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	August 4, 2018			July 29, 2017			August 4, 2018		July 29, 2017
Service cost	$	11,613		$	11,804		$	611	$	587
Interest cost	13,965			13,759			853		843
Expected return on plan assets	(20,962		)	(17,382		)	—		—
Recognized actuarial losses	3,114			5,574			821		833
Total expense	$	7,730		$	13,755		$	2,285	$	2,263



	Funded Plan						Unfunded Plan
	Twenty-Six Weeks Ended						Twenty-Six Weeks Ended
In thousands	August 4, 2018			July 29, 2017			August 4, 2018		July 29, 2017
Service cost	$	23,226		$	23,609		$	1,222	$	1,175
Interest cost	27,930			27,518			1,706		1,686
Expected return on plan assets	(41,924		)	(34,764		)	—		—
Recognized actuarial losses	6,228			11,154			1,642		1,664
Total expense	$	15,460		$	27,517		$	4,570	$	4,525

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 as is sufficient to avoid restrictions with respect to the funding of nonqualified plans under the Internal Revenue Code. We do not anticipate any required funding in fiscal 2019 for the funded plan. We anticipate making contributions of $2.5 million to provide current benefits coming due under the unfunded plan in fiscal 2019.

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.