Macy's (M) 10-Q 30 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Aug. 03, 2019shares
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Aug. 3, 2019
Entity File Number	1-13536
Entity Registrant Name	Macy's, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3324058
Entity Address, Address Line One	7 West Seventh Street
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45202
City Area Code	513
Local Phone Number	579-7000
Title of 12(b) Security	Common Stock, $.01 par value per share
Trading Symbol	M
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000794367
Current Fiscal Year End Date	--02-01
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding	308,914,893
Other Address [Member]
Entity Address, Address Line One	151 West 34th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	494-1602

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Income Statement [Abstract]
Net sales	$ 5,546	$ 5,572	$ 11,050	$ 11,112
Credit card revenues, net	176	186	348	343
Cost of sales	(3,395)	(3,320)	(6,798)	(6,701)
Selling, general and administrative expenses	(2,177)	(2,164)	(4,287)	(4,247)
Gains on sale of real estate	7	46	49	70
Impairment and other costs	(2)	(17)	(3)	(36)
Operating income	155	303	359	541
Benefit plan income, net	8	11	15	22
Settlement charges	0	(50)	0	(50)
Interest expense	(52)	(69)	(106)	(140)
Loss on early retirement of debt	0	(5)	0	(5)
Interest income	5	7	12	12
Income before income taxes	116	197	280	380
Federal, state and local income tax expense	(30)	(33)	(57)	(84)
Net income	86	164	223	296
Net loss attributable to noncontrolling interest	0	2	0	10
Net income attributable to Macy's, Inc. shareholders	$ 86	$ 166	$ 223	$ 306
Basic earnings per share attributable to Macy's, Inc. shareholders	$ 0.28	$ 0.54	$ 0.72	$ 0.99
Diluted earnings per share attributable to Macy's, Inc. shareholders	$ 0.28	$ 0.53	$ 0.71	$ 0.98

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Net income	$ 86	$ 164	$ 223	$ 296
Actuarial gain (loss) on postretirement benefit plans, before tax	0	(29)	0	(29)
Amortization of net actuarial loss and prior service credit on post employment and postretirement benefit plans, before tax	7	9	15	18
Settlement charges, before tax	0	50	0	50
Tax effect related to items of other comprehensive income (loss)	(2)	(10)	(4)	(12)
Total other comprehensive income, net of tax effect	5	20	11	27
Comprehensive income	91	184	234	323
Comprehensive loss attributable to noncontrolling interest	0	2	0	10
Comprehensive income attributable to Macy's, Inc. shareholders	$ 91	$ 186	$ 234	$ 333

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018
Current Assets:
Cash and cash equivalents	$ 674		$ 1,162	$ 1,068
Receivables	240		400	261
Merchandise inventories	5,029		5,263	4,956
Prepaid expenses and other current assets	603		620	580
Total Current Assets	6,546		7,445	6,865
Property and Equipment - net	6,483		6,637	6,547
Right of Use Assets	2,636		0	0
Goodwill	3,908		3,908	3,908
Other Intangible Assets - net	440		478	483
Other Assets	728		726	865
Total Assets	20,741		19,194	18,668
Current Liabilities:
Short-term debt	6		43	63
Merchandise accounts payable	1,674		1,655	1,795
Accounts payable and accrued liabilities	2,739		3,366	2,608
Income taxes	20		168	15
Total Current Liabilities	4,439		5,232	4,481
Long-Term Debt	4,680		4,708	5,473
Long-Term Lease Liabilities	2,836		0	0
Deferred Income Taxes	1,206		1,238	1,194
Other Liabilities	1,265		1,580	1,626
Shareholders' Equity, Macy's, Inc.	6,315		6,436	5,916
Shareholders' Equity, noncontrolling interest	0		0	(22)
Total Shareholders’ Equity	6,315	$ 6,323	6,436	5,894	$ 5,801	$ 5,733
Total Liabilities and Shareholders' Equity	$ 20,741		$ 19,194	$ 18,668

Consolidated Balance Sheets (pa

Consolidated Balance Sheets (parenthetical) - USD ($) $ in Millions	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Accumulated depreciation	$ 4,748	$ 4,495	$ 4,914

Consolidated Statement of Chang

Consolidated Statement of Changes in Shareholders' Equity Statement - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Equity [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Parent [Member]	Noncontrolling Interest [Member]
Beginning balance at Feb. 03, 2018	$ 5,733	$ 3	$ 676	$ 7,246	$ (1,456)	$ (724)	$ 5,745	$ (12)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	131			139			139	(8)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	7					7	7
Common stock dividends	(116)			(116)			(116)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	17		17				17
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	29		(51)		80		29
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0			164		(164)	0
Ending balance at May. 05, 2018	5,801	3	642	7,433	(1,376)	(881)	5,821	(20)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	164			166			166	(2)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	20					20	20
Common stock dividends	(116)			(116)			(116)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	15		15				15
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	10		(21)		31		10
Ending balance at Aug. 04, 2018	5,894	3	636	7,483	(1,345)	(861)	$ 5,916	$ (22)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative Effect of New Accounting Principle in Period of Adoption	(158)			(158)
Beginning balance at Feb. 02, 2019	6,436	3	652	8,050	(1,318)	(951)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	136			136
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	6					6
Common stock dividends	(117)			(117)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	14		14
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	6		(60)		66
Ending balance at May. 04, 2019	6,323	3	606	7,911	(1,252)	(945)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	86			86
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	5					5
Common stock dividends	(117)			(117)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	14		14
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	1		(3)		4
Stockholders' Equity, Other	3			3
Ending balance at Aug. 03, 2019	$ 6,315	$ 3	$ 617	$ 7,883	$ (1,248)	$ (940)

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Shareholders' Equity Parenthetical - $ / shares	3 Months Ended
	Aug. 03, 2019	May 04, 2019	Aug. 04, 2018	May 05, 2018
Statement of Stockholders' Equity - Parenthetical [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.3775	$ 0.3775	$ 0.3775	$ 0.3775

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
Statement of Cash Flows [Abstract]
Net income	$ 223	$ 296
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment and other costs	3	36
Settlement charges	0	50
Depreciation and amortization	472	470
Stock-based compensation expense	28	31
Gains on sale of real estate	(49)	(70)
Deferred Income Taxes	17	36
Benefit plans	15	18
Amortization of financing costs and premium on acquired debt	1	(5)
Changes in assets and liabilities:
Decrease in receivables	160	88
Decrease in merchandise inventories	234	221
Decrease in prepaid expenses and other current assets	19	29
Increase in merchandise accounts payable	55	219
Decrease in accounts payable and accrued liabilities	(619)	(510)
Decrease in current income taxes	(149)	(271)
Change in other assets and liabilities	(60)	(94)
Net cash provided by operating activities	350	544
Cash flows from investing activities:
Purchase of property and equipment	(378)	(275)
Capitalized software	(123)	(133)
Disposition of property and equipment	59	88
Other, net	(12)	8
Net cash used by investing activities	(454)	(312)
Cash flows from financing activities:
Debt Issuance Costs	(3)	0
Debt repaid	(39)	(357)
Dividends paid	(233)	(232)
Decrease in outstanding checks	(128)	(90)
Issuance of common stock	6	38
Proceeds from noncontrolling interest	0	5
Net cash used by financing activities	(397)	(636)
Net decrease in cash, cash equivalents and restricted cash	(501)	(404)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	1,248	1,513
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	747	1,109
Supplemental cash flow information:
Interest paid	107	156
Interest received	12	11
Income taxes paid (net of refunds received)	$ 189	$ 319

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows Consolidated Statements of Cash Flows - Restricted Cash Parenthetical - USD ($) $ in Millions	Aug. 03, 2019	Aug. 04, 2018
Statement of Cash Flows - Restricted Cash [Abstract]
Restricted Cash and Cash Equivalents	$ 73	$ 41

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Aug. 03, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies	Organization and 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 kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Guam and Puerto Rico. As of August 3, 2019 , the Company's operations were conducted through Macy's, Bloomingdale's, Bloomingdale's The Outlet, Macy's Backstage and bluemercury. 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 February 2, 2019 (the "2018 10-K"). The accompanying Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto in the 2018 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 26 weeks ended August 3, 2019 and August 4, 2018 , 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 26 weeks ended August 3, 2019 and August 4, 2018 (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 26 weeks ended August 3, 2019 and August 4, 2018 relate to post employment and postretirement plan items. Settlement charges incurred are included as a separate component of income before income taxes 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 benefit plan income, net on the Consolidated Statements of Income. See Note 6, "Benefit Plans," for further information. Newly Adopted Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), as amended, which requires lessees to recognize substantially all leases on-balance sheet and disclose key information about leasing arrangements. The new standard establishes a right of use ("ROU") model that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The new standard was adopted by the Company on February 3, 2019 utilizing a modified retrospective approach that allowed for transition in the period of adoption. The Company adopted the package of practical expedients available at transition that retained the lease classification and initial direct costs for any leases that existed prior to adoption of the standard. Contracts entered into prior to adoption were not reassessed for leases or embedded leases. Upon adoption, the Company used hindsight in determining lease term and impairment. For lease and non-lease components, the Company has elected to account for both as a single lease component. Adoption of the new standard resulted in the recording of additional net lease assets and lease liabilities of $2,519 million and $2,728 million , respectively, as of February 3, 2019. The difference of $209 million between the additional net lease assets and lease liabilities, net of the deferred tax impact of $54 million , was recorded as an adjustment to retained earnings. Prepaid rent, intangible lease assets, finance lease assets, and accrued and deferred rent as of February 3, 2019 were recorded as part of the ROU asset. Finance lease obligations as of February 3, 2019 were recorded as part of the lease liabilities. The standard did not materially impact the Company's consolidated net income and had no impact on cash flows.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Aug. 03, 2019
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 August 3, 2019 August 4, 2018 Net Shares Net Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 86 308.9 $ 166 306.8 Shares to be issued under deferred 0.9 0.9 $ 86 309.8 $ 166 307.7 Basic earnings per share attributable to $ 0.28 $ 0.54 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 1.8 4.3 $ 86 311.6 $ 166 312.0 Diluted earnings per share attributable to $ 0.28 $ 0.53 26 Weeks Ended August 3, 2019 August 4, 2018 Net Shares Net Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 223 308.6 $ 306 306.2 Shares to be issued under deferred 0.9 0.9 $ 223 309.5 $ 306 307.1 Basic earnings per share attributable to $ 0.72 $ 0.99 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 2.0 3.6 $ 223 311.5 $ 306 310.7 Diluted earnings per share attributable to $ 0.71 $ 0.98 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 1.3 million shares of common stock were outstanding at August 3, 2019 , 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. In addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 12.8 million shares of common stock and restricted stock units relating to 1.4 million shares of common stock were outstanding at August 4, 2018 , 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.

