Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jul. 30, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheet

As of July 30, 2016

(millions)



	Parent		Subsidiary Issuer		Other Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS:
Current Assets:
Cash and cash equivalents	$	621	$	89	$	290	$	—		$	1,000
Receivables	—		146		277		—			423
Merchandise inventories	—		2,500		2,822		—			5,322
Income tax receivable	8		11		—		(19		)	—
Prepaid expenses and other current assets	—		84		387		—			471
Total Current Assets	629		2,830		3,776		(19		)	7,216
Property and Equipment – net	—		3,586		3,601		—			7,187
Goodwill	—		3,315		582		—			3,897
Other Intangible Assets – net	—		49		453		—			502
Other Assets	—		155		749		—			904
Deferred Income Taxes	23		—		—		(23		)	—
Intercompany Receivable	—		—		2,710		(2,710		)	—
Investment in Subsidiaries	4,524		3,247		—		(7,771		)	—
Total Assets	$	5,176	$	13,182	$	11,871	$	(10,523	)	$	19,706
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current Liabilities:
Short-term debt	$	—	$	1,062	$	1	$	—		$	1,063
Merchandise accounts payable	—		825		1,052		—			1,877
Accounts payable and accrued liabilities	29		1,380		1,105		—			2,514
Income taxes	—		—		42		(19		)	23
Total Current Liabilities	29		3,267		2,200		(19		)	5,477
Long-Term Debt	—		6,549		18		—			6,567
Intercompany Payable	1,043		1,667		—		(2,710		)	—
Deferred Income Taxes	—		653		818		(23		)	1,448
Other Liabilities	58		573		1,533		—			2,164
Shareholders' Equity:
Macy's, Inc.	4,046		473		7,298		(7,771		)	4,046
Noncontrolling Interest	—		—		4		—			4
Total Shareholders' Equity	4,046		473		7,302		(7,771		)	4,050
Total Liabilities and Shareholders' Equity	$	5,176	$	13,182	$	11,871	$	(10,523	)	$	19,706

Condensed Consolidating Balance Sheet

As of August 1, 2015

(millions)



	Parent		Subsidiary Issuer		Other Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS:
Current Assets:
Cash and cash equivalents	$	511	$	76	$	256	$	—		$	843
Receivables	—		85		249		—			334
Merchandise inventories	—		2,712		2,784		—			5,496
Income tax receivable	98		—		—		(98		)	—
Prepaid expenses and other current assets	—		104		333		—			437
Total Current Assets	609		2,977		3,622		(98		)	7,110
Property and Equipment – net	—		4,230		3,474		—			7,704
Goodwill	—		3,315		582		—			3,897
Other Intangible Assets – net	—		62		461		—			523
Other Assets	2		44		680		—			726
Deferred Income Taxes	24		—		—		(24		)	—
Intercompany Receivable	—		—		3,634		(3,634		)	—
Investment in Subsidiaries	4,779		3,640		—		(8,419		)	—
Total Assets	$	5,414	$	14,268	$	12,453	$	(12,175	)	$	19,960
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current Liabilities:
Short-term debt	$	—	$	82	$	1	$	—		$	83
Merchandise accounts payable	—		930		1,012		—			1,942
Accounts payable and accrued liabilities	23		980		1,274		—			2,277
Income taxes	—		10		152		(98		)	64
Total Current Liabilities	23		2,002		2,439		(98		)	4,366
Long-Term Debt	—		7,132		19		—			7,151
Intercompany Payable	483		3,151		—		(3,634		)	—
Deferred Income Taxes	—		736		737		(24		)	1,449
Other Liabilities	64		551		1,535		—			2,150
Shareholders' Equity:
Macy's, Inc.	4,844		696		7,723		(8,419		)	4,844
Noncontrolling Interest	—		—		—		—			—
Total Shareholders' Equity	4,844		696		7,723		(8,419		)	4,844
Total Liabilities and Shareholders' Equity	$	5,414	$	14,268	$	12,453	$	(12,175	)	$	19,960

Condensed Consolidating Balance Sheet

As of January 30, 2016

(millions)



	Parent		Subsidiary Issuer		Other Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS:
Current Assets:
Cash and cash equivalents	$	741	$	91	$	277	$	—		$	1,109
Receivables	—		217		341		—			558
Merchandise inventories	—		2,702		2,804		—			5,506
Income tax receivable	44		—		—		(44		)	—
Prepaid expenses and other current assets	—		135		344		—			479
Total Current Assets	785		3,145		3,766		(44		)	7,652
Property and Equipment – net	—		3,925		3,691		—			7,616
Goodwill	—		3,315		582		—			3,897
Other Intangible Assets – net	—		52		462		—			514
Other Assets	—		154		743		—			897
Deferred Income Taxes	14		—		—		(14		)	—
Intercompany Receivable	—		—		3,800		(3,800		)	—
Investment in Subsidiaries	4,725		3,804		—		(8,529		)	—
Total Assets	$	5,524	$	14,395	$	13,044	$	(12,387	)	$	20,576
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current Liabilities:
Short-term debt	$	—	$	641	$	1	$	—		$	642
Merchandise accounts payable	—		667		859		—			1,526
Accounts payable and accrued liabilities	35		1,439		1,859		—			3,333
Income taxes	—		41		230		(44		)	227
Total Current Liabilities	35		2,788		2,949		(44		)	5,728
Long-Term Debt	—		6,976		19		—			6,995
Intercompany Payable	1,218		2,582		—		(3,800		)	—
Deferred Income Taxes	—		693		798		(14		)	1,477
Other Liabilities	21		558		1,544		—			2,123
Shareholders' Equity:
Macy's, Inc.	4,250		798		7,731		(8,529		)	4,250
Noncontrolling Interest	—		—		3		—			3
Total Shareholders' Equity	4,250		798		7,734		(8,529		)	4,253
Total Liabilities and Shareholders' Equity	$	5,524	$	14,395	$	13,044	$	(12,387	)	$	20,576

