Macy's (M) 10-Q 1 Dec 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Oct. 31, 2015shares
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	M
Entity Registrant Name	Macy's, Inc.
Entity Central Index Key	794,367
Current Fiscal Year End Date	--01-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	314,367,528

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Income Statement [Abstract]
Net sales	$ 5,874	$ 6,195	$ 18,210	$ 18,741
Cost of sales	(3,537)	(3,766)	(10,947)	(11,274)
Gross margin	2,337	2,429	7,263	7,467
Selling, general and administrative expenses	(1,968)	(2,007)	(6,049)	(6,031)
Asset impairments	(111)	0	(111)	0
Operating income (loss)	258	422	1,103	1,436
Interest expense	(80)	(97)	(269)	(298)
Interest income	0	1	1	2
Income (loss) before income taxes	178	326	835	1,140
Federal, state and local income tax expense	(61)	(109)	(308)	(407)
Net income (loss)	117	217	527	733
Net loss attributable to noncontrolling interest	1	0	1	0
Net income (loss) attributable to Macy's, Inc. shareholders	$ 118	$ 217	$ 528	$ 733
Basic earnings per share	$ 0.36	$ 0.62	$ 1.58	$ 2.04
Diluted earnings per share	$ 0.36	$ 0.61	$ 1.56	$ 2.01

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Net income (loss)	$ 117	$ 217	$ 527	$ 733
Amortization of net actuarial loss on post employment and postretirement benefit plans, before tax	12	5	36	18
Tax effect related to items of other comprehensive income	5	2	14	7
Total other comprehensive income, net of tax effect	7	3	22	11
Comprehensive income (loss)	124	220	549	744
Comprehensive loss attributable to noncontrolling interest	1	0	1	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	$ 125	$ 220	$ 550	$ 744

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014	Feb. 01, 2014
Current Assets:
Cash and cash equivalents	$ 474	$ 2,246	$ 1,048	$ 2,273
Receivables	200	424	292
Merchandise inventories	8,145	5,516	7,789
Prepaid expenses and other current assets	425	493	424
Total Current Assets	9,244	8,679	9,553
Property and Equipment - net	7,629	7,800	7,787
Goodwill	3,897	3,743	3,743
Other Intangible Assets - net	518	496	504
Other Assets	798	743	825
Total Assets	22,086	21,461	22,412
Current Liabilities:
Short-term debt	857	76	76
Merchandise accounts payable	3,776	1,693	3,814
Accounts payable and accrued liabilities	2,692	3,109	2,563
Income taxes	102	296	114
Deferred income taxes	375	362	396
Total Current Liabilities	7,802	5,536	6,963
Long-Term Debt	7,106	7,265	7,130
Deferred Income Taxes	1,078	1,081	1,314
Other Liabilities	2,125	2,201	1,654
Shareholders' Equity, Macy's, Inc.	3,971	5,378	5,351
Shareholders' Equity, noncontrolling interest	4	0	0
Total Shareholders’ Equity	3,975	5,378	5,351
Total Liabilities and Shareholders' Equity	$ 22,086	$ 21,461	$ 22,412

Consolidated Balance Sheets (pa

Consolidated Balance Sheets (parenthetical) - USD ($) $ in Millions	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014
Accumulated depreciation	$ 6,086	$ 5,594	$ 6,633

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Net income (loss)	$ 527	$ 733
Asset impairments	111	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	791	770
Stock-based compensation expense	65	55
Amortization of financing costs and premium on acquired debt	(14)	(4)
Changes in assets and liabilities:
Decrease in receivables	226	154
Increase in merchandise inventories	(2,600)	(2,232)
Increase in prepaid expenses and other current assets	(36)	(4)
Increase in other assets not separately identified	(1)	(46)
Increase in merchandise accounts payable	1,843	1,935
Decrease in accounts payable, accrued liabilities and other items not separately identified	(380)	(298)
Decrease in current income taxes	(194)	(248)
Increase (decrease) in deferred income taxes	(21)	29
Decrease in other liabilities not separately identified	(39)	(3)
Net cash provided (used) by operating activities	278	841
Cash flows from investing activities:
Purchase of property and equipment	(591)	(547)
Capitalized software	(249)	(190)
Acquisition of Bluemercury, Inc., net of cash acquired	(212)	0
Disposition of property and equipment	94	79
Other, net	97	(2)
Net cash used by investing activities	(861)	(660)
Cash flows from financing activities:
Debt issued	791	500
Financing costs	0	(5)
Debt repaid	(152)	(462)
Dividends paid	(344)	(314)
Increase in outstanding checks	136	123
Acquisition of treasury stock	(1,785)	(1,456)
Issuance of common stock	160	208
Proceeds from noncontrolling interest	5	0
Net cash provided (used) by financing activities	(1,189)	(1,406)
Net increase (decrease) in cash and cash equivalents	(1,772)	(1,225)
Cash and cash equivalents beginning of period	2,246	2,273
Cash and cash equivalents end of period	474	1,048
Supplemental cash flow information:
Interest paid	274	284
Interest received	2	2
Income taxes paid (net of refunds received)	$ 474	$ 565

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Nature of Operations Macy's, Inc. and subsidiaries (the "Company") is an omnichannel retail organization operating stores, websites and mobile applications under three brands (Macy's, Bloomingdale's and Bluemercury) that sell a wide range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods. The Company's operations include approximately 900 Macy's, Macy's Backstage, Bloomingdale's, Bloomingdales Outlet and Bluemercury stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. In addition, Bloomingdale's in Dubai, United Arab Emirates is operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC. In August 2015, the Company established a joint venture, Macy's China Limited, of which the Company holds a sixty-five percent ownership interest and Hong Kong-based Fung Retailing Limited holds the remaining thirty-five percent ownership interest. Macy's China Limited will begin selling merchandise in China in the fourth quarter of 2015 through an e-commerce presence on Alibaba Group's Tmall Global. The Consolidated Financial Statements include the accounts of Macy's, Inc. and the newly established majority-owned subsidiary, Macy's China Limited. The noncontrolling interest represents the Fung Retailing Limited's thirty-five percent proportionate share of the results of Macy's China Limited. All intercompany transactions and balances have been eliminated in consolidation. A description of the Company's significant accounting policies is included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2015 (the "2014 10-K"). The accompanying Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto in the 2014 10-K. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates and assumptions are subject to inherent uncertainties, which may result in actual amounts differing from reported amounts. The Consolidated Financial Statements for the 13 and 39 weeks ended October 31, 2015 and November 1, 2014 , in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly, in all material respects, the consolidated financial position and results of operations of the Company. Seasonality Because of the seasonal nature of the retail business, the results of operations for the 13 and 39 weeks ended October 31, 2015 and November 1, 2014 (which do not include the Christmas season) are not necessarily indicative of such results for the full fiscal year. Reclassifications Certain reclassifications were made to prior years’ amounts to conform with the classifications of such amounts for the most recent fiscal period. Comprehensive Income Total comprehensive income represents the change in equity during a period from sources other than transactions with shareholders and, as such, includes net income. For the Company, the only other component of total comprehensive income for the 13 and 39 weeks ended October 31, 2015 and November 1, 2014 is the amortization of post employment and postretirement plan items. These reclassifications out of accumulated other comprehensive loss are included in the computation of net periodic benefit cost (income) and are included in selling, general and administrative expenses on the Consolidated Statements of Income. See Note 4, "Benefit Plans," for further information.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Attributable to Macy's, Inc. Shareholders The following tables set forth the computation of basic and diluted earnings per share attributable to Macy's, Inc. shareholders: 13 Weeks Ended October 31, 2015 November 1, 2014 Net Income Shares Net Income Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 118 324.5 $ 217 350.8 Shares to be issued under deferred 0.8 0.8 $ 118 325.3 $ 217 351.6 Basic earnings per share attributable to $ .36 $ .62 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 4.4 6.1 $ 118 329.7 $ 217 357.7 Diluted earnings per share attributable to $ .36 $ .61 39 Weeks Ended October 31, 2015 November 1, 2014 Net Income Shares Net Income Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 528 333.0 $ 733 358.0 Shares to be issued under deferred 0.9 0.9 $ 528 333.9 $ 733 358.9 Basic earnings per share attributable to $ 1.58 $ 2.04 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 5.1 6.3 $ 528 339.0 $ 733 365.2 Diluted earnings per share attributable to $ 1.56 $ 2.01 In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing tables, stock options to purchase 6.2 million shares of common stock and restricted stock units relating to 0.7 million shares of common stock were outstanding at October 31, 2015 , but were not included in the computation of diluted earnings per share for the 13 or 39 weeks ended October 31, 2015 because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met. In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing tables, stock options to purchase 3.2 million shares of common stock and restricted stock units relating to 0.9 million shares of common stock were outstanding at November 1, 2014 , but were not included in the computation of diluted earnings per share for the 13 or 39 weeks ended November 1, 2014 because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.

