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 6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Aug. 03, 2019
Aug. 04, 2018
Income Statement [Abstract]        
Net sales $ 5,546 $ 5,572 $ 11,050 $ 11,112
Credit card revenues, net 176 186 348 343
Cost of sales (3,395) (3,320) (6,798) (6,701)
Selling, general and administrative expenses (2,177) (2,164) (4,287) (4,247)
Gains on sale of real estate 7 46 49 70
Impairment and other costs (2) (17) (3) (36)
Operating income 155 303 359 541
Benefit plan income, net 8 11 15 22
Settlement charges 0 (50) 0 (50)
Interest expense (52) (69) (106) (140)
Loss on early retirement of debt 0 (5) 0 (5)
Interest income 5 7 12 12
Income before income taxes 116 197 280 380
Federal, state and local income tax expense (30) (33) (57) (84)
Net income 86 164 223 296
Net loss attributable to noncontrolling interest 0 2 0 10
Net income attributable to Macy's, Inc. shareholders $ 86 $ 166 $ 223 $ 306
Basic earnings per share attributable to Macy's, Inc. shareholders $ 0.28 $ 0.54 $ 0.72 $ 0.99
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 0.28 $ 0.53 $ 0.71 $ 0.98