Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.20.1
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Feb. 01, 2020
Feb. 02, 2019
Feb. 03, 2018
Income Statement [Abstract]      
Net sales $ 24,560 $ 24,971 $ 24,939
Credit Card Revenues, Net 771 768 702
Cost of sales (15,171) (15,215) (15,181)
Selling, general and administrative expenses (8,998) (9,039) (8,954)
Gains on sale of real estate 162 389 544
Restructuring, impairment, store closing and other costs (354) (136) (186)
Operating income (loss) 970 1,738 1,864
Benefit plan income, net 31 39 57
Settlement charges (58) (88) (105)
Interest expense (205) (261) (321)
Gains (losses) on early retirement of debt (30) (33) 10
Interest income 20 25 11
Income (loss) before income taxes 728 1,420 1,516
Federal, state and local income tax benefit (expense) (164) (322) 39
Net income (loss) 564 1,098 1,555
Net loss attributable to noncontrolling interest 0 10 11
Net income attributable to Macy's, Inc. shareholders $ 564 $ 1,108 $ 1,566
Basic earnings per share attributable to Macy's, Inc. shareholders $ 1.82 $ 3.60 $ 5.13
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 1.81 $ 3.56 $ 5.10