Macy's (M) 10-Q 2 Jun 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 29, 2017	May 26, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 29, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	M
Entity Registrant Name	Macy's, Inc.
Entity Central Index Key	794,367
Current Fiscal Year End Date	--02-03
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		304,506,714

Consolidated Statements of Inco

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

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Net income (loss)	$ 70	$ 115
Actuarial loss on postretirement benefit plans, before tax	0	(36)
Settlement charges, before tax	0	13
Amortization of net actuarial loss on post employment and postretirement benefit plans, before tax	9	9
Tax effect related to items of other comprehensive income	(3)	6
Total other comprehensive income, net of tax effect	6	(8)
Comprehensive income (loss)	76	107
Comprehensive loss attributable to noncontrolling interest	1	1
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	$ 77	$ 108

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016	Jan. 30, 2016
Current Assets:
Cash and cash equivalents	$ 1,201	$ 1,297	$ 734	$ 1,109
Receivables	345	522	399
Merchandise inventories	5,626	5,399	5,738
Income tax receivable	0	0	19
Prepaid expenses and other current assets	397	408	490
Total Current Assets	7,569	7,626	7,380
Property and Equipment - net	6,886	7,017	7,475
Goodwill	3,897	3,897	3,897
Other Intangible Assets - net	496	498	511
Other Assets	793	813	898
Total Assets	19,641	19,851	20,161
Current Liabilities:
Short-term debt	313	309	642
Merchandise accounts payable	2,028	1,423	2,015
Accounts payable and accrued liabilities	2,905	3,563	2,690
Income taxes	355	352	0
Total Current Liabilities	5,601	5,647	5,347
Long-Term Debt	6,412	6,562	6,990
Deferred Income Taxes	1,482	1,443	1,536
Other Liabilities	1,846	1,877	2,134
Shareholders' Equity, Macy's, Inc.	4,302	4,323	4,148
Shareholders' Equity, noncontrolling interest	(2)	(1)	6
Total Shareholders’ Equity	4,300	4,322	4,154
Total Liabilities and Shareholders' Equity	$ 19,641	$ 19,851	$ 20,161

Consolidated Balance Sheets (pa

Consolidated Balance Sheets (parenthetical) - USD ($) $ in Millions	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016
Accumulated depreciation	$ 5,013	$ 4,856	$ 5,500

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Net income (loss)	$ 70	$ 115
Adjustments to reconcile net income to net cash provided by operating activities:
Settlement charges	0	13
Depreciation and amortization	243	260
Stock-based compensation expense	13	16
Gains on sale of real estate	(68)	(14)
Amortization of financing costs and premium on acquired debt	0	(1)
Changes in assets and liabilities:
Decrease in receivables	170	158
Increase in merchandise inventories	(227)	(232)
Increase in prepaid expenses and other current assets	(11)	(22)
Increase in merchandise accounts payable	573	425
Decrease in accounts payable, accrued liabilities and other items not separately identified	(551)	(499)
Increase (decrease) in current income taxes	3	(246)
Increase in deferred income taxes	36	53
Decrease in other liabilities not separately identified	(17)	(18)
Net cash provided (used) by operating activities	234	8
Cash flows from investing activities:
Purchase of property and equipment	(117)	(153)
Capitalized software	(60)	(75)
Disposition of property and equipment	96	16
Other, net	21	1
Net cash used by investing activities	(60)	(211)
Cash flows from financing activities:
Debt issued	3	0
Debt repaid	(149)	(3)
Dividends paid	(115)	(112)
Increase (decrease) in outstanding checks	(10)	43
Acquisition of treasury stock	(1)	(130)
Issuance of common stock	2	26
Proceeds from noncontrolling interest	0	4
Net cash provided (used) by financing activities	(270)	(172)
Net increase (decrease) in cash and cash equivalents	(96)	(375)
Cash and cash equivalents beginning of period	1,297	1,109
Cash and cash equivalents end of period	1,201	734
Supplemental cash flow information:
Interest paid	76	80
Interest received	2	1
Income taxes paid (net of refunds received)	$ 16	$ 257

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Apr. 29, 2017
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 are conducted through approximately 840 Macy's, Macy's Backstage, Bloomingdale's, Bloomingdale's The 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 and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC. 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 28, 2017 (the "2016 10-K"). The accompanying Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto in the 2016 10-K. Use of Estimates The preparation of financial statements in conformity with United States generally accepted accounting principles ("GAAP") 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 weeks ended April 29, 2017 and April 30, 2016 , 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 weeks ended April 29, 2017 and April 30, 2016 (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 to 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 components of total comprehensive income for the 13 weeks ended April 29, 2017 and April 30, 2016 relate to post employment and postretirement plan items. Settlement charges incurred are included as a separate component of operating expenses in the Consolidated Statements of Income. Amortization 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. Newly Adopted Accounting Pronouncements The Company adopted Accounting Standards Update ("ASU") No. 2016-09, Improvements to Employee Share-Based Payment Accounting , effective January 29, 2017. This standard was issued to simplify several aspects of the accounting for share-based payment awards, including the income tax consequences, financial statement classification and forfeiture considerations of such awards. Upon adoption, the Company began to recognize, on a prospective basis, all excess tax benefits and tax deficiencies as income tax benefit or expense, respectively, in its Consolidated Statements of Income. This resulted in the recognition of approximately $11 million of additional income tax expense associated with net tax deficiencies for awards that were exercised, vested or expired in the 13 weeks ended April 29, 2017. Additionally, excess tax benefits have been classified as an operating activity along with other income tax cash flows in the Consolidated Statements of Cash Flows. The Company has elected to adopt such presentation on a prospective basis.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 29, 2017
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 April 29, 2017 April 30, 2016 Net Shares Net Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 71 305.0 $ 116 309.7 Shares to be issued under deferred — 0.9 $ 71 305.0 $ 116 310.6 Basic earnings per share attributable to $ .23 $ .37 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 1.9 2.9 $ 71 306.9 $ 116 313.5 Diluted earnings per share attributable to $ .23 $ .37 In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing tables, stock options to purchase 16.2 million shares of common stock and restricted stock units relating to 1.6 million shares of common stock were outstanding at April 29, 2017 , but were not included in the computation of diluted earnings per share for the 13 weeks ended April 29, 2017 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 11.2 million shares of common stock and restricted stock units relating to 1.0 million shares of common stock were outstanding at April 30, 2016 , but were not included in the computation of diluted earnings per share for the 13 weeks ended April 30, 2016 because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.

