Macy's (M) 10-Q 4 Dec 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 28, 2017	Nov. 25, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 28, 2017
Document Fiscal Year Focus	2,017
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	--02-03
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		304,566,377

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Income Statement [Abstract]
Net sales	$ 5,281	$ 5,626	$ 16,171	$ 17,263
Cost of sales	(3,175)	(3,386)	(9,794)	(10,370)
Gross margin	2,106	2,240	6,377	6,893
Selling, general and administrative expenses	(1,995)	(2,112)	(5,853)	(6,139)
Gains on sale of real estate	65	41	176	76
Impairments, restructuring and other costs	(33)	0	(33)	(249)
Settlement charges	(22)	(62)	(73)	(81)
Operating income (loss)	121	107	594	500
Interest expense	(76)	(82)	(244)	(279)
Net premiums on early retirement of debt	0	0	(1)	0
Interest income	2	1	7	3
Income (loss) before income taxes	47	26	356	224
Federal, state and local income tax expense	(13)	(11)	(140)	(85)
Net income (loss)	34	15	216	139
Net loss attributable to noncontrolling interest	2	2	6	5
Net income (loss) attributable to Macy's, Inc. shareholders	$ 36	$ 17	$ 222	$ 144
Basic earnings per share attributable to Macy's, Inc. shareholders	$ 0.12	$ 0.05	$ 0.73	$ 0.46
Diluted earnings per share attributable to Macy's, Inc. shareholders	$ 0.12	$ 0.05	$ 0.73	$ 0.46

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Net income (loss)	$ 34	$ 15	$ 216	$ 139
Actuarial gain (loss) on postretirement benefit plans, before tax	10	3	57	(74)
Settlement charges, before tax	22	62	73	81
Amortization of net actuarial loss on post employment and postretirement benefit plans, before tax	8	9	26	26
Tax effect related to items of other comprehensive income (loss)	(15)	(29)	(60)	(13)
Total other comprehensive income (loss), net of tax effect	25	45	96	20
Comprehensive income (loss)	59	60	312	159
Comprehensive loss attributable to noncontrolling interest	2	2	6	5
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	$ 61	$ 62	$ 318	$ 164

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 28, 2017	Jan. 28, 2017	Oct. 29, 2016	Jan. 30, 2016
Current Assets:
Cash and cash equivalents	$ 534	$ 1,297	$ 457	$ 1,109
Receivables	219	522	262
Merchandise inventories	7,065	5,399	7,587
Income Taxes Receivable, Current	0	0	60
Prepaid expenses and other current assets	432	408	454
Total Current Assets	8,250	7,626	8,820
Property and Equipment - net	6,742	7,017	7,149
Goodwill	3,897	3,897	3,897
Other Intangible Assets - net	491	498	499
Other Assets	835	813	909
Total Assets	20,215	19,851	21,274
Current Liabilities:
Short-term debt	22	309	938
Merchandise accounts payable	3,173	1,423	3,375
Accounts payable and accrued liabilities	3,162	3,563	2,930
Income taxes	34	352	0
Total Current Liabilities	6,391	5,647	7,243
Long-Term Debt	6,297	6,562	6,563
Deferred Income Taxes	1,553	1,443	1,548
Other Liabilities	1,750	1,877	2,129
Shareholders' Equity, Macy's, Inc.	4,231	4,323	3,789
Shareholders' Equity, noncontrolling interest	(7)	(1)	2
Total Shareholders’ Equity	4,224	4,322	3,791
Total Liabilities and Shareholders' Equity	$ 20,215	$ 19,851	$ 21,274

Consolidated Balance Sheets (pa

Consolidated Balance Sheets (parenthetical) - USD ($) $ in Millions	Oct. 28, 2017	Jan. 28, 2017	Oct. 29, 2016
Accumulated depreciation	$ 5,330	$ 4,856	$ 5,457

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016
Net income (loss)	$ 216	$ 139
Adjustments to reconcile net income to net cash provided by operating activities:
Impairments, restructuring and other costs	33	249
Settlement charges	73	81
Depreciation and amortization	741	787
Stock-based compensation expense	46	56
Gains on sale of real estate	(176)	(76)
Amortization of financing costs and premium on acquired debt	(10)	(14)
Changes in assets and liabilities:
Decrease in receivables	274	237
Increase in merchandise inventories	(1,665)	(2,081)
Increase in prepaid expenses and other current assets	(20)	(37)
Increase in merchandise accounts payable	1,630	1,665
Decrease in accounts payable, accrued liabilities and other items not separately identified	(375)	(380)
Decrease in current income taxes	(318)	(287)
Increase in deferred income taxes	49	45
Change in Other assets and liabilities not separately identified	(109)	(76)
Net cash provided (used) by operating activities	389	308
Cash flows from investing activities:
Purchase of property and equipment	(359)	(451)
Capitalized software	(191)	(230)
Disposition of property and equipment	212	138
Other, net	(8)	52
Net cash used by investing activities	(346)	(491)
Cash flows from financing activities:
Proceeds from Issuance of Commercial Paper	0	51
Debt repaid	(554)	(174)
Financing costs	(1)	(3)
Dividends paid	(346)	(344)
Increase (decrease) in outstanding checks	80	193
Acquisition of treasury stock	(1)	(230)
Issuance of common stock	3	31
Proceeds from noncontrolling interest	13	7
Net cash provided (used) by financing activities	(806)	(469)
Net increase (decrease) in cash and cash equivalents	(763)	(652)
Cash and cash equivalents beginning of period	1,297	1,109
Cash and cash equivalents end of period	534	457
Supplemental cash flow information:
Interest paid	251	279
Interest received	7	3
Income taxes paid (net of refunds received)	$ 412	$ 308

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 28, 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 860 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 and 39 weeks ended October 28, 2017 and October 29, 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 and 39 weeks ended October 28, 2017 and October 29, 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 in the most recent years. 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 and 39 weeks ended October 28, 2017 and October 29, 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. For awards that were exercised, vested or expired during the 39 weeks ended October 28, 2017 , approximately $12 million of additional income tax expense associated with net tax deficiencies was recognized. Additionally, these net tax deficiencies 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	9 Months Ended
	Oct. 28, 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 October 28, 2017 October 29, 2016 Net Shares Net Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 36 304.6 $ 17 307.5 Shares to be issued under deferred 0.9 0.9 $ 36 305.5 $ 17 308.4 Basic earnings per share attributable to $ .12 $ .05 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 1.0 2.2 $ 36 306.5 $ 17 310.6 Diluted earnings per share attributable to $ .12 $ .05 39 Weeks Ended October 28, 2017 October 29, 2016 Net Shares Net Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 222 304.5 $ 144 308.6 Shares to be issued under deferred 0.8 0.9 $ 222 305.3 $ 144 309.5 Basic earnings per share attributable to $ .73 $ .46 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 1.3 2.3 $ 222 306.6 $ 144 311.8 Diluted earnings per share attributable to $ .73 $ .46 For the 13 and 39 weeks ended October 28, 2017 , in addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 18.9 million shares of common stock and restricted stock units relating to 1.2 million shares of common stock were outstanding at October 28, 2017 , but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met. For the 13 and 39 weeks ended October 29, 2016 , in addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 15.7 million shares of common stock and restricted stock units relating to 0.7 million shares of common stock were outstanding at October 29, 2016 , but were not included in the computation of diluted earnings per share 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. 28, 2017
Financing Activities [Abstract]
Financing Activities	Financing Activities The following table shows the detail of debt repayments: 39 Weeks Ended October 28, 2017 October 29, 2016 (millions) 7.45% Senior debentures due 2017 $ 300 $ — 7.875% Senior debentures due 2036 — 108 6.375% Senior notes due 2037 135 — 7.45% Senior debentures due 2016 — 59 6.9% Senior debentures due 2032 72 — 6.7% Senior debentures due 2034 28 — 6.65% Senior debentures due 2024 4 — 6.9% Senior debentures due 2029 3 — 6.7% Senior debentures due 2028 3 — 7.0% Senior debentures due 2028 2 — 9.5% amortizing debentures due 2021 4 4 9.75% amortizing debentures due 2021 2 2 Capital leases and other obligations 1 1 $ 554 $ 174 During the 39 weeks ended October 28, 2017 , the Company repaid, at maturity, $300 million of 7.45% senior debentures due July 2017. During the 39 weeks ended October 28, 2017 , the Company repurchased $247 million face value of senior notes and debentures. The debt repurchases were made in the open market for a total cash cost of $257 million , including expenses related to the transactions. Such repurchases resulted in the recognition of expense of $1 million during the 39 weeks ended October 28, 2017 presented as net premiums on early retirement of debt on the Consolidated Statements of Income. On November 27, 2017, the Company commenced a cash tender offer ("tender offer") to purchase up to $400 million in aggregate principal amount of certain senior unsecured notes and debentures, with stated interest rates ranging from 6.375% to 10.25% and maturities ranging from fiscal years 2021 to 2037 . The tender offer expires on December 22, 2017, with an early tender date on December 8, 2017. The Company expects to record the redemption premium and other costs related to these repurchases as net premiums on early retirement of debt on the Consolidated Statements of Income during the fourth quarter of 2017.

