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 9 Months Ended
Nov. 02, 2019
Nov. 03, 2018
Nov. 02, 2019
Nov. 03, 2018
Income Statement [Abstract]        
Net sales $ 5,173 $ 5,404 $ 16,223 $ 16,516
Credit card revenues, net 183 185 531 528
Cost of sales (3,106) (3,226) (9,905) (9,927)
Selling, general and administrative expenses (2,202) (2,255) (6,489) (6,501)
Gains on sale of real estate 17 42 67 111
Impairment, restructuring and other costs (13) (3) (16) (39)
Operating income 52 147 411 688
Benefit plan income, net 8 9 23 31
Settlement charges (12) (23) (12) (73)
Interest expense (52) (64) (159) (204)
Loss on early retirement of debt 0 0 0 (5)
Interest income 4 5 16 17
Income before income taxes 0 74 279 454
Federal, state and local income tax benefit (expense) 2 (12) (55) (96)
Net income 2 62 224 358
Net loss attributable to noncontrolling interest 0 0 0 10
Net income attributable to Macy's, Inc. shareholders $ 2 $ 62 $ 224 $ 368
Basic earnings per share attributable to Macy's, Inc. shareholders $ 0.01 $ 0.20 $ 0.72 $ 1.20
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 0.01 $ 0.20 $ 0.72 $ 1.18