Revenue

Revenue	6 Months Ended
	Aug. 03, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Net sales Revenue is recognized when customers obtain control of goods and services promised by the Company. The amount of revenue recognized is based on the amount that reflects the consideration that is expected to be received in exchange for those respective goods and services. The Company's revenue generating activities include the following: Retail Sales Retail sales include merchandise sales, inclusive of delivery income, licensed department income, sales of private brand goods directly to third party retailers and sales of excess inventory to third parties. Sales of merchandise are recorded at the time of shipment to the customer and are reported net of estimated merchandise returns and certain customer incentives. Commissions earned on sales generated by licensed departments are included as a component of total net sales and are recognized as revenue at the time merchandise is sold to customers. Service revenues (e.g., alteration and cosmetic services) are recorded at the time the customer receives the benefit of the service. The Company has elected to present sales taxes on a net basis and, as such, sales taxes are included in accounts payable and accrued liabilities until remitted to the taxing authorities. For the 13 and 26 weeks ended August 3, 2019 , Macy's accounted for 88% of the Company's net sales. For the 13 and 26 weeks ended August 4, 2018 , Macy's accounted for 89% and 88% , respectively, of the Company's net sales. Disaggregation of the Company's net sales by family of business for the 13 and 26 weeks ended August 3, 2019 and August 4, 2018 were as follows: 13 Weeks Ended 26 Weeks Ended Net sales by family of business August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 (millions) Women's Accessories, Intimate Apparel, Shoes, Cosmetics and Fragrances $ 2,039 $ 2,022 $ 4,191 $ 4,181 Women's Apparel 1,269 1,322 2,582 2,672 Men's and Kids' 1,266 1,273 2,468 2,447 Home/Other (a) 972 955 1,809 1,812 Total $ 5,546 $ 5,572 $ 11,050 $ 11,112 (a) Other primarily includes restaurant sales, allowance for merchandise returns adjustments and breakage income from unredeemed gift cards. Merchandise Returns The Company estimates merchandise returns using historical data and recognizes an allowance that reduces net sales and cost of sales. The liability for merchandise returns is included in accounts payable and accrued liabilities on the Company's Consolidated Balance Sheets and was $227 million , $269 million and $243 million as of August 3, 2019 , February 2, 2019 and August 4, 2018 , respectively. Included in prepaid expenses and other current assets is an asset totaling $154 million , $188 million and $165 million as of August 3, 2019 , February 2, 2019 and August 4, 2018 , respectively, for the recoverable cost of merchandise estimated to be returned by customers. Gift Cards and Customer Loyalty Programs The Company only offers no-fee, non-expiring gift cards to its customers. At the time gift cards are sold or issued, no revenue is recognized; rather, the Company records an accrued liability to customers. The liability is relieved and revenue is recognized equal to the amount redeemed at the time gift cards are redeemed for merchandise. The Company records revenue from unredeemed gift cards (breakage) in net sales on a pro-rata basis over the time period gift cards are actually redeemed. At least three years of historical data, updated annually, is used to determine actual redemption patterns. The Company maintains customer loyalty programs in which customers earn points based on their purchases. Under the Macy’s brand, points are earned based on customers’ spending on Macy’s private label and co-branded credit cards as well as non-proprietary cards during certain tender-neutral promotional events. Under the Bloomingdale’s brand, the Company offers a tender neutral points-based program. The Company recognizes the estimated net amount of the rewards that will be earned and redeemed as a reduction to net sales at the time of the initial transaction and as tender when the points are subsequently redeemed by a customer. The liability for unredeemed gift cards and customer loyalty programs is included in accounts payable and accrued liabilities on the Company's Consolidated Balance Sheets and was $654 million , $856 million and $673 million as of August 3, 2019 , February 2, 2019 and August 4, 2018 , respectively. Credit Card Revenues, net

Leases

Leases	6 Months Ended
	Aug. 03, 2019
Leases [Abstract]
Lessee, Operating and Financing Leases [Text Block]	Leases The Company leases a portion of the real estate and personal property used in its operations. Most leases require the Company to pay real estate taxes, maintenance, insurance and other similar costs; some also require additional payments based on percentages of sales and some contain purchase options. Certain of the Company’s real estate leases have terms that extend for a significant number of years and provide for rental rates that increase or decrease over time. L ease terms include the noncancellable portion of the underlying leases along with any reasonably certain lease periods associated with available renewal periods, termination options and purchase options. Operating lease liabilities are recognized at the lease commencement date based on the present value of the fixed lease payments using the Company's incremental borrowing rates for its population of leases. Related operating ROU assets are recognized based on the initial present value of the fixed lease payments, reduced by contributions from landlords, plus any prepaid rent and direct costs from executing the leases. ROU assets are tested for impairment in the same manner as long-lived assets. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Variable lease payments are recognized as lease expense as they are incurred. Certain of the Company's leases contain covenants that restrict the ability of the tenant (typically a subsidiary of the Company) to take specified actions (including the payment of dividends or other amounts on account of its capital stock) unless the tenant satisfies certain financial tests. ROU assets and lease liabilities consist of: August 3, 2019 Classification (millions) Assets Finance lease assets (a) Right of Use Assets $ 11 Operating lease assets (b) Right of Use Assets 2,625 Total leased assets $ 2,636 Liabilities Current Finance Accounts payable and accrued liabilities $ 1 Operating (b) Accounts payable and accrued liabilities 350 Noncurrent Finance Long-Term Lease Liabilities 24 Operating (b) Long-Term Lease Liabilities 2,812 Total lease liabilities $ 3,187 (a) Finance lease assets are recorded net of accumulated amortization of $12 million as of August 3, 2019 . (b) As of August 3, 2019 , operating lease assets included $398 million of non-lease components and current and noncurrent lease liabilities included $34 million and $369 million , respectively, of non-lease components. The components of net lease expense are disclosed below. For the 13 and 26 weeks ended August 3, 2019 , expense related to non-lease components was $21 million and $42 million , respectively, and variable lease expense was $3 million and $7 million , respectively. 13 Weeks Ended 26 Weeks Ended August 3, 2019 August 3, 2019 Classification (millions) Operating lease expense (c) Selling, general and administrative expenses $ 106 $ 214 Sublease income Selling, general and administrative expenses (1 ) (1 ) Net lease expense $ 105 $ 213 (c) Certain supply chain operating lease expense amounts are included in cost of sales. As of August 3, 2019 , the maturity of lease liabilities is as follows: Finance Leases (d) Operating Leases (e and f) Total (millions) Fiscal year 2019 $ 1 $ 180 $ 181 2020 3 332 335 2021 3 333 336 2022 3 311 314 2023 3 307 310 After 2023 31 5,385 5,416 Total undiscounted lease payments 44 6,848 6,892 Less amount representing interest 19 3,686 3,705 Total lease liabilities $ 25 $ 3,162 $ 3,187 (d) Finance lease payments include $12 million related to options to extend lease terms that are reasonably certain of being exercised. (e) Operating lease payments include $3,292 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $936 million of legally binding minimum lease payments for leases signed but not yet commenced. (f) Operating lease payments include $1,172 million related to non-lease component payments, with $ 844 million related to options to extend lease terms that are reasonably certain of being exercised. Additional supplemental information regarding assumptions and cash flows for operating and finance leases is as follows: August 3, 2019 Lease Term and Discount Rate (millions) Weighted-average remaining lease term (years) Finance leases 18.0 Operating leases 23.7 Weighted-average discount rate Finance leases 6.64 % Operating leases 6.70 % 26 Weeks Ended August 3, 2019 Other Information Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used from operating leases $ 182 Financing cash flows used from financing leases 1 Leased assets obtained in exchange for new operating lease liabilities 39 As of February 2, 2019, as disclosed in the 2018 10-K, minimum rental commitments for noncancellable leases, including executed leases not yet commenced, were as follows: Capitalized Leases (g) Operating Leases Total (millions) Fiscal year 2019 $ 3 $ 325 $ 328 2020 3 315 318 2021 3 309 312 2022 3 283 286 2023 3 264 267 After 2023 31 2,758 2,789 Total minimum lease payments 46 $ 4,254 $ 4,300 Less amount representing interest 20 Present value of net minimum capitalized lease payments $ 26 (g) For purposes of the disclosure, capitalized lease is used interchangeably with finance lease.

Financing Activities

Financing Activities	6 Months Ended
	Aug. 03, 2019
Debt Disclosure [Abstract]
Financing Activities	Financing Activities The following table shows the detail of debt repayments: 26 Weeks Ended August 3, 2019 August 4, 2018 (millions) 6.9% Senior debentures due 2029 $ — $ 90 4.5% Senior notes due 2034 — 80 6.7% Senior notes due 2028 — 60 6.375% Senior notes due 2037 — 43 6.7% Senior debentures due 2034 — 28 7.0% Senior debentures due 2028 — 27 6.65% Senior debentures due 2024 — 11 6.9% Senior debentures due 2032 — 5 8.5% Senior debentures due 2019 36 — 9.5% Amortizing debentures due 2021 2 2 9.75% Amortizing debentures due 2021 1 1 $ 39 $ 347 During the 26 weeks ended August 4, 2018, the Company repurchased $344 million face value of senior notes and debentures. The debt repurchases were made in the open market for a total cost of $354 million , including expenses related to the transactions. Such repurchases resulted in the recognition of expense of $5 million during the 13 and 26 weeks ended August 4, 2018 presented as losses on early retirement of debt on the Consolidated Statements of Income. On May 9, 2019, the Company entered into a new credit agreement with certain financial institutions that replaced the previous credit agreement which was set to expire on May 6, 2021. Similar to the previous agreement, the new credit agreement provides for revolving credit borrowings and letters of credit in an aggregate amount not to exceed $1,500 million (which may be increased to $1,750 million at the option of the Company, subject to the willingness of existing or new lenders to provide commitments for such additional financing). The new credit agreement is scheduled to expire on May 9, 2024, subject to up to two one-year extensions that may be requested by the Company and agreed to by the lenders.

Benefit Plans

Benefit Plans	6 Months Ended
	Aug. 03, 2019
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 26 Weeks Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 (millions) (millions) 401(k) Qualified Defined Contribution Plan $ 24 $ 24 $ 49 $ 47 Non-Qualified Defined Contribution Plan $ 1 $ 1 $ 2 $ 1 Pension Plan Service cost $ 1 $ 1 $ 2 $ 3 Interest cost 26 27 52 53 Expected return on assets (48 ) (53 ) (96 ) (106 ) Recognition of net actuarial loss 7 8 14 16 Amortization of prior service credit — — — — $ (14 ) $ (17 ) $ (28 ) $ (34 ) Supplementary Retirement Plan Service cost $ — $ — $ — $ — Interest cost 6 5 12 11 Recognition of net actuarial loss 2 2 4 4 Amortization of prior service cost — — — — $ 8 $ 7 $ 16 $ 15 Total Retirement Expense $ 19 $ 15 $ 39 $ 29 Postretirement Obligations Service cost $ — $ — $ — $ — Interest cost 1 1 2 2 Recognition of net actuarial gain (2 ) (1 ) (3 ) (2 ) Amortization of prior service credit — — — — $ (1 ) $ — $ (1 ) $ — For the 13 and 26 weeks ended August 4, 2018 , the Company incurred non-cash settlement charges of $50 million related 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 the result of an increase in lump sum distributions associated with store closings, organizational restructuring and periodic distribution activity.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Aug. 03, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring 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: August 3, 2019 August 4, 2018 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 $ 112 $ 31 $ 81 $ — $ 96 $ 27 $ 69 $ — 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, excluding capital leases and other obligations: August 3, 2019 August 4, 2018 Notional Amount Carrying Amount Fair Value Notional Amount Carrying Amount Fair Value (millions) Long-term debt $ 4,667 $ 4,680 $ 4,742 $ 5,423 $ 5,447 $ 5,314

