other current assets	240,415	231,067	255,707
Current deferred income taxes, net	122,539	138,487	122,462
Total current assets	5,105,417	4,406,913	4,803,856
Property at cost:
Land and buildings	282,296	277,087	281,527
Leasehold costs and improvements	1,953,608	1,767,692	1,930,977
Furniture, fixtures and equipment	3,141,442	2,833,906	3,087,419
Total property at cost	5,377,346	4,878,685	5,299,923
Less accumulated depreciation and amortization	3,122,971	2,725,948	3,026,041
Net property at cost	2,254,375	2,152,737	2,273,882
Property under capital lease, net of accumulated amortization of $19,916; $19,357 and $17,682, respectively	12,656	14,890	13,215
Other assets	202,161	184,734	193,230
Goodwill and tradename, net of amortization	179,901	179,593	179,794
TOTAL ASSETS	7,754,510	6,938,867	7,463,977
Current liabilities:
Current installments of long-term debt	0	742,227	0
Obligation under capital lease due within one year	2,434	2,218	2,355
Accounts payable	1,684,956	1,551,403	1,507,892
Accrued expenses and other liabilities	1,079,451	982,156	1,248,002
Federal, foreign and state income taxes payable	247,794	50,250	136,737
Total current liabilities	3,014,635	3,328,254	2,894,986
Other long-term liabilities	688,123	734,262	697,099
Non-current deferred income taxes, net	222,836	148,946	192,447
Obligation under capital lease, less portion due within one year	15,194	17,628	15,844
Long-term debt, exclusive of current installments	$ 774,344	$ 374,303	$ 774,325
Commitments and contingencies
SHAREHOLDERS' EQUITY
Common stock, authorized 1,200,000,000 shares, par value $1, issued and outstanding 407,979,188; 409,386,126 and 413,533,634, respectively	$ 407,979	$ 413,534	$ 409,386
Additional paid-in capital	0	11,668	0
Accumulated other comprehensive (loss)	(137,298)	(188,834)	(134,124)
Retained earnings	2,768,697	2,099,106	2,614,014
Total shareholders' equity	3,039,378	2,335,474	2,889,276
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 7,754,510	$ 6,938,867	$ 7,463,977

Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	May 01, 2010	May 02, 2009
Cash flows from operating activities:
Net income	$ 331,434	$ 209,214
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	113,613	104,147
Loss on property disposals	1,788	326
Deferred income tax provision	18,159	18,301
Amortization of stock compensation expense	13,313	12,404
Excess tax benefits from stock compensation expense	(15,475)	(166)
Changes in assets and liabilities:
(Increase) in accounts receivable	(19,894)	(6,077)
(Increase) in merchandise inventories	(79,328)	(183,812)
Decrease in prepaid expenses and other current assets	7,456	37,828
Increase in accounts payable	175,234	267,451
(Decrease) in accrued expenses and other liabilities	(13,502)	(100,765)
Other	(5,382)	2,180
Net cash provided by operating activities	527,416	361,031
Cash flows from investing activities:
Property additions	(149,094)	(66,449)
Purchase of short-term investments	(29,192)	(56,747)
Sales and maturities of short-term investments	39,904
Proceeds from repayments on note receivable	227	212
Net cash (used in) investing activities	(138,155)	(122,984)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		374,295
Cash payments for debt issuance expenses		(3,234)
Payments on capital lease obligation	(571)	(528)
Cash payments for repurchase of common stock	(230,222)	(32,424)
Proceeds from issuance of common stock	88,090	10,245
Excess tax benefits from stock compensation expense	15,475	166
Cash dividends paid	(49,092)	(45,408)
Net cash (used in) provided by financing activities	(176,320)	303,112
Effect of exchange rate changes on cash	5,722	17,809
Net increase in cash and cash equivalents	218,663	558,968
Cash and cash equivalents at beginning of year	1,614,607	453,527
Cash and cash equivalents at end of period	$ 1,833,270	$ 1,012,495

