Pension Plans and Other Retirement Benefits

6 Months Ended

Jul. 28, 2012

Pension Plans and Other Retirement Benefits

Note G. Pension Plans and Other Retirement Benefits

Presented below is financial information related to TJX’s funded defined benefit retirement plan (funded plan) and its unfunded supplemental pension plan (unfunded plan) for the periods shown.

	Pension (Funded Plan)						Pension (Unfunded Plan)
	Thirteen Weeks Ended						Thirteen Weeks Ended
In thousands	July 28, 2012			July 30, 2011			July 28, 2012		July 30, 2011
Service cost	$	9,825		$	8,250		$	339	$	267
Interest cost		10,263			9,453			570		625
Expected return on plan assets		(13,926	)		(12,260	)		—		—
Amortization of prior service cost		—			—			1		1
Recognized actuarial losses		7,097			2,313			475		207
Total expense	$	13,259		$	7,756		$	1,385	$	1,100

	Pension (Funded Plan)						Pension (Unfunded Plan)
	Twenty-Six Weeks Ended						Twenty-Six Weeks Ended
In thousands	July 28, 2012			July 30, 2011			July 28, 2012		July 30, 2011
Service cost	$	19,651		$	16,500		$	679	$	533
Interest cost		20,525			18,906			1,140		1,249
Expected return on plan assets		(27,853	)		(24,519	)		—		—
Amortization of prior service cost		—			—			2		2
Recognized actuarial losses		14,195			4,626			950		414
Total expense	$	26,518		$	15,513		$	2,771	$	2,198

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 2013 for the funded plan. TJX anticipates making payments of $3.4 million to provide current benefits coming due under the unfunded plan in fiscal 2013.