Financing Activities

Financing Activities	9 Months Ended
	Oct. 31, 2015
Financing Activities [Abstract]
Financing Activities	Financing Activities The following table shows the detail of debt repayments: 39 Weeks Ended October 31, 2015 November 1, 2014 (millions) 7.5% Senior debentures due 2015 $ 69 $ — 8.125% Senior debentures due 2035 76 — 5.75% Senior notes due 2014 — 453 9.5% amortizing debentures due 2021 4 4 9.75% amortizing debentures due 2021 2 2 Capital leases and other obligations 1 3 $ 152 $ 462 On June 1, 2015 , the Company repaid $69 million of 7.5% senior debentures at maturity. On August 17, 2015, the Company redeemed at par the principal amount of $76 million of 8.125% senior debentures due 2035, pursuant to the terms of the debentures. Interest expense in 2015 benefited from the recognition of unamortized debt premium associated with this debt. On May 23, 2014 , the Company issued $500 million aggregate principal amount of 3.625% senior unsecured notes due 2024 . On July 15, 2014 , the Company repaid $453 million of 5.75% senior unsecured notes at maturity. The Company is party to a $1,500 million unsecured commercial paper program. The Company may issue and sell commercial paper in an aggregate amount outstanding at any particular time not to exceed its then-current combined borrowing availability under the bank credit agreement with certain financial institutions. As of October 31, 2015, the Company had $791 million of seasonal borrowings outstanding under this commercial paper program at a weighted average interest rate of 0.42% and with a weighted average maturity of less than ten days. During the 39 weeks ended October 31, 2015 , the Company repurchased approximately 30.6 million shares of its common stock pursuant to existing stock purchase authorizations for a total of approximately $1,837 million . As of October 31, 2015 , the Company had $695 million of authorization remaining under its share repurchase program. The Company may continue or, from time to time, suspend repurchases of shares under its share repurchase program, depending on prevailing market conditions, alternate uses of capital and other factors.

Benefit Plans

Benefit Plans	9 Months Ended
	Oct. 31, 2015
Pension and Other Postretirement Benefit Expense [Abstract]
Benefit Plans	Benefit Plans The Company has defined contribution plans which cover substantially all employees who work 1,000 hours or more in a year. In addition, the Company has a funded defined benefit plan ("Pension Plan") and an unfunded defined benefit supplementary retirement plan ("SERP"), which provides benefits, for certain employees, in excess of qualified plan limitations. Effective January 1, 2012, the Pension Plan was closed to new participants, with limited exceptions, and effective January 2, 2012, the SERP was closed to new participants. In February 2013, the Company announced changes to the Pension Plan and SERP whereby eligible employees no longer earn future pension service credits after December 31, 2013, with limited exceptions. All retirement benefits attributable to service in subsequent periods are provided through defined contribution plans. In addition, certain retired employees currently are provided with specified health care and life insurance benefits ("Postretirement Obligations"). Eligibility requirements for such benefits vary, but generally state that benefits are available to eligible employees who were hired prior to a certain date and retire after a certain age with specified years of service. Certain employees are subject to having such benefits modified or terminated. The defined contribution plan expense and actuarially determined components of the net periodic benefit cost (income) associated with the defined benefit plans are as follows: 13 Weeks Ended 39 Weeks Ended October 31, 2015 November 1, 2014 October 31, 2015 November 1, 2014 (millions) 401(k) Defined Contribution Plan $ 22 $ 21 $ 69 $ 71 Pension Plan Service cost $ 2 $ 2 $ 5 $ 5 Interest cost 35 38 103 113 Expected return on assets (59 ) (62 ) (176 ) (185 ) Recognition of net actuarial loss 9 6 28 19 Amortization of prior service credit — — — — $ (13 ) $ (16 ) $ (40 ) $ (48 ) Supplementary Retirement Plan Service cost $ — $ — $ — $ — Interest cost 7 8 23 25 Recognition of net actuarial loss 3 1 8 3 Amortization of prior service cost — — — — $ 10 $ 9 $ 31 $ 28 Total Retirement Expense $ 19 $ 14 $ 60 $ 51 Postretirement Obligations Service cost $ — $ — $ — $ — Interest cost 2 3 6 7 Recognition of net actuarial gain — (2 ) — (4 ) Amortization of prior service cost — — — — $ 2 $ 1 $ 6 $ 3

