TJ Maxx 2009 Annual Report Download - page 78

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Following is a summary of TJX’s derivative financial instruments and related fair values outstanding at January 30,
2010:
In thousands Pay Receive
Blended
Contract
Rate
Balance
Sheet
Location
Asset
US$
(Liability)
US$
Net Fair
Value in
US$ at
January
30, 2010
Hedge accounting not elected:
Diesel contracts Fixed on 260K -
520K gal
per month
Float on 260K -
520K gal
per month N/A (Accrued Exp) $ — $(442) $ (442)
Merchandise purchase commitments
C$ 220,244 US$ 210,476 0.9556 Prepaid Expense 4,719 — 4,719
C$ 2,264 S1,450 0.6406 (Accrued Exp) — (105) (105)
£ 19,000 US$ 31,307 1.6477 Prepaid Expense 923 — 923
£ 16,074 S17,910 1.1142 (Accrued Exp) — (882) (882)
US$ 1,175 S818 1.4370 (Accrued Exp) — (42) (42)
Total fair value of all financial instruments $4,171
Following is a summary of TJX’s derivative financial instruments and related fair values outstanding at January 31,
2009:
In thousands Pay Receive
Blended
Contract
Rate
Balance
Sheet
Location
Asset
US$
(Liability)
US$
Net Fair
Value in
US$ at
January
31, 2009
Fair value hedges:
Interest rate swap fixed to floating
on notional of $50,000 LIBOR + 4.17% 7.45% N/A
Int Rec/
Prepaid Exp $ 766 $ — $ 766
Interest rate swap fixed to floating
on notional of $50,000 LIBOR + 3.42% 7.45% N/A
Int Rec/
Prepaid Exp 1,093 — 1,093
Intercompany balance hedges
primarily short-term debt and
related interest C$ 37,795 US$ 33,826 0.8950
Prepaid Expense/
(Accrued Exp) 3,157 (106) 3,051
US$ 114,990 C$ 143,051 0.8038
Prepaid Expense/
(Accrued Exp) 1,652 (352) 1,300
US$ 39,997 S30,936 1.2929 (Accrued Exp) — (370) (370)
Hedge accounting not elected:
Diesel contracts Fixed on 750K gal
per month
Float on 750K gal
per month N/A (Accrued Exp) — (4,931) (4,931)
Merchandise purchase commitments
C$ 206,109 US$ 172,500 0.8369
Prepaid
Expense/
(Accrued Exp) 4,879 (42) 4,837
C$ 4,828 S2,950 0.6110 (Accrued Exp) — (149) (149)
£ 19,394 US$ 28,000 1.4437
Prepaid
Expense/
(Accrued Exp) 160 (364) (204)
£ 7,273 S8,000 1.1000 (Accrued Exp) — (343) (343)
US$ 441 S327 1.3486
Prepaid
Expense/
(Accrued Exp) 2 (25) (23)
Total fair value of all financial instruments $ 5,027
F-15