Annual report pursuant to Section 13 and 15(d)

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

v3.20.1
Condensed Consolidating Financial Information (Condensed Consolidating Statement of Operations) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Feb. 01, 2020
Nov. 02, 2019
Aug. 03, 2019
May 04, 2019
Feb. 02, 2019
Nov. 03, 2018
Aug. 04, 2018
May 05, 2018
Feb. 03, 2018
Nov. 03, 2018
Oct. 28, 2017
Feb. 01, 2020
Feb. 02, 2019
Feb. 03, 2018
Net sales $ 8,337 $ 5,173 $ 5,546 $ 5,504 $ 8,455 $ 5,404 $ 5,572 $ 5,541       $ 24,560 $ 24,971 $ 24,939
Credit Card Revenues, Net 239 183 176 172 240 185 186 157       771 768 702
Cost of sales (5,266) (3,106) (3,395) (3,403) (5,288) (3,226) (3,320) (3,382)       (15,171) (15,215) (15,181)
Selling, general and administrative expenses (2,509) (2,202) (2,177) (2,112) (2,538) (2,255) (2,164) (2,083)       (8,998) (9,039) (8,954)
Gains on sale of real estate 95 17 7 43 278 42 46 24       162 389 544
Restructuring, impairment, store closing and other costs (337) (13) (2) (1) (97) (3) (17) (19)       (354) (136) (186)
Operating income (loss)                       970 1,738 1,864
Settlement charges (46) (12) 0 0 (15) (23) (50) 0       (58) (88) (105)
Benefit plan income, net 8 8 8 7 8 9 11 11       31 39 57
Interest (expense) income, net                            
External                       (185) (236) (310)
Intercompany                       0 0 0
Gains (losses) on early retirement of debt (30)       (28)       $ 11 $ (5) $ (1) (30) (33) 10
Equity in earnings of subsidiaries                       0 0 0
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 $ 340 $ 2 $ 86 $ 136 $ 740 $ 62 $ 166 $ 139       564 1,108 1,566
Comprehensive income                       524 1,035 1,727
Comprehensive loss attributable to noncontrolling interest                       0 10 11
Comprehensive income attributable to Macy's, Inc. shareholders                       524 1,045 1,738
Parent Company [Member]                            
Net sales                       0 0 0
Credit Card Revenues, Net                       0 0 0
Cost of sales                       0 0 0
Selling, general and administrative expenses                       2 0 0
Gains on sale of real estate                       0 0 0
Restructuring, impairment, store closing and other costs                       0 0 0
Operating income (loss)                       2 0 0
Settlement charges                       0 (5) 0
Benefit plan income, net                       0 0 0
Interest (expense) income, net                            
External                       15 20 0
Intercompany                       0 0 0
Gains (losses) on early retirement of debt                       0 0 0
Equity in earnings of subsidiaries                       547 1,104 1,574
Income (loss) before income taxes                       564 1,119 1,574
Federal, state and local income tax benefit (expense)                       0 (11) (8)
Net income (loss)                       564 1,108 1,566
Net loss attributable to noncontrolling interest                       0 0 0
Net income attributable to Macy's, Inc. shareholders                       564 1,108 1,566
Comprehensive income                       524 1,045 1,738
Comprehensive loss attributable to noncontrolling interest                       0 0 0
Comprehensive income attributable to Macy's, Inc. shareholders                       524 1,045 1,738
Subsidiary Issuer [Member]                            
Net sales                       9,477 9,051 9,490
Credit Card Revenues, Net                       (7) (3) (2)
Cost of sales                       (5,834) (5,786) (6,122)
Selling, general and administrative expenses                       (3,490) (3,509) (3,426)
Gains on sale of real estate                       37 141 201
Restructuring, impairment, store closing and other costs                       (108) (33) (40)
Operating income (loss)                       75 (139) 101
Settlement charges                       (22) (30) (35)
Benefit plan income, net                       12 15 22
Interest (expense) income, net                            
External                       (204) (260) (313)
Intercompany                       (72) (72) (139)
Gains (losses) on early retirement of debt                       (30) (33) 10
Equity in earnings of subsidiaries                       (266) 345 773
Income (loss) before income taxes                       (507) (174) 419
Federal, state and local income tax benefit (expense)                       33 219 356
Net income (loss)                       (474) 45 775
Net loss attributable to noncontrolling interest                       0 0 0
Net income attributable to Macy's, Inc. shareholders                       (474) 45 775
Comprehensive income                       (512) (15) 935
Comprehensive loss attributable to noncontrolling interest                       0 0 0
Comprehensive income attributable to Macy's, Inc. shareholders                       (512) (15) 935
Non-Guarantor Subsidiaries [Member]                            
Net sales                       20,831 23,720 23,317
Credit Card Revenues, Net                       778 771 704
Cost of sales                       (15,085) (17,229) (16,927)
Selling, general and administrative expenses                       (5,510) (5,530) (5,528)
Gains on sale of real estate                       125 248 343
Restructuring, impairment, store closing and other costs                       (246) (103) (146)
Operating income (loss)                       893 1,877 1,763
Settlement charges                       (36) (53) (70)
Benefit plan income, net                       19 24 35
Interest (expense) income, net                            
External                       4 4 3
Intercompany                       72 72 139
Gains (losses) on early retirement of debt                       0 0 0
Equity in earnings of subsidiaries                       0 0 0
Income (loss) before income taxes                       952 1,924 1,870
Federal, state and local income tax benefit (expense)                       (197) (530) (309)
Net income (loss)                       755 1,394 1,561
Net loss attributable to noncontrolling interest                       0 10 11
Net income attributable to Macy's, Inc. shareholders                       755 1,404 1,572
Comprehensive income                       731 1,353 1,673
Comprehensive loss attributable to noncontrolling interest                       0 10 11
Comprehensive income attributable to Macy's, Inc. shareholders                       731 1,363 1,684
Consolidation, Eliminations [Member]                            
Net sales                       (5,748) (7,800) (7,868)
Credit Card Revenues, Net                       0 0 0
Cost of sales                       5,748 7,800 7,868
Selling, general and administrative expenses                       0 0 0
Gains on sale of real estate                       0 0 0
Restructuring, impairment, store closing and other costs                       0 0 0
Operating income (loss)                       0 0 0
Settlement charges                       0 0 0
Benefit plan income, net                       0 0 0
Interest (expense) income, net                            
External                       0 0 0
Intercompany                       0 0 0
Gains (losses) on early retirement of debt                       0 0 0
Equity in earnings of subsidiaries                       (281) (1,449) (2,347)
Income (loss) before income taxes                       (281) (1,449) (2,347)
Federal, state and local income tax benefit (expense)                       0 0 0
Net income (loss)                       (281) (1,449) (2,347)
Net loss attributable to noncontrolling interest                       0 0 0
Net income attributable to Macy's, Inc. shareholders                       (281) (1,449) (2,347)
Comprehensive income                       (219) (1,348) (2,619)
Comprehensive loss attributable to noncontrolling interest                       0 0 0
Comprehensive income attributable to Macy's, Inc. shareholders                       $ (219) $ (1,348) $ (2,619)