Condensed Consolidating Financi

Condensed Consolidating Financial Information	6 Months Ended
	Aug. 03, 2019
Condensed Financial Information 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 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 26 weeks ended August 3, 2019 and August 4, 2018 , Condensed Consolidating Balance Sheets as of August 3, 2019 , August 4, 2018 and February 2, 2019 , and the related Condensed Consolidating Statements of Cash Flows for the 26 weeks ended August 3, 2019 and August 4, 2018 are presented on the following pages. Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended August 3, 2019 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,219 $ 4,416 $ (1,089 ) $ 5,546 Credit card revenues (expense), net — (2 ) 178 — 176 Cost of sales — (1,341 ) (3,143 ) 1,089 (3,395 ) Selling, general and administrative expenses — (872 ) (1,305 ) — (2,177 ) Gains on sale of real estate — — 7 — 7 Impairment and other costs — — (2 ) — (2 ) Operating income — 4 151 — 155 Benefit plan income, net — 3 5 — 8 Interest (expense) income, net: External 4 (52 ) 1 — (47 ) Intercompany — (18 ) 18 — — Equity in earnings (loss) of subsidiaries 82 (108 ) — 26 — Income (loss) before income taxes 86 (171 ) 175 26 116 Federal, state and local income — 7 (37 ) — (30 ) Net income (loss) 86 (164 ) 138 26 86 Net loss attributable to noncontrolling interest — — — — — Net income (loss) attributable to $ 86 $ (164 ) $ 138 $ 26 $ 86 Comprehensive income (loss) $ 91 $ (159 ) $ 142 $ 17 $ 91 Comprehensive loss attributable to — — — — — Comprehensive income (loss) attributable to $ 91 $ (159 ) $ 142 $ 17 $ 91 Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended August 4, 2018 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,072 $ 4,914 $ (1,414 ) $ 5,572 Credit card revenues, net — 3 183 — 186 Cost of sales — (1,271 ) (3,463 ) 1,414 (3,320 ) Selling, general and administrative expenses — (812 ) (1,352 ) — (2,164 ) Gains on sale of real estate — 19 27 — 46 Impairment and other costs — 2 (19 ) — (17 ) Operating income — 13 290 — 303 Benefit plan income, net — 4 7 — 11 Settlement charges (6 ) (16 ) (28 ) — (50 ) Interest (expense) income, net: External 5 (69 ) 2 — (62 ) Intercompany — (17 ) 17 — — Losses on early retirement of debt — (5 ) — — (5 ) Equity in earnings of subsidiaries 167 8 — (175 ) — Income (loss) before income taxes 166 (82 ) 288 (175 ) 197 Federal, state and local income — 30 (63 ) — (33 ) Net income (loss) 166 (52 ) 225 (175 ) 164 Net loss attributable to noncontrolling interest — — 2 — 2 Net income (loss) attributable to $ 166 $ (52 ) $ 227 $ (175 ) $ 166 Comprehensive income (loss) $ 186 $ (35 ) $ 236 $ (203 ) $ 184 Comprehensive loss attributable to — — 2 — 2 Comprehensive income (loss) attributable to $ 186 $ (35 ) $ 238 $ (203 ) $ 186 Condensed Consolidating Statement of Comprehensive Income For the 26 Weeks Ended August 3, 2019 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 4,373 $ 9,184 $ (2,507 ) $ 11,050 Credit card revenues (expense), net — (5 ) 353 — 348 Cost of sales — (2,682 ) (6,623 ) 2,507 (6,798 ) Selling, general and administrative expenses 1 (1,674 ) (2,614 ) — (4,287 ) Gains on sale of real estate — 24 25 — 49 Impairment and other costs — — (3 ) — (3 ) Operating income 1 36 322 — 359 Benefit plan income, net — 6 9 — 15 Interest (expense) income, net: External 9 (105 ) 2 — (94 ) Intercompany — (37 ) 37 — — Equity in earnings (loss) of subsidiaries 214 (138 ) — (76 ) — Income (loss) before income taxes 224 (238 ) 370 (76 ) 280 Federal, state and local income (1 ) 31 (87 ) — (57 ) Net income (loss) 223 (207 ) 283 (76 ) 223 Net loss attributable to noncontrolling interest — — — — — Net income (loss) attributable to $ 223 $ (207 ) $ 283 $ (76 ) $ 223 Comprehensive income (loss) $ 234 $ (197 ) $ 291 $ (94 ) $ 234 Comprehensive loss attributable to — — — — — Comprehensive income (loss) attributable to $ 234 $ (197 ) $ 291 $ (94 ) $ 234 Condensed Consolidating Statement of Comprehensive Income For the 26 Weeks Ended August 4, 2018 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 4,081 $ 10,277 $ (3,246 ) $ 11,112 Credit card revenues (expense), net — (3 ) 346 — 343 Cost of sales — (2,591 ) (7,356 ) 3,246 (6,701 ) Selling, general and administrative expenses — (1,641 ) (2,606 ) — (4,247 ) Gains on sale of real estate — 42 28 — 70 Impairment and other costs — 2 (38 ) — (36 ) Operating income (loss) — (110 ) 651 — 541 Benefit plan income, net — 8 14 — 22 Settlement charges (6 ) (16 ) (28 ) — (50 ) Interest (expense) income, net: External 9 (139 ) 2 — (128 ) Intercompany — (36 ) 36 — — Losses on early retirement of debt — (5 ) — — (5 ) Equity in earnings of subsidiaries 304 109 — (413 ) — Income (loss) before income taxes 307 (189 ) 675 (413 ) 380 Federal, state and local income (1 ) 67 (150 ) — (84 ) Net income (loss) 306 (122 ) 525 (413 ) 296 Net loss attributable to noncontrolling interest — — 10 — 10 Net income (loss) attributable to $ 306 $ (122 ) $ 535 $ (413 ) $ 306 Comprehensive income (loss) $ 333 $ (99 ) $ 540 $ (451 ) $ 323 Comprehensive loss attributable to — — 10 — 10 Comprehensive income (loss) attributable to $ 333 $ (99 ) $ 550 $ (451 ) $ 333 Condensed Consolidating Balance Sheet As of August 3, 2019 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 320 $ 100 $ 254 $ — $ 674 Receivables 1 44 195 — 240 Merchandise inventories — 2,138 2,891 — 5,029 Prepaid expenses and other current assets — 139 464 — 603 Income taxes 39 — — (39 ) — Total Current Assets 360 2,421 3,804 (39 ) 6,546 Property and Equipment – net — 3,162 3,321 — 6,483 Right of Use Assets — 660 1,976 — 2,636 Goodwill — 3,326 582 — 3,908 Other Intangible Assets – net — 4 436 — 440 Other Assets — 39 689 — 728 Deferred Income Taxes 9 — — (9 ) — Intercompany Receivable 2,564 — 643 (3,207 ) — Investment in Subsidiaries 3,484 2,957 — (6,441 ) — Total Assets $ 6,417 $ 12,569 $ 11,451 $ (9,696 ) $ 20,741 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 6 $ — $ — $ 6 Merchandise accounts payable — 717 957 — 1,674 Accounts payable and accrued liabilities 74 754 1,911 — 2,739 Income taxes — 47 12 (39 ) 20 Total Current Liabilities 74 1,524 2,880 (39 ) 4,439 Long-Term Debt — 4,680 — — 4,680 Long-Term Lease Liabilities — 594 2,242 — 2,836 Intercompany Payable — 3,207 — (3,207 ) — Deferred Income Taxes — 643 572 (9 ) 1,206 Other Liabilities 28 364 873 — 1,265 Shareholders' Equity: Macy's, Inc. 6,315 1,557 4,884 (6,441 ) 6,315 Noncontrolling Interest — — — — — Total Shareholders' Equity 6,315 1,557 4,884 (6,441 ) 6,315 Total Liabilities and Shareholders' Equity $ 6,417 $ 12,569 $ 11,451 $ (9,696 ) $ 20,741 Condensed Consolidating Balance Sheet As of August 4, 2018 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 744 $ 66 $ 258 $ — $ 1,068 Receivables 1 43 217 — 261 Merchandise inventories — 2,121 2,835 — 4,956 Prepaid expenses and other current assets — 135 445 — 580 Income taxes 46 — — (46 ) — Total Current Assets 791 2,365 3,755 (46 ) 6,865 Property and Equipment – net — 3,253 3,294 — 6,547 Goodwill — 3,326 582 — 3,908 Other Intangible Assets – net — 41 442 — 483 Other Assets — 89 776 — 865 Deferred Income Taxes 10 — — (10 ) — Intercompany Receivable 1,347 — 1,038 (2,385 ) — Investment in Subsidiaries 3,876 3,140 — (7,016 ) — Total Assets $ 6,024 $ 12,214 $ 9,887 $ (9,457 ) $ 18,668 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 42 $ 21 $ — $ 63 Merchandise accounts payable — 788 1,007 — 1,795 Accounts payable and accrued liabilities 84 777 1,747 — 2,608 Income taxes — 33 28 (46 ) 15 Total Current Liabilities 84 1,640 2,803 (46 ) 4,481 Long-Term Debt — 5,457 16 — 5,473 Intercompany Payable — 2,385 — (2,385 ) — Deferred Income Taxes — 588 616 (10 ) 1,194 Other Liabilities 24 441 1,161 — 1,626 Shareholders' Equity: Macy's, Inc. 5,916 1,703 5,313 (7,016 ) 5,916 Noncontrolling Interest — — (22 ) — (22 ) Total Shareholders' Equity 5,916 1,703 5,291 (7,016 ) 5,894 Total Liabilities and Shareholders' Equity $ 6,024 $ 12,214 $ 9,887 $ (9,457 ) $ 18,668 Condensed Consolidating Balance Sheet As of February 2, 2019 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 889 $ 59 $ 214 $ — $ 1,162 Receivables — 68 332 — 400 Merchandise inventories — 2,342 2,921 — 5,263 Prepaid expenses and other current assets — 143 477 — 620 Total Current Assets 889 2,612 3,944 — 7,445 Property and Equipment – net — 3,287 3,350 — 6,637 Goodwill — 3,326 582 — 3,908 Other Intangible Assets – net — 38 440 — 478 Other Assets — 41 685 — 726 Deferred Income Taxes 12 — — (12 ) — Intercompany Receivable 1,713 — 1,390 (3,103 ) — Investment in Subsidiaries 4,030 3,119 — (7,149 ) — Total Assets $ 6,644 $ 12,423 $ 10,391 $ (10,264 ) $ 19,194 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 42 $ 1 $ — $ 43 Merchandise accounts payable — 713 942 — 1,655 Accounts payable and accrued liabilities 170 950 2,246 — 3,366 Income taxes 14 52 102 — 168 Total Current Liabilities 184 1,757 3,291 — 5,232 Long-Term Debt — 4,692 16 — 4,708 Intercompany Payable — 3,103 — (3,103 ) — Deferred Income Taxes — 679 571 (12 ) 1,238 Other Liabilities 24 406 1,150 — 1,580 Shareholders' Equity: Macy's, Inc. 6,436 1,786 5,363 (7,149 ) 6,436 Noncontrolling Interest — — — — — Total Shareholders' Equity 6,436 1,786 5,363 (7,149 ) 6,436 Total Liabilities and Shareholders' Equity $ 6,644 $ 12,423 $ 10,391 $ (10,264 ) $ 19,194 Condensed Consolidating Statement of Cash Flows For the 26 Weeks Ended August 3, 2019 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 223 $ (207 ) $ 283 $ (76 ) $ 223 Impairment and other costs — — 3 — 3 Equity in loss (earnings) of subsidiaries (214 ) 138 — 76 — Dividends received from subsidiaries 606 — — (606 ) — Depreciation and amortization — 169 303 — 472 Gains on sale of real estate — (24 ) (25 ) — (49 ) Changes in assets, liabilities and other items not separately identified (52 ) 47 (294 ) — (299 ) Net cash provided by operating activities 563 123 270 (606 ) 350 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net of dispositions — (97 ) (345 ) — (442 ) Other, net — (11 ) (1 ) — (12 ) Net cash used by investing activities — (108 ) (346 ) — (454 ) Cash flows from financing activities: Debt repaid, including debt issuance costs — (42 ) — — (42 ) Dividends paid (233 ) — (606 ) 606 (233 ) Issuance of common stock 6 — — — 6 Intercompany activity, net (813 ) 93 720 — — Other, net (92 ) (21 ) (15 ) — (128 ) Net cash provided (used) by financing activities (1,132 ) 30 99 606 (397 ) Net increase (decrease) in cash, cash equivalents and restricted cash (569 ) 45 23 — (501 ) Cash, cash equivalents and restricted cash at beginning of period 889 64 295 — 1,248 Cash, cash equivalents and restricted cash at end of period $ 320 $ 109 $ 318 $ — $ 747 Condensed Consolidating Statement of Cash Flows For the 26 Weeks Ended August 4, 2018 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 306 $ (122 ) $ 525 $ (413 ) $ 296 Impairment and other costs — (2 ) 38 — 36 Settlement charges 6 16 28 — 50 Equity in earnings of subsidiaries (304 ) (109 ) — 413 — Dividends received from subsidiaries 492 — — (492 ) — Depreciation and amortization — 165 305 — 470 Gains on sale of real estate — (42 ) (28 ) — (70 ) Changes in assets, liabilities and other items not separately identified (154 ) 298 (381 ) (1 ) (238 ) Net cash provided by operating activities 346 204 487 (493 ) 544 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net of dispositions — (49 ) (271 ) — (320 ) Other, net — (15 ) (28 ) 51 8 Net cash used by investing activities — (64 ) (299 ) 51 (312 ) Cash flows from financing activities: Debt repaid — (306 ) (1 ) (50 ) (357 ) Dividends paid (232 ) — (492 ) 492 (232 ) Issuance of common stock 38 — — — 38 Proceeds from noncontrolling interest — — 5 — 5 Intercompany activity, net (441 ) 162 279 — — Other, net (76 ) (9 ) (5 ) — (90 ) Net cash used by financing activities (711 ) (153 ) (214 ) 442 (636 ) Net decrease in cash, cash equivalents and restricted cash (365 ) (13 ) (26 ) — (404 ) Cash, cash equivalents and restricted cash at beginning of period 1,109 79 325 — 1,513 Cash, cash equivalents and restricted cash at end of period $ 744 $ 66 $ 299 $ — $ 1,109

