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Document and Company Information - USD ($)	9 Months Ended
Document and Company Information - USD ($)	Oct. 31, 2009	Jul. 26, 2008
Document and Company Information [Abstract]
Entity Registrant Name	TJX COMPANIES INC /DE/
Entity Central Index Key	0000109198
Document Type	10-Q
Document Period End Date	Oct. 31, 2009
Amendment Flag	false
Current Fiscal Year End Date	--01-30
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		$ 13,553,030,893
Entity Common Stock, Shares Outstanding	419,708,634

Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2009	Oct. 25, 2008	Oct. 31, 2009	Oct. 25, 2008
Statement [Line Items]
Net sales	$ 5,244,946	$ 4,761,530	$ 14,346,698	$ 13,619,480
Cost of sales, including buying and occupancy costs	3,802,179	3,536,990	10,609,827	10,261,376
Selling, general and administrative expenses	864,097	807,833	2,390,030	2,303,155
Provision (credit) for Computer Intrusion related costs	0	(7,000)	0	(7,000)
Interest expense, net	12,665	5,449	28,515	9,764
Income from continuing operations before provision for income taxes	566,005	418,258	1,318,326	1,052,185
Provision for income taxes	218,206	164,141	499,752	387,995
Income from continuing operations	347,799	254,117	818,574	664,190
(Loss) from discontinued operations, net of income taxes	0	(18,268)	0	(34,269)
Net income	$ 347,799	$ 235,849	$ 818,574	$ 629,921
Basic earnings per share:
Income from continuing operations	$ 0.82	$ 0.61	$ 1.95	$ 1.58
(Loss) from discontinued operations, net of income taxes	0	(0.04)	0	(0.09)
Net income	$ 0.82	$ 0.57	$ 1.95	$ 1.49
Weighted average common shares - basic	421,654	417,107	419,398	421,371
Diluted earnings per share:
Income from continuing operations	$ 0.81	$ 0.58	$ 1.91	$ 1.5
(Loss) from discontinued operations, net of income taxes	0	(0.04)	0	(0.08)
Net income	$ 0.81	$ 0.54	$ 1.91	$ 1.42
Weighted average common shares - diluted	428,092	440,749	430,136	445,763
Cash dividends declared per share	$ 0.12	$ 0.11	$ 0.36	$ 0.33

Balance Sheets - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2009	Oct. 25, 2008	Jan. 31, 2009
Current assets:
Cash and cash equivalents	$ 1,445,648	$ 387,351	$ 453,527
Short-term investments	76,643	0	0
Accounts receivable, net	163,555	166,553	143,500
Merchandise inventories	3,267,667	3,279,305	2,619,336
Prepaid expenses and other current assets	259,357	331,519	274,091
Current deferred income taxes, net	117,787	97,706	135,675
Total current assets	5,330,657	4,262,434	3,626,129
Property at cost:
Land and buildings	277,586	279,247	280,278
Leasehold costs and improvements	1,910,909	1,727,548	1,728,362
Furniture, fixtures and equipment	3,019,725	2,718,860	2,784,316
Total property at cost	5,208,220	4,725,655	4,792,956
Less accumulated depreciation and amortization	2,947,688	2,561,323	2,607,200
Net property at cost	2,260,532	2,164,332	2,185,756
Property under capital lease, net of accumulated amortization of $18,799; $17,124 and $16,565, respectively	13,773	16,007	15,448
Other assets	198,335	166,184	171,381
Goodwill and tradename, net of amortization	179,767	179,459	179,528
TOTAL ASSETS	7,983,064	6,788,416	6,178,242
Current liabilities:
Current installments of long-term debt	200,358	0	392,852
Obligation under capital lease due within one year	2,309	2,132	2,175
Short-term debt	0	105,930	0
Accounts payable	1,838,558	1,758,242	1,276,098
Accrued expenses and other liabilities	1,204,915	1,358,251	1,096,766
Total current liabilities	3,246,140	3,224,555	2,767,891
Other long-term liabilities	742,594	570,290	765,004
Non-current deferred income taxes, net	263,066	99,795	127,008
Obligation under capital lease, less portion due within one year	16,451	18,759	18,199
Long-term debt, exclusive of current installments	$ 774,306	$ 748,607	$ 365,583
Commitments and contingencies
SHAREHOLDERS' EQUITY
Common stock, authorized 1,200,000,000 shares, par value $1, issued and outstanding 419,708,634; 412,821,592 and 416,340,031, respectively	$ 419,709	$ 416,340	$ 412,822
Additional paid-in capital	34,719	0	0
Accumulated other comprehensive (loss)	(119,636)	(92,102)	(217,781)
Retained earnings	2,605,715	1,802,172	1,939,516
Total shareholders' equity	2,940,507	2,126,410	2,134,557
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 7,983,064	$ 6,788,416	$ 6,178,242

Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2009	Oct. 25, 2008
Cash flows from operating activities:
Net income	$ 818,574	$ 629,921
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	318,940	301,025
Assets of discontinued operations disposed, net of cash	0	31,328
Loss on property disposals and impairment charges	6,764	22,504
Deferred income tax provision	130,539	26,866
Amortization of share-based compensation expense	40,831	38,096
Excess tax benefits from share-based compensation expense	(15,755)	(18,971)
Changes in assets and liabilities:
(Increase) in accounts receivable	(16,466)	(33,420)
(Increase) in merchandise inventories	(577,469)	(736,768)
Decrease (increase) in prepaid expenses and other current assets	15,876	(24,416)
Increase in accounts payable	522,079	349,702
Increase in accrued expenses and other liabilities	82,156	157,928
Other	(36,848)	(16,960)
Net cash provided by operating activities	1,289,221	726,835
Cash flows from investing activities:
Property additions	(318,948)	(443,008)
Purchase of short-term investments	(199,839)	0
Sales and maturities of short-term investments	126,741	0
Proceeds from sale of discontinued operations, net of cash sold	0	4,804
Cash payments for costs associated with sale of discontinued operations	0	(5,647)
Other	(5,802)	602
Net cash (used in) investing activities	(397,848)	(443,249)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	774,263	0
Principal payments on current portion of long-term debt	(193,573)	0
Cash payments for debt issuance expenses	(7,202)	0
Proceeds from borrowing of short-term debt	0	105,930
Payments on capital lease obligation	(1,614)	(1,491)
Cash payments for repurchase of common stock	(530,501)	(667,099)
Proceeds from sale and issuance of common stock	154,095	141,133
Excess tax benefits from share-based compensation expense	15,755	18,971
Cash dividends paid	(147,403)	(131,136)
Net cash provided by (used in) financing activities	63,820	(533,692)
Effect of exchange rate changes on cash	36,928	(95,155)
Net increase (decrease) in cash and cash equivalents	992,121	(345,261)
Cash and cash equivalents at beginning of fiscal year	453,527	732,612
Cash and cash equivalents at end of period	$ 1,445,648	$ 387,351

