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Condensed Consolidating Financial Information (Tables)
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12 Months Ended |
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Jan. 31, 2015
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| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
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| Condensed Consolidating Balance Sheet |
MACY’S, INC. Condensed Consolidating Balance Sheet As of February 1, 2014 (millions) | | | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary Issuer | | Other Subsidiaries | | Consolidating Adjustments | | Consolidated | ASSETS: | | | | | | | | | | Current Assets: | | | | | | | | | | Cash and cash equivalents | $ | 1,955 |
| | $ | 84 |
| | $ | 234 |
| | $ | — |
| | $ | 2,273 |
| Receivables | — |
| | 102 |
| | 336 |
| | — |
| | 438 |
| Merchandise inventories | — |
| | 2,896 |
| | 2,661 |
| | — |
| | 5,557 |
| Prepaid expenses and other current assets | — |
| | 103 |
| | 317 |
| | — |
| | 420 |
| Income taxes | 80 |
| | — |
| | — |
| | (80 | ) | | — |
| Total Current Assets | 2,035 |
| | 3,185 |
| | 3,548 |
| | (80 | ) | | 8,688 |
| Property and Equipment – net | — |
| | 4,590 |
| | 3,340 |
| | — |
| | 7,930 |
| Goodwill | — |
| | 3,315 |
| | 428 |
| | — |
| | 3,743 |
| Other Intangible Assets – net | — |
| | 97 |
| | 430 |
| | — |
| | 527 |
| Other Assets | 4 |
| | 87 |
| | 641 |
| | — |
| | 732 |
| Deferred Income Taxes | 19 |
| | — |
| | — |
| | (19 | ) | | — |
| Intercompany Receivable | — |
| | — |
| | 3,561 |
| | (3,561 | ) | | — |
| Investment in Subsidiaries | 4,625 |
| | 3,157 |
| | — |
| | (7,782 | ) | | — |
| Total Assets | $ | 6,683 |
| | $ | 14,431 |
| | $ | 11,948 |
| | $ | (11,442 | ) | | $ | 21,620 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY: | | | | | | | | | | Current Liabilities: | | | | | | | | | | Short-term debt | $ | — |
| | $ | 461 |
| | $ | 2 |
| | $ | — |
| | $ | 463 |
| Merchandise accounts payable | — |
| | 760 |
| | 931 |
| | — |
| | 1,691 |
| Accounts payable and accrued liabilities | 10 |
| | 1,265 |
| | 1,535 |
| | — |
| | 2,810 |
| Income taxes | — |
| | 80 |
| | 362 |
| | (80 | ) | | 362 |
| Deferred income taxes | — |
| | 315 |
| | 85 |
| | — |
| | 400 |
| Total Current Liabilities | 10 |
| | 2,881 |
| | 2,915 |
| | (80 | ) | | 5,726 |
| Long-Term Debt | — |
| | 6,694 |
| | 20 |
| | — |
| | 6,714 |
| Intercompany Payable | 362 |
| | 3,199 |
| | — |
| | (3,561 | ) | | — |
| Deferred Income Taxes | — |
| | 544 |
| | 748 |
| | (19 | ) | | 1,273 |
| Other Liabilities | 62 |
| | 522 |
| | 1,074 |
| | — |
| | 1,658 |
| Shareholders’ Equity | 6,249 |
| | 591 |
| | 7,191 |
| | (7,782 | ) | | 6,249 |
| Total Liabilities and Shareholders’ Equity | $ | 6,683 |
| | $ | 14,431 |
| | $ | 11,948 |
| | $ | (11,442 | ) | | $ | 21,620 |
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MACY’S, INC. Condensed Consolidating Balance Sheet As of January 31, 2015 (millions) | | | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary Issuer | | Other Subsidiaries | | Consolidating Adjustments | | Consolidated | ASSETS: | | | | | | | | | | Current Assets: | | | | | | | | | | Cash and cash equivalents | $ | 1,908 |
| | $ | 94 |
| | $ | 244 |
| | $ | — |
| | $ | 2,246 |
| Receivables | — |
| | 97 |
