The TJX Companies, Inc. (TJX) 10-Q 26 May 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Apr. 29, 2017shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 29, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	TJX
Entity Registrant Name	TJX COMPANIES INC /DE/
Entity Central Index Key	109,198
Current Fiscal Year End Date	--02-03
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	643,276,269

Consolidated Statements of Inco

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 Comp

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 Com4

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

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 (Pa

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

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 Share

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 Accounti

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: 10-K 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: 53-week 52-week Share-Based Compensation: Cash and Cash Equivalents Merchandise Inventories in-transit Recently Issued Accounting Standards e-commerce 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: paid-in

Property at Cost

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, January 28, April 30, 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

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 Deferred Cash Flow Accumulated 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

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: 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: 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.

Financial Instruments

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, Diesel Fuel Contracts: Foreign Currency 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 Balance Sheet Current Asset Current Net Fair 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 – 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 / 162 (19 ) 143 zł 269,048 £ 52,774 0.1962 Prepaid 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 Balance Sheet Current Asset Current Net Fair 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 – 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 / 2,027 (3,635 ) (1,608 ) zł 216,245 £ 38,136 0.1764 Prepaid 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 Location of Gain (Loss) Thirteen Weeks Ended In thousands 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

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, January 28, April 30, 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.

Segment Information

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 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 Presented below is financial information with respect to TJX’s business segments: Thirteen Weeks Ended In thousands April 29, April 30, 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 Retirem

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, April 30, April 29, April 30, 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

Long-Term Debt and Credit Lines

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, January 28, April 30, 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 At April 29, 2017, TJX also had outstanding $500 million aggregate principal amount of 2.50% ten-year pre-tax 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

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 Cont

Contingent Obligations and Contingencies	3 Months Ended
	Apr. 29, 2017
Contingent Obligations and Contingencies	Note K. Contingent Obligations and Contingencies Contingent Obligations: 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: off-the-clock

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 29, 2017
Basis of Presentation	Basis of Presentation: 10-K 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: 53-week 52-week
Share-Based Compensation	Share-Based Compensation:
Cash and Cash Equivalents	Cash and Cash Equivalents
Merchandise Inventories	Merchandise Inventories in-transit
Recently Issued and Adopted Accounting Standards	Recently Issued Accounting Standards e-commerce 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: paid-in

Property at Cost (Tables)

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, January 28, April 30, 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 Comprehensi22

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 Deferred Cash Flow Accumulated 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 pe23

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)

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 Balance Sheet Current Asset Current Net Fair 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 – 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 / 162 (19 ) 143 zł 269,048 £ 52,774 0.1962 Prepaid 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 Balance Sheet Current Asset Current Net Fair 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 – 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 / 2,027 (3,635 ) (1,608 ) zł 216,245 £ 38,136 0.1764 Prepaid 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 Location of Gain (Loss) Thirteen Weeks Ended In thousands 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 25

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, January 28, April 30, 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)

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, April 30, 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 Retir27

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	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, April 30, April 29, April 30, 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 Lin28

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, January 28, April 30, 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

Summary of Significant Accoun29

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands, shares in Millions	3 Months Ended		12 Months Ended
	Apr. 29, 2017USD ($)Locationshares	Apr. 30, 2016USD ($)	Jan. 28, 2017USD ($)	Jan. 30, 2016USD ($)
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

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 I

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	$ 658.8
Reduction in accumulated depreciation and amortization		$ (840)

Changes in Accumulated Other Co

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 33

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 pe34

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	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 Dilute

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 - Additio

Financial Instruments - Additional Information (Detail)	3 Months Ended
	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

Summary of Derivative Financial Instruments Related Fair Value and Balance Sheet Classification (Detail) € in Thousands, £ in Thousands, PLN in Thousands, CAD in Thousands, AUD in Thousands, $ in Thousands	Apr. 29, 2017USD ($)	Apr. 29, 2017CAD	Apr. 29, 2017GBP (£)	Apr. 29, 2017PLN	Apr. 29, 2017EUR (€)	Apr. 29, 2017AUD	Apr. 30, 2016USD ($)	Apr. 30, 2016CAD	Apr. 30, 2016GBP (£)	Apr. 30, 2016PLN	Apr. 30, 2016EUR (€)
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 | PLN				PLN 67,000						PLN 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 | AUD						AUD 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 | PLN										PLN 87,073
Hedge accounting not elected, Receive | CAD								CAD 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 | CAD								CAD 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 | CAD								CAD 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 | CAD		CAD 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 | CAD		CAD 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 | PLN				PLN 269,048						PLN 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 | AUD						AUD 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

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

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 40

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 - Additiona

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

Financial Information on Busine

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 t

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 Retir44

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 Cu

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 46

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 Lin47

Long-Term Debt and Credit Lines - Additional Information (Detail)	Sep. 12, 2016USD ($)	Apr. 29, 2017USD ($)CreditFacility	Apr. 29, 2017CADCreditFacility	Apr. 29, 2017GBP (£)CreditFacility	Jan. 28, 2017USD ($)	Jan. 28, 2017CAD	Jan. 28, 2017GBP (£)	Apr. 30, 2016USD ($)	Apr. 30, 2016CAD	Apr. 30, 2016GBP (£)
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 | CAD			CAD 10,000,000			CAD 10,000,000			CAD 10,000,000
Credit facilities, amount outstanding | CAD			0			0			0
TJX Canada | Letter of Credit
Debt Instrument [Line Items]
Current borrowing capacity | CAD			10,000,000			10,000,000			10,000,000
Credit facilities, amount outstanding | CAD			CAD 0			CAD 0			CAD 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 Infor

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 Co49

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