Benefit Plans

Benefit Plans	9 Months Ended
	Oct. 28, 2017
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [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 28, 2017 October 29, 2016 October 28, 2017 October 29, 2016 (millions) (millions) 401(k) Qualified Defined Contribution Plan $ 20 $ 22 $ 65 $ 71 Non-Qualified Defined Contribution Plan $ — $ — $ — $ 1 Pension Plan Service cost $ 1 $ 1 $ 4 $ 3 Interest cost 25 27 79 83 Expected return on assets (55 ) (56 ) (168 ) (170 ) Recognition of net actuarial loss 8 7 24 22 Amortization of prior service credit — — — — $ (21 ) $ (21 ) $ (61 ) $ (62 ) Supplementary Retirement Plan Service cost $ — $ — $ — $ — Interest cost 5 5 16 17 Recognition of net actuarial loss 2 3 6 7 Amortization of prior service cost — — — — $ 7 $ 8 $ 22 $ 24 Total Retirement Expense $ 6 $ 9 $ 26 $ 34 Postretirement Obligations Service cost $ — $ — $ — $ — Interest cost 1 1 4 4 Recognition of net actuarial gain (2 ) (1 ) (4 ) (3 ) Amortization of prior service cost — — — — $ (1 ) $ — $ — $ 1 During the 13 and 39 weeks ended October 28, 2017 , the Company incurred $22 million and $73 million , respectively, of non-cash settlement charges relating to the Company's defined benefit plans. During the 13 and 39 weeks ended October 29, 2016 , the Company also incurred $62 million and $81 million , respectively, 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 a voluntary separation program, organizational restructuring, and store closings, in addition to periodic distribution activity.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 28, 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: October 28, 2017 October 29, 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 $ 100 $ 23 $ 77 $ — $ 127 $ 19 $ 108 $ — Other financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, receivables, certain short-term investments and other assets, 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: October 28, 2017 October 29, 2016 Notional Amount Carrying Amount Fair Value Notional Amount Carrying Amount Fair Value (millions) Long-term debt $ 6,206 $ 6,297 $ 5,908 $ 6,459 $ 6,536 $ 6,749