Financing Activities

Financing Activities	3 Months Ended
	Apr. 29, 2017
Financing Activities [Abstract]
Financing Activities	Financing Activities The following table shows the detail of debt repayments: 13 Weeks Ended April 29, 2017 April 30, 2016 (millions) 6.7% debentures due 2034 $ 11 $ — 6.375% senior notes due 2037 135 — 9.5% amortizing debentures due 2021 2 2 9.75% amortizing debentures due 2021 1 1 $ 149 $ 3 During the 13 weeks ended April 29, 2017, the Company repurchased $146 million face value of senior notes and debentures. The debt repurchases were made in the open market for a total cost of $149 million , including expenses related to the transactions. Such repurchases resulted in the recognition of additional interest expense of $3 million during the 13 weeks ended April 29, 2017. This additional interest expense is presented as premium on early retirement of debt on the Consolidated Statements of Income.

Benefit Plans

Benefit Plans	3 Months Ended
	Apr. 29, 2017
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 April 29, 2017 April 30, 2016 (millions) 401(k) Qualified Defined Contribution Plan $ 21 $ 24 Non-Qualified Defined Contribution Plan $ — $ — Pension Plan Service cost $ 1 $ 1 Interest cost 27 28 Expected return on assets (56 ) (56 ) Recognition of net actuarial loss 8 8 Amortization of prior service credit — — $ (20 ) $ (19 ) Supplementary Retirement Plan Service cost $ — $ — Interest cost 6 6 Recognition of net actuarial loss 2 2 Amortization of prior service cost — — $ 8 $ 8 Total Retirement Expense $ 9 $ 13 Postretirement Obligations Service cost $ — $ — Interest cost 1 2 Recognition of net actuarial gain (1 ) (1 ) Amortization of prior service cost — — $ — $ 1 During the 13 weeks ended April 30, 2016, the Company incurred $13 million of non-cash settlement charges relating to the Company's defined benefit plans. These charges relate to the pro-rata recognition of net actuarial losses associated with the Company's defined benefit plans and are a result of an increase in lump sum distributions associated with store closings, a voluntary separation program and organizational restructuring, in addition to periodic distribution activity.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 29, 2017
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: April 29, 2017 April 30, 2016 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 $ 90 $ 21 $ 69 $ — $ 125 $ 17 $ 108 $ — 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 of these financial instruments 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: April 29, 2017 April 30, 2016 Notional Amount Carrying Amount Fair Value Notional Amount Carrying Amount Fair Value (millions) Long-term debt $ 6,310 $ 6,385 $ 6,251 $ 6,870 $ 6,962 $ 7,113