Condensed Consolidating Statement of Comprehensive Income [Table Text Block]

Condensed Consolidating Statement of Comprehensive Income

For the 13 Weeks Ended July 30, 2016

(millions)



	Parent			Subsidiary Issuer			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	2,494		$	4,989		$	(1,617	)	$	5,866
Cost of sales	—			(1,523		)	(3,562		)	1,617			(3,468		)
Gross margin	—			971			1,427			—			2,398
Selling, general and administrative expenses	—			(941		)	(1,085		)	—			(2,026		)
Impairments and other costs	—			(184		)	(65		)	—			(249		)
Settlement charges	—			(2		)	(4		)	—			(6		)
Operating income (loss)	—			(156		)	273			—			117
Interest (expense) income, net:
External	—			(97		)	—			—			(97		)
Intercompany	—			(57		)	57			—			—
Equity in earnings of subsidiaries	11			22			—			(33		)	—
Income (loss) before income taxes	11			(288		)	330			(33		)	20
Federal, state and local income tax benefit (expense)	—			114			(125		)	—			(11		)
Net income (loss)	11			(174		)	205			(33		)	9
Net loss attributable to noncontrolling interest	—			—			2			—			2
Net income (loss) attributable to Macy's, Inc. shareholders	$	11		$	(174	)	$	207		$	(33	)	$	11
Comprehensive income (loss)	$	(6	)	$	(191	)	$	195		$	(6	)	$	(8	)
Comprehensive loss attributable to noncontrolling interest	—			—			2			—			2
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	$	(6	)	$	(191	)	$	197		$	(6	)	$	(6	)

Condensed Consolidating Statement of Comprehensive Income

For the 13 Weeks Ended August 1, 2015

(millions)



	Parent		Subsidiary Issuer			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—	$	2,761		$	5,049		$	(1,706	)	$	6,104
Cost of sales	—		(1,688		)	(3,628		)	1,706			(3,610		)
Gross margin	—		1,073			1,421			—			2,494
Selling, general and administrative expenses	—		(1,025		)	(1,033		)	—			(2,058		)
Operating income	—		48			388			—			436
Interest (expense) income, net:
External	—		(93		)	—			—			(93		)
Intercompany	—		(57		)	57			—			—
Equity in earnings of subsidiaries	217		86			—			(303		)	—
Income (loss) before income taxes	217		(16		)	445			(303		)	343
Federal, state and local income tax benefit (expense)	—		42			(168		)	—			(126		)
Net income	217		26			277			(303		)	217
Net loss attributable to noncontrolling interest	—		—			—			—			—
Net income attributable to Macy's, Inc. shareholders	$	217	$	26		$	277		$	(303	)	$	217
Comprehensive income	$	224	$	33		$	282		$	(315	)	$	224
Comprehensive loss attributable to noncontrolling interest	—		—			—			—			—
Comprehensive income attributable to Macy's, Inc. shareholders	$	224	$	33		$	282		$	(315	)	$	224

Condensed Consolidating Statement of Comprehensive Income

For the 26 Weeks Ended July 30, 2016

(millions)



	Parent			Subsidiary Issuer			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	4,948		$	10,363		$	(3,674	)	$	11,637
Cost of sales	—			(3,127		)	(7,531		)	3,674			(6,984		)
Gross margin	—			1,821			2,832			—			4,653
Selling, general and administrative expenses	(1		)	(1,823		)	(2,168		)	—			(3,992		)
Impairments and other costs	—			(184		)	(65		)	—			(249		)
Settlement charges	—			(5		)	(14		)	—			(19		)
Operating income (loss)	(1		)	(191		)	585			—			393
Interest (expense) income, net:
External	1			(196		)	—			—			(195		)
Intercompany	—			(115		)	115			—			—
Equity in earnings of subsidiaries	127			32			—			(159		)	—
Income (loss) before income taxes	127			(470		)	700			(159		)	198
Federal, state and local income tax benefit (expense)	—			175			(249		)	—			(74		)
Net income (loss)	127			(295		)	451			(159		)	124
Net loss attributable to noncontrolling interest				—			3			—			3
Net income (loss) attributable to Macy's, Inc. shareholders	$	127		$	(295	)	$	454		$	(159	)	$	127
Comprehensive income (loss)	$	102		$	(320	)	$	436		$	(119	)	$	99
Comprehensive loss attributable to noncontrolling interest	—			—			3			—			3
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	$	102		$	(320	)	$	439		$	(119	)	$	102