Condensed Consolidating Financi

Condensed Consolidating Financial Information	9 Months Ended
	Oct. 28, 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 and 39 weeks ended October 28, 2017 and October 29, 2016 , Condensed Consolidating Balance Sheets as of October 28, 2017 , October 29, 2016 and January 28, 2017 , and the related Condensed Consolidating Statements of Cash Flows for the 39 weeks ended October 28, 2017 and October 29, 2016 are presented on the following pages. Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended October 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,077 $ 5,861 $ (2,657 ) $ 5,281 Cost of sales — (1,391 ) (4,441 ) 2,657 (3,175 ) Gross margin — 686 1,420 — 2,106 Selling, general and administrative expenses — (813 ) (1,182 ) — (1,995 ) Gains on sale of real estate — 24 41 — 65 Restructuring and other costs — (1 ) (32 ) — (33 ) Settlement charges — (8 ) (14 ) — (22 ) Operating income (loss) — (112 ) 233 — 121 Interest (expense) income, net: External 1 (76 ) 1 — (74 ) Intercompany — (34 ) 34 — — Equity in earnings (loss) of subsidiaries 35 (61 ) — 26 — Income (loss) before income taxes 36 (283 ) 268 26 47 Federal, state and local income — 59 (72 ) — (13 ) Net income (loss) 36 (224 ) 196 26 34 Net loss attributable to noncontrolling interest — — 2 — 2 Net income (loss) attributable to $ 36 $ (224 ) $ 198 $ 26 $ 36 Comprehensive income (loss) $ 61 $ (201 ) $ 212 $ (13 ) $ 59 Comprehensive loss attributable to — — 2 — 2 Comprehensive income (loss) attributable to $ 61 $ (201 ) $ 214 $ (13 ) $ 61 Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended October 29, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,376 $ 6,183 $ (2,933 ) $ 5,626 Cost of sales — (1,577 ) (4,742 ) 2,933 (3,386 ) Gross margin — 799 1,441 — 2,240 Selling, general and administrative expenses (1 ) (950 ) (1,161 ) — (2,112 ) Gains on sale of real estate — 41 — — 41 Settlement charges — (24 ) (38 ) — (62 ) Operating income (loss) (1 ) (134 ) 242 — 107 Interest (expense) income, net: External 1 (82 ) — — (81 ) Intercompany — (51 ) 51 — — Equity in earnings (loss) of subsidiaries 17 (101 ) — 84 — Income (loss) before income taxes 17 (368 ) 293 84 26 Federal, state and local income — 68 (79 ) — (11 ) Net income (loss) 17 (300 ) 214 84 15 Net loss attributable to noncontrolling interest — — 2 — 2 Net income (loss) attributable to $ 17 $ (300 ) $ 216 $ 84 $ 17 Comprehensive income (loss) $ 62 $ (255 ) $ 241 $ 12 $ 60 Comprehensive loss attributable to — — 2 — 2 Comprehensive income (loss) attributable to $ 62 $ (255 ) $ 243 $ 12 $ 62 Condensed Consolidating Statement of Comprehensive Income For the 39 weeks ended October 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 6,319 $ 15,727 $ (5,875 ) $ 16,171 Cost of sales — (4,126 ) (11,543 ) 5,875 (9,794 ) Gross margin — 2,193 4,184 — 6,377 Selling, general and administrative expenses (1 ) (2,430 ) (3,422 ) — (5,853 ) Gains on sale of real estate — 116 60 — 176 Restructuring and other costs — (1 ) (32 ) — (33 ) Settlement charges — (24 ) (49 ) — (73 ) Operating income (loss) (1 ) (146 ) 741 — 594 Interest (expense) income, net: External 4 (243 ) 2 — (237 ) Intercompany — (102 ) 102 — — Net premiums on early retirement of debt — (1 ) — — (1 ) Equity in earnings (loss) of subsidiaries 220 (30 ) — (190 ) — Income (loss) before income taxes 223 (522 ) 845 (190 ) 356 Federal, state and local income (1 ) 142 (281 ) — (140 ) Net income (loss) 222 (380 ) 564 (190 ) 216 Net loss attributable to noncontrolling interest — — 6 — 6 Net income (loss) attributable to $ 222 $ (380 ) $ 570 $ (190 ) $ 222 Comprehensive income (loss) $ 318 $ (290 ) $ 627 $ (343 ) $ 312 Comprehensive loss attributable to — — 6 — 6 Comprehensive income (loss) attributable to $ 318 $ (290 ) $ 633 $ (343 ) $ 318 Condensed Consolidating Statement of Comprehensive Income For the 39 weeks ended October 29, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 7,324 $ 16,546 $ (6,607 ) $ 17,263 Cost of sales — (4,704 ) (12,273 ) 6,607 (10,370 ) Gross margin — 2,620 4,273 — 6,893 Selling, general and administrative expenses (2 ) (2,803 ) (3,334 ) — (6,139 ) Gains on sale of real estate — 71 5 — 76 Impairments and other costs — (184 ) (65 ) — (249 ) Settlement charges — (29 ) (52 ) — (81 ) Operating income (loss) (2 ) (325 ) 827 — 500 Interest (expense) income, net: External 2 (278 ) — — (276 ) Intercompany — (166 ) 166 — — Equity in earnings (loss) of subsidiaries 144 (69 ) — (75 ) — Income (loss) before income taxes 144 (838 ) 993 (75 ) 224 Federal, state and local income — 243 (328 ) — (85 ) Net income (loss) 144 (595 ) 665 (75 ) 139 Net loss attributable to noncontrolling interest — — 5 — 5 Net income (loss) attributable to $ 144 $ (595 ) $ 670 $ (75 ) $ 144 Comprehensive income (loss) $ 164 $ (575 ) $ 677 $ (107 ) $ 159 Comprehensive loss attributable to — — 5 — 5 Comprehensive income (loss) attributable to $ 164 $ (575 ) $ 682 $ (107 ) $ 164 Condensed Consolidating Balance Sheet As of October 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 116 $ 89 $ 329 $ — $ 534 Receivables — 67 152 — 219 Merchandise inventories — 3,218 3,847 — 7,065 Income tax receivable — 2 — (2 ) — Prepaid expenses and other current assets — 86 346 — 432 Total Current Assets 116 3,462 4,674 (2 ) 8,250 Property and Equipment – net — 3,184 3,558 — 6,742 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 46 445 — 491 Other Assets 1 62 772 — 835 Deferred Income Taxes 26 — — (26 ) — Intercompany Receivable 1,436 — 1,971 (3,407 ) — Investment in Subsidiaries 2,882 3,644 — (6,526 ) — Total Assets $ 4,461 $ 13,713 $ 12,002 $ (9,961 ) $ 20,215 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 6 $ 16 $ — $ 22 Merchandise accounts payable — 1,339 1,834 — 3,173 Accounts payable and accrued liabilities 139 975 2,048 — 3,162 Income taxes 20 — 16 (2 ) 34 Total Current Liabilities 159 2,320 3,914 (2 ) 6,391 Long-Term Debt — 6,280 17 — 6,297 Intercompany Payable — 3,407 — (3,407 ) — Deferred Income Taxes — 707 872 (26 ) 1,553 Other Liabilities 71 476 1,203 — 1,750 Shareholders' Equity: Macy's, Inc. 4,231 523 6,003 (6,526 ) 4,231 Noncontrolling Interest — — (7 ) — (7 ) Total Shareholders' Equity 4,231 523 5,996 (6,526 ) 4,224 Total Liabilities and Shareholders' Equity $ 4,461 $ 13,713 $ 12,002 $ (9,961 ) $ 20,215 Condensed Consolidating Balance Sheet As of October 29, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 60 $ 99 $ 298 $ — $ 457 Receivables — 74 188 — 262 Merchandise inventories — 3,621 3,966 — 7,587 Income tax receivable 99 — — (39 ) 60 Prepaid expenses and other current assets — 89 365 — 454 Total Current Assets 159 3,883 4,817 (39 ) 8,820 Property and Equipment – net — 3,534 3,615 — 7,149 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 47 452 — 499 Other Assets 1 153 755 — 909 Deferred Income Taxes 24 — — (24 ) — Intercompany Receivable 878 — 1,876 (2,754 ) — Investment in Subsidiaries 2,954 3,173 — (6,127 ) — Total Assets $ 4,016 $ 14,105 $ 12,097 $ (8,944 ) $ 21,274 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 935 $ 3 $ — $ 938 Merchandise accounts payable — 1,481 1,894 — 3,375 Accounts payable and accrued liabilities 164 910 1,856 — 2,930 Income taxes — 3 36 (39 ) — Total Current Liabilities 164 3,329 3,789 (39 ) 7,243 Long-Term Debt — 6,545 18 — 6,563 Intercompany Payable — 2,754 — (2,754 ) — Deferred Income Taxes — 694 878 (24 ) 1,548 Other Liabilities 63 565 1,501 — 2,129 Shareholders' Equity: Macy's, Inc. 3,789 218 5,909 (6,127 ) 3,789 Noncontrolling Interest — — 2 — 2 Total Shareholders' Equity 3,789 218 5,911 (6,127 ) 3,791 Total Liabilities and Shareholders' Equity $ 4,016 $ 14,105 $ 12,097 $ (8,944 ) $ 21,274 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 39 Weeks Ended October 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 222 $ (380 ) $ 564 $ (190 ) $ 216 Restructuring and other costs — 1 32 — 33 Settlement charges — 24 49 — 73 Equity in loss (earnings) of subsidiaries (220 ) 30 — 190 — Dividends received from subsidiaries 571 — — (571 ) — Depreciation and amortization — 265 476 — 741 (Increase) decrease in working capital (52 ) 35 (633 ) — (650 ) Other, net 8 2 (34 ) — (24 ) Net cash provided (used) by operating activities 529 (23 ) 454 (571 ) 389 Cash flows from investing activities: Disposition (purchase) of property and equipment and capitalized software, net — 30 (368 ) — (338 ) Other, net — 2 (10 ) — (8 ) Net cash provided (used) by investing activities — 32 (378 ) — (346 ) Cash flows from financing activities: Debt repaid — (553 ) (1 ) — (554 ) Dividends paid (346 ) — (571 ) 571 (346 ) Issuance of common stock, net of common stock acquired 2 — — — 2 Proceeds from noncontrolling interest — — 13 — 13 Intercompany activity, net (1,016 ) 584 432 — — Other, net 9 (32 ) 102 — 79 Net cash used by financing activities (1,351 ) (1 ) (25 ) 571 (806 ) Net increase (decrease) in cash and (822 ) 8 51 — (763 ) Cash and cash equivalents at beginning of period 938 81 278 — 1,297 Cash and cash equivalents at end of period $ 116 $ 89 $ 329 $ — $ 534 Condensed Consolidating Statement of Cash Flows For the 39 Weeks Ended October 29, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 144 $ (595 ) $ 665 $ (75 ) $ 139 Impairments and other costs — 184 65 — 249 Settlement charges — 29 52 — 81 Equity in loss (earnings) of subsidiaries (144 ) 69 — 75 — Dividends received from subsidiaries 535 575 — (1,110 ) — Depreciation and amortization — 298 489 — 787 Increase in working capital (59 ) (572 ) (328 ) — (959 ) Other, net 19 (36 ) 28 — 11 Net cash provided (used) by operating activities 495 (48 ) 971 (1,110 ) 308 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net — (23 ) (520 ) — (543 ) Other, net — 47 5 — 52 Net cash provided (used) by investing activities — 24 (515 ) — (491 ) Cash flows from financing activities: Debt repaid, net of debt issued — (122 ) (1 ) — (123 ) Dividends paid (344 ) — (1,110 ) 1,110 (344 ) Common stock acquired, net of (199 ) — — — (199 ) Proceeds from noncontrolling interest — — 7 — 7 Intercompany activity, net (642 ) 158 484 — — Other, net 9 (4 ) 185 — 190 Net cash provided (used) by (1,176 ) 32 (435 ) 1,110 (469 ) Net increase (decrease) in cash and (681 ) 8 21 — (652 ) Cash and cash equivalents at beginning of period 741 91 277 — 1,109 Cash and cash equivalents at end of period $ 60 $ 99 $ 298 $ — $ 457