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 31, 2015
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]
Fair Value Measurements	Fair Value Measurements The following table shows the Company's financial assets that are required to be measured at fair value on a recurring basis, by level within the hierarchy as defined by applicable accounting standards: October 31, 2015 November 1, 2014 Fair Value Measurements Fair Value Measurements Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (millions) Marketable equity and debt securities $ 98 $ — $ 98 $ — $ 94 $ — $ 94 $ — Other financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, receivables, short-term debt, merchandise accounts payable, accounts payable and accrued liabilities and long-term debt. With the exception of long-term debt, the carrying amount approximates fair value because of the short maturity of these instruments. The fair values of long-term debt, excluding capitalized leases, are generally estimated based on quoted market prices for identical or similar instruments, and are classified as Level 2 measurements within the hierarchy as defined by applicable accounting standards. The following table shows the estimated fair value of the Company's long-term debt: October 31, 2015 November 1, 2014 Notional Amount Carrying Amount Fair Value Notional Amount Carrying Amount Fair Value (millions) Long-term debt $ 6,933 $ 7,078 $ 7,268 $ 6,947 $ 7,114 $ 7,747 The following table shows certain of the Company's non-financial assets that were measured at fair value on a nonrecurring basis during 2015: October 31, 2015 Fair Value Measurements Total Quoted Prices Significant Significant (millions) Long-lived assets held and used $ 39 $ — $ — $ 39 The carrying value of long-lived assets is periodically reviewed by the Company whenever events or changes in circumstances indicate that a potential impairment has occurred. For long-lived assets held for use, a potential impairment has occurred if projected future undiscounted cash flows are less than the carrying value of the assets. The estimate of cash flows includes management’s assumptions of cash inflows and outflows directly resulting from the use of those assets in operations. When a potential impairment has occurred, an impairment write-down is recorded if the carrying value of the long-lived asset exceeds its fair value. The Company has announced a plan to dispose of certain underperforming Macy’s stores before the end of their previously estimated useful lives as the Company works to optimize its omnichannel approach to customers across America. As a result, impairment reviews of the Company’s long-lived assets were required and estimated cash flows have been revised accordingly. As part of this impairment review during the third quarter of 2015, long-lived assets held and used with a carrying value of $150 million were written down to their fair value of $39 million , resulting in asset impairment charges of $111 million . Additionally, related liabilities will arise such as severance, contractual obligations and other accruals associated with store closings when the final determination is made regarding which Macy’s stores will be closed. The Company estimates these liabilities based on the facts and circumstances in existence for each restructuring decision. The amounts the Company will ultimately realize or disburse could differ from the amounts assumed in arriving at the asset impairment charges recorded and any restructuring charge recorded in the future. The Company believes its estimated cash flows are sufficient to support the carrying value of its long-lived assets. If estimated cash flows significantly differ in the future, the Company may be required to record additional asset impairment write-downs.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	9 Months Ended
	Oct. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidating Financial Information Certain debt obligations of the Company, which constitute debt obligations of Macy's Retail Holdings, Inc. ("Subsidiary Issuer"), a 100%-owned subsidiary of Macy's, Inc. ("Parent"), are fully and unconditionally guaranteed by Parent. In the following condensed consolidating financial statements, "Other Subsidiaries" includes all other direct subsidiaries of Parent, including Bluemercury, Inc., FDS Bank, West 34th Street Insurance Company and its subsidiary West 34th Street Insurance Company New York, Macy's Merchandising Corporation, Macy's Merchandising Group, Inc. and its subsidiaries Macy's Merchandising Group Procurement, LLC, Macy's Merchandising Group International, LLC, Macy's Merchandising Group International (Hong Kong) Limited, Macy's Merchandising Group (Hong Kong) Limited, and its majority-owned subsidiary Macy's China Limited. "Subsidiary Issuer" includes operating divisions and non-guarantor subsidiaries of the Subsidiary Issuer on an equity basis. The assets and liabilities and results of operations of the non-guarantor subsidiaries of the Subsidiary Issuer are also reflected in "Other Subsidiaries." Condensed Consolidating Balance Sheets as of October 31, 2015 , November 1, 2014 and January 31, 2015 , the related Condensed Consolidating Statements of Comprehensive Income for the 13 and 39 weeks ended October 31, 2015 and November 1, 2014 , and the related Condensed Consolidating Statements of Cash Flows for the 39 weeks ended October 31, 2015 and November 1, 2014 are presented on the following pages. Condensed Consolidating Balance Sheet As of October 31, 2015 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 11 $ 94 $ 369 $ — $ 474 Receivables — 38 162 — 200 Merchandise inventories — 4,053 4,092 — 8,145 Prepaid expenses and other current assets — 92 333 — 425 Income taxes 32 — — (32 ) — Total Current Assets 43 4,277 4,956 (32 ) 9,244 Property and Equipment – net — 4,112 3,517 — 7,629 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 59 459 — 518 Other Assets 2 74 722 — 798 Deferred Income Taxes 17 — — (17 ) — Intercompany Receivable — — 3,413 (3,413 ) — Investment in Subsidiaries 4,644 3,621 — (8,265 ) — Total Assets $ 4,706 $ 15,458 $ 13,649 $ (11,727 ) $ 22,086 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 856 $ 1 $ — $ 857 Merchandise accounts payable — 1,825 1,951 — 3,776 Accounts payable and accrued liabilities 103 1,118 1,471 — 2,692 Income taxes — 4 130 (32 ) 102 Deferred income taxes — 304 71 — 375 Total Current Liabilities 103 4,107 3,624 (32 ) 7,802 Long-Term Debt — 7,087 19 — 7,106 Intercompany Payable 601 2,812 — (3,413 ) — Deferred Income Taxes — 396 699 (17 ) 1,078 Other Liabilities 31 580 1,514 — 2,125 Shareholders' Equity: Macy's, Inc. 3,971 476 7,789 (8,265 ) 3,971 Noncontrolling Interest — — 4 — 4 Total Shareholders' Equity 3,971 476 7,793 (8,265 ) 3,975 Total Liabilities and Shareholders' Equity $ 4,706 $ 15,458 $ 13,649 $ (11,727 ) $ 22,086 Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended October 31, 2015 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,654 $ 6,366 $ (3,146 ) $ 5,874 Cost of sales — (1,761 ) (4,922 ) 3,146 (3,537 ) Gross margin — 893 1,444 — 2,337 Selling, general and administrative expenses — (957 ) (1,011 ) — (1,968 ) Asset impairments — (102 ) (9 ) — (111 ) Operating income (loss) — (166 ) 424 — 258 Interest (expense) income, net: External — (79 ) (1 ) — (80 ) Intercompany — (58 ) 58 — — Equity in earnings of subsidiaries 117 (9 ) — (108 ) — Income (loss) before income taxes 117 (312 ) 481 (108 ) 178 Federal, state and local income 1 84 (146 ) — (61 ) Net income (loss) 118 (228 ) 335 (108 ) 117 Net loss attributable to noncontrolling interest — — 1 — 1 Net income (loss) attributable to $ 118 $ (228 ) $ 336 $ (108 ) $ 118 Comprehensive income (loss) $ 125 $ (221 ) $ 339 $ (119 ) $ 124 Comprehensive loss attributable to — — 1 — 1 Comprehensive income (loss) attributable to $ 125 $ (221 ) $ 340 $ (119 ) $ 125 Condensed Consolidating Statement of Comprehensive Income For the 39 Weeks Ended October 31, 2015 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 8,191 $ 17,106 $ (7,087 ) $ 18,210 Cost of sales — (5,258 ) (12,776 ) 7,087 (10,947 ) Gross margin — 2,933 4,330 — 7,263 Selling, general and administrative expenses (1 ) (2,962 ) (3,086 ) — (6,049 ) Asset impairments — (102 ) (9 ) — (111 ) Operating income (loss) (1 ) (131 ) 1,235 — 1,103 Interest (expense) income, net: External — (267 ) (1 ) — (268 ) Intercompany — (173 ) 173 — — Equity in earnings of subsidiaries 528 137 — (665 ) — Income (loss) before income taxes 527 (434 ) 1,407 (665 ) 835 Federal, state and local income 1 163 (472 ) — (308 ) Net income (loss) 528 (271 ) 935 (665 ) 527 Net loss attributable to noncontrolling interest — — 1 — 1 Net income (loss) attributable to $ 528 $ (271 ) $ 936 $ (665 ) $ 528 Comprehensive income (loss) $ 550 $ (249 ) $ 948 $ (700 ) $ 549 Comprehensive loss attributable to — — 1 — 1 Comprehensive income (loss) attributable to $ 550 $ (249 ) $ 949 $ (700 ) $ 550 Condensed Consolidating Statement of Cash Flows For the 39 Weeks Ended October 31, 2015 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 528 $ (271 ) $ 935 $ (665 ) $ 527 Asset impairments — 102 9 — 111 Equity in earnings of subsidiaries (528 ) (137 ) — 665 — Dividends received from subsidiaries 597 — — (597 ) — Depreciation and amortization — 330 461 — 791 (Increase) decrease in working capital 55 (329 ) (867 ) — (1,141 ) Other, net (3 ) 2 (9 ) — (10 ) Net cash provided (used) by operating activities 649 (303 ) 529 (597 ) 278 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net — (216 ) (530 ) — (746 ) Other, net — 14 (129 ) — (115 ) Net cash used by investing activities — (202 ) (659 ) — (861 ) Cash flows from financing activities: Debt issued, net of debt repaid — 640 (1 ) — 639 Dividends paid (344 ) — (597 ) 597 (344 ) Common stock acquired, net of (1,625 ) — — — (1,625 ) Proceeds from noncontrolling interest — — 5 — 5 Intercompany activity, net (587 ) (73 ) 660 — — Other, net 10 (62 ) 188 — 136 Net cash provided (used) by (2,546 ) 505 255 597 (1,189 ) Net increase (decrease) in cash (1,897 ) — 125 — (1,772 ) Cash and cash equivalents at beginning of period 1,908 94 244 — 2,246 Cash and cash equivalents at end of period $ 11 $ 94 $ 369 $ — $ 474 Condensed Consolidating Balance Sheet As of November 1, 2014 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 650 $ 105 $ 293 $ — $ 1,048 Receivables — 58 234 — 292 Merchandise inventories — 3,997 3,792 — 7,789 Prepaid expenses and other current assets — 95 329 — 424 Income taxes — — — — — Total Current Assets 650 4,255 4,648 — 9,553 Property and Equipment – net — 4,447 3,340 — 7,787 Goodwill — 3,315 428 — 3,743 Other Intangible Assets – net — 80 424 — 504 Other Assets 3 122 700 — 825 Deferred Income Taxes 15 — — (15 ) — Intercompany Receivable 245 — 3,396 (3,641 ) — Investment in Subsidiaries 4,596 3,362 — (7,958 ) — Total Assets $ 5,509 $ 15,581 $ 12,936 $ (11,614 ) $ 22,412 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 75 $ 1 $ — $ 76 Merchandise accounts payable — 1,763 2,051 — 3,814 Accounts payable and accrued liabilities 115 1,067 1,381 — 2,563 Income taxes 3 38 73 — 114 Deferred income taxes — 310 86 — 396 Total Current Liabilities 118 3,253 3,592 — 6,963 Long-Term Debt — 7,110 20 — 7,130 Intercompany Payable — 3,641 — (3,641 ) — Deferred Income Taxes — 524 805 (15 ) 1,314 Other Liabilities 40 520 1,094 — 1,654 Shareholders' Equity: Macy's, Inc. 5,351 533 7,425 (7,958 ) 5,351 Noncontrolling Interest — — — — — Total Shareholders' Equity 5,351 533 7,425 (7,958 ) 5,351 Total Liabilities and Shareholders' Equity $ 5,509 $ 15,581 $ 12,936 $ (11,614 ) $ 22,412 Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended November 1, 2014 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,920 $ 6,365 $ (3,090 ) $ 6,195 Cost of sales — (1,916 ) (4,940 ) 3,090 (3,766 ) Gross margin — 1,004 1,425 — 2,429 Selling, general and administrative expenses — (1,069 ) (938 ) — (2,007 ) Operating income (loss) — (65 ) 487 — 422 Interest (expense) income, net: External — (96 ) — — (96 ) Intercompany — (56 ) 56 — — Equity in earnings of subsidiaries 217 21 — (238 ) — Income (loss) before income taxes 217 (196 ) 543 (238 ) 326 Federal, state and local income — 60 (169 ) — (109 ) Net income (loss) 217 (136 ) 374 (238 ) 217 Net loss attributable to noncontrolling interest — — — — — Net income (loss) attributable to $ 217 $ (136 ) $ 374 $ (238 ) $ 217 Comprehensive income (loss) $ 220 $ (133 ) $ 377 $ (244 ) $ 220 Comprehensive loss attributable to — — — — — Comprehensive income (loss) attributable to $ 220 $ (133 ) $ 377 $ (244 ) $ 220 Condensed Consolidating Statement of Comprehensive Income For the 39 Weeks Ended November 1, 2014 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 8,799 $ 16,816 $ (6,874 ) $ 18,741 Cost of sales — (5,580 ) (12,568 ) 6,874 (11,274 ) Gross margin — 3,219 4,248 — 7,467 Selling, general and administrative expenses (2 ) (3,122 ) (2,907 ) — (6,031 ) Operating income (loss) (2 ) 97 1,341 — 1,436 Interest (expense) income, net: External — (296 ) — — (296 ) Intercompany — (172 ) 172 — — Equity in earnings of subsidiaries 735 200 — (935 ) — Income (loss) before income taxes 733 (171 ) 1,513 (935 ) 1,140 Federal, state and local income — 102 (509 ) — (407 ) Net income (loss) 733 (69 ) 1,004 (935 ) 733 Net loss attributable to noncontrolling interest — — — — — Net income (loss) attributable to $ 733 $ (69 ) $ 1,004 $ (935 ) $ 733 Comprehensive income (loss) $ 744 $ (58 ) $ 1,011 $ (953 ) $ 744 Comprehensive loss attributable to — — — — — Comprehensive income (loss) attributable to $ 744 $ (58 ) $ 1,011 $ (953 ) $ 744 Condensed Consolidating Statement of Cash Flows For the 39 Weeks Ended November 1, 2014 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 733 $ (69 ) $ 1,004 $ (935 ) $ 733 Equity in earnings of subsidiaries (735 ) (200 ) — 935 — Dividends received from subsidiaries 775 1 — (776 ) — Depreciation and amortization — 331 439 — 770 (Increase) decrease in working capital 99 (250 ) (542 ) — (693 ) Other, net (14 ) (29 ) 74 — 31 Net cash provided (used) by operating 858 (216 ) 975 (776 ) 841 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net — (209 ) (449 ) — (658 ) Other, net — 6 (8 ) — (2 ) Net cash used by investing activities — (203 ) (457 ) — (660 ) Cash flows from financing activities: Debt issued, net of debt repaid — 39 (1 ) — 38 Dividends paid (314 ) — (776 ) 776 (314 ) Common stock acquired, net of (1,248 ) — — — (1,248 ) Intercompany activity, net (553 ) 416 137 — — Other, net (48 ) (15 ) 181 — 118 Net cash provided (used) by (2,163 ) 440 (459 ) 776 (1,406 ) Net increase (decrease) in cash and (1,305 ) 21 59 — (1,225 ) Cash and cash equivalents at beginning of period 1,955 84 234 — 2,273 Cash and cash equivalents at end of period $ 650 $ 105 $ 293 $ — $ 1,048 Condensed Consolidating Balance Sheet As of January 31, 2015 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 1,908 $ 94 $ 244 $ — $ 2,246 Receivables — 97 327 — 424 Merchandise inventories — 2,817 2,699 — 5,516 Prepaid expenses and other current assets — 113 380 — 493 Income taxes 88 — — (88 ) — Total Current Assets 1,996 3,121 3,650 (88 ) 8,679 Property and Equipment – net — 4,315 3,485 — 7,800 Goodwill — 3,315 428 — 3,743 Other Intangible Assets – net — 73 423 — 496 Other Assets 1 74 668 — 743 Deferred Income Taxes 10 — — (10 ) — Intercompany Receivable — — 4,140 (4,140 ) — Investment in Subsidiaries 4,655 3,526 — (8,181 ) — Total Assets $ 6,662 $ 14,424 $ 12,794 $ (12,419 ) $ 21,461 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 75 $ 1 $ — $ 76 Merchandise accounts payable — 784 909 — 1,693 Accounts payable and accrued liabilities 42 1,360 1,707 — 3,109 Income taxes — 22 362 (88 ) 296 Deferred income taxes — 295 67 — 362 Total Current Liabilities 42 2,536 3,046 (88 ) 5,536 Long-Term Debt — 7,245 20 — 7,265 Intercompany Payable 1,215 2,925 — (4,140 ) — Deferred Income Taxes — 414 677 (10 ) 1,081 Other Liabilities 27 593 1,581 — 2,201 Shareholders' Equity: Macy's, Inc. 5,378 711 7,470 (8,181 ) 5,378 Noncontrolling Interest — — — — — Total Shareholders' Equity 5,378 711 7,470 (8,181 ) 5,378 Total Liabilities and Shareholders' Equity $ 6,662 $ 14,424 $ 12,794 $ (12,419 ) $ 21,461