Statement of Shareholders Equity (Unaudited) shares in Thousands, $ in Thousands	9 Months Ended
	Oct. 31, 2009 USD ($) shares
Common Stock
Statement [Line Items]
Beginning Balance	$ 412,822
Shares, Beginning Balance \| shares	412,822
Comprehensive income:
Restricted stock awards granted	$ 466
Restricted stock awards granted, Shares \| shares	466
Issuance of common stock upon conversion of convertible debt	$ 15,094
Issuance of common stock upon conversion of convertible debt, Shares \| shares	15,094
Issuance of common stock under stock incentive plan and related tax effect	$ 7,193
Issuance of common stock under stock incentive plan and related tax effect, Shares \| shares	7,193
Common stock repurchased	$ (15,866)
Common stock repurchased, Shares \| shares	(15,866)
Ending Balance	$ 419,709
Shares, Ending Balance \| shares	419,709
Additional Paid-in Capital
Comprehensive income:
Restricted stock awards granted	$ (466)
Amortization of share-based compensation expense	40,831
Issuance of common stock upon conversion of convertible debt	349,994
Issuance of common stock under stock incentive plan and related tax effect	158,995
Common stock repurchased	(514,635)
Ending Balance	34,719
Retained Earnings
Statement [Line Items]
Beginning Balance	1,939,516
Comprehensive income:
Net income	818,574
Cash dividends declared on common stock	(152,375)
Ending Balance	2,605,715
Accumulated Other Comprehensive Income (Loss)
Statement [Line Items]
Beginning Balance	(217,781)
Comprehensive income:
Gain due to foreign currency translation adjustments	94,187
Recognition of unfunded post retirement liabilities	(1,212)
Recognition of prior service cost and deferred gains	5,170
Ending Balance	$ (119,636)

Summary Of Significant Accounting Policies	9 Months Ended
Summary Of Significant Accounting Policies	Oct. 31, 2009
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 TJX for a fair presentation of its financial statements for the periods reported, all in accordance with generally accepted accounting principles 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 31, 2009 (“fiscal 2009”). The results for the first nine months 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 $15.0 million for the quarter ended October 31, 2009 and $13.4 million for the quarter ended October 25, 2008. Total share-based compensation expense was $40.8 million for the nine months ended October 31, 2009 and $38.1 million for the nine months ended October 25, 2008. These amounts include stock option expense as well as restricted stock amortization. There were options to purchase 3.8 million shares of common stock exercised during the third quarter and options to purchase 7.3 million shares of common stock exercised for the nine months ended October 31, 2009. There were options to purchase 28.7 million shares of common stock outstanding as of October 31, 2009. 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 includes an accrual for in-transit inventory of $451.6 million at October 31, 2009 and $409.9 million at October 25, 2008. A liability for a comparable amount is included in accounts payable for the respective period. New Accounting Standards — In April 2009, the Financial Accounting Standards Board (“FASB”) issued guidance intended to provide additional application guidance and enhance disclosures regarding fair value measurements and impairments of securities, all of which are effective for interim and annual periods ending after June 15, 2009. The FASB provided guidelines for making fair value measurements more consistent with other guidance when the volume and level of activity of an asset or liability has significantly decreased from normal market activity. The FASB also required interim reporting of fair value disclosures, provided additional guidance in determining whether a debt security is other-than-temporarily impaired and expanded the disclosures of other-than-temporarily impaired debt and equity securities. The adoption of this guidance did not have a material effect on TJX’s financial condition, results of operations or cash flows. Reclassifications — Certain immaterial amounts in the prior period statements of income have been reclassified from “selling, general and administrative expenses” to “cost of sales, including buying and occupancy costs” to be consistent with the fiscal 2010 presentation.

Earnings Per Share and Capital Stock

9 Months Ended

Oct. 31, 2009

Earnings Per Share and Capital Stock [Abstract]

Earnings Per Share and Capital stock

Note E. Earnings Per Share and Capital Stock

The computation of TJX’s basic and diluted earnings per share (EPS) is as follows:


	Thirteen Weeks Ended
	October 31,		October 25,
In thousands, except per share data	2009		2008
Basic earnings per share
Income from continuing operations	$	347,799	$	254,117
Weighted average common shares outstanding for basic EPS		421,654		417,107

Basic earnings per share — continuing operations	$	0.82	$	0.61

Diluted earnings per share
Income from continuing operations	$	347,799	$	254,117
Add back: Interest expense on zero coupon convertible subordinated notes, net of income taxes		—		1,203

Income from continuing operations used for diluted EPS calculation	$	347,799	$	255,320


