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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 1 - us-gaap:SignificantAccountingPoliciesTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt">
<!-- xbrl,ns -->
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note A. Summary of Significant Accounting Policies</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Basis of Presentation — </i>The consolidated interim financial statements are unaudited and, in the
opinion of management, reflect all normal recurring adjustments, the use of retail statistics, and
accruals and deferrals among periods required to match costs properly with the related revenue or
activity, considered necessary by TJX for a fair presentation of its financial statements for the
periods reported, all in accordance with generally accepted accounting principles consistently
applied. The consolidated interim financial statements should be read in conjunction with the
audited consolidated financial statements, including the related notes, contained in TJX’s Annual
Report on Form 10-K for the fiscal year ended January 31, 2009 (“fiscal 2009”).
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The results for the first nine months are not necessarily indicative of results for the full fiscal
year, because TJX’s business, in common with the businesses of retailers generally, is subject to
seasonal influences, with higher levels of sales and income generally realized in the second half
of the year.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Share-Based Compensation — </i>Total share-based compensation expense was $15.0 million for the quarter
ended October 31, 2009 and $13.4 million for the quarter ended October 25, 2008. Total share-based
compensation expense was $40.8 million for the nine months ended October 31, 2009 and $38.1 million
for the nine months ended October 25, 2008. These amounts include stock option expense as well as
restricted stock amortization. There were options to purchase 3.8 million shares of common stock
exercised during the third quarter and options to purchase 7.3 million shares of common stock
exercised for the nine months ended October 31, 2009. There were options to purchase 28.7 million
shares of common stock outstanding as of October 31, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Cash and Cash Equivalents — </i>TJX generally considers highly liquid investments with a maturity of
three months or less at the date of purchase to be cash equivalents. Investments with maturities
greater than three months but less than a year at the date of purchase are included in short-term
investments. TJX’s investments are primarily high-grade commercial paper, government and corporate
bonds, institutional money market funds and time deposits with major banks.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Merchandise Inventories — </i>TJX accrues for inventory purchase obligations at the time of shipment by
the vendor. As a result, merchandise inventories on TJX’s balance sheet includes an accrual for
in-transit inventory of $451.6 million at October 31, 2009 and $409.9 million at October 25, 2008.
A liability for a comparable amount is included in accounts payable for the respective period.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>New Accounting Standards — </i>In April 2009, the Financial Accounting Standards Board (“FASB”) issued
guidance intended to provide additional application guidance and enhance disclosures regarding fair
value measurements and impairments of securities, all of which are effective for interim and annual
periods ending after June 15, 2009. The FASB provided guidelines for making fair value
measurements more consistent with other guidance when the volume and level of activity of an asset
or liability has significantly decreased from normal market activity. The FASB also required
interim reporting of fair value disclosures, provided additional guidance in determining whether a
debt security is other-than-temporarily impaired and expanded the disclosures of
other-than-temporarily impaired debt and equity securities. The adoption of this guidance did not
have a material effect on TJX’s financial condition, results of operations or cash flows.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Reclassifications — </i>Certain immaterial amounts in the prior period statements of income have been
reclassified from “selling, general and administrative expenses” to “cost of sales, including
buying and occupancy costs” to be consistent with the fiscal 2010 presentation.
