Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.3.a.u2
Condensed Consolidating Financial Information (Condensed Consolidating Statement of Operations) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Nov. 02, 2019
Nov. 03, 2018
Nov. 02, 2019
Nov. 03, 2018
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 (loss) 52 147 411 688
Benefit plan income, net 8 9 23 31
Settlement charges (12) (23) (12) (73)
Interest (expense) income, net        
External (48) (59) (143) (187)
Interest Expense, Other 0 0 0 0
Loss on early retirement of debt 0 0 0 (5)
Income (Loss) from Equity Method Investments 0 0 0 0
Income (loss) before income taxes 0 74 279 454
Federal, state and local income tax benefit (expense) 2 (12) (55) (96)
Net income (loss) 2 62 224 358
Net loss attributable to noncontrolling interest 0 0 0 10
Net income (loss) attributable to Macy's, Inc. shareholders 2 62 224 368
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest (35) (37) 198 286
Comprehensive loss attributable to noncontrolling interest 0 0 0 10
Comprehensive income (loss) attributable to Macy's, Inc. shareholders (35) (37) 198 296
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, restructuring and other costs 0 0 0 0
Operating income (loss) 0 0 1 0
Benefit plan income, net 0 0 0 0
Settlement charges 0 0 0 (5)
Interest (expense) income, net        
External 3 4 11 13
Interest Expense, Other 0 0 0 0
Loss on early retirement of debt       0
Income (Loss) from Equity Method Investments (3) 59 212 362
Income (loss) before income taxes 0 63 224 370
Federal, state and local income tax benefit (expense) 2 (1) 0 (2)
Net income (loss) 2 62 224 368
Net loss attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Macy's, Inc. shareholders 2 62 224 368
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest (35) (37) 198 296
Comprehensive loss attributable to noncontrolling interest 0 0 0 0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders (35) (37) 198 296
Subsidiary Issuer        
Net sales 2,044 2,030 6,418 6,110
Credit card revenues, net (2) 0 (8) (3)
Cost of sales (1,230) (1,266) (3,913) (3,857)
Selling, general and administrative expenses (870) (883) (2,544) (2,522)
Gains on sale of real estate 8 41 32 83
Impairment, restructuring and other costs (1) 0 (1) 0
Operating income (loss) (51) (78) (16) (189)
Benefit plan income, net 3 3 9 12
Settlement charges 0 (8) 0 (24)
Interest (expense) income, net        
External (52) (64) (157) (203)
Interest Expense, Other (18) (18) (55) (54)
Loss on early retirement of debt       (5)
Income (Loss) from Equity Method Investments (125) (58) (264) 51
Income (loss) before income taxes (243) (223) (483) (412)
Federal, state and local income tax benefit (expense) 30 57 61 123
Net income (loss) (213) (166) (422) (289)
Net loss attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Macy's, Inc. shareholders (213) (166) (422) (289)
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest (249) (257) (448) (357)
Comprehensive loss attributable to noncontrolling interest 0 0 0 0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders (249) (257) (448) (357)
Other Subsidiaries        
Net sales 5,245 6,185 14,428 16,462
Credit card revenues, net 185 185 539 531
Cost of sales (3,992) (4,771) (10,615) (12,126)
Selling, general and administrative expenses (1,332) (1,372) (3,946) (3,979)
Gains on sale of real estate 9 1 35 28
Impairment, restructuring and other costs (12) (3) (15) (39)
Operating income (loss) 103 225 426 877
Benefit plan income, net 5 6 14 19
Settlement charges (12) (15) (12) (44)
Interest (expense) income, net        
External 1 1 3 3
Interest Expense, Other 18 18 55 54
Loss on early retirement of debt       0
Income (Loss) from Equity Method Investments 0 0 0 0
Income (loss) before income taxes 115 235 486 909
Federal, state and local income tax benefit (expense) (30) (68) (116) (217)
Net income (loss) 85 167 370 692
Net loss attributable to noncontrolling interest 0 0 0 10
Net income (loss) attributable to Macy's, Inc. shareholders 85 167 370 702
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest 65 106 358 646
Comprehensive loss attributable to noncontrolling interest 0 0 0 10
Comprehensive income (loss) attributable to Macy's, Inc. shareholders 65 106 358 656
Consolidation, Eliminations [Member]        
Net sales (2,116) (2,811) (4,623) (6,056)
Credit card revenues, net 0 0 0 0
Cost of sales 2,116 2,811 4,623 6,056
Selling, general and administrative expenses 0 0 0 0
Gains on sale of real estate 0 0 0 0
Impairment, restructuring 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 0
Interest (expense) income, net        
External 0 0 0 0
Interest Expense, Other 0 0 0 0
Loss on early retirement of debt       0
Income (Loss) from Equity Method Investments 128 (1) 52 (413)
Income (loss) before income taxes 128 (1) 52 (413)
Federal, state and local income tax benefit (expense) 0 0 0 0
Net income (loss) 128 (1) 52 (413)
Net loss attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Macy's, Inc. shareholders 128 (1) 52 (413)
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest 184 151 90 (299)
Comprehensive loss attributable to noncontrolling interest 0 0 0 0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders $ 184 $ 151 $ 90 $ (299)