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Quarterly Results (unaudited) (Tables) | 12 Months Ended
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Jan. 28, 2017
Quarterly Financial Data [Abstract] |
Unaudited Quarterly Results for the Last Two Years | Unaudited quarterly results for the last two years were as follows:
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
| (millions, except per share data)
2016: |  |  |  |  |  |  |
Net sales | $ | 5,771 |  |  | $ | 5,866 |  |  | $ | 5,626 |  |  | $ | 8,515 |
Cost of sales | (3,516 | ) |  | (3,468 | ) |  | (3,386 | ) |  | (5,251 | )
Gross margin | 2,255 |  |  | 2,398 |  |  | 2,240 |  |  | 3,264 |
Selling, general and administrative expenses | (1,966 | ) |  | (2,026 | ) |  | (2,071 | ) |  | (2,202 | )
Impairments, store closing and other costs | — |  |  | (249 | ) |  | — |  |  | (230 | )
Settlement charges | (13 | ) |  | (6 | ) |  | (62 | ) |  | (17 | )
Net income attributable to Macy's, Inc. shareholders | 116 |  |  | 11 |  |  | 17 |  |  | 475 |
Basic earnings per share attributable to Macy's, Inc. shareholders | .37 |  |  | .03 |  |  | .05 |  |  | 1.56 |
Diluted earnings per share attributable to Macy's, Inc. shareholders | .37 |  |  | .03 |  |  | .05 |  |  | 1.54 |
2015: |  |  |  |  |  |  |
Net sales | $ | 6,232 |  |  | $ | 6,104 |  |  | $ | 5,874 |  |  | $ | 8,869 |
Cost of sales | (3,800 | ) |  | (3,610 | ) |  | (3,537 | ) |  | (5,549 | )
Gross margin | 2,432 |  |  | 2,494 |  |  | 2,337 |  |  | 3,320 |
Selling, general and administrative expenses | (2,023 | ) |  | (2,058 | ) |  | (1,968 | ) |  | (2,207 | )
Impairments, store closing and other costs | — |  |  | — |  |  | (111 | ) |  | (177 | )
Net income attributable to Macy's, Inc. shareholders | 193 |  |  | 217 |  |  | 118 |  |  | 544 |
Basic earnings per share attributable to Macy's, Inc. shareholders | .57 |  |  | .65 |  |  | .36 |  |  | 1.74 |
Diluted earnings per share attributable to Macy's, Inc. shareholders | .56 |  |  | .64 |  |  | .36 |  |  | 1.73 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1280-108306 + Details
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