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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 29, 2017
Jul. 30, 2016
Jul. 29, 2017
Jul. 30, 2016
Income Statement [Abstract]        
Net sales $ 5,552 $ 5,866 $ 10,890 $ 11,637
Cost of sales (3,313) (3,468) (6,619) (6,984)
Gross margin 2,239 2,398 4,271 4,653
Selling, general and administrative expenses (1,977) (2,047) (3,857) (4,027)
Gains on sale of real estate 43 21 111 35
Impairments and other costs 0 (249) 0 (249)
Settlement charges (51) (6) (51) (19)
Operating income (loss) 254 117 474 393
Interest expense (82) (98) (168) (197)
Net premiums on early retirement of debt 2 0 (1) 0
Interest income 3 1 5 2
Income (loss) before income taxes 177 20 310 198
Federal, state and local income tax expense (64) (11) (127) (74)
Net income (loss) 113 9 183 124
Net loss attributable to noncontrolling interest 3 2 4 3
Net income (loss) attributable to Macy's, Inc. shareholders $ 116 $ 11 $ 187 $ 127
Basic earnings per share attributable to Macy's, Inc. shareholders $ 0.38 $ 0.03 $ 0.61 $ 0.41
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 0.38 $ 0.03 $ 0.61 $ 0.41