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Policy)	9 Months Ended
	Oct. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature Of Operations	Nature of Operations Macy's, Inc. and subsidiaries (the "Company") is an omnichannel retail organization operating stores, websites and mobile applications under three brands (Macy's, Bloomingdale's and Bluemercury) that sell a wide range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods. The Company's operations include approximately 900 Macy's, Macy's Backstage, Bloomingdale's, Bloomingdales Outlet and Bluemercury stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. In addition, Bloomingdale's in Dubai, United Arab Emirates is operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC.
Consolidation, Subsidiaries or Other Investments	In August 2015, the Company established a joint venture, Macy's China Limited, of which the Company holds a sixty-five percent ownership interest and Hong Kong-based Fung Retailing Limited holds the remaining thirty-five percent ownership interest. Macy's China Limited will begin selling merchandise in China in the fourth quarter of 2015 through an e-commerce presence on Alibaba Group's Tmall Global. The Consolidated Financial Statements include the accounts of Macy's, Inc. and the newly established majority-owned subsidiary, Macy's China Limited. The noncontrolling interest represents the Fung Retailing Limited's thirty-five percent proportionate share of the results of Macy's China Limited. All intercompany transactions and balances have been eliminated in consolidation.
Use Of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates and assumptions are subject to inherent uncertainties, which may result in actual amounts differing from reported amounts. The Consolidated Financial Statements for the 13 and 39 weeks ended October 31, 2015 and November 1, 2014 , in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly, in all material respects, the consolidated financial position and results of operations of the Company.
Reclassifications	Reclassifications Certain reclassifications were made to prior years’ amounts to conform with the classifications of such amounts for the most recent fiscal period.
Comprehensive Income	Comprehensive Income Total comprehensive income represents the change in equity during a period from sources other than transactions with shareholders and, as such, includes net income. For the Company, the only other component of total comprehensive income for the 13 and 39 weeks ended October 31, 2015 and November 1, 2014 is the amortization of post employment and postretirement plan items. These reclassifications out of accumulated other comprehensive loss are included in the computation of net periodic benefit cost (income) and are included in selling, general and administrative expenses on the Consolidated Statements of Income. See Note 4, "Benefit Plans," for further information.

Fair Value Measurements Impairm

Fair Value Measurements Impairment Policy (Policies)	9 Months Ended
	Oct. 31, 2015
Finite-Lived Intangible Assets, Net [Abstract]
Long-Lived Assets Impairment Policy	The carrying value of long-lived assets is periodically reviewed by the Company whenever events or changes in circumstances indicate that a potential impairment has occurred. For long-lived assets held for use, a potential impairment has occurred if projected future undiscounted cash flows are less than the carrying value of the assets. The estimate of cash flows includes management’s assumptions of cash inflows and outflows directly resulting from the use of those assets in operations. When a potential impairment has occurred, an impairment write-down is recorded if the carrying value of the long-lived asset exceeds its fair value. The Company has announced a plan to dispose of certain underperforming Macy’s stores before the end of their previously estimated useful lives as the Company works to optimize its omnichannel approach to customers across America. As a result, impairment reviews of the Company’s long-lived assets were required and estimated cash flows have been revised accordingly. As part of this impairment review during the third quarter of 2015, long-lived assets held and used with a carrying value of $150 million were written down to their fair value of $39 million , resulting in asset impairment charges of $111 million . Additionally, related liabilities will arise such as severance, contractual obligations and other accruals associated with store closings when the final determination is made regarding which Macy’s stores will be closed. The Company estimates these liabilities based on the facts and circumstances in existence for each restructuring decision. The amounts the Company will ultimately realize or disburse could differ from the amounts assumed in arriving at the asset impairment charges recorded and any restructuring charge recorded in the future. The Company believes its estimated cash flows are sufficient to support the carrying value of its long-lived assets. If estimated cash flows significantly differ in the future, the Company may be required to record additional asset impairment write-downs.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 31, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following tables set forth the computation of basic and diluted earnings per share attributable to Macy's, Inc. shareholders: 13 Weeks Ended October 31, 2015 November 1, 2014 Net Income Shares Net Income Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 118 324.5 $ 217 350.8 Shares to be issued under deferred 0.8 0.8 $ 118 325.3 $ 217 351.6 Basic earnings per share attributable to $ .36 $ .62 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 4.4 6.1 $ 118 329.7 $ 217 357.7 Diluted earnings per share attributable to $ .36 $ .61 39 Weeks Ended October 31, 2015 November 1, 2014 Net Income Shares Net Income Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 528 333.0 $ 733 358.0 Shares to be issued under deferred 0.9 0.9 $ 528 333.9 $ 733 358.9 Basic earnings per share attributable to $ 1.58 $ 2.04 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 5.1 6.3 $ 528 339.0 $ 733 365.2 Diluted earnings per share attributable to $ 1.56 $ 2.01

Financing Activities Financing

Financing Activities Financing Activites (Tables)	9 Months Ended
	Oct. 31, 2015
Extinguishment of Debt [Line Items]
Detail of Debt Repayments	The following table shows the detail of debt repayments: 39 Weeks Ended October 31, 2015 November 1, 2014 (millions) 7.5% Senior debentures due 2015 $ 69 $ — 8.125% Senior debentures due 2035 76 — 5.75% Senior notes due 2014 — 453 9.5% amortizing debentures due 2021 4 4 9.75% amortizing debentures due 2021 2 2 Capital leases and other obligations 1 3 $ 152 $ 462

Benefit Plans (Tables)

Benefit Plans (Tables)	9 Months Ended
	Oct. 31, 2015
Pension and Other Postretirement Benefit Expense [Abstract]
Schedule of Costs of Retirement Plans	The defined contribution plan expense and actuarially determined components of the net periodic benefit cost (income) associated with the defined benefit plans are as follows: 13 Weeks Ended 39 Weeks Ended October 31, 2015 November 1, 2014 October 31, 2015 November 1, 2014 (millions) 401(k) Defined Contribution Plan $ 22 $ 21 $ 69 $ 71 Pension Plan Service cost $ 2 $ 2 $ 5 $ 5 Interest cost 35 38 103 113 Expected return on assets (59 ) (62 ) (176 ) (185 ) Recognition of net actuarial loss 9 6 28 19 Amortization of prior service credit — — — — $ (13 ) $ (16 ) $ (40 ) $ (48 ) Supplementary Retirement Plan Service cost $ — $ — $ — $ — Interest cost 7 8 23 25 Recognition of net actuarial loss 3 1 8 3 Amortization of prior service cost — — — — $ 10 $ 9 $ 31 $ 28 Total Retirement Expense $ 19 $ 14 $ 60 $ 51 Postretirement Obligations Service cost $ — $ — $ — $ — Interest cost 2 3 6 7 Recognition of net actuarial gain — (2 ) — (4 ) Amortization of prior service cost — — — — $ 2 $ 1 $ 6 $ 3