</div>
</div>
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<!-- Begin Block Tagged Note 2 - us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note B. Discontinued Operations</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In fiscal 2009, TJX sold Bob’s Stores and recorded as a component of discontinued operations a loss
on disposal (including expenses relating to the sale) of $19.0 million, net of tax benefits of
$13.0 million. At October 31, 2009, TJX remained contingently liable on eight Bob’s Stores leases.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">TJX also reclassified the operating results of Bob’s Stores for all periods prior to the sale to be
discontinued operations. The following table presents the net sales, segment profit (loss) and
after-tax income (loss) from operations reclassified to discontinued operations for the thirteen
and thirty-nine weeks ended October 25, 2008 (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Thirteen</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Thirty-Nine</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">Weeks</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">Weeks</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net sales
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">20,573</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">148,040</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Segment profit (loss)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,234</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(25,524</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">After- tax income (loss) from operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">687</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(15,314</td>
<td nowrap="nowrap">)</td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 3 - us-gaap:CommitmentsAndContingenciesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note C. Commitments and Contingencies</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Provision for Computer Intrusion related costs — </i>TJX has a reserve for its estimate of the total
probable losses arising from an unauthorized intrusion or intrusions (the intrusion or intrusions,
collectively, the “Computer Intrusion”) into portions of its computer system, which was discovered
late in fiscal 2007 and in which TJX believes customer data were stolen. The reserve balance was
$25.2 million at October 31, 2009. As an estimate, the reserve is subject to uncertainty, actual
costs may vary from the current estimate and such variations may be material. TJX may decrease or
increase the amount of the reserve to adjust for developments in litigation, claims and related
expenses, insurance proceeds and changes in estimates.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Reserve for Discontinued Operations — </i>TJX has a reserve for future obligations of discontinued
operations that relates primarily to real estate leases associated with 34 discontinued A.J. Wright
stores that were closed in the fourth quarter of fiscal 2007, three leases related to the sale of
Bob’s Stores and leases of other TJX businesses. The balance in the reserve and the activity for
respective periods are presented below:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Thirty-Nine Weeks Ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 25,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance at beginning of year
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">40,564</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">46,076</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Additions to the reserve charged to net income:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Interest accretion
</div></td>
<td> </td>
<td> </td>
<td align="right">1,321</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,365</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash charges against the reserve:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Lease-related obligations
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,658</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,873</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Termination benefits and all other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(41</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance at end of period
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">38,186</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">41,568</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">TJX may also be contingently liable on up to 15 leases of BJ’s Wholesale Club, a former TJX
business, and on eight additional Bob’s Stores leases. The reserve for discontinued operations does
not reflect these leases because TJX does not believe that the likelihood of future liability to
TJX is probable.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 4 - us-gaap:ComprehensiveIncomeNoteTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note D. Other Comprehensive Income</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">TJX’s comprehensive income information is presented below:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Thirteen Weeks Ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 25,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">347,799</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">235,849</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other comprehensive income (loss):
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Loss due to foreign currency translation adjustments, net of
related tax effects
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,113</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(146,869</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Gain on net investment hedge contracts, net of related tax effects
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">87,982</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Gain on cash flow hedge contract, net of related tax effects
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">530</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Recognition of prior service cost and deferred gains (losses)
</div></td>
<td> </td>
<td> </td>
<td align="right">2,267</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(92</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Amount of cash flow hedge reclassified from other comprehensive
income to net income
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(170</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total comprehensive income
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">343,953</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">177,230</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Thirty-Nine Weeks Ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 25,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">818,574</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">629,921</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other comprehensive income (loss):
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Gain (loss) due to foreign currency translation adjustments, net
of related tax effects
</div></td>
<td> </td>
<td> </td>
<td align="right">94,187</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(147,841</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Gain on net investment hedge contracts, net of related tax effects
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">84,853</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Gain on cash flow hedge contract, net of related tax effects
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">856</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Recognition of unfunded post retirement liabilities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,212</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Recognition of prior service cost and deferred gains (losses)
</div></td>
<td> </td>
<td> </td>
<td align="right">5,170</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(905</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Amount of cash flow hedge reclassified from other comprehensive
income to net income
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(380</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total comprehensive income
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">916,719</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">566,504</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 5 - us-gaap:EarningsPerShareTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note E. Earnings Per Share and Capital Stock</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The computation of TJX’s basic and diluted earnings per share (EPS) is as follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Thirteen Weeks Ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 25,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands, except per share data</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Basic earnings per share</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income from continuing operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">347,799</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">254,117</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average common shares outstanding for basic EPS
</div></td>
<td> </td>
<td> </td>