| | 327 |
| | — |
| | 424 |
| Merchandise inventories | — |
| | 2,817 |
| | 2,699 |
| | — |
| | 5,516 |
| Prepaid expenses and other current assets | — |
| | 113 |
| | 380 |
| | — |
| | 493 |
| Income taxes | 88 |
| | — |
| | — |
| | (88 | ) | | — |
| Total Current Assets | 1,996 |
| | 3,121 |
| | 3,650 |
| | (88 | ) | | 8,679 |
| Property and Equipment – net | — |
| | 4,315 |
| | 3,485 |
| | — |
| | 7,800 |
| Goodwill | — |
| | 3,315 |
| | 428 |
| | — |
| | 3,743 |
| Other Intangible Assets – net | — |
| | 73 |
| | 423 |
| | — |
| | 496 |
| Other Assets | 1 |
| | 74 |
| | 668 |
| | — |
| | 743 |
| Deferred Income Taxes | 10 |
| | — |
| | — |
| | (10 | ) | | — |
| Intercompany Receivable | — |
| | — |
| | 4,140 |
| | (4,140 | ) | | — |
| Investment in Subsidiaries | 4,655 |
| | 3,526 |
| | — |
| | (8,181 | ) | | — |
| Total Assets | $ | 6,662 |
| | $ | 14,424 |
| | $ | 12,794 |
| | $ | (12,419 | ) | | $ | 21,461 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY: | | | | | | | | | | Current Liabilities: | | | | | | | | | | Short-term debt | $ | — |
| | $ | 75 |
| | $ | 1 |
| | $ | — |
| | $ | 76 |
| Merchandise accounts payable | — |
| | 784 |
| | 909 |
| | — |
| | 1,693 |
| Accounts payable and accrued liabilities | 42 |
| | 1,360 |
| | 1,707 |
| | — |
| | 3,109 |
| Income taxes | — |
| | 22 |
| | 362 |
| | (88 | ) | | 296 |
| Deferred income taxes | — |
| | 295 |
| | 67 |
| | — |
| | 362 |
| Total Current Liabilities | 42 |
| | 2,536 |
| | 3,046 |
| | (88 | ) | | 5,536 |
| Long-Term Debt | — |
| | 7,245 |
| | 20 |
| | — |
| | 7,265 |
| Intercompany Payable | 1,215 |
| | 2,925 |
| | — |
| | (4,140 | ) | | — |
| Deferred Income Taxes | — |
| | 414 |
| | 677 |
| | (10 | ) | | 1,081 |
| Other Liabilities | 27 |
| | 593 |
| | 1,581 |
| | — |
| | 2,201 |
| Shareholders’ Equity | 5,378 |
| | 711 |
| | 7,470 |
| | (8,181 | ) | | 5,378 |
| Total Liabilities and Shareholders’ Equity | $ | 6,662 |
| | $ | 14,424 |
| | $ | 12,794 |
| | $ | (12,419 | ) | | $ | 21,461 |
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| Condensed Consolidating Statement of Comprehensive Income |
MACY’S, INC. Condensed Consolidating Statement of Comprehensive Income For 2013 (millions) | | | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary Issuer | | Other Subsidiaries | | Consolidating Adjustments | | Consolidated | Net sales | $ | — |
| | $ | 13,233 |
| | $ | 23,417 |
| | $ | (8,719 | ) | | $ | 27,931 |
| Cost of sales | — |
| | (8,168 | ) | | (17,276 | ) | | 8,719 |
| | (16,725 | ) | Gross margin | — |
| | 5,065 |
| | 6,141 |
| | — |
| | 11,206 |
| Selling, general and administrative expenses | (8 | ) | | (4,443 | ) | | (3,989 | ) | | — |
| | (8,440 | ) | Impairments, store closing and other costs | — |
| | (37 | ) | | (51 | ) | | — |
| | (88 | ) | Operating income (loss) | (8 | ) | | 585 |
| | 2,101 |
| | — |
| | 2,678 |
| Interest (expense) income, net: | | | | | | | | | | External | 1 |
| | (388 | ) | | (1 | ) | | — |
| | (388 | ) | Intercompany | (2 | ) | | (176 | ) | | 178 |
| | — |
| | — |
| Equity in earnings of subsidiaries | 1,492 |
| | 557 |
| | — |
| | (2,049 | ) | | — |
| Income before income taxes | 1,483 |
| | 578 |
| | 2,278 |
| | (2,049 | ) | | 2,290 |
| Federal, state and local income
tax benefit (expense) | 3 |
| | 33 |
| | (840 | ) | | — |
| | (804 | ) | Net income | $ | 1,486 |