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Policy)	9 Months Ended
	Oct. 28, 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 860 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 and 39 weeks ended October 28, 2017 and October 29, 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 in the most recent years.
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 and 39 weeks ended October 28, 2017 and October 29, 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. For awards that were exercised, vested or expired during the 39 weeks ended October 28, 2017 , approximately $12 million of additional income tax expense associated with net tax deficiencies was recognized. Additionally, these net tax deficiencies 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)	9 Months Ended
	Oct. 28, 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 October 28, 2017 October 29, 2016 Net Shares Net Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 36 304.6 $ 17 307.5 Shares to be issued under deferred 0.9 0.9 $ 36 305.5 $ 17 308.4 Basic earnings per share attributable to $ .12 $ .05 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 1.0 2.2 $ 36 306.5 $ 17 310.6 Diluted earnings per share attributable to $ .12 $ .05 39 Weeks Ended October 28, 2017 October 29, 2016 Net Shares Net Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 222 304.5 $ 144 308.6 Shares to be issued under deferred 0.8 0.9 $ 222 305.3 $ 144 309.5 Basic earnings per share attributable to $ .73 $ .46 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 1.3 2.3 $ 222 306.6 $ 144 311.8 Diluted earnings per share attributable to $ .73 $ .46

Financing Activities Financing

Financing Activities Financing Activites (Tables)	9 Months Ended
	Oct. 28, 2017
Extinguishment of Debt [Line Items]
Detail of Debt Repayments	The following table shows the detail of debt repayments: 39 Weeks Ended October 28, 2017 October 29, 2016 (millions) 7.45% Senior debentures due 2017 $ 300 $ — 7.875% Senior debentures due 2036 — 108 6.375% Senior notes due 2037 135 — 7.45% Senior debentures due 2016 — 59 6.9% Senior debentures due 2032 72 — 6.7% Senior debentures due 2034 28 — 6.65% Senior debentures due 2024 4 — 6.9% Senior debentures due 2029 3 — 6.7% Senior debentures due 2028 3 — 7.0% Senior debentures due 2028 2 — 9.5% amortizing debentures due 2021 4 4 9.75% amortizing debentures due 2021 2 2 Capital leases and other obligations 1 1 $ 554 $ 174

Benefit Plans (Tables)

Benefit Plans (Tables)	9 Months Ended
	Oct. 28, 2017
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [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 28, 2017 October 29, 2016 October 28, 2017 October 29, 2016 (millions) (millions) 401(k) Qualified Defined Contribution Plan $ 20 $ 22 $ 65 $ 71 Non-Qualified Defined Contribution Plan $ — $ — $ — $ 1 Pension Plan Service cost $ 1 $ 1 $ 4 $ 3 Interest cost 25 27 79 83 Expected return on assets (55 ) (56 ) (168 ) (170 ) Recognition of net actuarial loss 8 7 24 22 Amortization of prior service credit — — — — $ (21 ) $ (21 ) $ (61 ) $ (62 ) Supplementary Retirement Plan Service cost $ — $ — $ — $ — Interest cost 5 5 16 17 Recognition of net actuarial loss 2 3 6 7 Amortization of prior service cost — — — — $ 7 $ 8 $ 22 $ 24 Total Retirement Expense $ 6 $ 9 $ 26 $ 34 Postretirement Obligations Service cost $ — $ — $ — $ — Interest cost 1 1 4 4 Recognition of net actuarial gain (2 ) (1 ) (4 ) (3 ) Amortization of prior service cost — — — — $ (1 ) $ — $ — $ 1

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 28, 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: October 28, 2017 October 29, 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 $ 100 $ 23 $ 77 $ — $ 127 $ 19 $ 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: October 28, 2017 October 29, 2016 Notional Amount Carrying Amount Fair Value Notional Amount Carrying Amount Fair Value (millions) Long-term debt $ 6,206 $ 6,297 $ 5,908 $ 6,459 $ 6,536 $ 6,749

