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Pension Plans and Other Retirement Benefits (Tables)
9 Months Ended
Oct. 28, 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

   October 28,
2017
     October 29,
2016
     October 28,
2017
     October 29,
2016
 

Service cost

   $ 11,655      $ 11,360      $ 403      $ 293  

Interest cost

     13,866        14,023        820        793  

Expected return on plan assets

     (17,309      (17,633      —          —    

Recognized actuarial losses

     5,428        7,943        641        783  
  

 

 

    

 

 

    

 

 

    

 

 

 

Expense related to current period

     13,640        15,693        1,864        1,869  

Pension settlement charge

     —          31,173        —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total expense

   $ 13,640      $ 46,866      $ 1,864      $ 1,869  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     Funded Plan      Unfunded Plan  
     Thirty-Nine Weeks Ended      Thirty-Nine Weeks Ended  

In thousands

   October 28,
2017
     October 29,
2016
     October 28,
2017
     October 29,
2016
 

Service cost

   $ 35,264      $ 33,778      $ 1,578      $ 1,376  

Interest cost

     41,384        42,747        2,506        2,543  

Expected return on plan assets

     (52,073      (53,503      —          —    

Recognized actuarial losses

     16,582        22,362        2,305        2,512  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic pension cost

     41,157        45,384        6,389        6,431  

Pension settlement charge

     —          31,173        —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total expense

   $ 41,157      $ 76,557      $ 6,389      $ 6,431