Condensed Consolidating Statement of Comprehensive Income

For the 26 Weeks Ended August 1, 2015

(millions)



	Parent			Subsidiary Issuer			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	5,537		$	10,740		$	(3,941	)	$	12,336
Cost of sales	—			(3,497		)	(7,854		)	3,941			(7,410		)
Gross margin	—			2,040			2,886			—			4,926
Selling, general and administrative expenses	(1		)	(2,005		)	(2,075		)	—			(4,081		)
Operating income (loss)	(1		)	35			811			—			845
Interest (expense) income, net:
External	—			(188		)	—			—			(188		)
Intercompany	—			(115		)	115			—			—
Equity in earnings of subsidiaries	411			146			—			(557		)	—
Income (loss) before income taxes	410			(122		)	926			(557		)	657
Federal, state and local income tax benefit (expense)	—			79			(326		)	—			(247		)
Net income (loss)	410			(43		)	600			(557		)	410
Net loss attributable to noncontrolling interest	—			—			—			—			—
Net income (loss) attributable to Macy's, Inc. shareholders	$	410		$	(43	)	$	600		$	(557	)	$	410
Comprehensive income (loss)	$	425		$	(28	)	$	609		$	(581	)	$	425
Comprehensive loss attributable to noncontrolling interest	—			—			—			—			—
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	$	425		$	(28	)	$	609		$	(581	)	$	425

Condensed Consolidating Statement of Cash Flows [Table Text Block]

Condensed Consolidating Statement of Cash Flows

For the 26 Weeks Ended July 30, 2016

(millions)



	Parent			Subsidiary Issuer			Other Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows from operating activities:
Net income (loss)	$	127		$	(295	)	$	451		$	(159	)	$	124
Impairments and other costs	—			184			65			—			249
Settlement charges	—			5			14			—			19
Equity in earnings of subsidiaries	(127		)	(32		)	—			159			—
Dividends received from subsidiaries	303			575			—			(878		)	—
Depreciation and amortization	—			205			315			—			520
(Increase) decrease in working capital	32			361			(733		)	—			(340		)
Other, net	17			(31		)	2			—			(12		)
Net cash provided by operating activities	352			972			114			(878		)	560
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net	—			(50		)	(327		)	—			(377		)
Other, net	—			43			(4		)	—			39
Net cash used by investing activities	—			(7		)	(331		)	—			(338		)
Cash flows from financing activities:
Debt repaid	—			(3		)	—			—			(3		)
Dividends paid	(228		)	—			(878		)	878			(228		)
Common stock acquired, net of issuance of common stock	(103		)	—			—			—			(103		)
Proceeds from noncontrolling interest	—			—			4			—			4
Intercompany activity, net	(139		)	(937		)	1,076			—			—
Other, net	(2		)	(27		)	28			—			(1		)
Net cash provided (used) by financing activities	(472		)	(967		)	230			878			(331		)
Net increase (decrease) in cash and cash equivalents	(120		)	(2		)	13			—			(109		)
Cash and cash equivalents at beginning of period	741			91			277			—			1,109
Cash and cash equivalents at end of period	$	621		$	89		$	290		$	—		$	1,000

Condensed Consolidating Statement of Cash Flows

For the 26 Weeks Ended August 1, 2015

(millions)



	Parent			Subsidiary Issuer			Other Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows from operating activities:
Net income (loss)	$	410		$	(43	)	$	600		$	(557	)	$	410
Equity in earnings of subsidiaries	(411		)	(146		)	—			557			—
Dividends received from subsidiaries	337			—			—			(337		)	—
Depreciation and amortization	—			214			306			—			520
Increase in working capital	(11		)	(17		)	(503		)	—			(531		)
Other, net	24			2			(27		)	—			(1		)
Net cash provided by operating activities	349			10			376			(337		)	398
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net	—			(158		)	(349		)	—			(507		)
Other, net	—			9			(117		)	—			(108		)
Net cash used by investing activities	—			(149		)	(466		)	—			(615		)
Cash flows from financing activities:
Debt repaid	—			(72		)	—			—			(72		)
Dividends paid	(227		)	—			(337		)	337			(227		)
Common stock acquired, net of issuance of common stock	(751		)	—			—			—			(751		)
Intercompany activity, net	(722		)	262			460			—			—
Other, net	(46		)	(69		)	(21		)	—			(136		)
Net cash provided (used) by financing activities	(1,746		)	121			102			337			(1,186		)
Net increase (decrease) in cash and cash equivalents	(1,397		)	(18		)	12			—			(1,403		)
Cash and cash equivalents at beginning of period	1,908			94			244			—			2,246
Cash and cash equivalents at end of period	$	511		$	76		$	256		$	—		$	843