Condensed Consolidating Finan18

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Oct. 28, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet [Table Text Block]	Condensed Consolidating Balance Sheet As of October 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 116 $ 89 $ 329 $ — $ 534 Receivables — 67 152 — 219 Merchandise inventories — 3,218 3,847 — 7,065 Income tax receivable — 2 — (2 ) — Prepaid expenses and other current assets — 86 346 — 432 Total Current Assets 116 3,462 4,674 (2 ) 8,250 Property and Equipment – net — 3,184 3,558 — 6,742 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 46 445 — 491 Other Assets 1 62 772 — 835 Deferred Income Taxes 26 — — (26 ) — Intercompany Receivable 1,436 — 1,971 (3,407 ) — Investment in Subsidiaries 2,882 3,644 — (6,526 ) — Total Assets $ 4,461 $ 13,713 $ 12,002 $ (9,961 ) $ 20,215 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 6 $ 16 $ — $ 22 Merchandise accounts payable — 1,339 1,834 — 3,173 Accounts payable and accrued liabilities 139 975 2,048 — 3,162 Income taxes 20 — 16 (2 ) 34 Total Current Liabilities 159 2,320 3,914 (2 ) 6,391 Long-Term Debt — 6,280 17 — 6,297 Intercompany Payable — 3,407 — (3,407 ) — Deferred Income Taxes — 707 872 (26 ) 1,553 Other Liabilities 71 476 1,203 — 1,750 Shareholders' Equity: Macy's, Inc. 4,231 523 6,003 (6,526 ) 4,231 Noncontrolling Interest — — (7 ) — (7 ) Total Shareholders' Equity 4,231 523 5,996 (6,526 ) 4,224 Total Liabilities and Shareholders' Equity $ 4,461 $ 13,713 $ 12,002 $ (9,961 ) $ 20,215 Condensed Consolidating Balance Sheet As of October 29, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 60 $ 99 $ 298 $ — $ 457 Receivables — 74 188 — 262 Merchandise inventories — 3,621 3,966 — 7,587 Income tax receivable 99 — — (39 ) 60 Prepaid expenses and other current assets — 89 365 — 454 Total Current Assets 159 3,883 4,817 (39 ) 8,820 Property and Equipment – net — 3,534 3,615 — 7,149 Goodwill — 3,315 582 — 3,897 Other Intangible Assets – net — 47 452 — 499 Other Assets 1 153 755 — 909 Deferred Income Taxes 24 — — (24 ) — Intercompany Receivable 878 — 1,876 (2,754 ) — Investment in Subsidiaries 2,954 3,173 — (6,127 ) — Total Assets $ 4,016 $ 14,105 $ 12,097 $ (8,944 ) $ 21,274 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 935 $ 3 $ — $ 938 Merchandise accounts payable — 1,481 1,894 — 3,375 Accounts payable and accrued liabilities 164 910 1,856 — 2,930 Income taxes — 3 36 (39 ) — Total Current Liabilities 164 3,329 3,789 (39 ) 7,243 Long-Term Debt — 6,545 18 — 6,563 Intercompany Payable — 2,754 — (2,754 ) — Deferred Income Taxes — 694 878 (24 ) 1,548 Other Liabilities 63 565 1,501 — 2,129 Shareholders' Equity: Macy's, Inc. 3,789 218 5,909 (6,127 ) 3,789 Noncontrolling Interest — — 2 — 2 Total Shareholders' Equity 3,789 218 5,911 (6,127 ) 3,791 Total Liabilities and Shareholders' Equity $ 4,016 $ 14,105 $ 12,097 $ (8,944 ) $ 21,274 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 39 Weeks Ended October 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 222 $ (380 ) $ 564 $ (190 ) $ 216 Restructuring and other costs — 1 32 — 33 Settlement charges — 24 49 — 73 Equity in loss (earnings) of subsidiaries (220 ) 30 — 190 — Dividends received from subsidiaries 571 — — (571 ) — Depreciation and amortization — 265 476 — 741 (Increase) decrease in working capital (52 ) 35 (633 ) — (650 ) Other, net 8 2 (34 ) — (24 ) Net cash provided (used) by operating activities 529 (23 ) 454 (571 ) 389 Cash flows from investing activities: Disposition (purchase) of property and equipment and capitalized software, net — 30 (368 ) — (338 ) Other, net — 2 (10 ) — (8 ) Net cash provided (used) by investing activities — 32 (378 ) — (346 ) Cash flows from financing activities: Debt repaid — (553 ) (1 ) — (554 ) Dividends paid (346 ) — (571 ) 571 (346 ) Issuance of common stock, net of common stock acquired 2 — — — 2 Proceeds from noncontrolling interest — — 13 — 13 Intercompany activity, net (1,016 ) 584 432 — — Other, net 9 (32 ) 102 — 79 Net cash used by financing activities (1,351 ) (1 ) (25 ) 571 (806 ) Net increase (decrease) in cash and (822 ) 8 51 — (763 ) Cash and cash equivalents at beginning of period 938 81 278 — 1,297 Cash and cash equivalents at end of period $ 116 $ 89 $ 329 $ — $ 534 Condensed Consolidating Statement of Cash Flows For the 39 Weeks Ended October 29, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 144 $ (595 ) $ 665 $ (75 ) $ 139 Impairments and other costs — 184 65 — 249 Settlement charges — 29 52 — 81 Equity in loss (earnings) of subsidiaries (144 ) 69 — 75 — Dividends received from subsidiaries 535 575 — (1,110 ) — Depreciation and amortization — 298 489 — 787 Increase in working capital (59 ) (572 ) (328 ) — (959 ) Other, net 19 (36 ) 28 — 11 Net cash provided (used) by operating activities 495 (48 ) 971 (1,110 ) 308 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net — (23 ) (520 ) — (543 ) Other, net — 47 5 — 52 Net cash provided (used) by investing activities — 24 (515 ) — (491 ) Cash flows from financing activities: Debt repaid, net of debt issued — (122 ) (1 ) — (123 ) Dividends paid (344 ) — (1,110 ) 1,110 (344 ) Common stock acquired, net of (199 ) — — — (199 ) Proceeds from noncontrolling interest — — 7 — 7 Intercompany activity, net (642 ) 158 484 — — Other, net 9 (4 ) 185 — 190 Net cash provided (used) by (1,176 ) 32 (435 ) 1,110 (469 ) Net increase (decrease) in cash and (681 ) 8 21 — (652 ) Cash and cash equivalents at beginning of period 741 91 277 — 1,109 Cash and cash equivalents at end of period $ 60 $ 99 $ 298 $ — $ 457
Condensed Consolidating Statement of Comprehensive Income [Table Text Block]	Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended October 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,077 $ 5,861 $ (2,657 ) $ 5,281 Cost of sales — (1,391 ) (4,441 ) 2,657 (3,175 ) Gross margin — 686 1,420 — 2,106 Selling, general and administrative expenses — (813 ) (1,182 ) — (1,995 ) Gains on sale of real estate — 24 41 — 65 Restructuring and other costs — (1 ) (32 ) — (33 ) Settlement charges — (8 ) (14 ) — (22 ) Operating income (loss) — (112 ) 233 — 121 Interest (expense) income, net: External 1 (76 ) 1 — (74 ) Intercompany — (34 ) 34 — — Equity in earnings (loss) of subsidiaries 35 (61 ) — 26 — Income (loss) before income taxes 36 (283 ) 268 26 47 Federal, state and local income — 59 (72 ) — (13 ) Net income (loss) 36 (224 ) 196 26 34 Net loss attributable to noncontrolling interest — — 2 — 2 Net income (loss) attributable to $ 36 $ (224 ) $ 198 $ 26 $ 36 Comprehensive income (loss) $ 61 $ (201 ) $ 212 $ (13 ) $ 59 Comprehensive loss attributable to — — 2 — 2 Comprehensive income (loss) attributable to $ 61 $ (201 ) $ 214 $ (13 ) $ 61 Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended October 29, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,376 $ 6,183 $ (2,933 ) $ 5,626 Cost of sales — (1,577 ) (4,742 ) 2,933 (3,386 ) Gross margin — 799 1,441 — 2,240 Selling, general and administrative expenses (1 ) (950 ) (1,161 ) — (2,112 ) Gains on sale of real estate — 41 — — 41 Settlement charges — (24 ) (38 ) — (62 ) Operating income (loss) (1 ) (134 ) 242 — 107 Interest (expense) income, net: External 1 (82 ) — — (81 ) Intercompany — (51 ) 51 — — Equity in earnings (loss) of subsidiaries 17 (101 ) — 84 — Income (loss) before income taxes 17 (368 ) 293 84 26 Federal, state and local income — 68 (79 ) — (11 ) Net income (loss) 17 (300 ) 214 84 15 Net loss attributable to noncontrolling interest — — 2 — 2 Net income (loss) attributable to $ 17 $ (300 ) $ 216 $ 84 $ 17 Comprehensive income (loss) $ 62 $ (255 ) $ 241 $ 12 $ 60 Comprehensive loss attributable to — — 2 — 2 Comprehensive income (loss) attributable to $ 62 $ (255 ) $ 243 $ 12 $ 62 Condensed Consolidating Statement of Comprehensive Income For the 39 weeks ended October 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 6,319 $ 15,727 $ (5,875 ) $ 16,171 Cost of sales — (4,126 ) (11,543 ) 5,875 (9,794 ) Gross margin — 2,193 4,184 — 6,377 Selling, general and administrative expenses (1 ) (2,430 ) (3,422 ) — (5,853 ) Gains on sale of real estate — 116 60 — 176 Restructuring and other costs — (1 ) (32 ) — (33 ) Settlement charges — (24 ) (49 ) — (73 ) Operating income (loss) (1 ) (146 ) 741 — 594 Interest (expense) income, net: External 4 (243 ) 2 — (237 ) Intercompany — (102 ) 102 — — Net premiums on early retirement of debt — (1 ) — — (1 ) Equity in earnings (loss) of subsidiaries 220 (30 ) — (190 ) — Income (loss) before income taxes 223 (522 ) 845 (190 ) 356 Federal, state and local income (1 ) 142 (281 ) — (140 ) Net income (loss) 222 (380 ) 564 (190 ) 216 Net loss attributable to noncontrolling interest — — 6 — 6 Net income (loss) attributable to $ 222 $ (380 ) $ 570 $ (190 ) $ 222 Comprehensive income (loss) $ 318 $ (290 ) $ 627 $ (343 ) $ 312 Comprehensive loss attributable to — — 6 — 6 Comprehensive income (loss) attributable to $ 318 $ (290 ) $ 633 $ (343 ) $ 318 Condensed Consolidating Statement of Comprehensive Income For the 39 weeks ended October 29, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 7,324 $ 16,546 $ (6,607 ) $ 17,263 Cost of sales — (4,704 ) (12,273 ) 6,607 (10,370 ) Gross margin — 2,620 4,273 — 6,893 Selling, general and administrative expenses (2 ) (2,803 ) (3,334 ) — (6,139 ) Gains on sale of real estate — 71 5 — 76 Impairments and other costs — (184 ) (65 ) — (249 ) Settlement charges — (29 ) (52 ) — (81 ) Operating income (loss) (2 ) (325 ) 827 — 500 Interest (expense) income, net: External 2 (278 ) — — (276 ) Intercompany — (166 ) 166 — — Equity in earnings (loss) of subsidiaries 144 (69 ) — (75 ) — Income (loss) before income taxes 144 (838 ) 993 (75 ) 224 Federal, state and local income — 243 (328 ) — (85 ) Net income (loss) 144 (595 ) 665 (75 ) 139 Net loss attributable to noncontrolling interest — — 5 — 5 Net income (loss) attributable to $ 144 $ (595 ) $ 670 $ (75 ) $ 144 Comprehensive income (loss) $ 164 $ (575 ) $ 677 $ (107 ) $ 159 Comprehensive loss attributable to — — 5 — 5 Comprehensive income (loss) attributable to $ 164 $ (575 ) $ 682 $ (107 ) $ 164