<td align="right">421,654</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">417,107</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Basic earnings per share — continuing operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">0.82</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">0.61</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Diluted earnings per share</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income from continuing operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">347,799</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">254,117</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Add back: Interest expense on zero coupon convertible
subordinated notes, net of income taxes
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,203</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income from continuing operations used for diluted EPS calculation
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">347,799</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">255,320</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Shares for basic and diluted earnings per share calculations:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average common shares outstanding for basic EPS
</div></td>
<td> </td>
<td> </td>
<td align="right">421,654</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">417,107</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Assumed conversion/exercise/vesting of:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Stock options and awards
</div></td>
<td> </td>
<td> </td>
<td align="right">6,438</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,788</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Zero coupon convertible subordinated notes
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,854</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average common shares outstanding for diluted EPS
</div></td>
<td> </td>
<td> </td>
<td align="right">428,092</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">440,749</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Diluted earnings per share — continuing operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">0.81</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">0.58</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Thirty-Nine Weeks Ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 25,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands, except per share data</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Basic earnings per share</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income from continuing operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">818,574</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">664,190</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average common shares outstanding for basic EPS
</div></td>
<td> </td>
<td> </td>
<td align="right">419,398</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">421,371</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Basic earnings per share — continuing operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1.95</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.58</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Diluted earnings per share</i>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income from continuing operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">818,574</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">664,190</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Add back: Interest expense on zero coupon convertible
subordinated notes, net of income taxes
</div></td>
<td> </td>
<td> </td>
<td align="right">1,073</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,600</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income from continuing operations used for diluted EPS calculation
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">819,647</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">667,790</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Shares for basic and diluted earnings per share calculations:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average common shares outstanding for basic EPS
</div></td>
<td> </td>
<td> </td>
<td align="right">419,398</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">421,371</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Assumed conversion/exercise/vesting of:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Stock options and awards
</div></td>
<td> </td>
<td> </td>
<td align="right">5,537</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,504</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Zero coupon convertible subordinated notes
</div></td>
<td> </td>
<td> </td>
<td align="right">5,201</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,888</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average common shares outstanding for diluted EPS
</div></td>
<td> </td>
<td> </td>
<td align="right">430,136</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">445,763</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Diluted earnings per share — continuing operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1.91</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.50</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">FASB guidance related to “Participating Securities and Two-Class Ordinary (Common) Shares” was
applicable for TJX beginning with the first quarter of fiscal 2010. The adoption had no impact on
TJX’s financial statements.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Weighted average common shares for diluted earnings per share exclude the incremental effect
related to any outstanding stock options, the exercise prices of which are in excess of the related
fiscal period’s average price of TJX’s common stock. Such options are excluded because they would
have an antidilutive effect. There were options to purchase 4.8 million shares excluded for the
thirteen weeks and options to purchase 9.6 million shares excluded for the thirty-nine weeks ended
October 31, 2009. There were 5.2 million options excluded for the thirteen and thirty-nine weeks
ended October 25, 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In April 2009, TJX called for the redemption of its zero coupon convertible subordinated notes.
There were 462,057 of such notes with a carrying value of $365.1 million that were converted into 15.1
million shares of TJX common stock at a conversion rate of 32.667 shares per note, most during the
second quarter of fiscal 2010. TJX paid $2.3 million to redeem the remaining 2,886 notes
outstanding that were not converted.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">During the quarter ended October 31, 2009, TJX repurchased and retired 8.2 million shares of its
common stock at a cost of $303.9 million. For the nine months ended October 31, 2009, TJX
repurchased and retired 16.1 million shares of its common stock at a cost of $540.6 million. TJX
reflects stock repurchases in its financial statements on a “settlement” basis. TJX had cash
expenditures under its repurchase programs of $530.5 million for the nine months ended October 31,
2009, and $667.1 million for the nine-month period last year. Repurchases were funded by cash
generated from operations and, in fiscal 2010, the net proceeds from the issuance of $375 million
aggregate principal amount of 6.95% notes. Under the $1 billion stock repurchase program
authorized in February 2008, TJX repurchased 25.0 million shares of common stock at a cost of
$795.7 million through the third quarter of fiscal 2010. All shares repurchased under the stock
repurchase program have been retired. In September 2009, the Board of Directors approved a new $1
billion stock repurchase program, which is in addition to the $204.3 million remaining at October
31, 2009 under the $1 billion plan authorized in February 2008.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 6 - us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note F. Financial Instruments</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">TJX enters into financial instruments to manage its cost of borrowing and to manage its exposure to
changes in fuel costs and foreign currency exchange rates.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Interest Rate Contracts </i>— At October 31, 2009, TJX had interest rate swap agreements outstanding
with a notional amount of $100 million. The agreements entitle TJX to receive biannual payments of
interest at a fixed rate of 7.45% and to pay a floating rate of interest indexed to the six-month
LIBOR rate with no exchange of the underlying notional amounts. The interest rate swap agreements
converted a portion of TJX’s long-term debt from a fixed-rate obligation to a floating-rate
obligation. TJX designated the interest rate swap agreements as a fair value hedge of the related
long-term debt. The interest rate swap agreements expire in December 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Diesel Fuel Contracts </i>— During fiscal 2009, TJX entered into agreements to hedge approximately 30%
of its notional diesel fuel requirements for fiscal 2010, based on estimated diesel fuel
consumption by independent freight carriers transporting the Company’s inventory. These carriers
charge TJX mileage surcharges for diesel fuel price increases as incurred by the freight carrier.