Shares for basic and diluted earnings per share calculations:
Weighted average common shares outstanding for basic EPS		421,654		417,107
Assumed conversion/exercise/vesting of:
Stock options and awards		6,438		6,788
Zero coupon convertible subordinated notes		—		16,854

Weighted average common shares outstanding for diluted EPS		428,092		440,749


Diluted earnings per share — continuing operations	$	0.81	$	0.58


	Thirty-Nine Weeks Ended
	October 31,		October 25,
In thousands, except per share data	2009		2008
Basic earnings per share
Income from continuing operations	$	818,574	$	664,190
Weighted average common shares outstanding for basic EPS		419,398		421,371

Basic earnings per share — continuing operations	$	1.95	$	1.58

Diluted earnings per share
Income from continuing operations	$	818,574	$	664,190
Add back: Interest expense on zero coupon convertible subordinated notes, net of income taxes		1,073		3,600

Income from continuing operations used for diluted EPS calculation	$	819,647	$	667,790


Shares for basic and diluted earnings per share calculations:
Weighted average common shares outstanding for basic EPS		419,398		421,371
Assumed conversion/exercise/vesting of:
Stock options and awards		5,537		7,504
Zero coupon convertible subordinated notes		5,201		16,888

Weighted average common shares outstanding for diluted EPS		430,136		445,763


Diluted earnings per share — continuing operations	$	1.91	$	1.50

FASB guidance related to “Participating Securities and Two-Class Ordinary (Common) Shares” was applicable for TJX beginning with the first quarter of fiscal 2010. The adoption had no impact on TJX’s financial statements.

Weighted average common shares for diluted earnings per share exclude the incremental effect related to any outstanding stock options, the exercise prices of which are 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 options to purchase 4.8 million shares excluded for the thirteen weeks and options to purchase 9.6 million shares excluded for the thirty-nine weeks ended October 31, 2009. There were 5.2 million options excluded for the thirteen and thirty-nine weeks ended October 25, 2008.

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.

During the quarter ended October 31, 2009, TJX repurchased and retired 8.2 million shares of its common stock at a cost of $303.9 million. For the nine months ended October 31, 2009, TJX repurchased and retired 16.1 million shares of its common stock at a cost of $540.6 million. TJX reflects stock repurchases in its financial statements on a “settlement” basis. TJX had cash expenditures under its repurchase programs of $530.5 million for the nine months ended October 31, 2009, and $667.1 million for the nine-month period last year. Repurchases were funded by cash generated from operations and, in fiscal 2010, the net proceeds from the issuance of $375 million aggregate principal amount of 6.95% notes. Under the $1 billion stock repurchase program authorized in February 2008, TJX repurchased 25.0 million shares of common stock at a cost of $795.7 million through the third quarter of fiscal 2010. All shares repurchased under the stock repurchase program have been retired. In September 2009, the Board of Directors approved a new $1 billion stock repurchase program, which is in addition to the $204.3 million remaining at October 31, 2009 under the $1 billion plan authorized in February 2008.

Financial Instruments

9 Months Ended

Oct. 31, 2009

Financial Instruments [Abstract]

Financial Instruments

Note F. 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.

Interest Rate Contracts — At October 31, 2009, TJX had interest rate swap agreements outstanding with a notional amount of $100 million. The agreements entitle TJX to receive biannual payments of interest at a fixed rate of 7.45% and to pay a floating rate of interest indexed to the six-month LIBOR rate with no exchange of the underlying notional amounts. The interest rate swap agreements converted a portion of TJX’s long-term debt from a fixed-rate obligation to a floating-rate obligation. TJX designated the interest rate swap agreements as a fair value hedge of the related long-term debt. The interest rate swap agreements expire in December 2009.

Diesel Fuel Contracts — During fiscal 2009, TJX entered into agreements to hedge approximately 30% of its notional diesel fuel requirements for fiscal 2010, based on estimated diesel fuel consumption by independent freight carriers transporting the Company’s inventory. These carriers charge TJX mileage surcharges for diesel fuel price increases as incurred by the freight carrier. The hedge agreements were 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. All of the diesel fuel hedge agreements expire in February 2010.