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	Apr. 29, 2017
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 New York, Macy's Merchandising Corporation, Macy's Merchandising Group, Inc. and its subsidiaries Macy's Merchandising Group (Hong Kong) Limited, Macy's Merchandising Group Procurement, LLC, Macy's Merchandising Group International, LLC, Macy's Merchandising Group International (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 Statements of Comprehensive Income for the 13 weeks ended April 29, 2017 and April 30, 2016 , Condensed Consolidating Balance Sheets as of April 29, 2017 , April 30, 2016 and January 28, 2017 , and the related Condensed Consolidating Statements of Cash Flows for the 13 weeks ended April 29, 2017 and April 30, 2016 are presented on the following pages. Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended April 29, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,056 $ 5,126 $ (1,844 ) $ 5,338 Cost of sales — (1,378 ) (3,772 ) 1,844 (3,306 ) Gross margin — 678 1,354 — 2,032 Selling, general and administrative expenses (1 ) (704 ) (1,107 ) — (1,812 ) Operating income (loss) (1 ) (26 ) 247 — 220 Interest (expense) income, net: External 1 (85 ) — — (84 ) Intercompany — (34 ) 34 — — Premium on early retirement of debt — (3 ) — — (3 ) Equity in earnings (loss) of subsidiaries 71 (9 ) — (62 ) — Income (loss) before income taxes 71 (157 ) 281 (62 ) 133 Federal, state and local income — 30 (93 ) — (63 ) Net income (loss) 71 (127 ) 188 (62 ) 70 Net loss attributable to noncontrolling interest — — 1 — 1 Net income (loss) attributable to $ 71 $ (127 ) $ 189 $ (62 ) $ 71 Comprehensive income (loss) $ 77 $ (121 ) $ 192 $ (72 ) $ 76 Comprehensive loss attributable to — — 1 — 1 Comprehensive income (loss) attributable to $ 77 $ (121 ) $ 193 $ (72 ) $ 77 Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended April 30, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,454 $ 5,374 $ (2,057 ) $ 5,771 Cost of sales — (1,604 ) (3,969 ) 2,057 (3,516 ) Gross margin — 850 1,405 — 2,255 Selling, general and administrative expenses (1 ) (882 ) (1,083 ) — (1,966 ) Settlement charges — (3 ) (10 ) — (13 ) Operating income (loss) (1 ) (35 ) 312 — 276 Interest (expense) income, net: External 1 (99 ) — — (98 ) Intercompany — (58 ) 58 — — Equity in earnings (loss) of subsidiaries 116 10 — (126 ) — Income (loss) before income taxes 116 (182 ) 370 (126 ) 178 Federal, state and local income — 61 (124 ) — (63 ) Net income (loss) 116 (121 ) 246 (126 ) 115 Net loss attributable to noncontrolling interest — — 1 — 1 Net income (loss) attributable to $ 116 $ (121 ) $ 247 $ (126 ) $ 116 Comprehensive income (loss) $ 108 $ (129 ) $ 241 $ (113 ) $ 107 Comprehensive loss attributable to — — 1 — 1 Comprehensive income (loss) attributable to $ 108 $ (129 ) $ 242 $ (113 ) $ 108 Condensed Consolidating Balance Sheet As of April 29, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 779 $ 99 $ 323 $ — $ 1,201 Receivables — 118 227 — 345 Merchandise inventories — 2,560 3,066 — 5,626 Prepaid expenses and other current assets — 71 326 — 397 Total Current Assets 779 2,848 3,942 — 7,569 Property and Equipment – net — 3,293 3,593 — 6,886 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 49 447 — 496 Other Assets — 45 748 — 793 Deferred Income Taxes 24 — — (24 ) — Intercompany Receivable 920 — 1,833 (2,753 ) — Investment in Subsidiaries 3,003 3,535 — (6,538 ) — Total Assets $ 4,726 $ 13,085 $ 11,145 $ (9,315 ) $ 19,641 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 306 $ 7 $ — $ 313 Merchandise accounts payable — 841 1,187 — 2,028 Accounts payable and accrued liabilities 22 916 1,967 — 2,905 Income taxes 317 6 32 — 355 Total Current Liabilities 339 2,069 3,193 — 5,601 Long-Term Debt — 6,395 17 — 6,412 Intercompany Payable 18 2,801 (66 ) (2,753 ) — Deferred Income Taxes — 704 802 (24 ) 1,482 Other Liabilities 67 498 1,281 — 1,846 Shareholders' Equity: Macy's, Inc. 4,302 618 5,920 (6,538 ) 4,302 Noncontrolling Interest — — (2 ) — (2 ) Total Shareholders' Equity 4,302 618 5,918 (6,538 ) 4,300 Total Liabilities and Shareholders' Equity $ 4,726 $ 13,085 $ 11,145 $ (9,315 ) $ 19,641 Condensed Consolidating Balance Sheet As of April 30, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 287 $ 112 $ 335 $ — $ 734 Receivables — 158 241 — 399 Merchandise inventories — 2,707 3,031 — 5,738 Income tax receivable 66 — — (47 ) 19 Prepaid expenses and other current assets — 121 369 — 490 Total Current Assets 353 3,098 3,976 (47 ) 7,380 Property and Equipment – net — 3,840 3,635 — 7,475 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 50 461 — 511 Other Assets — 154 744 — 898 Deferred Income Taxes 23 — — (23 ) — Intercompany Receivable — — 3,433 (3,433 ) — Investment in Subsidiaries 4,651 3,810 — (8,461 ) — Total Assets $ 5,027 $ 14,267 $ 12,831 $ (11,964 ) $ 20,161 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 641 $ 1 $ — $ 642 Merchandise accounts payable — 872 1,143 — 2,015 Accounts payable and accrued liabilities 34 1,192 1,464 — 2,690 Income taxes — 9 38 (47 ) — Total Current Liabilities 34 2,714 2,646 (47 ) 5,347 Long-Term Debt — 6,971 19 — 6,990 Intercompany Payable 787 2,646 — (3,433 ) — Deferred Income Taxes — 726 833 (23 ) 1,536 Other Liabilities 58 547 1,529 — 2,134 Shareholders' Equity: Macy's, Inc. 4,148 663 7,798 (8,461 ) 4,148 Noncontrolling Interest — — 6 — 6 Total Shareholders' Equity 4,148 663 7,804 (8,461 ) 4,154 Total Liabilities and Shareholders' Equity $ 5,027 $ 14,267 $ 12,831 $ (11,964 ) $ 20,161 Condensed Consolidating Balance Sheet As of January 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 938 $ 81 $ 278 $ — $ 1,297 Receivables — 169 353 — 522 Merchandise inventories — 2,565 2,834 — 5,399 Prepaid expenses and other current assets — 84 324 — 408 Total Current Assets 938 2,899 3,789 — 7,626 Property and Equipment – net — 3,397 3,620 — 7,017 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 51 447 — 498 Other Assets — 47 766 — 813 Deferred Income Taxes 26 — — (26 ) — Intercompany Receivable 375 — 2,428 (2,803 ) — Investment in Subsidiaries 3,137 3,540 — (6,677 ) — Total Assets $ 4,476 $ 13,249 $ 11,632 $ (9,506 ) $ 19,851 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 306 $ 3 $ — $ 309 Merchandise accounts payable — 590 833 — 1,423 Accounts payable and accrued liabilities 16 1,064 2,483 — 3,563 Income taxes 71 16 265 — 352 Total Current Liabilities 87 1,976 3,584 — 5,647 Long-Term Debt — 6,544 18 — 6,562 Intercompany Payable — 2,803 — (2,803 ) — Deferred Income Taxes — 688 781 (26 ) 1,443 Other Liabilities 66 500 1,311 — 1,877 Shareholders' Equity: Macy's, Inc. 4,323 738 5,939 (6,677 ) 4,323 Noncontrolling Interest — — (1 ) — (1 ) Total Shareholders' Equity 4,323 738 5,938 (6,677 ) 4,322 Total Liabilities and Shareholders' Equity $ 4,476 $ 13,249 $ 11,632 $ (9,506 ) $ 19,851 Condensed Consolidating Statement of Cash Flows For the 13 Weeks Ended April 29, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 71 $ (127 ) $ 188 $ (62 ) $ 70 Equity in (earnings) loss of subsidiaries (71 ) 9 — 62 — Dividends received from subsidiaries 211 — — (211 ) — Depreciation and amortization — 89 154 — 243 (Increase) decrease in working capital 244 130 (485 ) — (111 ) Other, net 7 22 3 — 32 Net cash provided (used) by operating activities 462 123 (140 ) (211 ) 234 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net — 93 (174 ) — (81 ) Other, net — — 21 — 21 Net cash provided (used) by investing activities — 93 (153 ) — (60 ) Cash flows from financing activities: Debt repaid, net of debt issued — (149 ) 3 — (146 ) Dividends paid (155 ) — (171 ) 211 (115 ) Common stock acquired, net of 2 — (1 ) — 1 Intercompany activity, net (476 ) (18 ) 494 — — Other, net 8 (31 ) 13 — (10 ) Net cash provided (used) by (621 ) (198 ) 338 211 (270 ) Net increase (decrease) in cash (159 ) 18 45 — (96 ) Cash and cash equivalents at beginning of period 938 81 278 — 1,297 Cash and cash equivalents at end of period $ 779 $ 99 $ 323 $ — $ 1,201 Condensed Consolidating Statement of Cash Flows For the 13 Weeks Ended April 30, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 116 $ (121 ) $ 246 $ (126 ) $ 115 Impairments and other charges — 3 10 — 13 Equity in earnings of subsidiaries (116 ) (10 ) — 126 — Dividends received from subsidiaries 182 — — (182 ) — Depreciation and amortization — 102 158 — 260 (Increase) decrease in working capital (34 ) 55 (451 ) — (430 ) Other, net 19 16 15 — 50 Net cash provided (used) by operating activities 167 45 (22 ) (182 ) 8 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net — (54 ) (158 ) — (212 ) Other, net — (2 ) 3 — 1 Net cash used by investing activities — (56 ) (155 ) — (211 ) Cash flows from financing activities: Debt issued, net of debt repaid — (3 ) — — (3 ) Dividends paid (112 ) — (182 ) 182 (112 ) Common stock acquired, net of (104 ) — — — (104 ) Proceeds from noncontrolling interest — — 4 — 4 Intercompany activity, net (415 ) 52 363 — — Other, net 10 (17 ) 50 — 43 Net cash provided (used) by (621 ) 32 235 182 (172 ) Net increase (decrease) in cash and (454 ) 21 58 — (375 ) Cash and cash equivalents at beginning of period 741 91 277 — 1,109 Cash and cash equivalents at end of period $ 287 $ 112 $ 335 $ — $ 734