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 31, 2015
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]
Fair Value of Assets Measured on a Recurring Basis	The following table shows the Company's financial assets that are required to be measured at fair value on a recurring basis, by level within the hierarchy as defined by applicable accounting standards: October 31, 2015 November 1, 2014 Fair Value Measurements Fair Value Measurements Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (millions) Marketable equity and debt securities $ 98 $ — $ 98 $ — $ 94 $ — $ 94 $ —
Estimated Fair Values of Company's Long Term Debt	The following table shows the estimated fair value of the Company's long-term debt: October 31, 2015 November 1, 2014 Notional Amount Carrying Amount Fair Value Notional Amount Carrying Amount Fair Value (millions) Long-term debt $ 6,933 $ 7,078 $ 7,268 $ 6,947 $ 7,114 $ 7,747
Fair Value Measurements, Nonrecurring	The following table shows certain of the Company's non-financial assets that were measured at fair value on a nonrecurring basis during 2015: October 31, 2015 Fair Value Measurements Total Quoted Prices Significant Significant (millions) Long-lived assets held and used $ 39 $ — $ — $ 39

Condensed Consolidating Finan19

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Oct. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet [Table Text Block]	Condensed Consolidating Balance Sheet As of January 31, 2015 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 1,908 $ 94 $ 244 $ — $ 2,246 Receivables — 97 327 — 424 Merchandise inventories — 2,817 2,699 — 5,516 Prepaid expenses and other current assets — 113 380 — 493 Income taxes 88 — — (88 ) — Total Current Assets 1,996 3,121 3,650 (88 ) 8,679 Property and Equipment – net — 4,315 3,485 — 7,800 Goodwill — 3,315 428 — 3,743 Other Intangible Assets – net — 73 423 — 496 Other Assets 1 74 668 — 743 Deferred Income Taxes 10 — — (10 ) — Intercompany Receivable — — 4,140 (4,140 ) — Investment in Subsidiaries 4,655 3,526 — (8,181 ) — Total Assets $ 6,662 $ 14,424 $ 12,794 $ (12,419 ) $ 21,461 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 75 $ 1 $ — $ 76 Merchandise accounts payable — 784 909 — 1,693 Accounts payable and accrued liabilities 42 1,360 1,707 — 3,109 Income taxes — 22 362 (88 ) 296 Deferred income taxes — 295 67 — 362 Total Current Liabilities 42 2,536 3,046 (88 ) 5,536 Long-Term Debt — 7,245 20 — 7,265 Intercompany Payable 1,215 2,925 — (4,140 ) — Deferred Income Taxes — 414 677 (10 ) 1,081 Other Liabilities 27 593 1,581 — 2,201 Shareholders' Equity: Macy's, Inc. 5,378 711 7,470 (8,181 ) 5,378 Noncontrolling Interest — — — — — Total Shareholders' Equity 5,378 711 7,470 (8,181 ) 5,378 Total Liabilities and Shareholders' Equity $ 6,662 $ 14,424 $ 12,794 $ (12,419 ) $ 21,461 Condensed Consolidating Balance Sheet As of November 1, 2014 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 650 $ 105 $ 293 $ — $ 1,048 Receivables — 58 234 — 292 Merchandise inventories — 3,997 3,792 — 7,789 Prepaid expenses and other current assets — 95 329 — 424 Income taxes — — — — — Total Current Assets 650 4,255 4,648 — 9,553 Property and Equipment – net — 4,447 3,340 — 7,787 Goodwill — 3,315 428 — 3,743 Other Intangible Assets – net — 80 424 — 504 Other Assets 3 122 700 — 825 Deferred Income Taxes 15 — — (15 ) — Intercompany Receivable 245 — 3,396 (3,641 ) — Investment in Subsidiaries 4,596 3,362 — (7,958 ) — Total Assets $ 5,509 $ 15,581 $ 12,936 $ (11,614 ) $ 22,412 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 75 $ 1 $ — $ 76 Merchandise accounts payable — 1,763 2,051 — 3,814 Accounts payable and accrued liabilities 115 1,067 1,381 — 2,563 Income taxes 3 38 73 — 114 Deferred income taxes — 310 86 — 396 Total Current Liabilities 118 3,253 3,592 — 6,963 Long-Term Debt — 7,110 20 — 7,130 Intercompany Payable — 3,641 — (3,641 ) — Deferred Income Taxes — 524 805 (15 ) 1,314 Other Liabilities 40 520 1,094 — 1,654 Shareholders' Equity: Macy's, Inc. 5,351 533 7,425 (7,958 ) 5,351 Noncontrolling Interest — — — — — Total Shareholders' Equity 5,351 533 7,425 (7,958 ) 5,351 Total Liabilities and Shareholders' Equity $ 5,509 $ 15,581 $ 12,936 $ (11,614 ) $ 22,412 Condensed Consolidating Balance Sheet As of October 31, 2015 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 11 $ 94 $ 369 $ — $ 474 Receivables — 38 162 — 200 Merchandise inventories — 4,053 4,092 — 8,145 Prepaid expenses and other current assets — 92 333 — 425 Income taxes 32 — — (32 ) — Total Current Assets 43 4,277 4,956 (32 ) 9,244 Property and Equipment – net — 4,112 3,517 — 7,629 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 59 459 — 518 Other Assets 2 74 722 — 798 Deferred Income Taxes 17 — — (17 ) — Intercompany Receivable — — 3,413 (3,413 ) — Investment in Subsidiaries 4,644 3,621 — (8,265 ) — Total Assets $ 4,706 $ 15,458 $ 13,649 $ (11,727 ) $ 22,086 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 856 $ 1 $ — $ 857 Merchandise accounts payable — 1,825 1,951 — 3,776 Accounts payable and accrued liabilities 103 1,118 1,471 — 2,692 Income taxes — 4 130 (32 ) 102 Deferred income taxes — 304 71 — 375 Total Current Liabilities 103 4,107 3,624 (32 ) 7,802 Long-Term Debt — 7,087 19 — 7,106 Intercompany Payable 601 2,812 — (3,413 ) — Deferred Income Taxes — 396 699 (17 ) 1,078 Other Liabilities 31 580 1,514 — 2,125 Shareholders' Equity: Macy's, Inc. 3,971 476 7,789 (8,265 ) 3,971 Noncontrolling Interest — — 4 — 4 Total Shareholders' Equity 3,971 476 7,793 (8,265 ) 3,975 Total Liabilities and Shareholders' Equity $ 4,706 $ 15,458 $ 13,649 $ (11,727 ) $ 22,086
Condensed Consolidating Statement of Comprehensive Income [Table Text Block]	Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended October 31, 2015 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,654 $ 6,366 $ (3,146 ) $ 5,874 Cost of sales — (1,761 ) (4,922 ) 3,146 (3,537 ) Gross margin — 893 1,444 — 2,337 Selling, general and administrative expenses — (957 ) (1,011 ) — (1,968 ) Asset impairments — (102 ) (9 ) — (111 ) Operating income (loss) — (166 ) 424 — 258 Interest (expense) income, net: External — (79 ) (1 ) — (80 ) Intercompany — (58 ) 58 — — Equity in earnings of subsidiaries 117 (9 ) — (108 ) — Income (loss) before income taxes 117 (312 ) 481 (108 ) 178 Federal, state and local income 1 84 (146 ) — (61 ) Net income (loss) 118 (228 ) 335 (108 ) 117 Net loss attributable to noncontrolling interest — — 1 — 1 Net income (loss) attributable to $ 118 $ (228 ) $ 336 $ (108 ) $ 118 Comprehensive income (loss) $ 125 $ (221 ) $ 339 $ (119 ) $ 124 Comprehensive loss attributable to — — 1 — 1 Comprehensive income (loss) attributable to $ 125 $ (221 ) $ 340 $ (119 ) $ 125 Condensed Consolidating Statement of Comprehensive Income For the 39 Weeks Ended October 31, 2015 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 8,191 $ 17,106 $ (7,087 ) $ 18,210 Cost of sales — (5,258 ) (12,776 ) 7,087 (10,947 ) Gross margin — 2,933 4,330 — 7,263 Selling, general and administrative expenses (1 ) (2,962 ) (3,086 ) — (6,049 ) Asset impairments — (102 ) (9 ) — (111 ) Operating income (loss) (1 ) (131 ) 1,235 — 1,103 Interest (expense) income, net: External — (267 ) (1 ) — (268 ) Intercompany — (173 ) 173 — — Equity in earnings of subsidiaries 528 137 — (665 ) — Income (loss) before income taxes 527 (434 ) 1,407 (665 ) 835 Federal, state and local income 1 163 (472 ) — (308 ) Net income (loss) 528 (271 ) 935 (665 ) 527 Net loss attributable to noncontrolling interest — — 1 — 1 Net income (loss) attributable to $ 528 $ (271 ) $ 936 $ (665 ) $ 528 Comprehensive income (loss) $ 550 $ (249 ) $ 948 $ (700 ) $ 549 Comprehensive loss attributable to — — 1 — 1 Comprehensive income (loss) attributable to $ 550 $ (249 ) $ 949 $ (700 ) $ 550 Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended November 1, 2014 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,920 $ 6,365 $ (3,090 ) $ 6,195 Cost of sales — (1,916 ) (4,940 ) 3,090 (3,766 ) Gross margin — 1,004 1,425 — 2,429 Selling, general and administrative expenses — (1,069 ) (938 ) — (2,007 ) Operating income (loss) — (65 ) 487 — 422 Interest (expense) income, net: External — (96 ) — — (96 ) Intercompany — (56 ) 56 — — Equity in earnings of subsidiaries 217 21 — (238 ) — Income (loss) before income taxes 217 (196 ) 543 (238 ) 326 Federal, state and local income — 60 (169 ) — (109 ) Net income (loss) 217 (136 ) 374 (238 ) 217 Net loss attributable to noncontrolling interest — — — — — Net income (loss) attributable to $ 217 $ (136 ) $ 374 $ (238 ) $ 217 Comprehensive income (loss) $ 220 $ (133 ) $ 377 $ (244 ) $ 220 Comprehensive loss attributable to — — — — — Comprehensive income (loss) attributable to $ 220 $ (133 ) $ 377 $ (244 ) $ 220 Condensed Consolidating Statement of Comprehensive Income For the 39 Weeks Ended November 1, 2014 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 8,799 $ 16,816 $ (6,874 ) $ 18,741 Cost of sales — (5,580 ) (12,568 ) 6,874 (11,274 ) Gross margin — 3,219 4,248 — 7,467 Selling, general and administrative expenses (2 ) (3,122 ) (2,907 ) — (6,031 ) Operating income (loss) (2 ) 97 1,341 — 1,436 Interest (expense) income, net: External — (296 ) — — (296 ) Intercompany — (172 ) 172 — — Equity in earnings of subsidiaries 735 200 — (935 ) — Income (loss) before income taxes 733 (171 ) 1,513 (935 ) 1,140 Federal, state and local income — 102 (509 ) — (407 ) Net income (loss) 733 (69 ) 1,004 (935 ) 733 Net loss attributable to noncontrolling interest — — — — — Net income (loss) attributable to $ 733 $ (69 ) $ 1,004 $ (935 ) $ 733 Comprehensive income (loss) $ 744 $ (58 ) $ 1,011 $ (953 ) $ 744 Comprehensive loss attributable to — — — — — Comprehensive income (loss) attributable to $ 744 $ (58 ) $ 1,011 $ (953 ) $ 744
Condensed Consolidating Statement of Cash Flows [Table Text Block]	Condensed Consolidating Statement of Cash Flows For the 39 Weeks Ended November 1, 2014 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 733 $ (69 ) $ 1,004 $ (935 ) $ 733 Equity in earnings of subsidiaries (735 ) (200 ) — 935 — Dividends received from subsidiaries 775 1 — (776 ) — Depreciation and amortization — 331 439 — 770 (Increase) decrease in working capital 99 (250 ) (542 ) — (693 ) Other, net (14 ) (29 ) 74 — 31 Net cash provided (used) by operating 858 (216 ) 975 (776 ) 841 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net — (209 ) (449 ) — (658 ) Other, net — 6 (8 ) — (2 ) Net cash used by investing activities — (203 ) (457 ) — (660 ) Cash flows from financing activities: Debt issued, net of debt repaid — 39 (1 ) — 38 Dividends paid (314 ) — (776 ) 776 (314 ) Common stock acquired, net of (1,248 ) — — — (1,248 ) Intercompany activity, net (553 ) 416 137 — — Other, net (48 ) (15 ) 181 — 118 Net cash provided (used) by (2,163 ) 440 (459 ) 776 (1,406 ) Net increase (decrease) in cash and (1,305 ) 21 59 — (1,225 ) Cash and cash equivalents at beginning of period 1,955 84 234 — 2,273 Cash and cash equivalents at end of period $ 650 $ 105 $ 293 $ — $ 1,048 Condensed Consolidating Statement of Cash Flows For the 39 Weeks Ended October 31, 2015 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 528 $ (271 ) $ 935 $ (665 ) $ 527 Asset impairments — 102 9 — 111 Equity in earnings of subsidiaries (528 ) (137 ) — 665 — Dividends received from subsidiaries 597 — — (597 ) — Depreciation and amortization — 330 461 — 791 (Increase) decrease in working capital 55 (329 ) (867 ) — (1,141 ) Other, net (3 ) 2 (9 ) — (10 ) Net cash provided (used) by operating activities 649 (303 ) 529 (597 ) 278 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net — (216 ) (530 ) — (746 ) Other, net — 14 (129 ) — (115 ) Net cash used by investing activities — (202 ) (659 ) — (861 ) Cash flows from financing activities: Debt issued, net of debt repaid — 640 (1 ) — 639 Dividends paid (344 ) — (597 ) 597 (344 ) Common stock acquired, net of (1,625 ) — — — (1,625 ) Proceeds from noncontrolling interest — — 5 — 5 Intercompany activity, net (587 ) (73 ) 660 — — Other, net 10 (62 ) 188 — 136 Net cash provided (used) by (2,546 ) 505 255 597 (1,189 ) Net increase (decrease) in cash (1,897 ) — 125 — (1,772 ) Cash and cash equivalents at beginning of period 1,908 94 244 — 2,246 Cash and cash equivalents at end of period $ 11 $ 94 $ 369 $ — $ 474