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	6 Months Ended
	Aug. 03, 2019
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 kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Guam and Puerto Rico. As of August 3, 2019 , the Company's operations were conducted through Macy's, Bloomingdale's, Bloomingdale's The Outlet, Macy's Backstage and bluemercury. 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 February 2, 2019 (the "2018 10-K"). The accompanying Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto in the 2018 10-K.
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 26 weeks ended August 3, 2019 and August 4, 2018 , 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 26 weeks ended August 3, 2019 and August 4, 2018 relate to post employment and postretirement plan items. Settlement charges incurred are included as a separate component of income before income taxes 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 benefit plan income, net on the Consolidated Statements of Income. See Note 6, "Benefit Plans," for further information.
Newly Adopted Accounting Pronouncements	Newly Adopted Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), as amended, which requires lessees to recognize substantially all leases on-balance sheet and disclose key information about leasing arrangements. The new standard establishes a right of use ("ROU") model that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The new standard was adopted by the Company on February 3, 2019 utilizing a modified retrospective approach that allowed for transition in the period of adoption. The Company adopted the package of practical expedients available at transition that retained the lease classification and initial direct costs for any leases that existed prior to adoption of the standard. Contracts entered into prior to adoption were not reassessed for leases or embedded leases. Upon adoption, the Company used hindsight in determining lease term and impairment. For lease and non-lease components, the Company has elected to account for both as a single lease component. Adoption of the new standard resulted in the recording of additional net lease assets and lease liabilities of $2,519 million and $2,728 million , respectively, as of February 3, 2019. The difference of $209 million between the additional net lease assets and lease liabilities, net of the deferred tax impact of $54 million , was recorded as an adjustment to retained earnings. Prepaid rent, intangible lease assets, finance lease assets, and accrued and deferred rent as of February 3, 2019 were recorded as part of the ROU asset. Finance lease obligations as of February 3, 2019 were recorded as part of the lease liabilities. The standard did not materially impact the Company's consolidated net income and had no impact on cash flows.

Revenue Recognition (Policies)

Revenue Recognition (Policies)	6 Months Ended
	Aug. 03, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Net sales Revenue is recognized when customers obtain control of goods and services promised by the Company. The amount of revenue recognized is based on the amount that reflects the consideration that is expected to be received in exchange for those respective goods and services. The Company's revenue generating activities include the following: Retail Sales Retail sales include merchandise sales, inclusive of delivery income, licensed department income, sales of private brand goods directly to third party retailers and sales of excess inventory to third parties. Sales of merchandise are recorded at the time of shipment to the customer and are reported net of estimated merchandise returns and certain customer incentives. Commissions earned on sales generated by licensed departments are included as a component of total net sales and are recognized as revenue at the time merchandise is sold to customers. Service revenues (e.g., alteration and cosmetic services) are recorded at the time the customer receives the benefit of the service. The Company has elected to present sales taxes on a net basis and, as such, sales taxes are included in accounts payable and accrued liabilities until remitted to the taxing authorities. For the 13 and 26 weeks ended August 3, 2019 , Macy's accounted for 88% of the Company's net sales. For the 13 and 26 weeks ended August 4, 2018 , Macy's accounted for 89% and 88% , respectively, of the Company's net sales. Disaggregation of the Company's net sales by family of business for the 13 and 26 weeks ended August 3, 2019 and August 4, 2018 were as follows: 13 Weeks Ended 26 Weeks Ended Net sales by family of business August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 (millions) Women's Accessories, Intimate Apparel, Shoes, Cosmetics and Fragrances $ 2,039 $ 2,022 $ 4,191 $ 4,181 Women's Apparel 1,269 1,322 2,582 2,672 Men's and Kids' 1,266 1,273 2,468 2,447 Home/Other (a) 972 955 1,809 1,812 Total $ 5,546 $ 5,572 $ 11,050 $ 11,112 (a) Other primarily includes restaurant sales, allowance for merchandise returns adjustments and breakage income from unredeemed gift cards. Merchandise Returns The Company estimates merchandise returns using historical data and recognizes an allowance that reduces net sales and cost of sales. The liability for merchandise returns is included in accounts payable and accrued liabilities on the Company's Consolidated Balance Sheets and was $227 million , $269 million and $243 million as of August 3, 2019 , February 2, 2019 and August 4, 2018 , respectively. Included in prepaid expenses and other current assets is an asset totaling $154 million , $188 million and $165 million as of August 3, 2019 , February 2, 2019 and August 4, 2018 , respectively, for the recoverable cost of merchandise estimated to be returned by customers. Gift Cards and Customer Loyalty Programs The Company only offers no-fee, non-expiring gift cards to its customers. At the time gift cards are sold or issued, no revenue is recognized; rather, the Company records an accrued liability to customers. The liability is relieved and revenue is recognized equal to the amount redeemed at the time gift cards are redeemed for merchandise. The Company records revenue from unredeemed gift cards (breakage) in net sales on a pro-rata basis over the time period gift cards are actually redeemed. At least three years of historical data, updated annually, is used to determine actual redemption patterns. The Company maintains customer loyalty programs in which customers earn points based on their purchases. Under the Macy’s brand, points are earned based on customers’ spending on Macy’s private label and co-branded credit cards as well as non-proprietary cards during certain tender-neutral promotional events. Under the Bloomingdale’s brand, the Company offers a tender neutral points-based program. The Company recognizes the estimated net amount of the rewards that will be earned and redeemed as a reduction to net sales at the time of the initial transaction and as tender when the points are subsequently redeemed by a customer. The liability for unredeemed gift cards and customer loyalty programs is included in accounts payable and accrued liabilities on the Company's Consolidated Balance Sheets and was $654 million , $856 million and $673 million as of August 3, 2019 , February 2, 2019 and August 4, 2018 , respectively. Credit Card Revenues, net

Leases (Policies)

Leases (Policies)	6 Months Ended
	Aug. 03, 2019
Leases [Abstract]
Lessee, Leases [Policy Text Block]	Leases The Company leases a portion of the real estate and personal property used in its operations. Most leases require the Company to pay real estate taxes, maintenance, insurance and other similar costs; some also require additional payments based on percentages of sales and some contain purchase options. Certain of the Company’s real estate leases have terms that extend for a significant number of years and provide for rental rates that increase or decrease over time. L ease terms include the noncancellable portion of the underlying leases along with any reasonably certain lease periods associated with available renewal periods, termination options and purchase options. Operating lease liabilities are recognized at the lease commencement date based on the present value of the fixed lease payments using the Company's incremental borrowing rates for its population of leases. Related operating ROU assets are recognized based on the initial present value of the fixed lease payments, reduced by contributions from landlords, plus any prepaid rent and direct costs from executing the leases. ROU assets are tested for impairment in the same manner as long-lived assets. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Variable lease payments are recognized as lease expense as they are incurred. Certain of the Company's leases contain covenants that restrict the ability of the tenant (typically a subsidiary of the Company) to take specified actions (including the payment of dividends or other amounts on account of its capital stock) unless the tenant satisfies certain financial tests.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Aug. 03, 2019
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 August 3, 2019 August 4, 2018 Net Shares Net Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 86 308.9 $ 166 306.8 Shares to be issued under deferred 0.9 0.9 $ 86 309.8 $ 166 307.7 Basic earnings per share attributable to $ 0.28 $ 0.54 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 1.8 4.3 $ 86 311.6 $ 166 312.0 Diluted earnings per share attributable to $ 0.28 $ 0.53 26 Weeks Ended August 3, 2019 August 4, 2018 Net Shares Net Shares (millions, except per share data) Net income attributable to Macy's, Inc. shareholders and $ 223 308.6 $ 306 306.2 Shares to be issued under deferred 0.9 0.9 $ 223 309.5 $ 306 307.1 Basic earnings per share attributable to $ 0.72 $ 0.99 Effect of dilutive securities: Stock options, restricted stock and restricted stock units 2.0 3.6 $ 223 311.5 $ 306 310.7 Diluted earnings per share attributable to $ 0.71 $ 0.98