Statement of Shareholders Equity (Unaudited) shares in Thousands, $ in Thousands	3 Months Ended
	May 01, 2010 USD ($) shares
Statement [Line Items]
Beginning Balance	$ 2,889,276
Comprehensive income:
Net income	331,434
Foreign currency translation adjustments	(4,712)
Recognition of prior service cost and deferred gains	1,538
Total comprehensive income	328,260
Cash dividends declared on common stock	(61,249)
Amortization of share-based compensation expense	13,313
Issuance of common stock under stock incentive plan and related tax effect	100,000
Common stock repurchased	(230,222)
Ending Balance	3,039,378
Common Stock
Statement [Line Items]
Beginning Balance	$ 409,386
Shares, Beginning Balance \| shares	409,386
Comprehensive income:
Issuance of common stock under stock incentive plan and related tax effect	$ 3,993
Issuance of common stock under stock incentive plan and related tax effect, Shares \| shares	3,993
Common stock repurchased	$ (5,400)
Common stock repurchased, Shares \| shares	(5,400)
Ending Balance	$ 407,979
Shares, Ending Balance \| shares	407,979
Additional Paid-In Capital
Comprehensive income:
Amortization of share-based compensation expense	$ 13,313
Issuance of common stock under stock incentive plan and related tax effect	96,007
Common stock repurchased	(109,320)
Accumulated Other Comprehensive Income (Loss)
Statement [Line Items]
Beginning Balance	(134,124)
Comprehensive income:
Foreign currency translation adjustments	(4,712)
Recognition of prior service cost and deferred gains	1,538
Ending Balance	(137,298)
Retained Earnings
Statement [Line Items]
Beginning Balance	2,614,014
Comprehensive income:
Net income	331,434
Cash dividends declared on common stock	(61,249)
Common stock repurchased	(115,502)
Ending Balance	$ 2,768,697

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	May 01, 2010
Summary of Significant Accounting Policies [Abstract]
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, the use of retail statistics, and 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 presentation of its financial statements for the periods reported, all in conformity with accounting principles generally accepted in the United States of America (“U.S. 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 30, 2010 (“fiscal 2010”). These interim results are not necessarily indicative of results for the full fiscal year, because 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. Share-Based Compensation — Total share-based compensation expense was $13.3 million for the quarter ended May 1, 2010 and $12.4 million for the quarter ended May 2, 2009. These amounts include stock option expense as well as restricted and deferred stock amortization. There were options to purchase 3.8 million shares of common stock exercised during the first quarter ended May 1, 2010. There were options to purchase 24.0 million shares of common stock outstanding as of May 1, 2010. Cash and Cash Equivalents — TJX generally considers highly liquid investments with a maturity of three months or less at the date of purchase to be cash equivalents. Investments with maturities greater than three months but less than a year at the date of purchase are included in short-term investments. TJX’s investments are primarily high-grade commercial paper, government and corporate bonds, institutional money market funds and time deposits with major banks. Merchandise Inventories — TJX accrues for inventory purchase obligations at the time of shipment by the vendor. As a result, merchandise inventories on TJX’s balance sheet include an accrual for in-transit inventory of $354.5 million at May 1, 2010, $396.8 million at January 30, 2010 and $317.3 million at May 2, 2009. A liability for a comparable amount is included in accounts payable for the respective periods. New Accounting Standards — There were no new accounting standards issued during the first quarter ended May 1, 2010 that are expected to have a material impact on TJX’s financial condition, results of operations or cash flows.

Commitments and Contingencies

3 Months Ended

May 01, 2010

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note B. Commitments and Contingencies

Provision for Computer Intrusion related costs — TJX has a reserve for its estimate of the total probable losses arising from an unauthorized intrusion or intrusions (the intrusion or intrusions, collectively, the “Computer Intrusion”) into portions of its computer system, which was discovered late in fiscal 2007 and in which TJX believes customer data were stolen. The reserve balance was $22.5 million at May 1, 2010. As an estimate, the reserve is subject to uncertainty, actual costs may vary from the current estimate and such variations may be material. TJX may decrease or increase the amount of the reserve to adjust for matters such as developments in litigation, claims and related expenses, insurance proceeds and changes in the estimate.

Reserve for Discontinued Operations — TJX has a reserve for future obligations of discontinued operations that relates primarily to real estate leases associated with 34 discontinued A.J. Wright stores that were closed in the fourth quarter of fiscal 2007, three leases related to the sale of Bob’s Stores and leases of other TJX businesses. The balance in the reserve and the activity for respective periods are presented below:


	Thirteen Weeks Ended
	May 1,			May 2,
In thousands	2010			2009

Balance at beginning of year	$	35,897		$	40,564
Additions to the reserve charged to net income:
Interest accretion		369			440
Cash charges against the reserve:
Lease-related obligations		(2,996	)		(1,320	)
Termination benefits and all other		(51	)		(35	)

Balance at end of period	$	33,219		$	39,649

TJX may also be contingently liable on up to 15 leases of BJ’s Wholesale Club, a former TJX business, and up to seven additional Bob’s Stores leases. The reserve for discontinued operations does not reflect these leases because TJX does not believe that the likelihood of future liability to TJX is probable.

