Stock Incentive Plan (Tables)

12 Months Ended

Jan. 31, 2015

Schedule of Estimated Fair Value of Options as of Grant Date by Using Black-Scholes Option Pricing Model

The fair value of options is estimated as of the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:

	Fiscal Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013
Risk-free interest rate		1.79	%		1.42	%		0.70	%
Dividend yield		1.2	%		1.0	%		1.0	%
Expected volatility factor		24.2	%		25.9	%		29.0	%
Expected option life in years		4.5			4.4			4.5
Weighted average fair value of options issued	$	12.00		$	11.92		$	10.28

Schedule of Stock Options and Related Weighted Average Exercise Prices

Stock Options: A summary of the status of TJX’s stock options and related weighted average exercise prices (“WAEP”) is presented below (shares in thousands):

	Fiscal Year Ended
	January 31, 2015					February 1, 2014					February 2, 2013
	Options			WAEP		Options			WAEP		Options			WAEP
												(53 weeks)
Outstanding at beginning of year		32,628		$	28.30		36,620		$	22.31		40,944		$	18.27
Granted		4,849			59.70		4,742			56.71		4,951			45.09
Exercised		(6,981	)		20.39		(8,258	)		17.71		(8,385	)		15.90
Forfeitures		(418	)		48.76		(476	)		34.74		(890	)		23.35
Outstanding at end of year		30,078		$	34.91		32,628		$	28.30		36,620		$	22.31
Options exercisable at end of year		21,001		$	25.75		22,473		$	20.19		24,050		$	17.02

Schedule of Stock Options Outstanding Expected to Vest and Stock Options Outstanding Exercisable

The following table summarizes information about stock options outstanding that were expected to vest and stock options outstanding that were exercisable as of January 31, 2015:

Shares in thousands	Shares		Aggregate Intrinsic Value		Weighted Average Remaining Contract Life		WAEP
Options outstanding expected to vest		8,354	$	81,276		9.0 years	$	56.21
Options exercisable		21,001	$	843,971		5.3 years	$	25.75
Total outstanding options vested and expected to vest		29,355	$	925,247		6.3 years	$	34.42

Summary of Nonvested Performance-Based Stock Awards

A summary of the status of our nonvested performance-based stock awards and changes during fiscal 2015 is presented below:

Shares in thousands	Restricted and Deferred Awards			Weighted Average Grant Date Fair Value
Nonvested at beginning of year		1,806		$	41.85
Granted		718			62.85
Vested		(654	)		32.68
Forfeited		(60	)		51.81
Nonvested at end of year		1,810		$	53.16