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	Apr. 29, 2017
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 are conducted through approximately 840 Macy's, Macy's Backstage, Bloomingdale's, Bloomingdale's The 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 and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC.
Use Of Estimates	Use of Estimates The preparation of financial statements in conformity with United States generally accepted accounting principles ("GAAP") 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 weeks ended April 29, 2017 and April 30, 2016 , 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 to 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 components of total comprehensive income for the 13 weeks ended April 29, 2017 and April 30, 2016 relate to post employment and postretirement plan items. Settlement charges incurred are included as a separate component of operating expenses in the Consolidated Statements of Income. Amortization 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.
Newly Adopted Accounting Pronouncements	Newly Adopted Accounting Pronouncements The Company adopted Accounting Standards Update ("ASU") No. 2016-09, Improvements to Employee Share-Based Payment Accounting , effective January 29, 2017. This standard was issued to simplify several aspects of the accounting for share-based payment awards, including the income tax consequences, financial statement classification and forfeiture considerations of such awards. Upon adoption, the Company began to recognize, on a prospective basis, all excess tax benefits and tax deficiencies as income tax benefit or expense, respectively, in its Consolidated Statements of Income. This resulted in the recognition of approximately $11 million of additional income tax expense associated with net tax deficiencies for awards that were exercised, vested or expired in the 13 weeks ended April 29, 2017. Additionally, excess tax benefits have been classified as an operating activity along with other income tax cash flows in the Consolidated Statements of Cash Flows. The Company has elected to adopt such presentation on a prospective basis.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 29, 2017
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 April 29, 2017 April 30, 2016 Net Shares Net Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 71 305.0 $ 116 309.7 Shares to be issued under deferred — 0.9 $ 71 305.0 $ 116 310.6 Basic earnings per share attributable to $ .23 $ .37 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 1.9 2.9 $ 71 306.9 $ 116 313.5 Diluted earnings per share attributable to $ .23 $ .37

Financing Activities Financing

Financing Activities Financing Activites (Tables)	3 Months Ended
	Apr. 29, 2017
Extinguishment of Debt [Line Items]
Detail of Debt Repayments	The following table shows the detail of debt repayments: 13 Weeks Ended April 29, 2017 April 30, 2016 (millions) 6.7% debentures due 2034 $ 11 $ — 6.375% senior notes due 2037 135 — 9.5% amortizing debentures due 2021 2 2 9.75% amortizing debentures due 2021 1 1 $ 149 $ 3

Benefit Plans (Tables)

Benefit Plans (Tables)	3 Months Ended
	Apr. 29, 2017
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 April 29, 2017 April 30, 2016 (millions) 401(k) Qualified Defined Contribution Plan $ 21 $ 24 Non-Qualified Defined Contribution Plan $ — $ — Pension Plan Service cost $ 1 $ 1 Interest cost 27 28 Expected return on assets (56 ) (56 ) Recognition of net actuarial loss 8 8 Amortization of prior service credit — — $ (20 ) $ (19 ) Supplementary Retirement Plan Service cost $ — $ — Interest cost 6 6 Recognition of net actuarial loss 2 2 Amortization of prior service cost — — $ 8 $ 8 Total Retirement Expense $ 9 $ 13 Postretirement Obligations Service cost $ — $ — Interest cost 1 2 Recognition of net actuarial gain (1 ) (1 ) Amortization of prior service cost — — $ — $ 1

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 29, 2017
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: April 29, 2017 April 30, 2016 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 $ 90 $ 21 $ 69 $ — $ 125 $ 17 $ 108 $ —
Estimated Fair Values of Company's Long Term Debt	The following table shows the estimated fair value of the Company's long-term debt: April 29, 2017 April 30, 2016 Notional Amount Carrying Amount Fair Value Notional Amount Carrying Amount Fair Value (millions) Long-term debt $ 6,310 $ 6,385 $ 6,251 $ 6,870 $ 6,962 $ 7,113