Capital Stock and Earnings Per Share

3 Months Ended

May 01, 2010

Capital Stock and Earnings Per Share [Abstract]

Capital Stock and Earnings Per Share

Note D. Capital Stock and Earnings Per Share

Capital Stock — During the quarter ended May 1, 2010, TJX repurchased and retired 5.5 million shares of its common stock at a cost of $234.1 million. TJX reflects stock repurchases in its financial statements on a “settlement” basis. TJX’s expenditures for its repurchase programs were $230.2 million for the three months ended May 1, 2010 and $32.4 million for the three months ended May 2, 2009, funded primarily by cash generated from operations. As of May 1, 2010, on a “trade date” basis, TJX had repurchased 11.0 million shares of common stock at a cost of $439.1 million under a $1 billion stock repurchase program authorized in September 2009. All shares repurchased under the Company’s stock repurchase programs during the first quarters of fiscal 2011 and fiscal 2010 were retired.

In February 2010, TJX’s Board of Directors approved a new stock repurchase program that authorizes the repurchase of up to an additional $1 billion of TJX common stock from time to time.

TJX has five million shares of authorized but unissued preferred stock, $1 par value.

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


	Thirteen Weeks Ended
	May 1,		May 2,
In thousands, except per share data	2010		2009

Basic earnings per share
Net income	$	331,434	$	209,214
Weighted average common shares outstanding for basic EPS		408,053		412,544

Basic earnings per share – continuing operations	$	0.81	$	0.51

Diluted earnings per share
Net income	$	331,434	$	209,214
Add back: Interest expense on zero coupon convertible subordinated notes, net of income taxes		—		1,072

Net income used for diluted EPS calculation	$	331,434	$	210,286


Shares for basic and diluted earnings per share calculations:
Weighted average common shares outstanding for basic EPS		408,053		412,544
Assumed conversion/exercise/vesting of:
Stock options and awards		6,347		4,224
Zero coupon convertible subordinated notes		—		15,152

Weighted average common shares outstanding for diluted EPS		414,400		431,920


Diluted earnings per share	$	0.80	$	0.49

In April 2009, TJX called for the redemption of its zero coupon convertible subordinated notes. There were 462,057 of such notes with a carrying value of $365.1 million that were converted into 15.1 million shares of TJX common stock at a conversion rate of 32.667 shares per note, most during the second quarter of fiscal 2010. TJX paid $2.3 million to redeem the remaining 2,886 notes outstanding that were not converted.

The weighted average common shares for the diluted earnings per share calculation excludes 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. No such options were excluded for the thirteen weeks ended May 1, 2010. There were 14.3 million options excluded for the thirteen weeks ended May 2, 2009.

Financial Instruments

3 Months Ended

May 01, 2010

Financial Instruments [Abstract]

Financial Instruments

Note E. Financial Instruments

TJX enters into financial instruments to manage its cost of borrowing and to manage its exposure to changes in fuel costs and foreign currency exchange rates. TJX recognizes all derivative instruments as either assets or liabilities in the statements of financial position and measures those instruments at fair value. 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. 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.

Interest Rate Contracts — During fiscal 2004, TJX entered into interest rate swaps with respect to $100 million of the $200 million ten-year notes outstanding at that time. Under these interest rate swaps, which settled in December 2009, TJX paid a specific variable interest rate indexed to the six-month LIBOR rate and received a fixed rate applicable to the underlying debt, effectively converting the interest on a portion of the notes from fixed to a floating rate of interest. The interest income/expense on the swaps was accrued as earned and recorded as an adjustment to the interest expense accrued on the fixed-rate debt. The interest rate swaps were designated as fair value hedges on the underlying debt.

Diesel Fuel Contracts — During fiscal 2010, TJX entered into agreements to hedge a portion of its notional diesel requirements for fiscal 2011 based on the diesel fuel consumed by independent freight carriers transporting the Company’s inventory. These economic hedges relate to 10% of TJX’s notional diesel requirements in the second quarter of fiscal 2011 and 20% of its notional diesel requirements in the third and fourth quarters of fiscal 2011. These diesel fuel hedge agreements will settle during the last three quarters of fiscal 2011 and expire in February 2011. During fiscal 2009, TJX entered into agreements to hedge approximately 30% of its notional diesel fuel requirements for fiscal 2010, which settled throughout the year and terminated in February 2010. Independent freight carriers transporting the Company’s inventory charge TJX a mileage surcharge for diesel fuel price increases as incurred by the carrier. 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 year. TJX elected not to apply hedge accounting rules to these contracts.