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Aug. 03, 2019
Revenue from Contract with Customer [Abstract]
Sales from Merchandise Category [Table Text Block]	Disaggregation of the Company's net sales by family of business for the 13 and 26 weeks ended August 3, 2019 and August 4, 2018 were as follows: 13 Weeks Ended 26 Weeks Ended Net sales by family of business August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 (millions) Women's Accessories, Intimate Apparel, Shoes, Cosmetics and Fragrances $ 2,039 $ 2,022 $ 4,191 $ 4,181 Women's Apparel 1,269 1,322 2,582 2,672 Men's and Kids' 1,266 1,273 2,468 2,447 Home/Other (a) 972 955 1,809 1,812 Total $ 5,546 $ 5,572 $ 11,050 $ 11,112 (a) Other primarily includes restaurant sales, allowance for merchandise returns adjustments and breakage income from unredeemed gift cards.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Aug. 03, 2019
Leases [Abstract]
Lessee Lease [Table Text Block]	ROU assets and lease liabilities consist of: August 3, 2019 Classification (millions) Assets Finance lease assets (a) Right of Use Assets $ 11 Operating lease assets (b) Right of Use Assets 2,625 Total leased assets $ 2,636 Liabilities Current Finance Accounts payable and accrued liabilities $ 1 Operating (b) Accounts payable and accrued liabilities 350 Noncurrent Finance Long-Term Lease Liabilities 24 Operating (b) Long-Term Lease Liabilities 2,812 Total lease liabilities $ 3,187 (a) Finance lease assets are recorded net of accumulated amortization of $12 million as of August 3, 2019 .
Lease, Cost [Table Text Block]	The components of net lease expense are disclosed below. For the 13 and 26 weeks ended August 3, 2019 , expense related to non-lease components was $21 million and $42 million , respectively, and variable lease expense was $3 million and $7 million , respectively. 13 Weeks Ended 26 Weeks Ended August 3, 2019 August 3, 2019 Classification (millions) Operating lease expense (c) Selling, general and administrative expenses $ 106 $ 214 Sublease income Selling, general and administrative expenses (1 ) (1 ) Net lease expense $ 105 $ 213 (c) Certain supply chain operating lease expense amounts are included in cost of sales.
Finance Lease, Liability, Maturity [Table Text Block]	As of August 3, 2019 , the maturity of lease liabilities is as follows: Finance Leases (d) Operating Leases (e and f) Total (millions) Fiscal year 2019 $ 1 $ 180 $ 181 2020 3 332 335 2021 3 333 336 2022 3 311 314 2023 3 307 310 After 2023 31 5,385 5,416 Total undiscounted lease payments 44 6,848 6,892 Less amount representing interest 19 3,686 3,705 Total lease liabilities $ 25 $ 3,162 $ 3,187 (d) Finance lease payments include $12 million related to options to extend lease terms that are reasonably certain of being exercised. (e) Operating lease payments include $3,292 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $936 million
Operating Lease Liability, Maturity [Table Text Block]	As of August 3, 2019 , the maturity of lease liabilities is as follows: Finance Leases (d) Operating Leases (e and f) Total (millions) Fiscal year 2019 $ 1 $ 180 $ 181 2020 3 332 335 2021 3 333 336 2022 3 311 314 2023 3 307 310 After 2023 31 5,385 5,416 Total undiscounted lease payments 44 6,848 6,892 Less amount representing interest 19 3,686 3,705 Total lease liabilities $ 25 $ 3,162 $ 3,187 (d) Finance lease payments include $12 million related to options to extend lease terms that are reasonably certain of being exercised. (e) Operating lease payments include $3,292 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $936 million
Schedule of Supplemental Information for Lease Assumptions and Cash Flows [Table Text Block]	Additional supplemental information regarding assumptions and cash flows for operating and finance leases is as follows: August 3, 2019 Lease Term and Discount Rate (millions) Weighted-average remaining lease term (years) Finance leases 18.0 Operating leases 23.7 Weighted-average discount rate Finance leases 6.64 % Operating leases 6.70 % 26 Weeks Ended August 3, 2019 Other Information Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used from operating leases $ 182 Financing cash flows used from financing leases 1 Leased assets obtained in exchange for new operating lease liabilities 39
Prior Period Disclosure: Schedule of Future Minimum Payments for Capital and Operating Leases [Table Text Block]	As of February 2, 2019, as disclosed in the 2018 10-K, minimum rental commitments for noncancellable leases, including executed leases not yet commenced, were as follows: Capitalized Leases (g) Operating Leases Total (millions) Fiscal year 2019 $ 3 $ 325 $ 328 2020 3 315 318 2021 3 309 312 2022 3 283 286 2023 3 264 267 After 2023 31 2,758 2,789 Total minimum lease payments 46 $ 4,254 $ 4,300 Less amount representing interest 20 Present value of net minimum capitalized lease payments $ 26 (g) For purposes of the disclosure, capitalized lease is used interchangeably with finance lease.

Financing Activities (Tables)

Financing Activities (Tables)	6 Months Ended
	Aug. 03, 2019
Extinguishment of Debt [Line Items]
Detail of Debt Repayments	The following table shows the detail of debt repayments: 26 Weeks Ended August 3, 2019 August 4, 2018 (millions) 6.9% Senior debentures due 2029 $ — $ 90 4.5% Senior notes due 2034 — 80 6.7% Senior notes due 2028 — 60 6.375% Senior notes due 2037 — 43 6.7% Senior debentures due 2034 — 28 7.0% Senior debentures due 2028 — 27 6.65% Senior debentures due 2024 — 11 6.9% Senior debentures due 2032 — 5 8.5% Senior debentures due 2019 36 — 9.5% Amortizing debentures due 2021 2 2 9.75% Amortizing debentures due 2021 1 1 $ 39 $ 347

Benefit Plans (Tables)

Benefit Plans (Tables)	6 Months Ended
	Aug. 03, 2019
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 26 Weeks Ended August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 (millions) (millions) 401(k) Qualified Defined Contribution Plan $ 24 $ 24 $ 49 $ 47 Non-Qualified Defined Contribution Plan $ 1 $ 1 $ 2 $ 1 Pension Plan Service cost $ 1 $ 1 $ 2 $ 3 Interest cost 26 27 52 53 Expected return on assets (48 ) (53 ) (96 ) (106 ) Recognition of net actuarial loss 7 8 14 16 Amortization of prior service credit — — — — $ (14 ) $ (17 ) $ (28 ) $ (34 ) Supplementary Retirement Plan Service cost $ — $ — $ — $ — Interest cost 6 5 12 11 Recognition of net actuarial loss 2 2 4 4 Amortization of prior service cost — — — — $ 8 $ 7 $ 16 $ 15 Total Retirement Expense $ 19 $ 15 $ 39 $ 29 Postretirement Obligations Service cost $ — $ — $ — $ — Interest cost 1 1 2 2 Recognition of net actuarial gain (2 ) (1 ) (3 ) (2 ) Amortization of prior service credit — — — — $ (1 ) $ — $ (1 ) $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Aug. 03, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring 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: August 3, 2019 August 4, 2018 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 $ 112 $ 31 $ 81 $ — $ 96 $ 27 $ 69 $ —
Estimated Fair Values of Company's Long Term Debt	The following table shows the estimated fair value of the Company's long-term debt, excluding capital leases and other obligations: August 3, 2019 August 4, 2018 Notional Amount Carrying Amount Fair Value Notional Amount Carrying Amount Fair Value (millions) Long-term debt $ 4,667 $ 4,680 $ 4,742 $ 5,423 $ 5,447 $ 5,314