Foreign Currency Contracts — TJX enters into forward foreign currency exchange contracts to obtain economic hedges on firm U.S. dollar and Euro-denominated merchandise purchase commitments made by its Canadian and European operations. The contracts outstanding at October 31, 2009 covered a portion of the anticipated merchandise purchases for the remainder of fiscal 2010 and into 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 which is reflected in selling, general and administrative expenses.

Following is a summary of TJX’s derivative financial instruments and related fair values outstanding at October 31, 2009:


														Net Fair
														Value in
							Blended							US$ at
							Contract	Balance Sheet	Asset		(Liability)			October
In thousands		Pay			Receive		Rate	Location	US$		US$			31, 2009
Derivatives designated as hedging instruments
Fair value hedges
Interest rate swap fixed to floating on notional of $50,000	LIBOR+4.17		%		7.45	%	N/A	Prepaid Expense	$	650				$	650

Interest rate swap fixed to floating on notional of $50,000		LIBOR+3.42	%		7.45	%	N/A	Prepaid Expense		840					840

Intercompany balances, primarily short-term debt and related interest	C$	96,450		US$	89,161		0.9244	Prepaid Expense/ (Accrued Expense)		499	$	(283	)		216

Derivatives not designated as hedging instruments
Diesel contracts		Fixed on 750K gal per month			Float on 750K gal per month		N/A	(Accrued Expense)				(582	)		(582	)

Merchandise purchase commitments
	C$	211,650		US$	198,601		0.9383	Prepaid Expense or Other Assets/ (Accrued Exp)		4,605		(1,143	)		3,462
	C$	1,896		€	1,200		0.6329	Prepaid Expense		18					18
	£	39,217		US$	63,393		1.6165	Prepaid Expense/ (Accrued Exp)		276		(1,411	)		(1,135	)
	£	40,521		€	44,461		1.0972	Prepaid Expense/ (Accrued Exp)		449		(1,748	)		(1,299	)
	US$	863		€	586		0.6790	Prepaid Expense/ (Accrued Exp)		8		(9	)		(1	)


Total fair value of all financial instruments														$	2,169

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. Following are the balance sheet classifications of the fair values of TJX’s derivatives:


	October 31,
In thousands	2009
Current assets	$	6,398
Non-current assets		947
Current liabilities		(5,176	)
Non-current liabilities		—

Net fair value asset	$	2,169

The impact of derivative financial instruments on statements of income during fiscal 2010 is as follows:


		Amount of Gain
		(Loss)
	Location of Gain (Loss)	Recognized in
	Recognized in Income by	Income by
In thousands	Derivative	Derivative
Derivatives designated as hedging instruments
Fair value hedges

Interest rate swap fixed to floating on notional of $50,000	Interest expense, net	US$	892

Interest rate swap fixed to floating on notional of $50,000	Interest expense, net	US$	1,176

Intercompany balances, primarily short-term debt and related interest	Selling, general and administrative expenses	US$	(6,491	)
Derivatives not designated as hedging instruments
Diesel contracts	Cost of sales, including buying and occupancy costs	US$	4,349
Merchandise purchase commitments	Cost of sales, including buying and occupancy costs	US$	(3,073	)

Loss Recognized in Income			(3,147	)

The counterparties to the forward exchange contracts and swap agreements are major international financial institutions, and the contracts contain rights of offset, which help minimize TJX’s exposure to credit loss in the event of nonperformance by one of the counterparties. TJX is not required by the counterparties, and TJX does not require that the 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 the nonperformance of these institutions.