The hedge agreements were designed to mitigate the volatility of diesel fuel pricing (and the
resulting per mile surcharges payable by TJX) by setting a fixed price per gallon for the year.
TJX elected not to apply hedge accounting rules to these contracts. All of the diesel fuel hedge
agreements expire in February 2010.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><i>Foreign Currency Contracts </i>— TJX enters into forward foreign currency exchange contracts to obtain
economic hedges on firm U.S. dollar and Euro-denominated merchandise purchase commitments made by
its Canadian and European operations. The contracts outstanding at October 31, 2009 covered a
portion of the anticipated merchandise purchases for the remainder of fiscal 2010 and into fiscal
2011. TJX elected not to apply hedge accounting rules to these contracts.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">TJX also enters into derivative contracts, generally designated as fair value hedges, to hedge
intercompany debt and intercompany interest payable. The changes in fair value of these contracts
are recorded in selling, general and administrative expenses and are offset by marking the
underlying item to fair value in the same period. Upon
settlement, the realized gains and losses on these contracts are offset by the realized gains and
losses of the underlying item which is reflected in selling, general and administrative expenses.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Following is a summary of TJX’s derivative financial instruments and related fair values
outstanding at October 31, 2009:
</div>
<div align="center">
<table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="23%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%">     </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Net Fair</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Value in</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1">Blended</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">US$ at</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="1">Contract</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Balance Sheet</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Asset</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">(Liability)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000">Pay</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000">Receive</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="1" style="border-bottom: 1px solid #000000">Rate</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">Location</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">US$</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">US$</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">31, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td colspan="5" align="left"><b>Derivatives designated as hedging instruments</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Fair value hedges</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest rate swap fixed to floating on notional of $50,000
</div></td>
<td> </td>
<td colspan="2" align="right">LIBOR+4.17</td>
<td>% </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">7.45</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">N/A</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="left">Prepaid Expense</td>
<td> </td>
<td align="left">$</td>
<td align="right">650</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">650</td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest rate swap fixed to floating on notional of $50,000
</div></td>
<td> </td>
<td> </td>
<td colspan="1" align="right">LIBOR+3.42</td>
<td>%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">7.45</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">N/A</td>
<td> </td>
<td> </td>
<td colspan="3" align="left">Prepaid Expense</td>
<td> </td>
<td> </td>
<td align="right">840</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">840</td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Intercompany balances, primarily short-term debt and related interest
</div></td>
<td> </td>
<td>C$</td>
<td align="right">96,450</td>
<td> </td>
<td> </td>
<td align="left">US$</td>
<td align="right">89,161</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.9244</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="left">Prepaid Expense/ (Accrued Expense)</td>
<td> </td>
<td> </td>
<td align="right">499</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(283</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">216</td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom">
<td colspan="5" align="left"><b>Derivatives not designated as hedging instruments</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="top" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Diesel contracts
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="center">Fixed on 750K gal <br />per month</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="center">Float on 750K gal <br />per month</td>
<td> </td>
<td> </td>
<td align="right">N/A</td>
<td> </td>
<td> </td>
<td colspan="3" align="left">(Accrued Expense)</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(582</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(582</td>
<td nowrap="nowrap">)</td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Merchandise purchase commitments
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td>C$</td>
<td align="right">211,650</td>
<td> </td>
<td> </td>
<td>US$</td>
<td align="right">198,601</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.9383</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="3" align="left">Prepaid Expense or Other Assets/<br /> (Accrued Exp)</td>
<td> </td>
<td> </td>
<td align="right">4,605</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,143</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,462</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td>C$</td>
<td align="right">1,896</td>
<td> </td>
<td> </td>
<td>€</td>
<td align="right">1,200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.6329</td>
<td> </td>
<td> </td>
<td colspan="3" align="left">Prepaid Expense</td>
<td> </td>
<td> </td>
<td align="right">18</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left">£</td>
<td align="right">39,217</td>
<td> </td>
<td> </td>
<td>US$</td>
<td align="right">63,393</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.6165</td>
<td> </td>
<td> </td>
<td colspan="3" align="left">Prepaid Expense/ (Accrued Exp)</td>
<td> </td>
<td> </td>
<td align="right">276</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,411</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,135</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left">£</td>
<td align="right">40,521</td>
<td> </td>
<td> </td>
<td>€ </td>
<td align="right">44,461</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.0972</td>
<td> </td>
<td> </td>
<td colspan="3" align="left">Prepaid Expense/ (Accrued Exp)</td>
<td> </td>
<td> </td>
<td align="right">449</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,748</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,299</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td>US$</td>
<td colspan="1" nowrap="nowrap" align="right">863</td>
<td> </td>
<td> </td>
<td>€ </td>
<td colspan="1" nowrap="nowrap" align="right"> 586</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.6790</td>
<td> </td>
<td> </td>
<td colspan="3" align="left">Prepaid Expense/ (Accrued Exp)</td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom">
<td colspan="4">
<div style="margin-left:15px; text-indent:-15px"><b>Total fair value of all financial instruments</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,169</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">The fair values of the derivatives are classified as assets or liabilities, current or non-current,
based upon valuation results and settlement dates of the individual contracts. Following are the
balance sheet classifications of the fair values of TJX’s derivatives:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="88%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 31,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Current assets
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">6,398</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Non-current assets
</div></td>
<td> </td>
<td> </td>
<td align="right">947</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Current liabilities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,176</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Non-current liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net fair value asset
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,169</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The impact of derivative financial instruments on statements of income during fiscal 2010 is as
