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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 30, 2016
Aug. 01, 2015
Jul. 30, 2016
Aug. 01, 2015
Income Statement [Abstract]        
Net sales $ 5,866 $ 6,104 $ 11,637 $ 12,336
Cost of sales (3,468) (3,610) (6,984) (7,410)
Gross margin 2,398 2,494 4,653 4,926
Selling, general and administrative expenses (2,026) (2,058) (3,992) (4,081)
Impairments and other costs (249) 0 (249) 0
Settlement charges (6) 0 (19) 0
Operating income (loss) 117 436 393 845
Interest expense (98) (94) (197) (189)
Interest income 1 1 2 1
Income (loss) before income taxes 20 343 198 657
Federal, state and local income tax expense (11) (126) (74) (247)
Net income (loss) 9 217 124 410
Net loss attributable to noncontrolling interest 2 0 3 0
Net income (loss) attributable to Macy's, Inc. shareholders $ 11 $ 217 $ 127 $ 410
Basic earnings per share attributable to Macy's, Inc. shareholders $ 0.03 $ 0.65 $ 0.41 $ 1.21
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 0.03 $ 0.64 $ 0.41 $ 1.19