Financial Instruments (Tables)

3 Months Ended

Apr. 30, 2011

Financial Instruments [Abstract]

Derivative financial instruments and related fair values

					Blended			Current		Current			Net Fair Value
					Contract		Balance Sheet	Asset		(Liability)			in US$ at
In thousands	Pay		Receive		Rate		Location	US$		US$			April 30, 2011
Hedge accounting not elected
Intercompany balances, primarily short-term debt							Prepaid Exp /
	£	70,000	C$	110,907		1.5844	(Accrued Exp)	$	471	$	(122	)	$	349
	€	25,000	£	21,265		0.8506	(Accrued Exp)		—		(1,367	)		(1,367	)
							Prepaid Exp /
	€	65,292	US$	86,985		1.3322	(Accrued Exp)		13		(9,042	)		(9,029	)
	US$	85,894	£	55,000		0.6403	Prepaid Exp		5,640		—			5,640
Diesel fuel contracts	Fixed on 5.7M gal		Float on 5.7M gal
	per month		per month			N/A	Prepaid Exp		2,008		—			2,008
Merchandise purchase commitments
	C$	407,470	US$	410,100		1.0065	(Accrued Exp)		—		(19,962	)		(19,962	)
	C$	7,821	€	5,800		0.7416	Prepaid Exp		308					308
	£	51,736	US$	83,500		1.6140	(Accrued Exp)		—		(2,876	)		(2,876	)
	£	5,827	€	7,000		1.2013	Prepaid Exp		620		—			620
	€	4,323	US$	5,950		1.3764	(Accrued Exp)		—		(446	)		(446	)
	€	2,359	£	2,000		0.8478	(Accrued Exp)		—		(152	)		(152	)
	US$	1,257	€	911		0.7247	Prepaid Exp		90		—			90
Total fair value of all financial instruments								$	9,150	$	(33,967	)	$	(24,817	)

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

					Blended								Net Fair Value
					Contract		Balance Sheet	Current		Current			in US$ at
In thousands	Pay		Receive		Rate		Location	Asset US$		(Liability) US$			May 1, 2010
Hedge accounting not elected
Diesel fuel contracts	Fixed on 260K-		Float on 260K-
	520K gal per month		520K gal per month			N/A	Prepaid Exp	$	940	$	—		$	940
Merchandise purchase commitments							Prepaid Exp /
	C$	313,797	US$	307,012		0.9784	(Accrued Exp)		2,073		(3,149	)		(1,076	)
	C$	6,379	€	4,650		0.7290	(Accrued Exp)		—		(85	)		(85	)
							Prepaid Exp /
	£	86,258	US$	132,236		1.5330	(Accrued Exp)		641		(109	)		532
	£	81,848	€	92,868		1.1346	(Accrued Exp)		—		(1,496	)		(1,496	)
	US$	1,639	€	1,167		0.7133	(Accrued Exp)		—		(88	)		(88	)
Total fair value of all financial instruments								$	3,654	$	(4,927)		$	(1,273)

Impact of derivative financial instruments on statements of income

	Location of Gain (Loss)
	Recognized in Income by	Amount of Gain (Loss) Recognized
	Derivative	in Income by Derivative
In thousands		April 30, 2011			May 1, 2010
Fair value hedges:
Intercompany balances, primarily short-term debt and related interest	Selling, general and administrative expenses	$	(3,169	)	$	—
Hedge accounting not elected:
Diesel fuel contracts	Cost of sales, including buying and occupancy costs		1,262			1,382
Merchandise purchase commitments	Cost of sales, including buying and occupancy costs		(20,243	)		(6,826	)
Gain (loss) recognized in income		$	(22,150	)	$	(5,444	)