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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 29, 2016
Oct. 31, 2015
Oct. 29, 2016
Oct. 31, 2015
Income Statement [Abstract]        
Net sales $ 5,626 $ 5,874 $ 17,263 $ 18,210
Cost of sales (3,386) (3,537) (10,370) (10,947)
Gross margin 2,240 2,337 6,893 7,263
Selling, general and administrative expenses (2,071) (1,968) (6,063) (6,049)
Impairments and other costs 0 (111) (249) (111)
Settlement charges (62) 0 (81) 0
Operating income (loss) 107 258 500 1,103
Interest expense (82) (80) (279) (269)
Interest income 1 0 3 1
Income (loss) before income taxes 26 178 224 835
Federal, state and local income tax expense (11) (61) (85) (308)
Net income (loss) 15 117 139 527
Net loss attributable to noncontrolling interest 2 1 5 1
Net income (loss) attributable to Macy's, Inc. shareholders $ 17 $ 118 $ 144 $ 528
Basic earnings per share attributable to Macy's, Inc. shareholders $ 0.05 $ 0.36 $ 0.46 $ 1.58
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 0.05 $ 0.36 $ 0.46 $ 1.56