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	6 Months Ended
	Aug. 03, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Balance Sheet [Table Text Block]	Condensed Consolidating Balance Sheet As of August 3, 2019 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 320 $ 100 $ 254 $ — $ 674 Receivables 1 44 195 — 240 Merchandise inventories — 2,138 2,891 — 5,029 Prepaid expenses and other current assets — 139 464 — 603 Income taxes 39 — — (39 ) — Total Current Assets 360 2,421 3,804 (39 ) 6,546 Property and Equipment – net — 3,162 3,321 — 6,483 Right of Use Assets — 660 1,976 — 2,636 Goodwill — 3,326 582 — 3,908 Other Intangible Assets – net — 4 436 — 440 Other Assets — 39 689 — 728 Deferred Income Taxes 9 — — (9 ) — Intercompany Receivable 2,564 — 643 (3,207 ) — Investment in Subsidiaries 3,484 2,957 — (6,441 ) — Total Assets $ 6,417 $ 12,569 $ 11,451 $ (9,696 ) $ 20,741 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 6 $ — $ — $ 6 Merchandise accounts payable — 717 957 — 1,674 Accounts payable and accrued liabilities 74 754 1,911 — 2,739 Income taxes — 47 12 (39 ) 20 Total Current Liabilities 74 1,524 2,880 (39 ) 4,439 Long-Term Debt — 4,680 — — 4,680 Long-Term Lease Liabilities — 594 2,242 — 2,836 Intercompany Payable — 3,207 — (3,207 ) — Deferred Income Taxes — 643 572 (9 ) 1,206 Other Liabilities 28 364 873 — 1,265 Shareholders' Equity: Macy's, Inc. 6,315 1,557 4,884 (6,441 ) 6,315 Noncontrolling Interest — — — — — Total Shareholders' Equity 6,315 1,557 4,884 (6,441 ) 6,315 Total Liabilities and Shareholders' Equity $ 6,417 $ 12,569 $ 11,451 $ (9,696 ) $ 20,741 Condensed Consolidating Balance Sheet As of August 4, 2018 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 744 $ 66 $ 258 $ — $ 1,068 Receivables 1 43 217 — 261 Merchandise inventories — 2,121 2,835 — 4,956 Prepaid expenses and other current assets — 135 445 — 580 Income taxes 46 — — (46 ) — Total Current Assets 791 2,365 3,755 (46 ) 6,865 Property and Equipment – net — 3,253 3,294 — 6,547 Goodwill — 3,326 582 — 3,908 Other Intangible Assets – net — 41 442 — 483 Other Assets — 89 776 — 865 Deferred Income Taxes 10 — — (10 ) — Intercompany Receivable 1,347 — 1,038 (2,385 ) — Investment in Subsidiaries 3,876 3,140 — (7,016 ) — Total Assets $ 6,024 $ 12,214 $ 9,887 $ (9,457 ) $ 18,668 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 42 $ 21 $ — $ 63 Merchandise accounts payable — 788 1,007 — 1,795 Accounts payable and accrued liabilities 84 777 1,747 — 2,608 Income taxes — 33 28 (46 ) 15 Total Current Liabilities 84 1,640 2,803 (46 ) 4,481 Long-Term Debt — 5,457 16 — 5,473 Intercompany Payable — 2,385 — (2,385 ) — Deferred Income Taxes — 588 616 (10 ) 1,194 Other Liabilities 24 441 1,161 — 1,626 Shareholders' Equity: Macy's, Inc. 5,916 1,703 5,313 (7,016 ) 5,916 Noncontrolling Interest — — (22 ) — (22 ) Total Shareholders' Equity 5,916 1,703 5,291 (7,016 ) 5,894 Total Liabilities and Shareholders' Equity $ 6,024 $ 12,214 $ 9,887 $ (9,457 ) $ 18,668 Condensed Consolidating Balance Sheet As of February 2, 2019 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated ASSETS: Current Assets: Cash and cash equivalents $ 889 $ 59 $ 214 $ — $ 1,162 Receivables — 68 332 — 400 Merchandise inventories — 2,342 2,921 — 5,263 Prepaid expenses and other current assets — 143 477 — 620 Total Current Assets 889 2,612 3,944 — 7,445 Property and Equipment – net — 3,287 3,350 — 6,637 Goodwill — 3,326 582 — 3,908 Other Intangible Assets – net — 38 440 — 478 Other Assets — 41 685 — 726 Deferred Income Taxes 12 — — (12 ) — Intercompany Receivable 1,713 — 1,390 (3,103 ) — Investment in Subsidiaries 4,030 3,119 — (7,149 ) — Total Assets $ 6,644 $ 12,423 $ 10,391 $ (10,264 ) $ 19,194 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current Liabilities: Short-term debt $ — $ 42 $ 1 $ — $ 43 Merchandise accounts payable — 713 942 — 1,655 Accounts payable and accrued liabilities 170 950 2,246 — 3,366 Income taxes 14 52 102 — 168 Total Current Liabilities 184 1,757 3,291 — 5,232 Long-Term Debt — 4,692 16 — 4,708 Intercompany Payable — 3,103 — (3,103 ) — Deferred Income Taxes — 679 571 (12 ) 1,238 Other Liabilities 24 406 1,150 — 1,580 Shareholders' Equity: Macy's, Inc. 6,436 1,786 5,363 (7,149 ) 6,436 Noncontrolling Interest — — — — — Total Shareholders' Equity 6,436 1,786 5,363 (7,149 ) 6,436 Total Liabilities and Shareholders' Equity $ 6,644 $ 12,423 $ 10,391 $ (10,264 ) $ 19,194
Condensed Consolidating Statement of Cash Flows [Table Text Block]	Condensed Consolidating Statement of Cash Flows For the 26 Weeks Ended August 3, 2019 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 223 $ (207 ) $ 283 $ (76 ) $ 223 Impairment and other costs — — 3 — 3 Equity in loss (earnings) of subsidiaries (214 ) 138 — 76 — Dividends received from subsidiaries 606 — — (606 ) — Depreciation and amortization — 169 303 — 472 Gains on sale of real estate — (24 ) (25 ) — (49 ) Changes in assets, liabilities and other items not separately identified (52 ) 47 (294 ) — (299 ) Net cash provided by operating activities 563 123 270 (606 ) 350 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net of dispositions — (97 ) (345 ) — (442 ) Other, net — (11 ) (1 ) — (12 ) Net cash used by investing activities — (108 ) (346 ) — (454 ) Cash flows from financing activities: Debt repaid, including debt issuance costs — (42 ) — — (42 ) Dividends paid (233 ) — (606 ) 606 (233 ) Issuance of common stock 6 — — — 6 Intercompany activity, net (813 ) 93 720 — — Other, net (92 ) (21 ) (15 ) — (128 ) Net cash provided (used) by financing activities (1,132 ) 30 99 606 (397 ) Net increase (decrease) in cash, cash equivalents and restricted cash (569 ) 45 23 — (501 ) Cash, cash equivalents and restricted cash at beginning of period 889 64 295 — 1,248 Cash, cash equivalents and restricted cash at end of period $ 320 $ 109 $ 318 $ — $ 747 Condensed Consolidating Statement of Cash Flows For the 26 Weeks Ended August 4, 2018 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Cash flows from operating activities: Net income (loss) $ 306 $ (122 ) $ 525 $ (413 ) $ 296 Impairment and other costs — (2 ) 38 — 36 Settlement charges 6 16 28 — 50 Equity in earnings of subsidiaries (304 ) (109 ) — 413 — Dividends received from subsidiaries 492 — — (492 ) — Depreciation and amortization — 165 305 — 470 Gains on sale of real estate — (42 ) (28 ) — (70 ) Changes in assets, liabilities and other items not separately identified (154 ) 298 (381 ) (1 ) (238 ) Net cash provided by operating activities 346 204 487 (493 ) 544 Cash flows from investing activities: Purchase of property and equipment and capitalized software, net of dispositions — (49 ) (271 ) — (320 ) Other, net — (15 ) (28 ) 51 8 Net cash used by investing activities — (64 ) (299 ) 51 (312 ) Cash flows from financing activities: Debt repaid — (306 ) (1 ) (50 ) (357 ) Dividends paid (232 ) — (492 ) 492 (232 ) Issuance of common stock 38 — — — 38 Proceeds from noncontrolling interest — — 5 — 5 Intercompany activity, net (441 ) 162 279 — — Other, net (76 ) (9 ) (5 ) — (90 ) Net cash used by financing activities (711 ) (153 ) (214 ) 442 (636 ) Net decrease in cash, cash equivalents and restricted cash (365 ) (13 ) (26 ) — (404 ) Cash, cash equivalents and restricted cash at beginning of period 1,109 79 325 — 1,513 Cash, cash equivalents and restricted cash at end of period $ 744 $ 66 $ 299 $ — $ 1,109
Condensed Consolidating Statement of Comprehensive Income [Table Text Block]	Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended August 3, 2019 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,219 $ 4,416 $ (1,089 ) $ 5,546 Credit card revenues (expense), net — (2 ) 178 — 176 Cost of sales — (1,341 ) (3,143 ) 1,089 (3,395 ) Selling, general and administrative expenses — (872 ) (1,305 ) — (2,177 ) Gains on sale of real estate — — 7 — 7 Impairment and other costs — — (2 ) — (2 ) Operating income — 4 151 — 155 Benefit plan income, net — 3 5 — 8 Interest (expense) income, net: External 4 (52 ) 1 — (47 ) Intercompany — (18 ) 18 — — Equity in earnings (loss) of subsidiaries 82 (108 ) — 26 — Income (loss) before income taxes 86 (171 ) 175 26 116 Federal, state and local income — 7 (37 ) — (30 ) Net income (loss) 86 (164 ) 138 26 86 Net loss attributable to noncontrolling interest — — — — — Net income (loss) attributable to $ 86 $ (164 ) $ 138 $ 26 $ 86 Comprehensive income (loss) $ 91 $ (159 ) $ 142 $ 17 $ 91 Comprehensive loss attributable to — — — — — Comprehensive income (loss) attributable to $ 91 $ (159 ) $ 142 $ 17 $ 91 Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended August 4, 2018 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 2,072 $ 4,914 $ (1,414 ) $ 5,572 Credit card revenues, net — 3 183 — 186 Cost of sales — (1,271 ) (3,463 ) 1,414 (3,320 ) Selling, general and administrative expenses — (812 ) (1,352 ) — (2,164 ) Gains on sale of real estate — 19 27 — 46 Impairment and other costs — 2 (19 ) — (17 ) Operating income — 13 290 — 303 Benefit plan income, net — 4 7 — 11 Settlement charges (6 ) (16 ) (28 ) — (50 ) Interest (expense) income, net: External 5 (69 ) 2 — (62 ) Intercompany — (17 ) 17 — — Losses on early retirement of debt — (5 ) — — (5 ) Equity in earnings of subsidiaries 167 8 — (175 ) — Income (loss) before income taxes 166 (82 ) 288 (175 ) 197 Federal, state and local income — 30 (63 ) — (33 ) Net income (loss) 166 (52 ) 225 (175 ) 164 Net loss attributable to noncontrolling interest — — 2 — 2 Net income (loss) attributable to $ 166 $ (52 ) $ 227 $ (175 ) $ 166 Comprehensive income (loss) $ 186 $ (35 ) $ 236 $ (203 ) $ 184 Comprehensive loss attributable to — — 2 — 2 Comprehensive income (loss) attributable to $ 186 $ (35 ) $ 238 $ (203 ) $ 186 Condensed Consolidating Statement of Comprehensive Income For the 26 Weeks Ended August 3, 2019 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 4,373 $ 9,184 $ (2,507 ) $ 11,050 Credit card revenues (expense), net — (5 ) 353 — 348 Cost of sales — (2,682 ) (6,623 ) 2,507 (6,798 ) Selling, general and administrative expenses 1 (1,674 ) (2,614 ) — (4,287 ) Gains on sale of real estate — 24 25 — 49 Impairment and other costs — — (3 ) — (3 ) Operating income 1 36 322 — 359 Benefit plan income, net — 6 9 — 15 Interest (expense) income, net: External 9 (105 ) 2 — (94 ) Intercompany — (37 ) 37 — — Equity in earnings (loss) of subsidiaries 214 (138 ) — (76 ) — Income (loss) before income taxes 224 (238 ) 370 (76 ) 280 Federal, state and local income (1 ) 31 (87 ) — (57 ) Net income (loss) 223 (207 ) 283 (76 ) 223 Net loss attributable to noncontrolling interest — — — — — Net income (loss) attributable to $ 223 $ (207 ) $ 283 $ (76 ) $ 223 Comprehensive income (loss) $ 234 $ (197 ) $ 291 $ (94 ) $ 234 Comprehensive loss attributable to — — — — — Comprehensive income (loss) attributable to $ 234 $ (197 ) $ 291 $ (94 ) $ 234 Condensed Consolidating Statement of Comprehensive Income For the 26 Weeks Ended August 4, 2018 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 4,081 $ 10,277 $ (3,246 ) $ 11,112 Credit card revenues (expense), net — (3 ) 346 — 343 Cost of sales — (2,591 ) (7,356 ) 3,246 (6,701 ) Selling, general and administrative expenses — (1,641 ) (2,606 ) — (4,247 ) Gains on sale of real estate — 42 28 — 70 Impairment and other costs — 2 (38 ) — (36 ) Operating income (loss) — (110 ) 651 — 541 Benefit plan income, net — 8 14 — 22 Settlement charges (6 ) (16 ) (28 ) — (50 ) Interest (expense) income, net: External 9 (139 ) 2 — (128 ) Intercompany — (36 ) 36 — — Losses on early retirement of debt — (5 ) — — (5 ) Equity in earnings of subsidiaries 304 109 — (413 ) — Income (loss) before income taxes 307 (189 ) 675 (413 ) 380 Federal, state and local income (1 ) 67 (150 ) — (84 ) Net income (loss) 306 (122 ) 525 (413 ) 296 Net loss attributable to noncontrolling interest — — 10 — 10 Net income (loss) attributable to $ 306 $ (122 ) $ 535 $ (413 ) $ 306 Comprehensive income (loss) $ 333 $ (99 ) $ 540 $ (451 ) $ 323 Comprehensive loss attributable to — — 10 — 10 Comprehensive income (loss) attributable to $ 333 $ (99 ) $ 550 $ (451 ) $ 333

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) $ in Millions	Aug. 03, 2019	Feb. 03, 2019USD ($)
Number of states in which entity operates	43
Increase of Net Right of Use Asset		$ 2,519
Increase in Net Lease Liability		2,728
Cumulative Effect of New Accounting Principle, Before Tax Impact, in Period of Adoption		209
Cumulative Effect of New Accounting Principle, Tax Impact, in Period of Adoption		$ 54

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	18.9	12.8
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1.3	1.4

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		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Earnings Per Share [Abstract]
Net income (loss) attributable to Macy's, Inc. shareholders	$ 86	$ 166	$ 223	$ 306
Net Income (Loss) Available to Common Stockholders, Basic	86	166	223	306
Net Income (Loss) Available to Common Stockholders, Diluted	$ 86	$ 166	$ 223	$ 306
Basic earnings per share attributable to Macy's, Inc. shareholders	$ 0.28	$ 0.54	$ 0.72	$ 0.99
Diluted earnings per share attributable to Macy's, Inc. shareholders	$ 0.28	$ 0.53	$ 0.71	$ 0.98
Weighted Average Number of Shares Issued, Basic	308.9	306.8	308.6	306.2
Shares to be issued under deferred compensation and other plans	0.9	0.9	0.9	0.9
Average number of shares outstanding, basic	309.8	307.7	309.5	307.1
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1.8	4.3	2	3.6
Average number of shares outstanding, diluted	311.6	312	311.5	310.7

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018	Feb. 02, 2019
Net sales	$ 5,546	$ 5,572	$ 11,050	$ 11,112
Contract with Customer, Liability, Current	$ 654	$ 673	$ 654	$ 673	$ 856
Macy's sales to total Company sales	88.00%	89.00%	88.00%	88.00%
Contract with Customer, Refund Liability	$ 227	$ 243	$ 227	$ 243	269
Contract with Customer, Right to Recover Product	154	165	154	165	$ 188
Women's Accessories, Intimate Apparel, Shoes and Cosmetics [Member]
Net sales	2,039	2,022	4,191	4,181
Women's Apparel [Member]
Net sales	1,269	1,322	2,582	2,672
Men's and Children's [Member]
Net sales	1,266	1,273	2,468	2,447
Home and Miscellaneous [Member]
Net sales	972	955	1,809	1,812
Total Sales - All Categories [Member]
Net sales	$ 5,546	$ 5,572	$ 11,050	$ 11,112

Leases (Details)

Leases (Details) $ in Millions	6 Months Ended
	Aug. 03, 2019USD ($)
Leases [Abstract]
Finance Lease, Weighted Average Remaining Lease Term	18 years
Operating Lease, Weighted Average Remaining Lease Term	23 years 8 months 12 days
Finance Lease, Weighted Average Discount Rate, Percent	6.64%
Operating Lease, Weighted Average Discount Rate, Percent	6.70%
Operating Lease, Payments	$ 182
Finance Lease, Interest Payment on Liability	1
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 39

Leases - Right of Use Assets a

Leases - Right of Use Assets and Lease Liabilities (Details) - USD ($) $ in Millions	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Lease Assets [Abstract]
Finance Lease, Right-of-Use Asset	$ 11
Operating Lease, Right-of-Use Asset	2,625
Right of Use Assets	2,636	$ 0	$ 0
Lease Liabilities, Current [Abstract]
Finance Lease, Liability, Current	1
Operating Lease, Liability, Current	350
Lease Liabilities, Noncurrent [Abstract]
Finance Lease, Liability, Noncurrent	24
Operating Lease, Liability, Noncurrent	2,812
Total Lease Liability	3,187
Accumulated Amortization, Finance Leases	12
Operating Lease Asset, Non-Lease Component	398
Operating Lease Liability, Non-Lease Component, Current	34
Operating Lease Liability, Non-Lease Component, Non-Current	$ 369

