Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.19.1
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Feb. 02, 2019
Feb. 03, 2018
Jan. 28, 2017
Income Statement [Abstract]      
Net sales $ 24,971 $ 24,939 $ 25,908
Credit Card Revenues, Net 768 702 656
Cost of sales (15,215) (15,181) (15,666)
Selling, general and administrative expenses (9,039) (8,954) (9,257)
Gains on sale of real estate 389 544 209
Restructuring, impairment, store closing and other costs (136) (186) (479)
Operating income (loss) 1,738 1,864 1,371
Benefit plan income, net 39 57 55
Settlement charges (88) (105) (98)
Interest expense (261) (321) (367)
Gains (losses) on early retirement of debt (33) 10 0
Interest income 25 11 4
Income (loss) before income taxes 1,420 1,516 965
Federal, state and local income tax benefit (expense) (322) 39 (346)
Net income (loss) 1,098 1,555 619
Net loss attributable to noncontrolling interest 10 11 8
Net income attributable to Macy's, Inc. shareholders $ 1,108 $ 1,566 $ 627
Basic earnings per share attributable to Macy's, Inc. shareholders $ 3.60 $ 5.13 $ 2.03
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 3.56 $ 5.10 $ 2.02