follows:
</div>
<div align="center">
<table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Amount of Gain</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">(Loss)</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center">Location of Gain (Loss)</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Recognized in</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center">Recognized in Income by</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Income by</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000">Derivative</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">Derivative</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Derivatives designated as hedging instruments</b>
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Fair value hedges</b>
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest rate swap fixed to floating on notional of $50,000
</div></td>
<td> </td>
<td align="left" valign="top">Interest expense, net</td>
<td> </td>
<td colspan="3" valign="top" align="right"> </td>
<td> </td>
<td align="left" valign="top">US$</td>
<td align="right" valign="top">892</td>
<td valign="top"> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest rate swap fixed to floating on notional of $50,000
</div></td>
<td> </td>
<td align="left" valign="top">Interest expense, net</td>
<td> </td>
<td colspan="3" valign="top" align="right"> </td>
<td> </td>
<td align="left" valign="top">US$</td>
<td align="right" valign="top">1,176</td>
<td valign="top"> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td valign="top">
<div style="margin-left:15px; text-indent:-15px">Intercompany balances, primarily short-term debt and related interest
</div></td>
<td> </td>
<td align="left" valign="top">Selling, general and administrative expenses</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="left" valign="bottom">US$</td>
<td align="right" valign="bottom">(6,491</td>
<td nowrap="nowrap" valign="bottom">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Derivatives not designated as hedging instruments</b>
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td valign="top">
<div style="margin-left:15px; text-indent:-15px">Diesel contracts
</div></td>
<td> </td>
<td align="left" valign="top">Cost of sales, including buying and occupancy costs</td>
<td> </td>
<td colspan="3" valign="top" align="right"> </td>
<td> </td>
<td align="left" valign="bottom">US$</td>
<td align="right" valign="bottom">4,349</td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:15px; text-indent:-15px">Merchandise purchase commitments
</div></td>
<td> </td>
<td align="left" valign="top">Cost of sales, including buying and occupancy costs</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="left" valign="bottom">US$</td>
<td align="right" valign="bottom">(3,073</td>
<td nowrap="nowrap" valign="bottom">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" valign="top" style="border-top: 1px solid #000000"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Loss Recognized in Income</b>
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="left" valign="top"> </td>
<td align="right" valign="top"><b>(3,147</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" valign="top" style="border-top: 3px double #000000"> </td>
<td valign="top"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The counterparties to the forward exchange contracts and swap agreements are major international
financial institutions, and the contracts contain rights of offset, which help minimize TJX’s
exposure to credit loss in the event of nonperformance by one of the counterparties. TJX is not
required by the counterparties, and TJX does not require that the counterparties, maintain
collateral for these contracts. TJX periodically monitors its position and the credit ratings of
the counterparties and does not anticipate losses resulting from the nonperformance of these
institutions.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 7 - us-gaap:SegmentReportingDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note G. Segment Information</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In the United States, T.J. Maxx and Marshalls stores are aggregated as the Marmaxx segment, and
HomeGoods and A.J. Wright each is reported as a separate segment. TJX’s stores operated in Canada
(Winners and HomeSense) are reported in the TJX Canada segment, and TJX’s stores operated in Europe
(T.K. Maxx and HomeSense) are reported in the TJX Europe segment. TJX evaluates the performance of
its segments based on “segment profit or loss,” which TJX defines as pre-tax income before general
corporate expense and interest. “Segment profit or loss” as defined by TJX may not be comparable
to similarly titled measures used by other entities. In addition, this measure of performance
should not be considered an alternative to net income or cash flows from operating activities as an
indicator of TJX’s performance or as a measure of liquidity.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Presented below is financial information on TJX’s business segments:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Thirteen Weeks Ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 25,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net sales:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">U.S. segments:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Marmaxx
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,380,543</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3,058,207</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">HomeGoods
</div></td>
<td> </td>
<td> </td>
<td align="right">452,004</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">382,864</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">A.J. Wright
</div></td>
<td> </td>
<td> </td>
<td align="right">197,841</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">163,713</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">International segments:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">TJX Canada
</div></td>
<td> </td>
<td> </td>
<td align="right">611,485</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">576,971</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">TJX Europe
</div></td>
<td> </td>
<td> </td>
<td align="right">603,073</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">579,775</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:45px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">5,244,946</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4,761,530</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:45px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Segment profit (loss):
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">U.S. segments:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Marmaxx
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">422,754</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">278,661</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">HomeGoods
</div></td>
<td> </td>
<td> </td>
<td align="right">39,454</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,675</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">A.J. Wright
</div></td>
<td> </td>
<td> </td>
<td align="right">1,273</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(788</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">International segments:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">TJX Canada
</div></td>
<td> </td>
<td> </td>
<td align="right">113,011</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">109,782</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">TJX Europe
</div></td>
<td> </td>
<td> </td>
<td align="right">48,790</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">48,212</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:45px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td align="right">625,282</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">450,542</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">General corporate expenses
</div></td>
<td> </td>
<td> </td>
<td align="right">46,612</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33,835</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Provision (credit) for Computer Intrusion related costs
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,000</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Interest expense, net
</div></td>
<td> </td>
<td> </td>
<td align="right">12,665</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,449</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:45px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Income from continuing operations before provision for income taxes