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 03, 2019	Aug. 03, 2019
Leases [Abstract]
Operating Lease, Expense, Non-Lease Component	$ 21	$ 42
Variable Lease, Cost	3	7
Operating Lease, Expense	106	214
Sublease Income	(1)	(1)
Net lease expense	$ 105	$ 213

Leases Maturity of Lease Liabil

Leases Maturity of Lease Liabilities (Details) $ in Millions	Aug. 03, 2019USD ($)
Finance Lease, Liability, Payment, Due [Abstract]
2019	$ 1
2020	3
2021	3
2022	3
2023	3
After 2023	31
Total lease payments, Finance	44
Less amount representing interest, finance	19
Finance Lease, Liability	25
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2019	180
2020	332
2021	333
2022	311
2023	307
After 2023	5,385
Total lease payments, operating	6,848
Less amount representing interest, operating	3,686
Operating Lease, Liability	3,162
Total Lease Liabilities, Payments Due [Abstract]
2019	181
2020	335
2021	336
2022	314
2023	310
After 2023	5,416
Total lease payments, finance and operating	6,892
Less amount representing interest, finance and operating	3,705
Total Lease Liability	3,187
Lessee, Finance Lease, Option to Extend, Reasonably Certain	12
Lessee, Operating Lease, Option to Extend, Reasonably Certain	3,292
Lessee, Operating Lease, Lease Not Yet Commenced	936
Operating Lease, Payment, Non-Lease Component	1,172
Operating Lease, Payment, Non-Lease Component, Option to Extend, Reasonably Certain	$ 844

Leases - Prior Period DIsclosur

Leases - Prior Period DIsclosure: Minimum Rental Commitments Excluding Executory Costs for Noncancellable Leases (Details) $ in Millions	Feb. 02, 2019USD ($)
Leases, Capital [Abstract]
2019, Capitalized Leases	$ 3
2020, Capitalized Leases	3
2021, Capitalized Leases	3
2022, Capitalized Leases	3
2023, Capitalized Leases	3
After 2023, Capitalized Leases	31
Total minimum lease payments, Capitalized Leases	46
Less amount representing interest	20
Present value of net minimum capitalized lease payments	26
Leases, Operating [Abstract]
2019, Operating Leases	325
2020, Operating Leases	315
2021, Operating Leases	309
2022, Operating Leases	283
2023, Operating Leases	264
After 2023, Operating Leases	2,758
Total minimum lease payments, Operating Leases	4,254
Leases [Abstract]
2019, Total	328
2020, Total	318
2021, Total	312
2022, Total	286
2023, Total	267
After 2023, Total	2,789
Total minimum lease payments	$ 4,300

Financing Activities (Details)

Financing Activities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018	May 09, 2019
Extinguishment of debt				$ 344
Extinguishment of debt cost		$ 354		354
Loss on early retirement of debt	$ 0	$ (5)	$ 0	$ (5)
Minimum [Member]
Line of Credit Facility, Current Borrowing Capacity					$ 1,500
Maximum [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 1,750

Financing Activities (Detail Of

Financing Activities (Detail Of Debt Repayments) (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
Extinguishment of debt		$ 344
Repayments of Debt	$ 39	347
8.5% Senior Debentures due 2019 [Member]
Extinguishment of debt	36	0
6.9% Senior debentures due 2029 [Member]
Extinguishment of debt	0	90
4.5% Senior notes due 2034 [Member]
Extinguishment of debt	0	80
6.7% Senior notes due 2028 [Member]
Extinguishment of debt	0	60
6.375% Senior notes due 2037 [Member]
Extinguishment of debt	0	43
6.7% Senior debentures due 2034 [Member]
Extinguishment of debt	0	28
7.0% Senior debentures due 2028 [Member]
Extinguishment of debt	0	27
6.65% Senior debentures due 2024 [Member]
Extinguishment of debt	0	11
6.9% Senior debentures due 2032 [Member]
Extinguishment of debt	0	5
9.5% Amortizing debentures due 2021 [Member]
Extinguishment of debt	2	2
9.75% Amortizing debentures due 2021 [Member]
Extinguishment of debt	$ 1	$ 1

Benefit Plans (Net Periodic Ben

Benefit Plans (Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Total Retirement Expense	$ 19	$ 15	$ 39	$ 29
Settlement charges	0	50	0	50
Nonqualified Plan [Member]
Defined contribution plans expense	1	1	2	1
Qualified Plan [Member]
Defined contribution plans expense	24	24	49	47
Pension Plan [Member]
Service cost	1	1	2	3
Interest cost	26	27	52	53
Expected return on assets	(48)	(53)	(96)	(106)
Recognition of net actuarial (gain) loss	7	8	14	16
Amortization of prior service credit	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	(14)	(17)	(28)	(34)
Supplemental Employee Retirement Plan [Member]
Service cost	0	0	0	0
Interest cost	6	5	12	11
Recognition of net actuarial (gain) loss	2	2	4	4
Amortization of prior service credit	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	8	7	16	15
Other Postretirement Benefits Plan [Member]
Service cost	0	0	0	0
Interest cost	1	1	2	2
Recognition of net actuarial (gain) loss	(2)	(1)	(3)	(2)
Amortization of prior service credit	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ (1)	$ 0	$ (1)	$ 0

Fair Value Measurements (Financ

Fair Value Measurements (Financial Assets Measured At Fair Value On A Recurring and Nonrecurring Basis) (Details) - USD ($) $ in Millions	Aug. 03, 2019	Aug. 04, 2018
Marketable equity and debt securities	$ 112	$ 96
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Marketable equity and debt securities	31	27
Significant Observable Inputs (Level 2) [Member]
Marketable equity and debt securities	81	69
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	Aug. 03, 2019	Aug. 04, 2018
Long-term debt	$ 4,742	$ 5,314
Carrying Amount
Long-term debt	4,680	5,447
Notional Amount
Long-term debt	$ 4,667	$ 5,423

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information (Condensed Consolidating Statement of Operations) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Net sales	$ 5,546	$ 5,572	$ 11,050	$ 11,112
Credit card revenues, net	176	186	348	343
Cost of sales	(3,395)	(3,320)	(6,798)	(6,701)
Selling, general and administrative expenses	(2,177)	(2,164)	(4,287)	(4,247)
Gains on sale of real estate	7	46	49	70
Impairment and other costs	(2)	(17)	(3)	(36)
Operating income (loss)	155	303	359	541
Benefit plan income, net	8	11	15	22
Settlement charges	0	(50)	0	(50)
Interest (expense) income, net
External	(47)	(62)	(94)	(128)
Interest Expense, Other	0	0	0	0
Loss on early retirement of debt	0	(5)	0	(5)
Income (Loss) from Equity Method Investments	0	0	0	0
Income (loss) before income taxes	116	197	280	380
Federal, state and local income tax expense	(30)	(33)	(57)	(84)
Net income (loss)	86	164	223	296
Net loss attributable to noncontrolling interest	0	2	0	10
Net income (loss) attributable to Macy's, Inc. shareholders	86	166	223	306
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest	91	184	234	323
Comprehensive loss attributable to noncontrolling interest	0	2	0	10
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	91	186	234	333
Parent
Net sales	0	0	0	0
Credit card revenues, net	0	0	0	0
Cost of sales	0	0	0	0
Selling, general and administrative expenses	0	0	1	0
Gains on sale of real estate	0	0	0	0
Impairment and other costs	0	0	0	0
Operating income (loss)	0	0	1	0
Benefit plan income, net	0	0	0	0
Settlement charges		(6)	0	(6)
Interest (expense) income, net
External	4	5	9	9
Interest Expense, Other	0	0	0	0
Loss on early retirement of debt		0		0
Income (Loss) from Equity Method Investments	82	167	214	304
Income (loss) before income taxes	86	166	224	307
Federal, state and local income tax expense	0	0	(1)	(1)
Net income (loss)	86	166	223	306
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	86	166	223	306
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest	91	186	234	333
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	91	186	234	333
Subsidiary Issuer
Net sales	2,219	2,072	4,373	4,081
Credit card revenues, net	(2)	3	(5)	(3)
Cost of sales	(1,341)	(1,271)	(2,682)	(2,591)
Selling, general and administrative expenses	(872)	(812)	(1,674)	(1,641)
Gains on sale of real estate	0	19	24	42
Impairment and other costs	0	2	0	2
Operating income (loss)	4	13	36	(110)
Benefit plan income, net	3	4	6	8
Settlement charges		(16)	0	(16)
Interest (expense) income, net
External	(52)	(69)	(105)	(139)
Interest Expense, Other	(18)	(17)	(37)	(36)
Loss on early retirement of debt		(5)		(5)
Income (Loss) from Equity Method Investments	(108)	8	(138)	109
Income (loss) before income taxes	(171)	(82)	(238)	(189)
Federal, state and local income tax expense	7	30	31	67
Net income (loss)	(164)	(52)	(207)	(122)
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	(164)	(52)	(207)	(122)
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(159)	(35)	(197)	(99)
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	(159)	(35)	(197)	(99)
Other Subsidiaries
Net sales	4,416	4,914	9,184	10,277
Credit card revenues, net	178	183	353	346
Cost of sales	(3,143)	(3,463)	(6,623)	(7,356)
Selling, general and administrative expenses	(1,305)	(1,352)	(2,614)	(2,606)
Gains on sale of real estate	7	27	25	28
Impairment and other costs	(2)	(19)	(3)	(38)
Operating income (loss)	151	290	322	651
Benefit plan income, net	5	7	9	14
Settlement charges		(28)	0	(28)
Interest (expense) income, net
External	1	2	2	2
Interest Expense, Other	18	17	37	36
Loss on early retirement of debt		0		0
Income (Loss) from Equity Method Investments	0	0	0	0
Income (loss) before income taxes	175	288	370	675
Federal, state and local income tax expense	(37)	(63)	(87)	(150)
Net income (loss)	138	225	283	525
Net loss attributable to noncontrolling interest	0	2	0	10
Net income (loss) attributable to Macy's, Inc. shareholders	138	227	283	535
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest	142	236	291	540
Comprehensive loss attributable to noncontrolling interest	0	2	0	10
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	142	238	291	550
Consolidation, Eliminations [Member]
Net sales	(1,089)	(1,414)	(2,507)	(3,246)
Credit card revenues, net	0	0	0	0
Cost of sales	1,089	1,414	2,507	3,246
Selling, general and administrative expenses	0	0	0	0
Gains on sale of real estate	0	0	0	0
Impairment and other costs	0	0	0	0
Operating income (loss)	0	0	0	0
Benefit plan income, net	0	0	0	0
Settlement charges		0	0	0
Interest (expense) income, net
External	0	0	0	0
Interest Expense, Other	0	0	0	0
Loss on early retirement of debt		0		0
Income (Loss) from Equity Method Investments	26	(175)	(76)	(413)
Income (loss) before income taxes	26	(175)	(76)	(413)
Federal, state and local income tax expense	0	0	0	0
Net income (loss)	26	(175)	(76)	(413)
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Macy's, Inc. shareholders	26	(175)	(76)	(413)
Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest	17	(203)	(94)	(451)
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to Macy's, Inc. shareholders	$ 17	$ (203)	$ (94)	$ (451)