Condensed Consolidating Finan18

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Apr. 29, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet [Table Text Block]	Condensed Consolidating Balance Sheet As of April 29, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 779 $ 99 $ 323 $ — $ 1,201 Receivables — 118 227 — 345 Merchandise inventories — 2,560 3,066 — 5,626 Prepaid expenses and other current assets — 71 326 — 397 Total Current Assets 779 2,848 3,942 — 7,569 Property and Equipment – net — 3,293 3,593 — 6,886 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 49 447 — 496 Other Assets — 45 748 — 793 Deferred Income Taxes 24 — — (24 ) — Intercompany Receivable 920 — 1,833 (2,753 ) — Investment in Subsidiaries 3,003 3,535 — (6,538 ) — Total Assets $ 4,726 $ 13,085 $ 11,145 $ (9,315 ) $ 19,641 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 306 $ 7 $ — $ 313 Merchandise accounts payable — 841 1,187 — 2,028 Accounts payable and accrued liabilities 22 916 1,967 — 2,905 Income taxes 317 6 32 — 355 Total Current Liabilities 339 2,069 3,193 — 5,601 Long-Term Debt — 6,395 17 — 6,412 Intercompany Payable 18 2,801 (66 ) (2,753 ) — Deferred Income Taxes — 704 802 (24 ) 1,482 Other Liabilities 67 498 1,281 — 1,846 Shareholders' Equity: Macy's, Inc. 4,302 618 5,920 (6,538 ) 4,302 Noncontrolling Interest — — (2 ) — (2 ) Total Shareholders' Equity 4,302 618 5,918 (6,538 ) 4,300 Total Liabilities and Shareholders' Equity $ 4,726 $ 13,085 $ 11,145 $ (9,315 ) $ 19,641 Condensed Consolidating Balance Sheet As of April 30, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 287 $ 112 $ 335 $ — $ 734 Receivables — 158 241 — 399 Merchandise inventories — 2,707 3,031 — 5,738 Income tax receivable 66 — — (47 ) 19 Prepaid expenses and other current assets — 121 369 — 490 Total Current Assets 353 3,098 3,976 (47 ) 7,380 Property and Equipment – net — 3,840 3,635 — 7,475 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 50 461 — 511 Other Assets — 154 744 — 898 Deferred Income Taxes 23 — — (23 ) — Intercompany Receivable — — 3,433 (3,433 ) — Investment in Subsidiaries 4,651 3,810 — (8,461 ) — Total Assets $ 5,027 $ 14,267 $ 12,831 $ (11,964 ) $ 20,161 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 641 $ 1 $ — $ 642 Merchandise accounts payable — 872 1,143 — 2,015 Accounts payable and accrued liabilities 34 1,192 1,464 — 2,690 Income taxes — 9 38 (47 ) — Total Current Liabilities 34 2,714 2,646 (47 ) 5,347 Long-Term Debt — 6,971 19 — 6,990 Intercompany Payable 787 2,646 — (3,433 ) — Deferred Income Taxes — 726 833 (23 ) 1,536 Other Liabilities 58 547 1,529 — 2,134 Shareholders' Equity: Macy's, Inc. 4,148 663 7,798 (8,461 ) 4,148 Noncontrolling Interest — — 6 — 6 Total Shareholders' Equity 4,148 663 7,804 (8,461 ) 4,154 Total Liabilities and Shareholders' Equity $ 5,027 $ 14,267 $ 12,831 $ (11,964 ) $ 20,161 Condensed Consolidating Balance Sheet As of January 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 938 $ 81 $ 278 $ — $ 1,297 Receivables — 169 353 — 522 Merchandise inventories — 2,565 2,834 — 5,399 Prepaid expenses and other current assets — 84 324 — 408 Total Current Assets 938 2,899 3,789 — 7,626 Property and Equipment – net — 3,397 3,620 — 7,017 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 51 447 — 498 Other Assets — 47 766 — 813 Deferred Income Taxes 26 — — (26 ) — Intercompany Receivable 375 — 2,428 (2,803 ) — Investment in Subsidiaries 3,137 3,540 — (6,677 ) — Total Assets $ 4,476 $ 13,249 $ 11,632 $ (9,506 ) $ 19,851 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 306 $ 3 $ — $ 309 Merchandise accounts payable — 590 833 — 1,423 Accounts payable and accrued liabilities 16 1,064 2,483 — 3,563 Income taxes 71 16 265 — 352 Total Current Liabilities 87 1,976 3,584 — 5,647 Long-Term Debt — 6,544 18 — 6,562 Intercompany Payable — 2,803 — (2,803 ) — Deferred Income Taxes — 688 781 (26 ) 1,443 Other Liabilities 66 500 1,311 — 1,877 Shareholders' Equity: Macy's, Inc. 4,323 738 5,939 (6,677 ) 4,323 Noncontrolling Interest — — (1 ) — (1 ) Total Shareholders' Equity 4,323 738 5,938 (6,677 ) 4,322 Total Liabilities and Shareholders' Equity $ 4,476 $ 13,249 $ 11,632 $ (9,506 ) $ 19,851
Condensed Consolidating Statement of Cash Flows [Table Text Block]	Condensed Consolidating Statement of Cash Flows For the 13 Weeks Ended April 29, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 71 $ (127 ) $ 188 $ (62 ) $ 70 Equity in (earnings) loss of subsidiaries (71 ) 9 — 62 — Dividends received from subsidiaries 211 — — (211 ) — Depreciation and amortization — 89 154 — 243 (Increase) decrease in working capital 244 130 (485 ) — (111 ) Other, net 7 22 3 — 32 Net cash provided (used) by operating activities 462 123 (140 ) (211 ) 234 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net — 93 (174 ) — (81 ) Other, net — — 21 — 21 Net cash provided (used) by investing activities — 93 (153 ) — (60 ) Cash flows from financing activities: Debt repaid, net of debt issued — (149 ) 3 — (146 ) Dividends paid (155 ) — (171 ) 211 (115 ) Common stock acquired, net of 2 — (1 ) — 1 Intercompany activity, net (476 ) (18 ) 494 — — Other, net 8 (31 ) 13 — (10 ) Net cash provided (used) by (621 ) (198 ) 338 211 (270 ) Net increase (decrease) in cash (159 ) 18 45 — (96 ) Cash and cash equivalents at beginning of period 938 81 278 — 1,297 Cash and cash equivalents at end of period $ 779 $ 99 $ 323 $ — $ 1,201 Condensed Consolidating Statement of Cash Flows For the 13 Weeks Ended April 30, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 116 $ (121 ) $ 246 $ (126 ) $ 115 Impairments and other charges — 3 10 — 13 Equity in earnings of subsidiaries (116 ) (10 ) — 126 — Dividends received from subsidiaries 182 — — (182 ) — Depreciation and amortization — 102 158 — 260 (Increase) decrease in working capital (34 ) 55 (451 ) — (430 ) Other, net 19 16 15 — 50 Net cash provided (used) by operating activities 167 45 (22 ) (182 ) 8 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net — (54 ) (158 ) — (212 ) Other, net — (2 ) 3 — 1 Net cash used by investing activities — (56 ) (155 ) — (211 ) Cash flows from financing activities: Debt issued, net of debt repaid — (3 ) — — (3 ) Dividends paid (112 ) — (182 ) 182 (112 ) Common stock acquired, net of (104 ) — — — (104 ) Proceeds from noncontrolling interest — — 4 — 4 Intercompany activity, net (415 ) 52 363 — — Other, net 10 (17 ) 50 — 43 Net cash provided (used) by (621 ) 32 235 182 (172 ) Net increase (decrease) in cash and (454 ) 21 58 — (375 ) Cash and cash equivalents at beginning of period 741 91 277 — 1,109 Cash and cash equivalents at end of period $ 287 $ 112 $ 335 $ — $ 734
Condensed Consolidating Statement of Comprehensive Income [Table Text Block]	Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended April 29, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,056 $ 5,126 $ (1,844 ) $ 5,338 Cost of sales — (1,378 ) (3,772 ) 1,844 (3,306 ) Gross margin — 678 1,354 — 2,032 Selling, general and administrative expenses (1 ) (704 ) (1,107 ) — (1,812 ) Operating income (loss) (1 ) (26 ) 247 — 220 Interest (expense) income, net: External 1 (85 ) — — (84 ) Intercompany — (34 ) 34 — — Premium on early retirement of debt — (3 ) — — (3 ) Equity in earnings (loss) of subsidiaries 71 (9 ) — (62 ) — Income (loss) before income taxes 71 (157 ) 281 (62 ) 133 Federal, state and local income — 30 (93 ) — (63 ) Net income (loss) 71 (127 ) 188 (62 ) 70 Net loss attributable to noncontrolling interest — — 1 — 1 Net income (loss) attributable to $ 71 $ (127 ) $ 189 $ (62 ) $ 71 Comprehensive income (loss) $ 77 $ (121 ) $ 192 $ (72 ) $ 76 Comprehensive loss attributable to — — 1 — 1 Comprehensive income (loss) attributable to $ 77 $ (121 ) $ 193 $ (72 ) $ 77 Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended April 30, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,454 $ 5,374 $ (2,057 ) $ 5,771 Cost of sales — (1,604 ) (3,969 ) 2,057 (3,516 ) Gross margin — 850 1,405 — 2,255 Selling, general and administrative expenses (1 ) (882 ) (1,083 ) — (1,966 ) Settlement charges — (3 ) (10 ) — (13 ) Operating income (loss) (1 ) (35 ) 312 — 276 Interest (expense) income, net: External 1 (99 ) — — (98 ) Intercompany — (58 ) 58 — — Equity in earnings (loss) of subsidiaries 116 10 — (126 ) — Income (loss) before income taxes 116 (182 ) 370 (126 ) 178 Federal, state and local income — 61 (124 ) — (63 ) Net income (loss) 116 (121 ) 246 (126 ) 115 Net loss attributable to noncontrolling interest — — 1 — 1 Net income (loss) attributable to $ 116 $ (121 ) $ 247 $ (126 ) $ 116 Comprehensive income (loss) $ 108 $ (129 ) $ 241 $ (113 ) $ 107 Comprehensive loss attributable to — — 1 — 1 Comprehensive income (loss) attributable to $ 108 $ (129 ) $ 242 $ (113 ) $ 108