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">566,005</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">418,258</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:45px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Thirty-Nine Weeks Ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 25,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net sales:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">U.S. segments:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Marmaxx
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">9,464,356</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">8,817,687</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">HomeGoods
</div></td>
<td> </td>
<td> </td>
<td align="right">1,256,736</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,096,726</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">A.J. Wright
</div></td>
<td> </td>
<td> </td>
<td align="right">559,162</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">478,432</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">International segments:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">TJX Canada
</div></td>
<td> </td>
<td> </td>
<td align="right">1,531,248</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,604,049</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">TJX Europe
</div></td>
<td> </td>
<td> </td>
<td align="right">1,535,196</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,622,586</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">14,346,698</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">13,619,480</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Segment profit (loss):
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">U.S. segments:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Marmaxx
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,111,775</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">855,222</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">HomeGoods
</div></td>
<td> </td>
<td> </td>
<td align="right">79,559</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">25,738</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">A.J. Wright
</div></td>
<td> </td>
<td> </td>
<td align="right">7,057</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,438</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">International segments:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">TJX Canada
</div></td>
<td> </td>
<td> </td>
<td align="right">180,709</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">211,068</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">TJX Europe
</div></td>
<td> </td>
<td> </td>
<td align="right">82,803</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">63,420</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td align="right">1,461,903</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,153,010</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">General corporate expenses
</div></td>
<td> </td>
<td> </td>
<td align="right">115,062</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">98,061</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Provision (credit) for Computer Intrusion related costs
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,000</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Interest expense, net
</div></td>
<td> </td>
<td> </td>
<td align="right">28,515</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,764</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Income from continuing operations before provision for income taxes
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,318,326</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,052,185</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 8 - us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note H. Pension Plans and Other Retirement Obligations</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The following represents TJX’s net periodic pension cost and related components:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6">Pension</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6">Pension</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">(Funded Plan)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">(Unfunded Plan)</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">Thirteen Weeks Ended</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">Thirteen Weeks Ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 25,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">October 25,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">6,406</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">7,210</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">274</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">276</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest cost
</div></td>
<td> </td>
<td> </td>
<td align="right">7,708</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,757</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">730</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,064</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected return on plan assets
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,157</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8,594</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of prior service cost
</div></td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Recognized actuarial losses
</div></td>
<td> </td>
<td> </td>
<td align="right">3,439</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">285</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">671</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Settlement cost
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">579</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Total expense
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,400</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">6,377</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,899</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,043</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6">Pension</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6">Pension</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">(Funded Plan)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">(Unfunded Plan)</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">Thirty-Nine Weeks Ended</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 0px solid #000000">Thirty-Nine Weeks Ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">October 25,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">October 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 0px solid #000000">October 25,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000">In thousands</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">22,537</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">22,804</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">821</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">801</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest cost
</div></td>
<td> </td>
<td> </td>
<td align="right">23,490</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,534</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,189</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,524</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected return on plan assets
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(21,167</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(25,777</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of prior service cost
</div></td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">94</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">94</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Recognized actuarial losses
</div></td>
<td> </td>
<td> </td>
<td align="right">10,242</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">854</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">953</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Settlement cost
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,737</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Total expense
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">35,114</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">18,594</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">5,695</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4,372</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">In fiscal 2009 the Pension Protection Act (PPA) became effective in the U.S., and TJX’s policy is
to fund, at a minimum, the amount required to maintain a funded status of 75% to 80% of the pension
liability as defined by the PPA. During the nine months ended October 31, 2009, TJX has
contributed $58 million to its funded plan and may make additional voluntary contributions during
fiscal 2010. TJX anticipates making contributions of $13.1 million to fund current benefit and
expense payments under the unfunded plan in fiscal 2010.