| | $ | 611 |
| | $ | 1,438 |
| | $ | (2,049 | ) | | $ | 1,486 |
| Comprehensive income | $ | 1,752 |
| | $ | 877 |
| | $ | 1,434 |
| | $ | (2,311 | ) | | $ | 1,752 |
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MACY’S, INC. Condensed Consolidating Statement of Comprehensive Income For 2012 (millions) | | | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary Issuer | | Other Subsidiaries | | Consolidating Adjustments | | Consolidated | Net sales | $ | — |
| | $ | 13,594 |
| | $ | 22,439 |
| | $ | (8,347 | ) | | $ | 27,686 |
| Cost of sales | — |
| | (8,385 | ) | | (16,500 | ) | | 8,347 |
| | (16,538 | ) | Gross margin | — |
| | 5,209 |
| | 5,939 |
| | — |
| | 11,148 |
| Selling, general and administrative expenses | (9 | ) | | (4,584 | ) | | (3,889 | ) | | — |
| | (8,482 | ) | Impairments, store closing and other costs | — |
| | (8 | ) | | 3 |
| | — |
| | (5 | ) | Operating income (loss) | (9 | ) | | 617 |
| | 2,053 |
| | — |
| | 2,661 |
| Interest (expense) income, net: | | | | | | | | | | External | 1 |
| | (422 | ) | | (1 | ) | | — |
| | (422 | ) | Intercompany | (2 | ) | | (146 | ) | | 148 |
| | — |
| | — |
| Premium on early retirement of debt | — |
| | (137 | ) | | — |
| | — |
| | (137 | ) | Equity in earnings of subsidiaries | 1,342 |
| | 638 |
| | — |
| | (1,980 | ) | | — |
| Income before income taxes | 1,332 |
| | 550 |
| | 2,200 |
| | (1,980 | ) | | 2,102 |
| Federal, state and local income
tax benefit (expense) | 3 |
| | 24 |
| | (794 | ) | | — |
| | (767 | ) | Net income | $ | 1,335 |
| | $ | 574 |
| | $ | 1,406 |
| | $ | (1,980 | ) | | $ | 1,335 |
| Comprehensive income | $ | 1,465 |
| | $ | 704 |
| | $ | 1,477 |
| | $ | (2,181 | ) | | $ | 1,465 |
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MACY’S, INC. Condensed Consolidating Statement of Comprehensive Income For 2014 (millions) | | | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary Issuer | | Other Subsidiaries | | Consolidating Adjustments | | Consolidated | Net sales | $ | — |
| | $ | 13,078 |
| | $ | 23,522 |
| | $ | (8,495 | ) | | $ | 28,105 |
| Cost of sales | — |
| | (8,127 | ) | | (17,231 | ) | | 8,495 |
| | (16,863 | ) | Gross margin | — |
| | 4,951 |
| | 6,291 |
| | — |
| | 11,242 |
| Selling, general and administrative expenses | (3 | ) | | (4,351 | ) | | (4,001 | ) | | — |
| | (8,355 | ) | Impairments, store closing and other costs | — |
| | (45 | ) | | (42 | ) | | — |
| | (87 | ) | Operating income (loss) | (3 | ) | | 555 |
| | 2,248 |
| | — |
| | 2,800 |
| Interest (expense) income, net: | | | | | | | | | | External | 1 |
| | (394 | ) | | — |
| | — |
| | (393 | ) | Intercompany | — |
| | (230 | ) | | 230 |
| | — |
| | — |
| Premium on early retirement of debt | — |
| | (17 | ) | | — |
| | — |
| | (17 | ) | Equity in earnings of subsidiaries | 1,528 |
| | 624 |
| | — |
| | (2,152 | ) | | — |
| Income before income taxes | 1,526 |
| | 538 |
| | 2,478 |
| | (2,152 | ) | | 2,390 |
| Federal, state and local income
tax benefit (expense) | — |
| | 25 |
| | (889 | ) | | — |
| | (864 | ) | Net income | $ | 1,526 |
| | $ | 563 |
| | $ | 1,589 |
| | $ | (2,152 | ) | | $ | 1,526 |
| Comprehensive income | $ | 1,119 |
| | $ | 156 |
| | $ | 1,338 |
| | $ | (1,494 | ) | | $ | 1,119 |
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| Condensed Consolidating Statement of Cash Flows |