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Narrative) (Details) $ in Millions	9 Months Ended
	Oct. 28, 2017USD ($)stores
Net tax deficiencies from share based payment accounting | $	$ 12
Number of states in which entity operates	45
Minimum [Member]
Number of Stores | stores	860

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Narrative) (Details) - shares shares in Millions	9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016
Stock Options [Member]
Stock options and restricted stock units outstanding, not included in computation of diluted earnings per share	18.9	15.7
Restricted Stock Units [Member]
Stock options and restricted stock units outstanding, not included in computation of diluted earnings per share	1.2	0.7

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. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income (loss) attributable to Macy's, Inc. shareholders	$ 36	$ 17	$ 222	$ 144
Net income available to common stockholders, basic	36	17	222	144
Net income available to common stockholders, diluted	$ 36	$ 17	$ 222	$ 144
Basic earnings per share attributable to Macy's, Inc. shareholders	$ 0.12	$ 0.05	$ 0.73	$ 0.46
Diluted earnings per share attributable to Macy's, Inc. shareholders	$ 0.12	$ 0.05	$ 0.73	$ 0.46
Average number of shares issued, basic	304.6	307.5	304.5	308.6
Shares to be issued under deferred compensation and other plans	0.9	0.9	0.8	0.9
Average number of shares outstanding, basic	305.5	308.4	305.3	309.5
Effect of dilutive securities-stock options, restricted stock and restricted stock units	1	2.2	1.3	2.3
Average number of shares outstanding, diluted	306.5	310.6	306.6	311.8

Financing Activities (Details)

Financing Activities (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Feb. 03, 2018	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Extinguishment of debt				$ 247
Extinguishment of debt cost		$ 257		257
Net premiums on early retirement of debt		$ 0	$ 0	1	$ 0
7.45% senior debentures due 2017
Extinguishment of debt				$ 300	$ 0
Debt Instrument, Interest Rate, Stated Percentage		7.45%		7.45%
Subsequent Event [Member]
Extinguishment of debt	$ 400
Minimum [Member] | Subsequent Event [Member]
Debt Instrument, Interest Rate, Stated Percentage	6.38%
Maximum [Member] | Subsequent Event [Member]
Debt Instrument, Interest Rate, Stated Percentage	10.25%

Financing Activities (Detail Of

Financing Activities (Detail Of Debt Repayments) (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016
Extinguishment of debt	$ 247
Debt repaid	554	$ 174
seven point four five senior debentures due 2017 [Member]
Extinguishment of debt	300	0
7.45% Senior notes due 2016 [Member]
Extinguishment of debt	0	59
7.875% senior debentures [Member]
Extinguishment of debt	0	108
9.5% Amortizing Debentures due 2021
Extinguishment of debt	4	4
9.75% Amortizing Debentures Due 2021
Extinguishment of debt	2	2
Capital Lease and Other Long-Term Obligations [Member]
Extinguishment of debt	1	1
6.375% Senior Notes Due 2037
Extinguishment of debt	135	0
6.9% senior debentures due 2032
Extinguishment of debt	72	0
6.7% Senior Debentures Due 2034
Extinguishment of debt	28	0
6.65% senior debentures due 2024
Extinguishment of debt	4	0
6.9% senior debentures due 2029
Extinguishment of debt	3	0
6.7% senior debentures due 2028
Extinguishment of debt	3	0
7.0% senior debentures due 2028
Extinguishment of debt	$ 2	$ 0

Benefit Plans (Net Periodic Ben

Benefit Plans (Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Total Retirement Expense	$ 6	$ 9	$ 26	$ 34
Settlement charges	22	62	73	81
Nonqualified Plan [Member]
Defined contribution plans expense	0	0	0	1
Qualified Plan [Member]
Defined contribution plans expense	20	22	65	71
Pension Plan [Member]
Service cost	1	1	4	3
Interest cost	25	27	79	83
Expected return on assets	(55)	(56)	(168)	(170)
Recognition of net actuarial (gain) loss	8	7	24	22
Amortization of prior service credit	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	(21)	(21)	(61)	(62)
Supplemental Employee Retirement Plan [Member]
Service cost	0	0	0	0
Interest cost	5	5	16	17
Recognition of net actuarial (gain) loss	2	3	6	7
Amortization of prior service credit	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	7	8	22	24
Other Postretirement Benefits Plan [Member]
Service cost	0	0	0	0
Interest cost	1	1	4	4
Recognition of net actuarial (gain) loss	(2)	(1)	(4)	(3)
Amortization of prior service credit	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ (1)	$ 0	$ 0	$ 1

Fair Value Measurements (Financ

Fair Value Measurements (Financial Assets Measured At Fair Value On A Recurring and Nonrecurring Basis) (Details) - USD ($) $ in Millions	Oct. 28, 2017	Oct. 29, 2016
Marketable equity and debt securities	$ 100	$ 127
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Marketable equity and debt securities	23	19
Significant Observable Inputs (Level 2) [Member]
Marketable equity and debt securities	77	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	Oct. 28, 2017	Oct. 29, 2016
Long-term debt	$ 5,908	$ 6,749
Carrying Amount
Long-term debt	6,297	6,536
Notional Amount
Long-term debt	$ 6,206	$ 6,459