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Narrative) (Details)	Apr. 29, 2017stores
Number of states in which entity operates	45
Minimum [Member]
Number of Stores	840

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Stock Options [Member]
Stock options and restricted stock units outstanding, not included in computation of diluted earnings per share	16.2	11.2
Restricted Stock Units [Member]
Stock options and restricted stock units outstanding, not included in computation of diluted earnings per share	1.6	1

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
	Apr. 29, 2017	Apr. 30, 2016
Earnings Per Share [Abstract]
Net income (loss) attributable to Macy's, Inc. shareholders	$ 71	$ 116
Net income available to common stockholders, basic	71	116
Net income available to common stockholders, diluted	$ 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
Average number of shares issued, basic	305	309.7
Shares to be issued under deferred compensation and other plans	0	0.9
Average number of shares outstanding, basic	305	310.6
Effect of dilutive securities-stock options, restricted stock and restricted stock units	1.9	2.9
Average number of shares outstanding, diluted	306.9	313.5

Financing Activities (Details)

Financing Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Extinguishment of debt	$ 146
Extinguishment of debt cost	149
Premiums on early retirement of debt	$ 3	$ 0

Financing Activities (Detail Of

Financing Activities (Detail Of Debt Repayments) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Extinguishment of debt	$ 146
Debt repaid	149	$ 3
9.5% Amortizing Debentures due 2021
Extinguishment of debt	2	2
9.75% Amortizing Debentures Due 2021
Extinguishment of debt	1	1
6.7% Senior Debentures Due 2034
Extinguishment of debt	11	0
6.375% Senior Notes Due 2037
Extinguishment of debt	$ 135	$ 0

Benefit Plans (Net Periodic Ben

Benefit Plans (Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Total Retirement Expense	$ 9	$ 13
Settlement charges	0	13
Pension Plan [Member]
Service cost	1	1
Interest cost	27	28
Expected return on assets	(56)	(56)
Recognition of net actuarial (gain) loss	8	8
Amortization of prior service credit	0	0
Defined Benefit Plan, Net Periodic Benefit Cost	(20)	(19)
Supplemental Employee Retirement Plan [Member]
Service cost	0	0
Interest cost	6	6
Recognition of net actuarial (gain) loss	2	2
Amortization of prior service credit	0	0
Defined Benefit Plan, Net Periodic Benefit Cost	8	8
Other Postretirement Benefit Plan [Member]
Service cost	0	0
Interest cost	1	2
Recognition of net actuarial (gain) loss	(1)	(1)
Amortization of prior service credit	0	0
Defined Benefit Plan, Net Periodic Benefit Cost	0	1
Defined Contribution Qualified Plan [Member]
Defined contribution plans expense	21	24
Non qualified defined contribution plan [Member]
Defined contribution plans expense	$ 0	$ 0

Fair Value Measurements (Financ

Fair Value Measurements (Financial Assets Measured At Fair Value On A Recurring and Nonrecurring Basis) (Details) - USD ($) $ in Millions	Apr. 29, 2017	Apr. 30, 2016
Marketable equity and debt securities	$ 90	$ 125
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Marketable equity and debt securities	21	17
Significant Observable Inputs (Level 2) [Member]
Marketable equity and debt securities	69	108
Significant Unobservable Inputs (Level 3) [Member]
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	Apr. 29, 2017	Apr. 30, 2016
Long-term debt	$ 6,251	$ 7,113
Carrying Amount
Long-term debt	6,385	6,962
Notional Amount
Long-term debt	$ 6,310	$ 6,870