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Narrative) (Details)	Oct. 31, 2015stores
Number of states in which entity operates	45
Minimum [Member]
Number of Stores	900

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Narrative) (Details) - shares shares in Millions	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Stock Options [Member]
Stock options and restricted stock units outstanding, not included in computation of diluted earnings per share	6.2	3.2
Restricted Stock Units [Member]
Stock options and restricted stock units outstanding, not included in computation of diluted earnings per share	0.7	0.9

Earnings Per Share (Computation

Earnings Per Share (Computation Of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Earnings Per Share [Abstract]
Net income (loss) attributable to Macy's, Inc. shareholders	$ 118	$ 217	$ 528	$ 733
Net income available to common stockholders, basic	118	217	528	733
Net income available to common stockholders, diluted	$ 118	$ 217	$ 528	$ 733
Basic earnings per share	$ 0.36	$ 0.62	$ 1.58	$ 2.04
Diluted earnings per share	$ 0.36	$ 0.61	$ 1.56	$ 2.01
Average number of shares issued, basic	324.5	350.8	333	358
Shares to be issued under deferred compensation and other plans	0.8	0.8	0.9	0.9
Average number of shares outstanding, basic	325.3	351.6	333.9	358.9
Effect of dilutive securities-stock options, restricted stock and restricted stock units	4.4	6.1	5.1	6.3
Average number of shares outstanding, diluted	329.7	357.7	339	365.2

Financing Activities (Details)

Financing Activities (Details) - USD ($) shares in Millions, $ in Millions	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Stock Repurchased During Period, Shares	30.6
Stock Repurchased During Period, Value	$ 1,837
Stock Repurchase Program, Remaining Authorized Repurchase Amount	695
Commercial Paper Facility Maximum Borrowing Capacity	1,500
Commercial Paper	$ 791
Commercial Paper, Weighted Average Interest Rate	0.42%
Seven Point Five Percent Senior Debentures Due Two Thousand Fifteen [Member]
Extinguishment of debt	$ 69	$ 0
Debt Instrument, Interest Rate, Stated Percentage	7.50%
Five Point Seven Five Percent Senior Notes Due Two Thousand Fourteen [Member]
Extinguishment of debt		$ 453
Debt Instrument, Interest Rate, Stated Percentage		5.75%
Eight Point One Two Five Percent Senior Debentures Due Two Thousand Thirty Five [Member]
Extinguishment of debt	$ 76	$ 0
Debt Instrument, Interest Rate, Stated Percentage	8.125%
Three point six two five percent senior notes due two thousand twenty four[Member]
Debt Instrument, Interest Rate, Stated Percentage		3.625%
Proceeds from Issuance of Debt		$ 500

Financing Activities (Detail Of

Financing Activities (Detail Of Debt Repayments) (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Debt repaid	$ 152	$ 462
Seven Point Five Percent Senior Debentures Due Two Thousand Fifteen [Member]
Extinguishment of debt	69	0
Eight Point One Two Five Percent Senior Debentures Due Two Thousand Thirty Five [Member]
Extinguishment of debt	76	0
Five point seven five percent senior notes due 2014[Member]
Extinguishment of debt	0	453
9.5% Amortizing Debentures due Two Thousand Twenty One [Member]
Extinguishment of debt	4	4
9.75% Amortizing Debentures Due Two Thousand Twenty One [Member]
Extinguishment of debt	2	2
Capital Lease and Other Long-Term Obligations [Member]
Extinguishment of debt	$ 1	$ 3