Condensed Consolidating Finan27

Condensed Consolidating Financial Information (Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Millions	Oct. 28, 2017	Jan. 28, 2017	Oct. 29, 2016	Jan. 30, 2016
Current Assets:
Cash and cash equivalents	$ 534	$ 1,297	$ 457	$ 1,109
Receivables	219	522	262
Merchandise inventories	7,065	5,399	7,587
Income tax receivable	0	0	60
Prepaid expenses and other current assets	432	408	454
Total Current Assets	8,250	7,626	8,820
Property and Equipment - net	6,742	7,017	7,149
Goodwill	3,897	3,897	3,897
Other Intangible Assets - net	491	498	499
Other Assets	835	813	909
Deferred Income Taxes	0	0	0
Intercompany Receivable	0	0	0
Investment in Subsidiaries	0	0	0
Total Assets	20,215	19,851	21,274
Current Liabilities:
Short-term debt	22	309	938
Merchandise accounts payable	3,173	1,423	3,375
Accounts payable and accrued liabilities	3,162	3,563	2,930
Income taxes	34	352	0
Total Current Liabilities	6,391	5,647	7,243
Long-Term Debt	6,297	6,562	6,563
Intercompany Payable	0	0	0
Deferred Income Taxes	1,553	1,443	1,548
Other Liabilities	1,750	1,877	2,129
Shareholders' Equity, Macy's, Inc.	4,231	4,323	3,789
Shareholders' Equity, noncontrolling interest	(7)	(1)	2
Total Shareholders’ Equity	4,224	4,322	3,791
Total Liabilities and Shareholders' Equity	20,215	19,851	21,274
Parent
Current Assets:
Cash and cash equivalents	116	938	60	741
Receivables	0	0	0
Merchandise inventories	0	0	0
Income tax receivable	0		99
Prepaid expenses and other current assets	0	0	0
Total Current Assets	116	938	159
Property and Equipment - net	0	0	0
Goodwill	0	0	0
Other Intangible Assets - net	0	0	0
Other Assets	1	0	1
Deferred Income Taxes	26	26	24
Intercompany Receivable	1,436	375	878
Investment in Subsidiaries	2,882	3,137	2,954
Total Assets	4,461	4,476	4,016
Current Liabilities:
Short-term debt	0	0	0
Merchandise accounts payable	0	0	0
Accounts payable and accrued liabilities	139	16	164
Income taxes	20	71	0
Total Current Liabilities	159	87	164
Long-Term Debt	0	0	0
Intercompany Payable	0	0	0
Deferred Income Taxes	0	0	0
Other Liabilities	71	66	63
Shareholders' Equity, Macy's, Inc.	4,231	4,323	3,789
Shareholders' Equity, noncontrolling interest	0	0	0
Total Shareholders’ Equity	4,231	4,323	3,789
Total Liabilities and Shareholders' Equity	4,461	4,476	4,016
Subsidiary Issuer
Current Assets:
Cash and cash equivalents	89	81	99	91
Receivables	67	169	74
Merchandise inventories	3,218	2,565	3,621
Income tax receivable	2		0
Prepaid expenses and other current assets	86	84	89
Total Current Assets	3,462	2,899	3,883
Property and Equipment - net	3,184	3,397	3,534
Goodwill	3,315	3,315	3,315
Other Intangible Assets - net	46	51	47
Other Assets	62	47	153
Deferred Income Taxes	0	0	0
Intercompany Receivable	0	0	0
Investment in Subsidiaries	3,644	3,540	3,173
Total Assets	13,713	13,249	14,105
Current Liabilities:
Short-term debt	6	306	935
Merchandise accounts payable	1,339	590	1,481
Accounts payable and accrued liabilities	975	1,064	910
Income taxes	0	16	3
Total Current Liabilities	2,320	1,976	3,329
Long-Term Debt	6,280	6,544	6,545
Intercompany Payable	3,407	2,803	2,754
Deferred Income Taxes	707	688	694
Other Liabilities	476	500	565
Shareholders' Equity, Macy's, Inc.	523	738	218
Shareholders' Equity, noncontrolling interest	0	0	0
Total Shareholders’ Equity	523	738	218
Total Liabilities and Shareholders' Equity	13,713	13,249	14,105
Other Subsidiaries
Current Assets:
Cash and cash equivalents	329	278	298	277
Receivables	152	353	188
Merchandise inventories	3,847	2,834	3,966
Income tax receivable	0		0
Prepaid expenses and other current assets	346	324	365
Total Current Assets	4,674	3,789	4,817
Property and Equipment - net	3,558	3,620	3,615
Goodwill	582	582	582
Other Intangible Assets - net	445	447	452
Other Assets	772	766	755
Deferred Income Taxes	0	0	0
Intercompany Receivable	1,971	2,428	1,876
Investment in Subsidiaries	0	0	0
Total Assets	12,002	11,632	12,097
Current Liabilities:
Short-term debt	16	3	3
Merchandise accounts payable	1,834	833	1,894
Accounts payable and accrued liabilities	2,048	2,483	1,856
Income taxes	16	265	36
Total Current Liabilities	3,914	3,584	3,789
Long-Term Debt	17	18	18
Intercompany Payable	0	0	0
Deferred Income Taxes	872	781	878
Other Liabilities	1,203	1,311	1,501
Shareholders' Equity, Macy's, Inc.	6,003	5,939	5,909
Shareholders' Equity, noncontrolling interest	(7)	(1)	2
Total Shareholders’ Equity	5,996	5,938	5,911
Total Liabilities and Shareholders' Equity	12,002	11,632	12,097
Consolidation, Eliminations [Member]
Current Assets:
Cash and cash equivalents	0	0	0	$ 0
Receivables	0	0	0
Merchandise inventories	0	0	0
Income tax receivable	(2)		(39)
Prepaid expenses and other current assets	0	0	0
Total Current Assets	(2)	0	(39)
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	(26)	(26)	(24)
Intercompany Receivable	(3,407)	(2,803)	(2,754)
Investment in Subsidiaries	(6,526)	(6,677)	(6,127)
Total Assets	(9,961)	(9,506)	(8,944)
Current Liabilities:
Short-term debt	0	0	0
Merchandise accounts payable	0	0	0
Accounts payable and accrued liabilities	0	0	0
Income taxes	(2)	0	(39)
Total Current Liabilities	(2)	0	(39)
Long-Term Debt	0	0	0
Intercompany Payable	(3,407)	(2,803)	(2,754)
Deferred Income Taxes	(26)	(26)	(24)
Other Liabilities	0	0	0
Shareholders' Equity, Macy's, Inc.	(6,526)	(6,677)	(6,127)
Shareholders' Equity, noncontrolling interest	0	0	0
Total Shareholders’ Equity	(6,526)	(6,677)	(6,127)
Total Liabilities and Shareholders' Equity	$ (9,961)	$ (9,506)	$ (8,944)

