Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Financial Information (Condensed Consolidating Statement of Operations) (Details)

v3.19.2
Condensed Consolidating Financial Information (Condensed Consolidating Statement of Operations) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Aug. 03, 2019
Aug. 04, 2018
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 (loss) 155 303 359 541
Benefit plan income, net 8 11 15 22
Settlement charges 0 (50) 0 (50)
Interest (expense) income, net        
External (47) (62) (94) (128)
Interest Expense, Other 0 0 0 0
Loss on early retirement of debt 0 (5) 0 (5)
Income (Loss) from Equity Method Investments 0 0 0 0
Income (loss) before income taxes 116 197 280 380
Federal, state and local income tax expense (30) (33) (57) (84)
Net income (loss) 86 164 223 296
Net loss attributable to noncontrolling interest 0 2 0 10
Net income (loss) attributable to Macy's, Inc. shareholders 86 166 223 306
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest 91 184 234 323
Comprehensive loss attributable to noncontrolling interest 0 2 0 10
Comprehensive income (loss) attributable to Macy's, Inc. shareholders 91 186 234 333
Parent        
Net sales 0 0 0 0
Credit card revenues, net 0 0 0 0
Cost of sales 0 0 0 0
Selling, general and administrative expenses 0 0 1 0
Gains on sale of real estate 0 0 0 0
Impairment and other costs 0 0 0 0
Operating income (loss) 0 0 1 0
Benefit plan income, net 0 0 0 0
Settlement charges   (6) 0 (6)
Interest (expense) income, net        
External 4 5 9 9
Interest Expense, Other 0 0 0 0
Loss on early retirement of debt   0   0
Income (Loss) from Equity Method Investments 82 167 214 304
Income (loss) before income taxes 86 166 224 307
Federal, state and local income tax expense 0 0 (1) (1)
Net income (loss) 86 166 223 306
Net loss attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Macy's, Inc. shareholders 86 166 223 306
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest 91 186 234 333
Comprehensive loss attributable to noncontrolling interest 0 0 0 0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders 91 186 234 333
Subsidiary Issuer        
Net sales 2,219 2,072 4,373 4,081
Credit card revenues, net (2) 3 (5) (3)
Cost of sales (1,341) (1,271) (2,682) (2,591)
Selling, general and administrative expenses (872) (812) (1,674) (1,641)
Gains on sale of real estate 0 19 24 42
Impairment and other costs 0 2 0 2
Operating income (loss) 4 13 36 (110)
Benefit plan income, net 3 4 6 8
Settlement charges   (16) 0 (16)
Interest (expense) income, net        
External (52) (69) (105) (139)
Interest Expense, Other (18) (17) (37) (36)
Loss on early retirement of debt   (5)   (5)
Income (Loss) from Equity Method Investments (108) 8 (138) 109
Income (loss) before income taxes (171) (82) (238) (189)
Federal, state and local income tax expense 7 30 31 67
Net income (loss) (164) (52) (207) (122)
Net loss attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Macy's, Inc. shareholders (164) (52) (207) (122)
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest (159) (35) (197) (99)
Comprehensive loss attributable to noncontrolling interest 0 0 0 0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders (159) (35) (197) (99)
Other Subsidiaries        
Net sales 4,416 4,914 9,184 10,277
Credit card revenues, net 178 183 353 346
Cost of sales (3,143) (3,463) (6,623) (7,356)
Selling, general and administrative expenses (1,305) (1,352) (2,614) (2,606)
Gains on sale of real estate 7 27 25 28
Impairment and other costs (2) (19) (3) (38)
Operating income (loss) 151 290 322 651
Benefit plan income, net 5 7 9 14
Settlement charges   (28) 0 (28)
Interest (expense) income, net        
External 1 2 2 2
Interest Expense, Other 18 17 37 36
Loss on early retirement of debt   0   0
Income (Loss) from Equity Method Investments 0 0 0 0
Income (loss) before income taxes 175 288 370 675
Federal, state and local income tax expense (37) (63) (87) (150)
Net income (loss) 138 225 283 525
Net loss attributable to noncontrolling interest 0 2 0 10
Net income (loss) attributable to Macy's, Inc. shareholders 138 227 283 535
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest 142 236 291 540
Comprehensive loss attributable to noncontrolling interest 0 2 0 10
Comprehensive income (loss) attributable to Macy's, Inc. shareholders 142 238 291 550
Consolidation, Eliminations [Member]        
Net sales (1,089) (1,414) (2,507) (3,246)
Credit card revenues, net 0 0 0 0
Cost of sales 1,089 1,414 2,507 3,246
Selling, general and administrative expenses 0 0 0 0
Gains on sale of real estate 0 0 0 0
Impairment and other costs 0 0 0 0
Operating income (loss) 0 0 0 0
Benefit plan income, net 0 0 0 0
Settlement charges   0 0 0
Interest (expense) income, net        
External 0 0 0 0
Interest Expense, Other 0 0 0 0
Loss on early retirement of debt   0   0
Income (Loss) from Equity Method Investments 26 (175) (76) (413)
Income (loss) before income taxes 26 (175) (76) (413)
Federal, state and local income tax expense 0 0 0 0
Net income (loss) 26 (175) (76) (413)
Net loss attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Macy's, Inc. shareholders 26 (175) (76) (413)
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest 17 (203) (94) (451)
Comprehensive loss attributable to noncontrolling interest 0 0 0 0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders $ 17 $ (203) $ (94) $ (451)