Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
May 04, 2019
May 05, 2018
Income Statement [Abstract]    
Net sales $ 5,504 $ 5,541
Credit card revenues, net 172 157
Cost of sales (3,403) (3,382)
Selling, general and administrative expenses (2,112) (2,083)
Gains on sale of real estate 43 24
Impairment and other costs (1) (19)
Operating income 203 238
Benefit plan income, net 7 11
Interest expense (54) (71)
Interest income 7 5
Income (loss) before income taxes 163 183
Federal, state and local income tax expense (27) (52)
Net income 136 131
Net loss attributable to noncontrolling interest 0 8
Net income attributable to Macy's, Inc. shareholders $ 136 $ 139
Basic earnings per share attributable to Macy's, Inc. shareholders $ 0.44 $ 0.45
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 0.44 $ 0.45