MACY’S, INC. Condensed Consolidating Statement of Cash Flows For 2012 (millions) | | | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary Issuer | | Other Subsidiaries | | Consolidating Adjustments | | Consolidated | Cash flows from operating activities: | | | | | | | | | | Net income | $ | 1,335 |
| | $ | 574 |
| | $ | 1,406 |
| | $ | (1,980 | ) | | $ | 1,335 |
| Impairments, store closing and other costs | — |
| | 8 |
| | (3 | ) | | — |
| | 5 |
| Equity in earnings of subsidiaries | (1,342 | ) | | (638 | ) | | — |
| | 1,980 |
| | — |
| Dividends received from subsidiaries | 783 |
| | 125 |
| | — |
| | (908 | ) | | — |
| Depreciation and amortization | — |
| | 484 |
| | 565 |
| | — |
| | 1,049 |
| Increase in working capital | (76 | ) | | (75 | ) | | (66 | ) | | — |
| | (217 | ) | Other, net | 31 |
| | (31 | ) | | 7 |
| | — |
| | 7 |
| Net cash provided by
operating activities | 731 |
| | 447 |
| | 1,909 |
| | (908 | ) | | 2,179 |
| Cash flows from investing activities: | | | | | | | | | | Purchase of property and equipment and capitalized software, net | — |
| | (324 | ) | | (552 | ) | | — |
| | (876 | ) | Other, net | — |
| | 51 |
| | 44 |
| | — |
| | 95 |
| Net cash used by
investing activities | — |
| | (273 | ) | | (508 | ) | | — |
| | (781 | ) | Cash flows from financing activities: | | | | | | | | | | Debt repaid, net of debt issued | — |
| | (799 | ) | | (4 | ) | | — |
| | (803 | ) | Dividends paid | (324 | ) | | — |
| | (908 | ) | | 908 |
| | (324 | ) | Common stock acquired, net of
issuance of common stock | (1,163 | ) | | — |
| | — |
| | — |
| | (1,163 | ) | Intercompany activity, net | (194 | ) | | 642 |
| | (448 | ) | | — |
| | — |
| Other, net | (45 | ) | | (14 | ) | | (40 | ) | | — |
| | (99 | ) | Net cash used by
financing activities | (1,726 | ) | | (171 | ) | | (1,400 | ) | | 908 |
| | (2,389 | ) | Net increase (decrease) in cash
and cash equivalents | (995 | ) | | 3 |
| | 1 |
| | — |
| | (991 | ) | Cash and cash equivalents at
beginning of period | 2,533 |
| | 38 |
| | 256 |
| | — |
| | 2,827 |
| Cash and cash equivalents at
end of period | $ | 1,538 |
| | $ | 41 |
| | $ | 257 |
| | $ | — |
| | $ | 1,836 |
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MACY’S, INC. Condensed Consolidating Statement of Cash Flows For 2014 (millions) | | | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary Issuer | | Other Subsidiaries | | Consolidating Adjustments | | Consolidated | Cash flows from operating activities: | | | | | | | | | | Net income | $ | 1,526 |
| | $ | 563 |
| | $ | 1,589 |
| | $ | (2,152 | ) | | $ | 1,526 |
| Impairments, store closing and other costs | — |
| | 45 |
| | 42 |
| | — |
| | 87 |
| Equity in earnings of subsidiaries | (1,528 | ) | | (624 | ) | | — |
| | 2,152 |
| | — |
| Dividends received from subsidiaries | 1,088 |
| | 1 |
| | — |
| | (1,089 | ) | | — |
| Depreciation and amortization | — |
| | 454 |
| | 582 |
| | — |
| | 1,036 |
| (Increase) decrease in working capital | 9 |
| | 74 |
| | (69 | ) | | — |
| | 14 |
| Other, net | (20 | ) | | (177 | ) | | 243 |
| | — |
| | 46 |
| Net cash provided by
operating activities | 1,075 |
| | 336 |
| | 2,387 |
| | (1,089 | ) | | 2,709 |
| Cash flows from investing activities: | | | | | | | | | | Purchase of property and equipment and capitalized software, net | — |