Benefit Plans (Net Periodic Ben

Benefit Plans (Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
401(k) defined contribution plan expense	$ 22	$ 21	$ 69	$ 71
Total Retirement Expense	19	14	60	51
Pension Plan [Member]
Service cost	2	2	5	5
Interest cost	35	38	103	113
Expected return on assets	(59)	(62)	(176)	(185)
Recognition of net actuarial (gain) loss	9	6	28	19
Amortization of prior service credit	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost	(13)	(16)	(40)	(48)
Supplemental Employee Retirement Plan [Member]
Service cost	0	0	0	0
Interest cost	7	8	23	25
Recognition of net actuarial (gain) loss	3	1	8	3
Amortization of prior service credit	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost	10	9	31	28
Other Postretirement Benefit Plan [Member]
Service cost	0	0	0	0
Interest cost	2	3	6	7
Recognition of net actuarial (gain) loss	0	(2)	0	(4)
Amortization of prior service credit	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost	$ 2	$ 1	$ 6	$ 3

Fair Value Measurements (Financ

Fair Value Measurements (Financial Assets Measured At Fair Value On A Recurring and Nonrecurring Basis) (Details) - USD ($) $ in Millions	3 Months Ended
	Oct. 31, 2015	Nov. 01, 2014
Impairment of Long-Lived Assets Held-for-use	$ 111
Carrying Value Of Long Lived Assets Held And Used	150
Long-lived assets held and used	39
Marketable equity and debt securities	98	$ 94
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Long-lived assets held and used	0
Marketable equity and debt securities	0	0
Significant Observable Inputs (Level 2) [Member]
Long-lived assets held and used	0
Marketable equity and debt securities	98	94
Significant Unobservable Inputs (Level 3) [Member]
Long-lived assets held and used	39
Marketable equity and debt securities	$ 0	$ 0

Fair Value Measurements (Estima

Fair Value Measurements (Estimated Fair Value Of Company Long Term Debt) (Details) - USD ($) $ in Millions	Oct. 31, 2015	Nov. 01, 2014
Long-term debt	$ 7,268	$ 7,747
Carrying Amount
Long-term debt	7,078	7,114
Notional Amount
Long-term debt	$ 6,933	$ 6,947

Condensed Consolidating Finan28

Condensed Consolidating Financial Information (Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Millions	Oct. 31, 2015	Jan. 31, 2015	Nov. 01, 2014	Feb. 01, 2014
Current Assets:
Cash and cash equivalents	$ 474	$ 2,246	$ 1,048	$ 2,273
Receivables	200	424	292
Merchandise inventories	8,145	5,516	7,789
Prepaid expenses and other current assets	425	493	424
Income taxes	0	0	0
Total Current Assets	9,244	8,679	9,553
Property and Equipment - net	7,629	7,800	7,787
Goodwill	3,897	3,743	3,743
Other Intangible Assets - net	518	496	504
Other Assets	798	743	825
Deferred Income Taxes	0	0	0
Intercompany Receivable	0	0	0
Investment in Subsidiaries	0	0	0
Total Assets	22,086	21,461	22,412
Current Liabilities:
Short-term debt	857	76	76
Merchandise accounts payable	3,776	1,693	3,814
Accounts payable and accrued liabilities	2,692	3,109	2,563
Income taxes	102	296	114
Deferred income taxes	375	362	396
Total Current Liabilities	7,802	5,536	6,963
Long-Term Debt	7,106	7,265	7,130
Intercompany Payable	0	0	0
Deferred Income Taxes	1,078	1,081	1,314
Other Liabilities	2,125	2,201	1,654
Shareholders' Equity, Macy's, Inc.	3,971	5,378	5,351
Shareholders' Equity, noncontrolling interest	4	0	0
Total Shareholders’ Equity	3,975	5,378	5,351
Total Liabilities and Shareholders' Equity	22,086	21,461	22,412
Parent
Current Assets:
Cash and cash equivalents	11	1,908	650	1,955
Receivables	0	0	0
Merchandise inventories	0	0	0
Prepaid expenses and other current assets	0	0	0
Income taxes	32	88	0
Total Current Assets	43	1,996	650
Property and Equipment - net	0	0	0
Goodwill	0	0	0
Other Intangible Assets - net	0	0	0
Other Assets	2	1	3
Deferred Income Taxes	17	10	15
Intercompany Receivable	0	0	245
Investment in Subsidiaries	4,644	4,655	4,596
Total Assets	4,706	6,662	5,509
Current Liabilities:
Short-term debt	0	0	0
Merchandise accounts payable	0	0	0
Accounts payable and accrued liabilities	103	42	115
Income taxes	0	0	3
Deferred income taxes	0	0	0
Total Current Liabilities	103	42	118
Long-Term Debt	0	0	0
Intercompany Payable	601	1,215	0
Deferred Income Taxes	0	0	0
Other Liabilities	31	27	40
Shareholders' Equity, Macy's, Inc.	3,971	5,378	5,351
Shareholders' Equity, noncontrolling interest	0	0	0
Total Shareholders’ Equity	3,971	5,378	5,351
Total Liabilities and Shareholders' Equity	4,706	6,662	5,509
Subsidiary Issuer
Current Assets:
Cash and cash equivalents	94	94	105	84
Receivables	38	97	58
Merchandise inventories	4,053	2,817	3,997
Prepaid expenses and other current assets	92	113	95
Income taxes	0	0	0
Total Current Assets	4,277	3,121	4,255
Property and Equipment - net	4,112	4,315	4,447
Goodwill	3,315	3,315	3,315
Other Intangible Assets - net	59	73	80
Other Assets	74	74	122
Deferred Income Taxes	0	0	0
Intercompany Receivable	0	0	0
Investment in Subsidiaries	3,621	3,526	3,362
Total Assets	15,458	14,424	15,581
Current Liabilities:
Short-term debt	856	75	75
Merchandise accounts payable	1,825	784	1,763
Accounts payable and accrued liabilities	1,118	1,360	1,067
Income taxes	4	22	38
Deferred income taxes	304	295	310
Total Current Liabilities	4,107	2,536	3,253
Long-Term Debt	7,087	7,245	7,110
Intercompany Payable	2,812	2,925	3,641
Deferred Income Taxes	396	414	524
Other Liabilities	580	593	520
Shareholders' Equity, Macy's, Inc.	476	711	533
Shareholders' Equity, noncontrolling interest	0	0	0
Total Shareholders’ Equity	476	711	533
Total Liabilities and Shareholders' Equity	15,458	14,424	15,581
Other Subsidiaries
Current Assets:
Cash and cash equivalents	369	244	293	234
Receivables	162	327	234
Merchandise inventories	4,092	2,699	3,792
Prepaid expenses and other current assets	333	380	329
Income taxes	0	0	0
Total Current Assets	4,956	3,650	4,648
Property and Equipment - net	3,517	3,485	3,340
Goodwill	582	428	428
Other Intangible Assets - net	459	423	424
Other Assets	722	668	700
Deferred Income Taxes	0	0	0
Intercompany Receivable	3,413	4,140	3,396
Investment in Subsidiaries	0	0	0
Total Assets	13,649	12,794	12,936
Current Liabilities:
Short-term debt	1	1	1
Merchandise accounts payable	1,951	909	2,051
Accounts payable and accrued liabilities	1,471	1,707	1,381
Income taxes	130	362	73
Deferred income taxes	71	67	86
Total Current Liabilities	3,624	3,046	3,592
Long-Term Debt	19	20	20
Intercompany Payable	0	0	0
Deferred Income Taxes	699	677	805
Other Liabilities	1,514	1,581	1,094
Shareholders' Equity, Macy's, Inc.	7,789	7,470	7,425
Shareholders' Equity, noncontrolling interest	4	0	0
Total Shareholders’ Equity	7,793	7,470	7,425
Total Liabilities and Shareholders' Equity	13,649	12,794	12,936
Consolidating Adjustments
Current Assets:
Cash and cash equivalents	0	0	0	$ 0
Receivables	0	0	0
Merchandise inventories	0	0	0
Prepaid expenses and other current assets	0	0	0
Income taxes	(32)	(88)	0
Total Current Assets	(32)	(88)	0
Property and Equipment - net	0	0	0
Goodwill	0	0	0
Other Intangible Assets - net	0	0	0
Other Assets	0	0	0
Deferred Income Taxes	(17)	(10)	(15)
Intercompany Receivable	(3,413)	(4,140)	(3,641)
Investment in Subsidiaries	(8,265)	(8,181)	(7,958)
Total Assets	(11,727)	(12,419)	(11,614)
Current Liabilities:
Short-term debt	0	0	0
Merchandise accounts payable	0	0	0
Accounts payable and accrued liabilities	0	0	0
Income taxes	(32)	(88)	0
Deferred income taxes	0	0	0
Total Current Liabilities	(32)	(88)	0
Long-Term Debt	0	0	0
Intercompany Payable	(3,413)	(4,140)	(3,641)
Deferred Income Taxes	(17)	(10)	(15)
Other Liabilities	0	0	0
Shareholders' Equity, Macy's, Inc.	(8,265)	(8,181)	(7,958)
Shareholders' Equity, noncontrolling interest	0	0	0
Total Shareholders’ Equity	(8,265)	(8,181)	(7,958)
Total Liabilities and Shareholders' Equity	$ (11,727)	$ (12,419)	$ (11,614)