Foreign Currency Contracts — TJX enters into forward foreign currency exchange contracts to obtain economic hedges on portions of firm U.S. dollar and Euro denominated merchandise purchase commitments made by T.K. Maxx (United Kingdom, Ireland, Germany and Poland), Winners (Canada) and Marmaxx. These commitments are typically twelve months or less in duration. The contracts outstanding at May 1, 2010 cover certain commitments for the three remaining quarters of fiscal 2011. TJX elected not to apply hedge accounting rules to these contracts.

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. There were no such contracts outstanding as of May 1, 2010.

Following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at May 1, 2010:


													Net Fair
													Value in
					Blended			Current		Current			US$ at
					Contract		Balance Sheet	Asset		(Liability)			May 1,
In thousands	Pay		Receive		Rate		Location	US$		US$			2010

Hedge accounting not elected:
Diesel contracts	Fixed on 260K - 520K gal per month		Float on 260K - 520K gal per month			N/A	Prepaid Exp	$	940	$	—		$	940
Merchandise purchase commitments
	C$	313,797	US$	307,012		0.9784	Prepaid Exp/ (Accrued Exp)		2,073		(3,149	)		(1,076	)
	C$	6,379	€	4,650		0.7290	(Accrued Exp)		—		(85	)		(85	)
	£	86,258	US$	132,236		1.5330	Prepaid Exp/ (Accrued Exp)		641		(109	)		532
	£	81,848	€	92,868		1.1346	(Accrued Exp)		—		(1,496	)		(1,496	)
	US$	1,639	€	1,167		1.4046	(Accrued Exp)		—		(88	)		(88	)


Total fair value of all financial instruments								$	3,654	$	(4,927	)	$	(1,273	)

Following is a summary of TJX’s derivative financial instruments, related fair value and balance sheet classification at May 2, 2009:


														Net Fair
														Value in
						Blended			Current		Current			US$ at
						Contract		Balance Sheet	Asset		(Liability)			May 2,
In thousands	Pay		Receive			Rate		Location	US$		US$			2009

Fair value hedges:
Interest rate swap fixed to floating on notional of $50,000
	LIBOR + 4.17%			7.45	%		N/A	Prepaid Exp	$	822	$	—		$	822

Interest rate swap fixed to floating on notional of $50,000
	LIBOR + 3.42%			7.45	%		N/A	Prepaid Expense		1,206		—			1,206
Intercompany balance hedges primarily short-term debt and related interest
	C$	49,415	US$	43,273			0.8757	Prepaid Exp/(Accrued Exp)		2,386		(848	)		1,538
Hedge accounting not elected:
Diesel contracts	Fixed on 750K gal per month		Float on 750K gal per month				N/A	(Accrued Exp)		—		(4,251	)		(4,251	)
Merchandise purchase commitments
	C$	347,216	US$	283,500			0.8165	(Accrued Exp)		—		(9,717	)		(9,717	)
	C$	5,831	€	3,650			0.6260	(Accrued Exp)		—		(80	)		(80	)
	£	35,736	US$	52,000			1.4551	(Accrued Exp)		—		(1,337	)		(1,337	)
	£	27,251	€	30,400			1.1156	(Accrued Exp)		—		(344	)		(344	)
	US$	135	€	105			1.2867	Prepaid Exp		4		—			4

Total fair value of all financial instruments									$	4,418	$	(16,577	)	$	(12,159	)

The impact of derivative financial instruments on the statements of income during the first three months of fiscal 2011 and fiscal 2010 are as follows:


	Location of Gain (Loss)	Amount of Gain (Loss) Recognized
	Recognized in Income by	in Income by Derivative
In thousands	Derivative	May 1, 2010			May 2, 2009

Fair value hedges:
Interest rate swap fixed to floating on notional of $50,000	Interest expense, net	$	—		$	341
Interest rate swap fixed to floating on notional of $50,000	Interest expense, net		—			485

Intercompany balances, primarily short-term debt and related interest	Selling, general & administrative expenses		—			(2,100	)

Hedge accounting not elected:
Diesel contracts	Cost of sales, including buying and occupancy costs		1,382			680

Merchandise purchase commitments	Cost of sales, including buying and occupancy costs		(6,826	)		(15,592	)


Gain (loss) recognized in income		$	(5,444	)	$	(16,186	)

The counterparties to the forward exchange contracts and swap agreements are major international financial institutions and the contracts contain rights of offset which minimize TJX’s exposure to credit loss in the event of nonperformance by one of the counterparties. TJX is not required by counterparties to maintain, and TJX does not require that counterparties maintain, collateral for these contracts. TJX periodically monitors its position and the credit ratings of the counterparties and does not anticipate losses resulting from potential nonperformance of these institutions.