| | (260 | ) | | (636 | ) | | — |
| | (896 | ) | Other, net | — |
| | (12 | ) | | (62 | ) | | — |
| | (74 | ) | Net cash used by investing activities | — |
| | (272 | ) | | (698 | ) | | — |
| | (970 | ) | Cash flows from financing activities: | | | | | | | | | | Debt issued, net of debt repaid | — |
| | 177 |
| | (3 | ) | | — |
| | 174 |
| Dividends paid | (421 | ) | | — |
| | (1,089 | ) | | 1,089 |
| | (421 | ) | Common stock acquired, net of
issuance of common stock | (1,643 | ) | | — |
| | — |
| | — |
| | (1,643 | ) | Intercompany activity, net | 927 |
| | (283 | ) | | (644 | ) | | — |
| | — |
| Other, net | 15 |
| | 52 |
| | 57 |
| | — |
| | 124 |
| Net cash used by financing activities | (1,122 | ) | | (54 | ) | | (1,679 | ) | | 1,089 |
| | (1,766 | ) | Net increase (decrease) in cash
and cash equivalents | (47 | ) | | 10 |
| | 10 |
| | — |
| | (27 | ) | Cash and cash equivalents at
beginning of period | 1,955 |
| | 84 |
| | 234 |
| | — |
| | 2,273 |
| Cash and cash equivalents at
end of period | $ | 1,908 |
| | $ | 94 |
| | $ | 244 |
| | $ | — |
| | $ | 2,246 |
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MACY’S, INC. Condensed Consolidating Statement of Cash Flows For 2013 (millions) | | | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary Issuer | | Other Subsidiaries | | Consolidating Adjustments | | Consolidated | Cash flows from operating activities: | | | | | | | | | | Net income | $ | 1,486 |
| | $ | 611 |
| | $ | 1,438 |
| | $ | (2,049 | ) | | $ | 1,486 |
| Impairments, store closing and other costs | — |
| | 37 |
| | 51 |
| | — |
| | 88 |
| Equity in earnings of subsidiaries | (1,492 | ) | | (557 | ) | | — |
| | 2,049 |
| | — |
| Dividends received from subsidiaries | 911 |
| | 4 |
| | — |
| | (915 | ) | | — |
| Depreciation and amortization | — |
| | 467 |
| | 553 |
| | — |
| | 1,020 |
| (Increase) decrease in working capital | (54 | ) | | 12 |
| | (111 | ) | | — |
| | (153 | ) | Other, net | (25 | ) | | 158 |
| | (25 | ) | | — |
| | 108 |
| Net cash provided by
operating activities | 826 |
| | 732 |
| | 1,906 |
| | (915 | ) | | 2,549 |
| Cash flows from investing activities: | | | | | | | | | | Purchase of property and equipment and capitalized software, net | — |
| | (289 | ) | | (442 | ) | | — |
| | (731 | ) | Other, net | — |
| | (6 | ) | | (51 | ) | | — |
| | (57 | ) | Net cash used by
investing activities | — |
| | (295 | ) | | (493 | ) | | — |
| | (788 | ) | Cash flows from financing activities: | | | | | | | | | | Debt issued, net of debt repaid | — |
| | 278 |
| | (2 | ) | | — |
| | 276 |
| Dividends paid | (359 | ) | | — |
| | (915 | ) | | 915 |
| | (359 | ) | Common stock acquired, net of
issuance of common stock | (1,256 | ) | | — |
| | — |
| | — |
| | (1,256 | ) | Intercompany activity, net | 1,310 |
| | (728 | ) | | (582 | ) | | — |
| | — |
| Other, net | (104 | ) | | 56 |
| | 63 |
| | — |
| | 15 |
| Net cash used by financing activities | (409 | ) | | (394 | ) | | (1,436 | ) | | 915 |
| | (1,324 | ) | Net increase (decrease) in
cash and cash equivalents | 417 |
| | 43 |
| | (23 | ) | | — |
| | 437 |
| Cash and cash equivalents at
beginning of period | 1,538 |
| | 41 |
| | 257 |
| | — |
| | 1,836 |
| Cash and cash equivalents at
end of period | $ | 1,955 |
| | $ | 84 |
| | $ | 234 |
| | $ | — |
| | $ | 2,273 |
|
|