</div>
</div>
</div>
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<!-- Begin Block Tagged Note 9 - us-gaap:DebtDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note I. Long-Term Debt and Credit Lines</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">TJX has a $500 million revolving credit facility maturing in May 2010 and a $500 million revolving
credit facility maturing in May 2011. TJX pays six basis points on an annual basis in commitment
fees related to both of these facilities. These agreements have no compensating balance
requirements and have various covenants including a requirement of a specified ratio of debt to
earnings. These agreements serve as backup to TJX’s commercial paper program. TJX had no
borrowings outstanding at October 31, 2009 and had $105.9 million of commercial paper borrowings
outstanding as of October 25, 2008. The availability under revolving credit facilities was $1
billion at October 31, 2009 and $894.1 million at October 25, 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">On April 7, 2009, TJX issued $375 million aggregate principal amount of 6.95% ten-year notes and
shortly thereafter called for the redemption of its zero coupon convertible subordinated notes,
originally due in 2021. Virtually all of the subordinated notes were converted into 15.1 million
shares of TJX common stock by May 8, 2009, at the rate of 32.667 shares per $1,000 note. TJX used
the proceeds from the 6.95% notes offering to repurchase additional common stock under its stock
repurchase program in fiscal 2010.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">On July 23, 2009, TJX issued $400 million aggregate principal amount of 4.20% six-year notes. TJX
used a portion of the proceeds from the sale of the notes to refinance its C$235 million term
credit facility on August 10, 2009, prior to its scheduled maturity, and expects to use the
remainder, together with funds from operations, to pay its $200 million 7.45% notes due December
15, 2009 at maturity.
</div>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 10 - us-gaap:IncomeTaxDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note J. Income Taxes</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">TJX had unrecognized tax benefits of $119.9 million as of October 31, 2009 and $136.1 million as of
October 25, 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The effective income tax rate was 38.6% for the fiscal 2010 third quarter compared to 39.2% for
last year’s third quarter, primarily due to the unfavorable impact last year of foreign currency
gains and losses on certain intercompany loans between TJX and Winners.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The effective income tax rate for the nine months ended October 31, 2009 was 37.9% as compared to
36.9% for last year’s comparable period as a result of the absence in fiscal 2010 of tax benefits
included in the fiscal 2009 effective rate, partially offset by the favorable impact in the current
year due to the tax treatment of foreign exchange gains on certain intercompany loans. The nine
months ended October 25, 2008 included a $15 million reversal of several
uncertain tax positions as a result of federal and state filings and a $4 million benefit due to
revised guidance on the deductibility of performance-based pay for executive officers and on tax
benefits relating to TJX’s Puerto Rican subsidiary.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">TJX is subject to U.S. federal income tax as well as income tax in multiple state, local and
foreign jurisdictions. In nearly all jurisdictions, the tax years through fiscal 2001 are no longer
subject to examination.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">TJX’s accounting policy classifies interest and penalties related to income tax matters as part of
income tax expense. The accrued amounts for interest and penalties were $50.0 million as of October
31, 2009 and $46.9 million as of October 25, 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Based on the outcome of tax examinations or judicial or administrative proceedings, or as a result
of the expiration of statute of limitations in specific jurisdictions, it is reasonably possible
that unrecognized tax benefits for certain tax positions taken on previously filed tax returns may
change materially from those presented in the financial statements. During the next 12 months, it
is reasonably possible that tax examinations of prior years’ tax returns or judicial or
administrative proceedings, that reflect such positions taken by TJX, may be finalized. As a
result, the total net amount of unrecognized tax benefits may decrease, which would reduce the
provision for taxes on earnings by a range of $5.0 million to $70.0 million.