Condensed Consolidating Finan29

Condensed Consolidating Financial Information (Condensed Consolidating Statement of Operations) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Net sales	$ 5,874	$ 6,195	$ 18,210	$ 18,741
Cost of sales	(3,537)	(3,766)	(10,947)	(11,274)
Gross margin	2,337	2,429	7,263	7,467
Selling, general and administrative expenses	(1,968)	(2,007)	(6,049)	(6,031)
Asset impairments	(111)	0	(111)	0
Operating income (loss)	258	422	1,103	1,436
Interest (expense) income, net
External	(80)	(96)	(268)	(296)
Intercompany	0	0	0	0
Equity in earnings of subsidiaries	0	0	0	0
Income (loss) before income taxes	178	326	835	1,140
Federal, state and local income tax benefit (expense)	(61)	(109)	(308)	(407)
Net income (loss)	117	217	527	733
Net loss attributable to noncontrolling interest	1	0	1	0
Net income (loss) attributable to Macy's, Inc. shareholders	118	217	528	733
Comprehensive income (loss)	124	220	549	744
Comprehensive loss attributable to noncontrolling interest	1	0	1	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	125	220	550	744
Parent
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Gross margin	0	0	0	0
Selling, general and administrative expenses	0	0	(1)	(2)
Asset impairments	0		0
Operating income (loss)	0	0	(1)	(2)
Interest (expense) income, net
External	0	0	0	0
Intercompany	0	0	0	0
Equity in earnings of subsidiaries	117	217	528	735
Income (loss) before income taxes	117	217	527	733
Federal, state and local income tax benefit (expense)	1	0	1	0
Net income (loss)	118	217	528	733
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	118	217	528	733
Comprehensive income (loss)	125	220	550	744
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	125	220	550	744
Subsidiary Issuer
Net sales	2,654	2,920	8,191	8,799
Cost of sales	(1,761)	(1,916)	(5,258)	(5,580)
Gross margin	893	1,004	2,933	3,219
Selling, general and administrative expenses	(957)	(1,069)	(2,962)	(3,122)
Asset impairments	(102)		(102)
Operating income (loss)	(166)	(65)	(131)	97
Interest (expense) income, net
External	(79)	(96)	(267)	(296)
Intercompany	(58)	(56)	(173)	(172)
Equity in earnings of subsidiaries	(9)	21	137	200
Income (loss) before income taxes	(312)	(196)	(434)	(171)
Federal, state and local income tax benefit (expense)	84	60	163	102
Net income (loss)	(228)	(136)	(271)	(69)
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	(228)	(136)	(271)	(69)
Comprehensive income (loss)	(221)	(133)	(249)	(58)
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	(221)	(133)	(249)	(58)
Other Subsidiaries
Net sales	6,366	6,365	17,106	16,816
Cost of sales	(4,922)	(4,940)	(12,776)	(12,568)
Gross margin	1,444	1,425	4,330	4,248
Selling, general and administrative expenses	(1,011)	(938)	(3,086)	(2,907)
Asset impairments	(9)		(9)
Operating income (loss)	424	487	1,235	1,341
Interest (expense) income, net
External	(1)	0	(1)	0
Intercompany	58	56	173	172
Equity in earnings of subsidiaries	0	0	0	0
Income (loss) before income taxes	481	543	1,407	1,513
Federal, state and local income tax benefit (expense)	(146)	(169)	(472)	(509)
Net income (loss)	335	374	935	1,004
Net loss attributable to noncontrolling interest	1	0	1	0
Net income (loss) attributable to Macy's, Inc. shareholders	336	374	936	1,004
Comprehensive income (loss)	339	377	948	1,011
Comprehensive loss attributable to noncontrolling interest	1	0	1	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	340	377	949	1,011
Consolidating Adjustments
Net sales	(3,146)	(3,090)	(7,087)	(6,874)
Cost of sales	3,146	3,090	7,087	6,874
Gross margin	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Asset impairments	0		0
Operating income (loss)	0	0	0	0
Interest (expense) income, net
External	0	0	0	0
Intercompany	0	0	0	0
Equity in earnings of subsidiaries	(108)	(238)	(665)	(935)
Income (loss) before income taxes	(108)	(238)	(665)	(935)
Federal, state and local income tax benefit (expense)	0	0	0	0
Net income (loss)	(108)	(238)	(665)	(935)
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	(108)	(238)	(665)	(935)
Comprehensive income (loss)	(119)	(244)	(700)	(953)
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	$ (119)	$ (244)	$ (700)	$ (953)

Condensed Consolidating Finan30

Condensed Consolidating Financial Information (Condensed Consolidating Statement of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2015	Nov. 01, 2014	Oct. 31, 2015	Nov. 01, 2014
Cash flows from operating activities:
Net income (loss)	$ 117	$ 217	$ 527	$ 733
Asset impairments	111	0	111	0
Equity in earnings of subsidiaries	0	0	0	0
Dividends received from subsidiaries			0	0
Depreciation and amortization			791	770
(Increase) decrease in working capital			(1,141)	(693)
Other, net			(10)	31
Net cash provided (used) by operating activities			278	841
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net			(746)	(658)
Other, net			(115)	(2)
Net cash used by investing activities			(861)	(660)
Cash flows from financing activities:
Debt issued (net of debt repaid)			639	38
Dividends paid			(344)	(314)
(Common stock acquired) net of issuance of common stock			(1,625)	(1,248)
Proceeds from noncontrolling interest			5	0
Intercompany activity, net			0	0
Other, net			136	118
Net cash provided (used) by financing activities			(1,189)	(1,406)
Net increase (decrease) in cash and cash equivalents			(1,772)	(1,225)
Cash and cash equivalents beginning of period			2,246	2,273
Cash and cash equivalents end of period	474	1,048	474	1,048
Parent
Cash flows from operating activities:
Net income (loss)	118	217	528	733
Asset impairments	0		0
Equity in earnings of subsidiaries	(117)	(217)	(528)	(735)
Dividends received from subsidiaries			597	775
Depreciation and amortization			0	0
(Increase) decrease in working capital			55	99
Other, net			(3)	(14)
Net cash provided (used) by operating activities			649	858
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net			0	0
Other, net			0	0
Net cash used by investing activities			0	0
Cash flows from financing activities:
Debt issued (net of debt repaid)			0	0
Dividends paid			(344)	(314)
(Common stock acquired) net of issuance of common stock			(1,625)	(1,248)
Proceeds from noncontrolling interest			0
Intercompany activity, net			(587)	(553)
Other, net			10	(48)
Net cash provided (used) by financing activities			(2,546)	(2,163)
Net increase (decrease) in cash and cash equivalents			(1,897)	(1,305)
Cash and cash equivalents beginning of period			1,908	1,955
Cash and cash equivalents end of period	11	650	11	650
Subsidiary Issuer
Cash flows from operating activities:
Net income (loss)	(228)	(136)	(271)	(69)
Asset impairments	102		102
Equity in earnings of subsidiaries	9	(21)	(137)	(200)
Dividends received from subsidiaries			0	1
Depreciation and amortization			330	331
(Increase) decrease in working capital			(329)	(250)
Other, net			2	(29)
Net cash provided (used) by operating activities			(303)	(216)
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net			(216)	(209)
Other, net			14	6
Net cash used by investing activities			(202)	(203)
Cash flows from financing activities:
Debt issued (net of debt repaid)			640	39
Dividends paid			0	0
(Common stock acquired) net of issuance of common stock			0	0
Proceeds from noncontrolling interest			0
Intercompany activity, net			(73)	416
Other, net			(62)	(15)
Net cash provided (used) by financing activities			505	440
Net increase (decrease) in cash and cash equivalents			0	21
Cash and cash equivalents beginning of period			94	84
Cash and cash equivalents end of period	94	105	94	105
Other Subsidiaries
Cash flows from operating activities:
Net income (loss)	335	374	935	1,004
Asset impairments	9		9
Equity in earnings of subsidiaries	0	0	0	0
Dividends received from subsidiaries			0	0
Depreciation and amortization			461	439
(Increase) decrease in working capital			(867)	(542)
Other, net			(9)	74
Net cash provided (used) by operating activities			529	975
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net			(530)	(449)
Other, net			(129)	(8)
Net cash used by investing activities			(659)	(457)
Cash flows from financing activities:
Debt issued (net of debt repaid)			(1)	(1)
Dividends paid			(597)	(776)
(Common stock acquired) net of issuance of common stock			0	0
Proceeds from noncontrolling interest			5
Intercompany activity, net			660	137
Other, net			188	181
Net cash provided (used) by financing activities			255	(459)
Net increase (decrease) in cash and cash equivalents			125	59
Cash and cash equivalents beginning of period			244	234
Cash and cash equivalents end of period	369	293	369	293
Consolidating Adjustments
Cash flows from operating activities:
Net income (loss)	(108)	(238)	(665)	(935)
Asset impairments	0		0
Equity in earnings of subsidiaries	108	238	665	935
Dividends received from subsidiaries			(597)	(776)
Depreciation and amortization			0	0
(Increase) decrease in working capital			0	0
Other, net			0	0
Net cash provided (used) by operating activities			(597)	(776)
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net			0	0
Other, net			0	0
Net cash used by investing activities			0	0
Cash flows from financing activities:
Debt issued (net of debt repaid)			0	0
Dividends paid			597	776
(Common stock acquired) net of issuance of common stock			0	0
Proceeds from noncontrolling interest			0
Intercompany activity, net			0	0
Other, net			0	0
Net cash provided (used) by financing activities			597	776
Net increase (decrease) in cash and cash equivalents			0	0
Cash and cash equivalents beginning of period			0	0
Cash and cash equivalents end of period	$ 0	$ 0	$ 0	$ 0