Disclosures about Fair Value of Financial Instruments

3 Months Ended

May 01, 2010

Disclosures about Fair Value of Financial Instruments [Abstract]

Disclosures about Fair Value of Financial Instruments

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 (exit price). U.S. GAAP classifies the inputs used to measure fair value 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.

TJX endeavors to utilize the best available information in measuring fair value and classifies financial assets and liabilities in their entirety based on the lowest level of input that is significant to the fair value measurement. TJX has determined that its financial assets and liabilities are classified within level 1 or level 2 in the fair value hierarchy. The following table sets forth TJX’s financial assets and liabilities that are accounted for at fair value on a recurring basis:


	May 1,		January 30,		May 2,
In thousands	2010		2010		2009

Level 1
Assets:
Executive savings plan	$	63,886	$	55,404	$	44,981

Level 2
Assets:
Short-term investments	$	126,071	$	130,636	$	56,747
Foreign currency exchange contracts		2,714		5,642		2,390
Diesel fuel contracts		940		—		—
Interest rate swaps		—		—		2,028

Liabilities:
Foreign currency exchange contracts	$	4,927	$	1,029	$	12,326
Diesel fuel contracts		—		442		4,251

The fair value of TJX’s general corporate debt, including current installments, was estimated by obtaining market quotes given the trading levels of other bonds of the same general issuer type and market perceived credit quality. The fair value of the zero coupon convertible subordinated notes was estimated by obtaining market quotes. The fair value of long-term debt at May 1, 2010 was $868.1 million versus a carrying value of $774.3 million. The fair value of the current installments of long-term debt at May 2, 2009 was $800.5 million versus a carrying value of $742.2 million. The fair value of long-term debt as of May 2, 2009 was $386.6 million versus a carrying value of $374.3 million. 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.

Investments designed to meet obligations under the executive savings plan are invested in securities traded in active markets and are recorded at unadjusted quoted prices.

As a result of its international operating and financing activities, TJX is exposed to market risks from changes in interest and foreign currency exchange rates, which may adversely affect its operating results and financial position. When deemed appropriate, TJX seeks to minimize risk from interest and foreign currency exchange rate fluctuations through the use of derivative financial instruments. Derivative financial instruments are not used for trading or other speculative purposes. TJX does not use leveraged derivative financial instruments. The forward foreign currency exchange contracts and interest rate swaps are valued using broker quotations which include observable market information. TJX makes no 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 derivative instruments are classified within level 2.

Segment Information

3 Months Ended

May 01, 2010

Segment Information [Abstract]

Segment Information

Note G. Segment Information

TJX operates five business segments, three in the United States and one each in Canada and Europe. Each of TJX’s segments has its own administrative, buying and merchandising organization and distribution network. Of the U.S. based store chains, T.J. Maxx and Marshalls, referred to as Marmaxx, are managed together and reported as a single segment and A.J. Wright and HomeGoods each is reported as a separate segment. Outside the U.S., store chains in Canada (Winners and HomeSense) are under common management and reported as the TJX Canada segment, and store chains in Europe (T.K. Maxx and HomeSense) are also under common management and reported as the TJX Europe segment.

TJX evaluates the performance of its segments based on “segment profit or loss,” which it defines as pre-tax income before general corporate expense and interest. “Segment profit or loss,” as defined by TJX, may not be comparable to similarly titled measures used by other entities. In addition, this measure of performance should not be considered an alternative to net income or cash flows from operating activities as an indicator of our performance or as a measure of liquidity.