Condensed Consolidating Finan27

Condensed Consolidating Financial Information (Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Millions	Apr. 29, 2017	Jan. 28, 2017	Apr. 30, 2016	Jan. 30, 2016
Current Assets:
Cash and cash equivalents	$ 1,201	$ 1,297	$ 734	$ 1,109
Receivables	345	522	399
Merchandise inventories	5,626	5,399	5,738
Income tax receivable	0	0	19
Prepaid expenses and other current assets	397	408	490
Total Current Assets	7,569	7,626	7,380
Property and Equipment - net	6,886	7,017	7,475
Goodwill	3,897	3,897	3,897
Other Intangible Assets - net	496	498	511
Other Assets	793	813	898
Deferred Income Taxes	0	0	0
Intercompany Receivable	0	0	0
Investment in Subsidiaries	0	0	0
Total Assets	19,641	19,851	20,161
Current Liabilities:
Short-term debt	313	309	642
Merchandise accounts payable	2,028	1,423	2,015
Accounts payable and accrued liabilities	2,905	3,563	2,690
Income taxes	355	352	0
Total Current Liabilities	5,601	5,647	5,347
Long-Term Debt	6,412	6,562	6,990
Intercompany Payable	0	0	0
Deferred Income Taxes	1,482	1,443	1,536
Other Liabilities	1,846	1,877	2,134
Shareholders' Equity, Macy's, Inc.	4,302	4,323	4,148
Shareholders' Equity, noncontrolling interest	(2)	(1)	6
Total Shareholders’ Equity	4,300	4,322	4,154
Total Liabilities and Shareholders' Equity	19,641	19,851	20,161
Parent
Current Assets:
Cash and cash equivalents	779	938	287	741
Receivables	0	0	0
Merchandise inventories	0	0	0
Income tax receivable			66
Prepaid expenses and other current assets	0	0	0
Total Current Assets	779	938	353
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	24	26	23
Intercompany Receivable	920	375	0
Investment in Subsidiaries	3,003	3,137	4,651
Total Assets	4,726	4,476	5,027
Current Liabilities:
Short-term debt	0	0	0
Merchandise accounts payable	0	0	0
Accounts payable and accrued liabilities	22	16	34
Income taxes	317	71	0
Total Current Liabilities	339	87	34
Long-Term Debt	0	0	0
Intercompany Payable	18	0	787
Deferred Income Taxes	0	0	0
Other Liabilities	67	66	58
Shareholders' Equity, Macy's, Inc.	4,302	4,323	4,148
Shareholders' Equity, noncontrolling interest	0	0	0
Total Shareholders’ Equity	4,302	4,323	4,148
Total Liabilities and Shareholders' Equity	4,726	4,476	5,027
Subsidiary Issuer
Current Assets:
Cash and cash equivalents	99	81	112	91
Receivables	118	169	158
Merchandise inventories	2,560	2,565	2,707
Income tax receivable			0
Prepaid expenses and other current assets	71	84	121
Total Current Assets	2,848	2,899	3,098
Property and Equipment - net	3,293	3,397	3,840
Goodwill	3,315	3,315	3,315
Other Intangible Assets - net	49	51	50
Other Assets	45	47	154
Deferred Income Taxes	0	0	0
Intercompany Receivable	0	0	0
Investment in Subsidiaries	3,535	3,540	3,810
Total Assets	13,085	13,249	14,267
Current Liabilities:
Short-term debt	306	306	641
Merchandise accounts payable	841	590	872
Accounts payable and accrued liabilities	916	1,064	1,192
Income taxes	6	16	9
Total Current Liabilities	2,069	1,976	2,714
Long-Term Debt	6,395	6,544	6,971
Intercompany Payable	2,801	2,803	2,646
Deferred Income Taxes	704	688	726
Other Liabilities	498	500	547
Shareholders' Equity, Macy's, Inc.	618	738	663
Shareholders' Equity, noncontrolling interest	0	0	0
Total Shareholders’ Equity	618	738	663
Total Liabilities and Shareholders' Equity	13,085	13,249	14,267
Other Subsidiaries
Current Assets:
Cash and cash equivalents	323	278	335	277
Receivables	227	353	241
Merchandise inventories	3,066	2,834	3,031
Income tax receivable			0
Prepaid expenses and other current assets	326	324	369
Total Current Assets	3,942	3,789	3,976
Property and Equipment - net	3,593	3,620	3,635
Goodwill	582	582	582
Other Intangible Assets - net	447	447	461
Other Assets	748	766	744
Deferred Income Taxes	0	0	0
Intercompany Receivable	1,833	2,428	3,433
Investment in Subsidiaries	0	0	0
Total Assets	11,145	11,632	12,831
Current Liabilities:
Short-term debt	7	3	1
Merchandise accounts payable	1,187	833	1,143
Accounts payable and accrued liabilities	1,967	2,483	1,464
Income taxes	32	265	38
Total Current Liabilities	3,193	3,584	2,646
Long-Term Debt	17	18	19
Intercompany Payable	(66)	0	0
Deferred Income Taxes	802	781	833
Other Liabilities	1,281	1,311	1,529
Shareholders' Equity, Macy's, Inc.	5,920	5,939	7,798
Shareholders' Equity, noncontrolling interest	(2)	(1)	6
Total Shareholders’ Equity	5,918	5,938	7,804
Total Liabilities and Shareholders' Equity	11,145	11,632	12,831
Consolidating Adjustments
Current Assets:
Cash and cash equivalents	0	0	0	$ 0
Receivables	0	0	0
Merchandise inventories	0	0	0
Income tax receivable			(47)
Prepaid expenses and other current assets	0	0	0
Total Current Assets	0	0	(47)
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	(24)	(26)	(23)
Intercompany Receivable	(2,753)	(2,803)	(3,433)
Investment in Subsidiaries	(6,538)	(6,677)	(8,461)
Total Assets	(9,315)	(9,506)	(11,964)
Current Liabilities:
Short-term debt	0	0	0
Merchandise accounts payable	0	0	0
Accounts payable and accrued liabilities	0	0	0
Income taxes	0	0	(47)
Total Current Liabilities	0	0	(47)
Long-Term Debt	0	0	0
Intercompany Payable	(2,753)	(2,803)	(3,433)
Deferred Income Taxes	(24)	(26)	(23)
Other Liabilities	0	0	0
Shareholders' Equity, Macy's, Inc.	(6,538)	(6,677)	(8,461)
Shareholders' Equity, noncontrolling interest	0	0	0
Total Shareholders’ Equity	(6,538)	(6,677)	(8,461)
Total Liabilities and Shareholders' Equity	$ (9,315)	$ (9,506)	$ (11,964)