</div>
</div>
</div>
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<!-- Begin Block Tagged Note 11 - us-gaap:FairValueDisclosuresTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note K. Disclosures about Fair Value of Financial Instruments</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Fair value is defined as the price that would be received to sell an asset or paid to transfer a
liability in an orderly transaction between market participants at the measurement date (exit
price). Authoritative guidance classifies the inputs used to measure fair value into the following
hierarchy:
</div>
<div align="center">
<table style="font-size: 10pt; margin-left: 4%; text-align: left" cellspacing="0" border="0" cellpadding="0" width="96%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="7%"> </td>
<td width="3%"> </td>
<td width="90%"> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Level 1:
</div></td>
<td> </td>
<td align="left" valign="top">Unadjusted quoted prices in active markets for identical assets or liabilities.</td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td valign="top">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Level 2:
</div></td>
<td> </td>
<td align="left" valign="top">Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are less active, or
inputs other than quoted prices that are observable for the asset or liability.</td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td valign="top">
<div style="margin-left:0px; text-indent:-0px"> 
</div></td>
<td> </td>
<td align="left" valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Level 3:
</div></td>
<td> </td>
<td align="left" valign="top">Unobservable inputs for the asset or liability.</td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<!-- xbrl -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">TJX endeavors to utilize the best available information in measuring fair value. Financial assets
and liabilities are classified in their entirety based on the lowest level of input that is
significant to the fair value measurement. TJX has determined that its financial assets and
liabilities are generally classified within level 1 or level 2 in the fair value hierarchy. The
following table sets forth TJX’s financial assets and liabilities that are accounted for at fair
value on a recurring basis:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3">October 31,</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3">January 31,</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3">October 25,</td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">In thousands</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3">2009</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3">2009</td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3">2008</td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="13" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Level 1
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Assets:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Cash equivalents
</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">830,405</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">161,592</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">60,893</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Executive savings plan
</div></td>
<td> </td>
<td> </td>
<td align="right">52,981</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40,636</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,771</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Level 2
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Assets:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Foreign currency exchange contracts
</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">5,855</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">9,534</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">154,838</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Interest rate swaps
</div></td>
<td> </td>
<td> </td>
<td align="right">1,490</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,859</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,250</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Liabilities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Foreign currency exchange contracts
</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">4,594</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">1,435</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">65,777</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Diesel fuel contracts
</div></td>
<td> </td>
<td> </td>
<td align="right">582</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,931</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Interest rate swaps
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">386</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The fair value of TJX’s general corporate debt, including current installments, was estimated by
obtaining market value quotes given the trading levels of other bonds of the same general issuer
type and market perceived credit quality. The fair value of the current installments of long-term
debt at October 31, 2009 was $201.9 million versus a carrying value of $200.4 million. The fair
value of long-term debt at that date was $853.5 million versus a carrying value of $774.3 million.
These estimates do not necessarily reflect provisions or restrictions in the various debt
agreements that might affect TJX’s ability to settle these obligations.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Our cash equivalents are stated at cost, which approximates fair value, due to the short maturities
of these instruments.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Our executive savings plan is invested in securities traded in active markets and carried at
unadjusted quoted prices.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">As a result of its international operating and financing activities, TJX is exposed to market risks
from changes in interest and foreign currency exchange rates, which may adversely affect its
operating results and financial position. When it deems appropriate, TJX seeks to manage risks
from interest and foreign currency exchange rate fluctuations through the use of derivative
financial instruments. Derivative financial instruments are not used for trading or other
speculative purposes, and TJX has not used leveraged derivative financial instruments. The forward
foreign currency exchange contracts and interest rate swaps are valued using broker quotations
which include observable market information and, in the instance of one contract, proprietary
models. TJX makes no adjustments to quotes or prices obtained from brokers or pricing services but
assesses the credit risk of counterparties and adjusts final valuations, when appropriate. Where
independent pricing services provide fair values, TJX obtains an understanding of the methods used
in pricing. As such, these derivative instruments are classified within level 2.
</div>
</div>
</div>
false
--01-30
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