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information (Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Millions	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Aug. 04, 2018	May 05, 2018	Feb. 03, 2018
Current Assets:
Cash and cash equivalents	$ 674		$ 1,162	$ 1,068
Receivables	240		400	261
Merchandise inventories	5,029		5,263	4,956
Prepaid expenses and other current assets	603		620	580
Income tax receivable	0			0
Total Current Assets	6,546		7,445	6,865
Property and Equipment - net	6,483		6,637	6,547
Right of Use Assets	2,636		0	0
Goodwill	3,908		3,908	3,908
Other Intangible Assets - net	440		478	483
Other Assets	728		726	865
Deferred Income Taxes	0		0	0
Intercompany Receivable	0		0	0
Investment in Subsidiaries	0		0	0
Total Assets	20,741		19,194	18,668
Current Liabilities:
Short-term debt	6		43	63
Merchandise accounts payable	1,674		1,655	1,795
Accounts payable and accrued liabilities	2,739		3,366	2,608
Income taxes	20		168	15
Total Current Liabilities	4,439		5,232	4,481
Long-Term Debt	4,680		4,708	5,473
Long-Term Lease Liabilities	2,836		0	0
Intercompany Payable	0		0	0
Deferred Income Taxes	1,206		1,238	1,194
Other Liabilities	1,265		1,580	1,626
Shareholders' Equity, Macy's, Inc.	6,315		6,436	5,916
Shareholders' Equity, noncontrolling interest	0		0	(22)
Total Shareholders’ Equity	6,315	$ 6,323	6,436	5,894	$ 5,801	$ 5,733
Total Liabilities and Shareholders' Equity	20,741		19,194	18,668
Parent
Current Assets:
Cash and cash equivalents	320		889	744
Receivables	1		0	1
Merchandise inventories	0		0	0
Prepaid expenses and other current assets	0		0	0
Income tax receivable	39			46
Total Current Assets	360		889	791
Property and Equipment - net	0		0	0
Right of Use Assets	0
Goodwill	0		0	0
Other Intangible Assets - net	0		0	0
Other Assets	0		0	0
Deferred Income Taxes	9		12	10
Intercompany Receivable	2,564		1,713	1,347
Investment in Subsidiaries	3,484		4,030	3,876
Total Assets	6,417		6,644	6,024
Current Liabilities:
Short-term debt	0		0	0
Merchandise accounts payable	0		0	0
Accounts payable and accrued liabilities	74		170	84
Income taxes	0		14	0
Total Current Liabilities	74		184	84
Long-Term Debt	0		0	0
Long-Term Lease Liabilities	0
Intercompany Payable	0		0	0
Deferred Income Taxes	0		0	0
Other Liabilities	28		24	24
Shareholders' Equity, Macy's, Inc.	6,315		6,436	5,916
Shareholders' Equity, noncontrolling interest	0		0	0
Total Shareholders’ Equity	6,315		6,436	5,916
Total Liabilities and Shareholders' Equity	6,417		6,644	6,024
Subsidiary Issuer
Current Assets:
Cash and cash equivalents	100		59	66
Receivables	44		68	43
Merchandise inventories	2,138		2,342	2,121
Prepaid expenses and other current assets	139		143	135
Income tax receivable	0			0
Total Current Assets	2,421		2,612	2,365
Property and Equipment - net	3,162		3,287	3,253
Right of Use Assets	660
Goodwill	3,326		3,326	3,326
Other Intangible Assets - net	4		38	41
Other Assets	39		41	89
Deferred Income Taxes	0		0	0
Intercompany Receivable	0		0	0
Investment in Subsidiaries	2,957		3,119	3,140
Total Assets	12,569		12,423	12,214
Current Liabilities:
Short-term debt	6		42	42
Merchandise accounts payable	717		713	788
Accounts payable and accrued liabilities	754		950	777
Income taxes	47		52	33
Total Current Liabilities	1,524		1,757	1,640
Long-Term Debt	4,680		4,692	5,457
Long-Term Lease Liabilities	594
Intercompany Payable	3,207		3,103	2,385
Deferred Income Taxes	643		679	588
Other Liabilities	364		406	441
Shareholders' Equity, Macy's, Inc.	1,557		1,786	1,703
Shareholders' Equity, noncontrolling interest	0		0	0
Total Shareholders’ Equity	1,557		1,786	1,703
Total Liabilities and Shareholders' Equity	12,569		12,423	12,214
Other Subsidiaries
Current Assets:
Cash and cash equivalents	254		214	258
Receivables	195		332	217
Merchandise inventories	2,891		2,921	2,835
Prepaid expenses and other current assets	464		477	445
Income tax receivable	0			0
Total Current Assets	3,804		3,944	3,755
Property and Equipment - net	3,321		3,350	3,294
Right of Use Assets	1,976
Goodwill	582		582	582
Other Intangible Assets - net	436		440	442
Other Assets	689		685	776
Deferred Income Taxes	0		0	0
Intercompany Receivable	643		1,390	1,038
Investment in Subsidiaries	0		0	0
Total Assets	11,451		10,391	9,887
Current Liabilities:
Short-term debt	0		1	21
Merchandise accounts payable	957		942	1,007
Accounts payable and accrued liabilities	1,911		2,246	1,747
Income taxes	12		102	28
Total Current Liabilities	2,880		3,291	2,803
Long-Term Debt	0		16	16
Long-Term Lease Liabilities	2,242
Intercompany Payable	0		0	0
Deferred Income Taxes	572		571	616
Other Liabilities	873		1,150	1,161
Shareholders' Equity, Macy's, Inc.	4,884		5,363	5,313
Shareholders' Equity, noncontrolling interest	0		0	(22)
Total Shareholders’ Equity	4,884		5,363	5,291
Total Liabilities and Shareholders' Equity	11,451		10,391	9,887
Consolidation, Eliminations [Member]
Current Assets:
Cash and cash equivalents	0		0	0
Receivables	0		0	0
Merchandise inventories	0		0	0
Prepaid expenses and other current assets	0		0	0
Income tax receivable	(39)			(46)
Total Current Assets	(39)		0	(46)
Property and Equipment - net	0		0	0
Right of Use Assets	0
Goodwill	0		0	0
Other Intangible Assets - net	0		0	0
Other Assets	0		0	0
Deferred Income Taxes	(9)		(12)	(10)
Intercompany Receivable	(3,207)		(3,103)	(2,385)
Investment in Subsidiaries	(6,441)		(7,149)	(7,016)
Total Assets	(9,696)		(10,264)	(9,457)
Current Liabilities:
Short-term debt	0		0	0
Merchandise accounts payable	0		0	0
Accounts payable and accrued liabilities	0		0	0
Income taxes	(39)		0	(46)
Total Current Liabilities	(39)		0	(46)
Long-Term Debt	0		0	0
Long-Term Lease Liabilities	0
Intercompany Payable	(3,207)		(3,103)	(2,385)
Deferred Income Taxes	(9)		(12)	(10)
Other Liabilities	0		0	0
Shareholders' Equity, Macy's, Inc.	(6,441)		(7,149)	(7,016)
Shareholders' Equity, noncontrolling interest	0		0	0
Total Shareholders’ Equity	(6,441)		(7,149)	(7,016)
Total Liabilities and Shareholders' Equity	$ (9,696)		$ (10,264)	$ (9,457)

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information (Condensed Consolidating Statement of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Cash flows from operating activities:
Net income (loss)	$ 86	$ 164	$ 223	$ 296
Impairment and other costs	2	17	3	36
Settlement charges	0	50	0	50
Equity in loss (earnings) of subsidiaries	0	0	0	0
Dividends received from subsidiaries			0	0
Depreciation and amortization			472	470
Gains on sale of real estate	(7)	(46)	(49)	(70)
Change in assets, liabilities and other items not separately identified			(299)	(238)
Net cash provided by operating activities			350	544
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net of dispositions			(442)	(320)
Other, net			(12)	8
Net cash used by investing activities			(454)	(312)
Cash flows from financing activities:
Debt repaid			(39)	(357)
Debt repaid, including debt issuance costs			(42)
Dividends paid			(233)	(232)
Issuance of common stock			6	38
Proceeds from noncontrolling interest			0	5
Intercompany activity, net			0	0
Other, net			(128)	(90)
Net cash provided (used) by financing activities			(397)	(636)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect			(501)	(404)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period			1,248	1,513
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	747	1,109	747	1,109
Parent
Cash flows from operating activities:
Net income (loss)	86	166	223	306
Impairment and other costs	0	0	0	0
Settlement charges		6	0	6
Equity in loss (earnings) of subsidiaries	(82)	(167)	(214)	(304)
Dividends received from subsidiaries			606	492
Depreciation and amortization			0	0
Gains on sale of real estate	0	0	0	0
Change in assets, liabilities and other items not separately identified			(52)	(154)
Net cash provided by operating activities			563	346
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net of dispositions			0	0
Other, net			0	0
Net cash used by investing activities			0	0
Cash flows from financing activities:
Debt repaid				0
Debt repaid, including debt issuance costs			0
Dividends paid			(233)	(232)
Issuance of common stock			6	38
Proceeds from noncontrolling interest				0
Intercompany activity, net			(813)	(441)
Other, net			(92)	(76)
Net cash provided (used) by financing activities			(1,132)	(711)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect			(569)	(365)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period			889	1,109
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	320	744	320	744
Subsidiary Issuer
Cash flows from operating activities:
Net income (loss)	(164)	(52)	(207)	(122)
Impairment and other costs	0	(2)	0	(2)
Settlement charges		16	0	16
Equity in loss (earnings) of subsidiaries	108	(8)	138	(109)
Dividends received from subsidiaries			0	0
Depreciation and amortization			169	165
Gains on sale of real estate	0	(19)	(24)	(42)
Change in assets, liabilities and other items not separately identified			47	298
Net cash provided by operating activities			123	204
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net of dispositions			(97)	(49)
Other, net			(11)	(15)
Net cash used by investing activities			(108)	(64)
Cash flows from financing activities:
Debt repaid				(306)
Debt repaid, including debt issuance costs			(42)
Dividends paid			0	0
Issuance of common stock			0	0
Proceeds from noncontrolling interest				0
Intercompany activity, net			93	162
Other, net			(21)	(9)
Net cash provided (used) by financing activities			30	(153)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect			45	(13)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period			64	79
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	109	66	109	66
Other Subsidiaries
Cash flows from operating activities:
Net income (loss)	138	225	283	525
Impairment and other costs	2	19	3	38
Settlement charges		28	0	28
Equity in loss (earnings) of subsidiaries	0	0	0	0
Dividends received from subsidiaries			0	0
Depreciation and amortization			303	305
Gains on sale of real estate	(7)	(27)	(25)	(28)
Change in assets, liabilities and other items not separately identified			(294)	(381)
Net cash provided by operating activities			270	487
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net of dispositions			(345)	(271)
Other, net			(1)	(28)
Net cash used by investing activities			(346)	(299)
Cash flows from financing activities:
Debt repaid				(1)
Debt repaid, including debt issuance costs			0
Dividends paid			(606)	(492)
Issuance of common stock			0	0
Proceeds from noncontrolling interest				5
Intercompany activity, net			720	279
Other, net			(15)	(5)
Net cash provided (used) by financing activities			99	(214)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect			23	(26)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period			295	325
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	318	299	318	299
Consolidating Adjustments
Cash flows from operating activities:
Net income (loss)	26	(175)	(76)	(413)
Impairment and other costs	0	0	0	0
Settlement charges		0	0	0
Equity in loss (earnings) of subsidiaries	(26)	175	76	413
Dividends received from subsidiaries			(606)	(492)
Depreciation and amortization			0	0
Gains on sale of real estate	0	0	0	0
Change in assets, liabilities and other items not separately identified			0	(1)
Net cash provided by operating activities			(606)	(493)
Cash flows from investing activities:
Purchase of property and equipment and capitalized software, net of dispositions			0	0
Other, net			0	51
Net cash used by investing activities			0	51
Cash flows from financing activities:
Debt repaid				(50)
Debt repaid, including debt issuance costs			0
Dividends paid			606	492
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			606	442
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect			0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period			0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	$ 0	$ 0	$ 0	$ 0