Condensed Consolidating Finan28

Condensed Consolidating Financial Information (Condensed Consolidating Statement of Operations) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
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) income, net
External	(84)	(98)
Intercompany	0	0
Income (Loss) from Equity Method Investments	0	0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	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
Comprehensive income (loss)	76	107
Comprehensive loss attributable to noncontrolling interest	1	1
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	77	108
Parent
Net sales	0	0
Cost of sales	0	0
Gross margin	0	0
Selling, general and administrative expenses	(1)	(1)
Settlement charges		0
Operating Income (Loss)	(1)	(1)
Interest (expense) income, net
External	1	1
Intercompany	0	0
Income (Loss) from Equity Method Investments	71	116
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	71	116
Federal, state and local income tax expense	0	0
Net income (loss)	71	116
Net loss attributable to noncontrolling interest	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	71	116
Comprehensive income (loss)	77	108
Comprehensive loss attributable to noncontrolling interest	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	77	108
Subsidiary Issuer
Net sales	2,056	2,454
Cost of sales	(1,378)	(1,604)
Gross margin	678	850
Selling, general and administrative expenses	(704)	(882)
Settlement charges		(3)
Operating Income (Loss)	(26)	(35)
Interest (expense) income, net
External	(85)	(99)
Intercompany	(34)	(58)
Income (Loss) from Equity Method Investments	(9)	10
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(157)	(182)
Federal, state and local income tax expense	30	61
Net income (loss)	(127)	(121)
Net loss attributable to noncontrolling interest	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	(127)	(121)
Comprehensive income (loss)	(121)	(129)
Comprehensive loss attributable to noncontrolling interest	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	(121)	(129)
Other Subsidiaries
Net sales	5,126	5,374
Cost of sales	(3,772)	(3,969)
Gross margin	1,354	1,405
Selling, general and administrative expenses	(1,107)	(1,083)
Settlement charges		(10)
Operating Income (Loss)	247	312
Interest (expense) income, net
External	0	0
Intercompany	34	58
Income (Loss) from Equity Method Investments	0	0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	281	370
Federal, state and local income tax expense	(93)	(124)
Net income (loss)	188	246
Net loss attributable to noncontrolling interest	1	1
Net income (loss) attributable to Macy's, Inc. shareholders	189	247
Comprehensive income (loss)	192	241
Comprehensive loss attributable to noncontrolling interest	1	1
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	193	242
Consolidating Adjustments
Net sales	(1,844)	(2,057)
Cost of sales	1,844	2,057
Gross margin	0	0
Selling, general and administrative expenses	0	0
Settlement charges		0
Operating Income (Loss)	0	0
Interest (expense) income, net
External	0	0
Intercompany	0	0
Income (Loss) from Equity Method Investments	(62)	(126)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(62)	(126)
Federal, state and local income tax expense	0	0
Net income (loss)	(62)	(126)
Net loss attributable to noncontrolling interest	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	(62)	(126)
Comprehensive income (loss)	(72)	(113)
Comprehensive loss attributable to noncontrolling interest	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	$ (72)	$ (113)

Condensed Consolidating Finan29

Condensed Consolidating Financial Information (Condensed Consolidating Statement of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 29, 2017	Apr. 30, 2016
Cash flows from operating activities:
Net income (loss)	$ 70	$ 115
Settlement charges	0	13
Equity in earnings of subsidiaries	0	0
Dividends received from subsidiaries	0	0
Depreciation and amortization	243	260
(Increase) decrease in working capital	(111)	(430)
Other, net	32	50
Net cash provided (used) by operating activities	234	8
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net	(81)	(212)
Other, net	21	1
Net cash used by investing activities	(60)	(211)
Cash flows from financing activities:
Debt repaid, net of debt issued	(146)	(3)
Dividends paid	(115)	(112)
(Common stock acquired) net of issuance of common stock	1	(104)
Proceeds from noncontrolling interest	0	4
Intercompany activity, net	0	0
Other, net	(10)	43
Net cash provided (used) by financing activities	(270)	(172)
Net increase (decrease) in cash and cash equivalents	(96)	(375)
Cash and cash equivalents beginning of period	1,297	1,109
Cash and cash equivalents end of period	1,201	734
Parent
Cash flows from operating activities:
Net income (loss)	71	116
Settlement charges		0
Equity in earnings of subsidiaries	(71)	(116)
Dividends received from subsidiaries	211	182
Depreciation and amortization	0	0
(Increase) decrease in working capital	244	(34)
Other, net	7	19
Net cash provided (used) by operating activities	462	167
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 repaid, net of debt issued	0	0
Dividends paid	(155)	(112)
(Common stock acquired) net of issuance of common stock	2	(104)
Proceeds from noncontrolling interest		0
Intercompany activity, net	(476)	(415)
Other, net	8	10
Net cash provided (used) by financing activities	(621)	(621)
Net increase (decrease) in cash and cash equivalents	(159)	(454)
Cash and cash equivalents beginning of period	938	741
Cash and cash equivalents end of period	779	287
Subsidiary Issuer
Cash flows from operating activities:
Net income (loss)	(127)	(121)
Settlement charges		3
Equity in earnings of subsidiaries	9	(10)
Dividends received from subsidiaries	0	0
Depreciation and amortization	89	102
(Increase) decrease in working capital	130	55
Other, net	22	16
Net cash provided (used) by operating activities	123	45
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net	93	(54)
Other, net	0	(2)
Net cash used by investing activities	93	(56)
Cash flows from financing activities:
Debt repaid, net of debt issued	(149)	(3)
Dividends paid	0	0
(Common stock acquired) net of issuance of common stock	0	0
Proceeds from noncontrolling interest		0
Intercompany activity, net	(18)	52
Other, net	(31)	(17)
Net cash provided (used) by financing activities	(198)	32
Net increase (decrease) in cash and cash equivalents	18	21
Cash and cash equivalents beginning of period	81	91
Cash and cash equivalents end of period	99	112
Other Subsidiaries
Cash flows from operating activities:
Net income (loss)	188	246
Settlement charges		10
Equity in earnings of subsidiaries	0	0
Dividends received from subsidiaries	0	0
Depreciation and amortization	154	158
(Increase) decrease in working capital	(485)	(451)
Other, net	3	15
Net cash provided (used) by operating activities	(140)	(22)
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net	(174)	(158)
Other, net	21	3
Net cash used by investing activities	(153)	(155)
Cash flows from financing activities:
Debt repaid, net of debt issued	3	0
Dividends paid	(171)	(182)
(Common stock acquired) net of issuance of common stock	(1)	0
Proceeds from noncontrolling interest		4
Intercompany activity, net	494	363
Other, net	13	50
Net cash provided (used) by financing activities	338	235
Net increase (decrease) in cash and cash equivalents	45	58
Cash and cash equivalents beginning of period	278	277
Cash and cash equivalents end of period	323	335
Consolidating Adjustments
Cash flows from operating activities:
Net income (loss)	(62)	(126)
Settlement charges		0
Equity in earnings of subsidiaries	62	126
Dividends received from subsidiaries	(211)	(182)
Depreciation and amortization	0	0
(Increase) decrease in working capital	0	0
Other, net	0	0
Net cash provided (used) by operating activities	(211)	(182)
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 repaid, net of debt issued	0	0
Dividends paid	211	182
(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	211	182
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