Segment Information

9 Months Ended

Oct. 31, 2009

Segment Information [Abstract]

Segment Information

Note G. Segment Information

In the United States, T.J. Maxx and Marshalls stores are aggregated as the Marmaxx segment, and HomeGoods and A.J. Wright each is reported as a separate segment. TJX’s stores operated in Canada (Winners and HomeSense) are reported in the TJX Canada segment, and TJX’s stores operated in Europe (T.K. Maxx and HomeSense) are reported in the TJX Europe segment. TJX evaluates the performance of its segments based on “segment profit or loss,” which TJX 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 TJX’s performance or as a measure of liquidity.

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


	Thirteen Weeks Ended
	October 31,		October 25,
In thousands	2009		2008
Net sales:
U.S. segments:
Marmaxx	$	3,380,543	$	3,058,207
HomeGoods		452,004		382,864
A.J. Wright		197,841		163,713
International segments:
TJX Canada		611,485		576,971
TJX Europe		603,073		579,775

	$	5,244,946	$	4,761,530


Segment profit (loss):
U.S. segments:
Marmaxx	$	422,754	$	278,661
HomeGoods		39,454		14,675
A.J. Wright		1,273		(788	)
International segments:
TJX Canada		113,011		109,782
TJX Europe		48,790		48,212

		625,282		450,542

General corporate expenses		46,612		33,835
Provision (credit) for Computer Intrusion related costs		—		(7,000	)
Interest expense, net		12,665		5,449

Income from continuing operations before provision for income taxes	$	566,005	$	418,258


	Thirty-Nine Weeks Ended
	October 31,		October 25,
In thousands	2009		2008
Net sales:
U.S. segments:
Marmaxx	$	9,464,356	$	8,817,687
HomeGoods		1,256,736		1,096,726
A.J. Wright		559,162		478,432
International segments:
TJX Canada		1,531,248		1,604,049
TJX Europe		1,535,196		1,622,586

	$	14,346,698	$	13,619,480


Segment profit (loss):
U.S. segments:
Marmaxx	$	1,111,775	$	855,222
HomeGoods		79,559		25,738
A.J. Wright		7,057		(2,438	)
International segments:
TJX Canada		180,709		211,068
TJX Europe		82,803		63,420

		1,461,903		1,153,010

General corporate expenses		115,062		98,061
Provision (credit) for Computer Intrusion related costs		—		(7,000	)
Interest expense, net		28,515		9,764

Income from continuing operations before provision for income taxes	$	1,318,326	$	1,052,185

Income Taxes	9 Months Ended
Income Taxes	Oct. 31, 2009
Income Taxes [Abstract]
Income Taxes	Note J. Income Taxes TJX had unrecognized tax benefits of $119.9 million as of October 31, 2009 and $136.1 million as of October 25, 2008. The effective income tax rate was 38.6% for the fiscal 2010 third quarter compared to 39.2% for last year’s third quarter, primarily due to the unfavorable impact last year of foreign currency gains and losses on certain intercompany loans between TJX and Winners. The effective income tax rate for the nine months ended October 31, 2009 was 37.9% as compared to 36.9% for last year’s comparable period as a result of the absence in fiscal 2010 of tax benefits included in the fiscal 2009 effective rate, partially offset by the favorable impact in the current year due to the tax treatment of foreign exchange gains on certain intercompany loans. The nine months ended October 25, 2008 included a $15 million reversal of several uncertain tax positions as a result of federal and state filings and a $4 million benefit due to revised guidance on the deductibility of performance-based pay for executive officers and on tax benefits relating to TJX’s Puerto Rican subsidiary. 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 $50.0 million as of October 31, 2009 and $46.9 million as of October 25, 2008. 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 $5.0 million to $70.0 million.

