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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Apr. 29, 2017
Apr. 30, 2016
Income Statement [Abstract]    
Net sales $ 5,338 $ 5,771
Cost of sales (3,306) (3,516)
Gross margin 2,032 2,255
Selling, general and administrative expenses (1,812) (1,966)
Settlement charges 0 (13)
Operating income (loss) 220 276
Interest expense (86) (99)
Premiums on early retirement of debt (3) 0
Interest income 2 1
Income (loss) before income taxes 133 178
Federal, state and local income tax expense (63) (63)
Net income (loss) 70 115
Net loss attributable to noncontrolling interest 1 1
Net income (loss) attributable to Macy's, Inc. shareholders $ 71 $ 116
Basic earnings per share attributable to Macy's, Inc. shareholders $ 0.23 $ 0.37
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 0.23 $ 0.37