Presented below is financial information on TJX’s business segments:


	Thirteen Weeks Ended
	May 1,		May 2,
In thousands	2010		2009

Net sales:
U.S. segments:
Marmaxx	$	3,277,864	$	2,938,309
HomeGoods		457,059		391,895
A.J. Wright		211,379		179,394
International segments:
TJX Canada		554,998		424,092
TJX Europe		515,240		420,534

	$	5,016,540	$	4,354,224


Segment profit:
U.S. segments:
Marmaxx	$	468,480	$	330,670
HomeGoods		40,593		15,573
A.J. Wright		9,786		4,413
International segments:
TJX Canada		54,359		19,727
TJX Europe		5,842		9,293

		579,060		379,676

General corporate expenses		32,557		33,855
Interest expense, net		10,202		6,601

Income before provision for income taxes	$	536,301	$	339,220

Long-Term Debt and Credit Lines	3 Months Ended
Long-Term Debt and Credit Lines	May 01, 2010
Long-Term Debt and Credit Lines [Abstract]
Long-Term Debt and Credit Lines	Note I. Long-Term Debt and Credit Lines On April 7, 2009, TJX issued $375 million aggregate principal amount of 6.95% ten-year notes and used the proceeds from the 6.95% notes offering to repurchase additional common stock under its stock repurchase program in fiscal 2010. Also in April 2009, prior to the issuance of the 6.95% notes, TJX entered into a rate-lock agreement to hedge the underlying treasury rate of those notes. The cost of this agreement is being amortized to interest expense over the term of the 6.95% notes and results in an effective fixed rate of 7.00% on those notes. On July 23, 2009, TJX issued $400 million aggregate principal amount of 4.20% six-year notes. TJX used a portion of the proceeds from the sale of the notes to refinance its C$235 million term credit facility on August 10, 2009, prior to its scheduled maturity, and used the remainder, together with funds from operations, to repay its $200 million 7.45% notes due December 15, 2009, at maturity. Also in July 2009, prior to the issuance of the 4.20% notes, TJX entered into a rate-lock agreement to hedge the underlying treasury rate on $250 million of those notes. The cost of this agreement is being amortized to interest expense over the term of the 4.20% notes and results in an effective fixed rate of 4.19% on the notes. In February 2001, TJX issued $517.5 million zero coupon convertible subordinated notes due in February 2021 and raised gross proceeds of $347.6 million. The issue price of the notes represented a yield to maturity of 2% per year. During fiscal 2010, TJX called for the redemption of these notes at the original issue price plus accrued original issue discount, and 462,057 of such notes with a carrying value of $365.1 million were converted into 15.1 million shares of TJX common stock at a rate of 32.667 shares per note. TJX paid $2.3 million to redeem the remaining 2,886 notes outstanding that were not converted. Prior to fiscal 2010, a total of 52,557 notes were either converted into common shares of TJX or put back to TJX. As of May 1, 2010, TJX had a $500 million revolving credit facility maturing May 2010 and a $500 million revolving credit facility maturing May 2011. These agreements require the payment of six basis points annually on the committed amounts, have no compensating balance requirements, have various covenants including a requirement of a specified ratio of debt to earnings, and serve as back up to TJX’s commercial paper program. There were no outstanding amounts under these credit facilities as of May 1, 2010 or May 2, 2009. The $500 million facility maturing in May 2010 was replaced at that time with a new $500 million, three-year revolving credit facility with similar terms and provisions but updated for market pricing. As of May 1, 2010 and May 2, 2009, TJX’s foreign subsidiaries had uncommitted credit facilities. TJX Canada had two credit lines, a C$10 million facility for operating expenses and a C$10 million letter of credit facility. As of May 1, 2010 and May 2, 2009, there were no amounts outstanding on the Canadian credit line for operating expenses. As of May 1, 2010, TJX Europe had a credit line of £20 million. There were no outstanding borrowings on this U.K. credit line as of May 1, 2010 or May 2, 2009.

Income Taxes	3 Months Ended
Income Taxes	May 01, 2010
Income Taxes [Abstract]
Income Taxes	Note J. Income Taxes TJX had unrecognized tax benefits of $125.0 million as of May 1, 2010 and $134.2 million as of May 2, 2009. The effective income tax rate was 38.2% for the fiscal 2011 first quarter and 38.3% for last year’s first quarter. TJX is subject to U.S. federal income tax as well as income tax in multiple state, local and foreign jurisdictions. In nearly all jurisdictions, the tax years through fiscal 2001 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 accrued amounts for interest and penalties were $53.1 million as of May 1, 2010 and $56.0 million as of May 2, 2009. 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 $1.0 million to $49.0 million.

Balance Sheets (Parenthetical) - USD ($)	May 01, 2010	Jan. 30, 2010	May 02, 2009
ASSETS
Property under capital lease, accumulated amortization	$ 19,916,000	$ 19,357,000	$ 17,682,000
SHAREHOLDERS' EQUITY
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	407,979,188	409,386,126	413,533,634
Common stock, shares outstanding	407,979,188	409,386,126	413,533,634