Condensed Consolidating Finan28

Condensed Consolidating Financial Information (Condensed Consolidating Statement of Operations) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Net sales	$ 5,281	$ 5,626	$ 16,171	$ 17,263
Cost of sales	(3,175)	(3,386)	(9,794)	(10,370)
Gross margin	2,106	2,240	6,377	6,893
Selling, general and administrative expenses	(1,995)	(2,112)	(5,853)	(6,139)
Gains on sale of real estate	65	41	176	76
Impairments, restructuring and other costs	(33)	0	(33)	(249)
Settlement charges	(22)	(62)	(73)	(81)
Operating Income (Loss)	121	107	594	500
Interest (expense) income, net
External	(74)	(81)	(237)	(276)
Intercompany	0	0	0	0
Net premiums on early retirement of debt	0	0	(1)	0
Income (Loss) from Equity Method Investments	0	0	0	0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	47	26	356	224
Federal, state and local income tax expense	(13)	(11)	(140)	(85)
Net income (loss)	34	15	216	139
Net loss attributable to noncontrolling interest	2	2	6	5
Net income (loss) attributable to Macy's, Inc. shareholders	36	17	222	144
Comprehensive income (loss)	59	60	312	159
Comprehensive loss attributable to noncontrolling interest	2	2	6	5
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	61	62	318	164
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	(1)	(1)	(2)
Gains on sale of real estate	0	0	0	0
Impairments, restructuring and other costs	0		0	0
Settlement charges	0	0	0	0
Operating Income (Loss)	0	(1)	(1)	(2)
Interest (expense) income, net
External	1	1	4	2
Intercompany	0	0	0	0
Net premiums on early retirement of debt			0
Income (Loss) from Equity Method Investments	35	17	220	144
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	36	17	223	144
Federal, state and local income tax expense	0	0	(1)	0
Net income (loss)	36	17	222	144
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	36	17	222	144
Comprehensive income (loss)	61	62	318	164
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	61	62	318	164
Subsidiary Issuer
Net sales	2,077	2,376	6,319	7,324
Cost of sales	(1,391)	(1,577)	(4,126)	(4,704)
Gross margin	686	799	2,193	2,620
Selling, general and administrative expenses	(813)	(950)	(2,430)	(2,803)
Gains on sale of real estate	24	41	116	71
Impairments, restructuring and other costs	(1)		(1)	(184)
Settlement charges	(8)	(24)	(24)	(29)
Operating Income (Loss)	(112)	(134)	(146)	(325)
Interest (expense) income, net
External	(76)	(82)	(243)	(278)
Intercompany	(34)	(51)	(102)	(166)
Net premiums on early retirement of debt			(1)
Income (Loss) from Equity Method Investments	(61)	(101)	(30)	(69)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(283)	(368)	(522)	(838)
Federal, state and local income tax expense	59	68	142	243
Net income (loss)	(224)	(300)	(380)	(595)
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	(224)	(300)	(380)	(595)
Comprehensive income (loss)	(201)	(255)	(290)	(575)
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	(201)	(255)	(290)	(575)
Other Subsidiaries
Net sales	5,861	6,183	15,727	16,546
Cost of sales	(4,441)	(4,742)	(11,543)	(12,273)
Gross margin	1,420	1,441	4,184	4,273
Selling, general and administrative expenses	(1,182)	(1,161)	(3,422)	(3,334)
Gains on sale of real estate	41	0	60	5
Impairments, restructuring and other costs	(32)		(32)	(65)
Settlement charges	(14)	(38)	(49)	(52)
Operating Income (Loss)	233	242	741	827
Interest (expense) income, net
External	1	0	2	0
Intercompany	34	51	102	166
Net premiums on early retirement of debt			0
Income (Loss) from Equity Method Investments	0	0	0	0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	268	293	845	993
Federal, state and local income tax expense	(72)	(79)	(281)	(328)
Net income (loss)	196	214	564	665
Net loss attributable to noncontrolling interest	2	2	6	5
Net income (loss) attributable to Macy's, Inc. shareholders	198	216	570	670
Comprehensive income (loss)	212	241	627	677
Comprehensive loss attributable to noncontrolling interest	2	2	6	5
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	214	243	633	682
Consolidation, Eliminations [Member]
Net sales	(2,657)	(2,933)	(5,875)	(6,607)
Cost of sales	2,657	2,933	5,875	6,607
Gross margin	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Gains on sale of real estate	0	0	0	0
Impairments, restructuring and other costs	0		0	0
Settlement charges	0	0	0	0
Operating Income (Loss)	0	0	0	0
Interest (expense) income, net
External	0	0	0	0
Intercompany	0	0	0	0
Net premiums on early retirement of debt			0
Income (Loss) from Equity Method Investments	26	84	(190)	(75)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	26	84	(190)	(75)
Federal, state and local income tax expense	0	0	0	0
Net income (loss)	26	84	(190)	(75)
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	26	84	(190)	(75)
Comprehensive income (loss)	(13)	12	(343)	(107)
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	$ (13)	$ 12	$ (343)	$ (107)

Condensed Consolidating Finan29

Condensed Consolidating Financial Information (Condensed Consolidating Statement of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 28, 2017	Oct. 29, 2016	Oct. 28, 2017	Oct. 29, 2016
Cash flows from operating activities:
Net income (loss)	$ 34	$ 15	$ 216	$ 139
Impairments, restructuring and other costs			33	249
Settlement charges			73	81
Equity in earnings of subsidiaries	0	0	0	0
Dividends received from subsidiaries			0	0
Depreciation and amortization			741	787
(Increase) decrease in working capital			(650)	(959)
Other, net			(24)	11
Net cash provided (used) by operating activities			389	308
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net			(338)	(543)
Other, net			(8)	52
Net cash used by investing activities			(346)	(491)
Cash flows from financing activities:
Debt repaid			(554)	(123)
Dividends paid			(346)	(344)
(Common stock acquired) net of issuance of common stock			2	(199)
Proceeds from noncontrolling interest			13	7
Intercompany activity, net			0	0
Other, net			79	190
Net cash provided (used) by financing activities			(806)	(469)
Net increase (decrease) in cash and cash equivalents			(763)	(652)
Cash and cash equivalents beginning of period			1,297	1,109
Cash and cash equivalents end of period	534	457	534	457
Parent
Cash flows from operating activities:
Net income (loss)	36	17	222	144
Impairments, restructuring and other costs			0	0
Settlement charges			0	0
Equity in earnings of subsidiaries	(35)	(17)	(220)	(144)
Dividends received from subsidiaries			571	535
Depreciation and amortization			0	0
(Increase) decrease in working capital			(52)	(59)
Other, net			8	19
Net cash provided (used) by operating activities			529	495
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			0	0
Dividends paid			(346)	(344)
(Common stock acquired) net of issuance of common stock			2	(199)
Proceeds from noncontrolling interest			0	0
Intercompany activity, net			(1,016)	(642)
Other, net			9	9
Net cash provided (used) by financing activities			(1,351)	(1,176)
Net increase (decrease) in cash and cash equivalents			(822)	(681)
Cash and cash equivalents beginning of period			938	741
Cash and cash equivalents end of period	116	60	116	60
Subsidiary Issuer
Cash flows from operating activities:
Net income (loss)	(224)	(300)	(380)	(595)
Impairments, restructuring and other costs			1	184
Settlement charges			24	29
Equity in earnings of subsidiaries	61	101	30	69
Dividends received from subsidiaries			0	575
Depreciation and amortization			265	298
(Increase) decrease in working capital			35	(572)
Other, net			2	(36)
Net cash provided (used) by operating activities			(23)	(48)
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net			30	(23)
Other, net			2	47
Net cash used by investing activities			32	24
Cash flows from financing activities:
Debt repaid			(553)	(122)
Dividends paid			0	0
(Common stock acquired) net of issuance of common stock			0	0
Proceeds from noncontrolling interest			0	0
Intercompany activity, net			584	158
Other, net			(32)	(4)
Net cash provided (used) by financing activities			(1)	32
Net increase (decrease) in cash and cash equivalents			8	8
Cash and cash equivalents beginning of period			81	91
Cash and cash equivalents end of period	89	99	89	99
Other Subsidiaries
Cash flows from operating activities:
Net income (loss)	196	214	564	665
Impairments, restructuring and other costs			32	65
Settlement charges			49	52
Equity in earnings of subsidiaries	0	0	0	0
Dividends received from subsidiaries			0	0
Depreciation and amortization			476	489
(Increase) decrease in working capital			(633)	(328)
Other, net			(34)	28
Net cash provided (used) by operating activities			454	971
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net			(368)	(520)
Other, net			(10)	5
Net cash used by investing activities			(378)	(515)
Cash flows from financing activities:
Debt repaid			(1)	(1)
Dividends paid			(571)	(1,110)
(Common stock acquired) net of issuance of common stock			0	0
Proceeds from noncontrolling interest			13	7
Intercompany activity, net			432	484
Other, net			102	185
Net cash provided (used) by financing activities			(25)	(435)
Net increase (decrease) in cash and cash equivalents			51	21
Cash and cash equivalents beginning of period			278	277
Cash and cash equivalents end of period	329	298	329	298
Consolidating Adjustments
Cash flows from operating activities:
Net income (loss)	26	84	(190)	(75)
Impairments, restructuring and other costs			0	0
Settlement charges			0	0
Equity in earnings of subsidiaries	(26)	(84)	190	75
Dividends received from subsidiaries			(571)	(1,110)
Depreciation and amortization			0	0
(Increase) decrease in working capital			0	0
Other, net			0	0
Net cash provided (used) by operating activities			(571)	(1,110)
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			0	0
Dividends paid			571	1,110
(Common stock acquired) net of issuance of common stock			0	0
Proceeds from noncontrolling interest			0	0
Intercompany activity, net			0	0
Other, net			0	0
Net cash provided (used) by financing activities			571	1,110
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