Disclosures about Fair Value of Financial Instruments

9 Months Ended

Oct. 31, 2009

Disclosures about Fair Value of Financial Instruments [Abstract]

Disclosures about Fair Value of Financial Instruments

Note K. 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). Authoritative guidance 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 less 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. Financial assets and liabilities are classified 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 generally 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:


	October 31,		January 31,		October 25,
In thousands	2009		2009		2008

Level 1
Assets:
Cash equivalents	$	830,405	$	161,592	$	60,893
Executive savings plan		52,981		40,636		39,771

Level 2
Assets:
Foreign currency exchange contracts	$	5,855	$	9,534	$	154,838
Interest rate swaps		1,490		1,859		1,250

Liabilities:
Foreign currency exchange contracts	$	4,594	$	1,435	$	65,777
Diesel fuel contracts		582		4,931		—
Interest rate swaps		—		—		386

The fair value of TJX’s general corporate debt, including current installments, was estimated by obtaining market value quotes given the trading levels of other bonds of the same general issuer type and market perceived credit quality. The fair value of the current installments of long-term debt at October 31, 2009 was $201.9 million versus a carrying value of $200.4 million. The fair value of long-term debt at that date was $853.5 million versus a carrying value of $774.3 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.

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

Our executive savings plan is invested in securities traded in active markets and carried 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 it deems appropriate, TJX seeks to manage risks 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, and TJX has not used leveraged derivative financial instruments. The forward foreign currency exchange contracts and interest rate swaps are valued using broker quotations which include observable market information and, in the instance of one contract, proprietary models. TJX makes no adjustments to quotes or prices obtained from brokers or pricing services but assesses the credit risk of counterparties and adjusts 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.

Label	Element	Value
Recognition of prior service cost and deferred gains	us-gaap_OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax	$ (5,170,000)
Issuance of common stock under stock incentive plan and related tax effect	us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation	166,188,000
Other Comprehensive Income, Foreign Currency Transaction and Translation Adjustment, Net of Tax	us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease	94,187,000
Recognition of unfunded post retirement liabilities	us-gaap_OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax	1,212,000
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition, Value	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	40,831,000
Common stock repurchased	us-gaap_StockRepurchasedDuringPeriodValue	(530,501,000)
Issuance of common stock upon conversion of convertible debt	us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	365,088,000
Total comprehensive income	us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	916,719,000
Cash dividends declared on common stock	us-gaap_DividendsCommonStockCash	$ (152,375,000)

Long Term Debt and Credit Lines	9 Months Ended
Long Term Debt and Credit Lines	Oct. 31, 2009
Long-Term Debt and Credit Lines [Abstract]
Long-Term Debt & Credit Lines	Note I. Long-Term Debt and Credit Lines TJX has a $500 million revolving credit facility maturing in May 2010 and a $500 million revolving credit facility maturing in May 2011. TJX pays six basis points on an annual basis in commitment fees related to both of these facilities. These agreements have no compensating balance requirements and have various covenants including a requirement of a specified ratio of debt to earnings. These agreements serve as backup to TJX’s commercial paper program. TJX had no borrowings outstanding at October 31, 2009 and had $105.9 million of commercial paper borrowings outstanding as of October 25, 2008. The availability under revolving credit facilities was $1 billion at October 31, 2009 and $894.1 million at October 25, 2008. On April 7, 2009, TJX issued $375 million aggregate principal amount of 6.95% ten-year notes and shortly thereafter called for the redemption of its zero coupon convertible subordinated notes, originally due in 2021. Virtually all of the subordinated notes were converted into 15.1 million shares of TJX common stock by May 8, 2009, at the rate of 32.667 shares per $1,000 note. TJX used the proceeds from the 6.95% notes offering to repurchase additional common stock under its stock repurchase program in fiscal 2010. 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 expects to use the remainder, together with funds from operations, to pay its $200 million 7.45% notes due December 15, 2009 at maturity.

Balance Sheets (Parenthetical) - USD ($)	Oct. 31, 2009	Jan. 31, 2009	Oct. 25, 2008
ASSETS
Property under capital lease, accumulated amortization	$ 18,799,000	$ 17,124,000	$ 16,565,000
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	419,708,634	412,821,592	416,340,031
Common stock, shares outstanding	419,708,634	412,821,592	416,340,031