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Condensed Consolidating Financial Information (Tables) | 6 Months Ended
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Jul. 29, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Balance Sheet [Table Text Block] | Condensed Consolidating Balance Sheet As of July 29, 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 421 |  |  | $ | 78 |  |  | $ | 284 |  |  | $ | — |  |  | $ | 783 |
Receivables | — |  |  | 132 |  |  | 250 |  |  | — |  |  | 382 |
Merchandise inventories | — |  |  | 2,236 |  |  | 2,744 |  |  | — |  |  | 4,980 |
Prepaid expenses and other current assets | — |  |  | 82 |  |  | 330 |  |  | — |  |  | 412 |
Total Current Assets | 421 |  |  | 2,528 |  |  | 3,608 |  |  | — |  |  | 6,557 |
Property and Equipment – net | — |  |  | 3,202 |  |  | 3,620 |  |  | — |  |  | 6,822 |
Goodwill | — |  |  | 3,315 |  |  | 582 |  |  | — |  |  | 3,897 |
Other Intangible Assets – net | — |  |  | 47 |  |  | 446 |  |  | — |  |  | 493 |
Other Assets | 1 |  |  | 53 |  |  | 756 |  |  | — |  |  | 810 |
Deferred Income Taxes | 25 |  |  | — |  |  | — |  |  | (25 | ) |  | — |
Intercompany Receivable | 1,011 |  |  | — |  |  | 2,065 |  |  | (3,076 | ) |  | — |
Investment in Subsidiaries | 3,054 |  |  | 3,690 |  |  | — |  |  | (6,744 | ) |  | — |
Total Assets | $ | 4,512 |  |  | $ | 12,835 |  |  | $ | 11,077 |  |  | $ | (9,845 | ) |  | $ | 18,579 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 6 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 16 |
Merchandise accounts payable | — |  |  | 698 |  |  | 971 |  |  | — |  |  | 1,669 |
Accounts payable and accrued liabilities | 24 |  |  | 900 |  |  | 1,949 |  |  | — |  |  | 2,873 |
Income taxes | 28 |  |  | 2 |  |  | 22 |  |  | — |  |  | 52 |
Total Current Liabilities | 52 |  |  | 1,606 |  |  | 2,952 |  |  | — |  |  | 4,610 |
Long-Term Debt | — |  |  | 6,284 |  |  | 17 |  |  | — |  |  | 6,301 |
Intercompany Payable | — |  |  | 3,076 |  |  | — |  |  | (3,076 | ) |  | — |
Deferred Income Taxes | — |  |  | 720 |  |  | 817 |  |  | (25 | ) |  | 1,512 |
Other Liabilities | 72 |  |  | 425 |  |  | 1,276 |  |  | — |  |  | 1,773 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 4,388 |  |  | 724 |  |  | 6,020 |  |  | (6,744 | ) |  | 4,388 |
Noncontrolling Interest | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Total Shareholders' Equity | 4,388 |  |  | 724 |  |  | 6,015 |  |  | (6,744 | ) |  | 4,383 |
Total Liabilities and Shareholders' Equity | $ | 4,512 |  |  | $ | 12,835 |  |  | $ | 11,077 |  |  | $ | (9,845 | ) |  | $ | 18,579 |
Condensed Consolidating Balance Sheet As of July 30, 2016 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 621 |  |  | $ | 89 |  |  | $ | 290 |  |  | $ | — |  |  | $ | 1,000 |
Receivables | — |  |  | 146 |  |  | 277 |  |  | — |  |  | 423 |
Merchandise inventories | — |  |  | 2,500 |  |  | 2,822 |  |  | — |  |  | 5,322 |
Income tax receivable | 8 |  |  | 11 |  |  | — |  |  | (19 | ) |  | — |
Prepaid expenses and other current assets | — |  |  | 84 |  |  | 387 |  |  | — |  |  | 471 |
Total Current Assets | 629 |  |  | 2,830 |  |  | 3,776 |  |  | (19 | ) |  | 7,216 |
Property and Equipment – net | — |  |  | 3,586 |  |  | 3,601 |  |  | — |  |  | 7,187 |
Goodwill | — |  |  | 3,315 |  |  | 582 |  |  | — |  |  | 3,897 |
Other Intangible Assets – net | — |  |  | 49 |  |  | 453 |  |  | — |  |  | 502 |
Other Assets | — |  |  | 155 |  |  | 749 |  |  | — |  |  | 904 |
Deferred Income Taxes | 23 |  |  | — |  |  | — |  |  | (23 | ) |  | — |
Intercompany Receivable | — |  |  | — |  |  | 2,710 |  |  | (2,710 | ) |  | — |
Investment in Subsidiaries | 4,524 |  |  | 3,247 |  |  | — |  |  | (7,771 | ) |  | — |
Total Assets | $ | 5,176 |  |  | $ | 13,182 |  |  | $ | 11,871 |  |  | $ | (10,523 | ) |  | $ | 19,706 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 1,062 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1,063 |
Merchandise accounts payable | — |  |  | 825 |  |  | 1,052 |  |  | — |  |  | 1,877 |
Accounts payable and accrued liabilities | 29 |  |  | 1,380 |  |  | 1,105 |  |  | — |  |  | 2,514 |
Income taxes | — |  |  | — |  |  | 42 |  |  | (19 | ) |  | 23 |
Total Current Liabilities | 29 |  |  | 3,267 |  |  | 2,200 |  |  | (19 | ) |  | 5,477 |
Long-Term Debt | — |  |  | 6,549 |  |  | 18 |  |  | — |  |  | 6,567 |
Intercompany Payable | 1,043 |  |  | 1,667 |  |  | — |  |  | (2,710 | ) |  | — |
Deferred Income Taxes | — |  |  | 653 |  |  | 818 |  |  | (23 | ) |  | 1,448 |
Other Liabilities | 58 |  |  | 573 |  |  | 1,533 |  |  | — |  |  | 2,164 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 4,046 |  |  | 473 |  |  | 7,298 |  |  | (7,771 | ) |  | 4,046 |
Noncontrolling Interest | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Total Shareholders' Equity | 4,046 |  |  | 473 |  |  | 7,302 |  |  | (7,771 | ) |  | 4,050 |
Total Liabilities and Shareholders' Equity | $ | 5,176 |  |  | $ | 13,182 |  |  | $ | 11,871 |  |  | $ | (10,523 | ) |  | $ | 19,706 |
Condensed Consolidating Balance Sheet As of January 28, 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 938 |  |  | $ | 81 |  |  | $ | 278 |  |  | $ | — |  |  | $ | 1,297 |
Receivables | — |  |  | 169 |  |  | 353 |  |  | — |  |  | 522 |
Merchandise inventories | — |  |  | 2,565 |  |  | 2,834 |  |  | — |  |  | 5,399 |
Prepaid expenses and other current assets | — |  |  | 84 |  |  | 324 |  |  | — |  |  | 408 |
Total Current Assets | 938 |  |  | 2,899 |  |  | 3,789 |  |  | — |  |  | 7,626 |
Property and Equipment – net | — |  |  | 3,397 |  |  | 3,620 |  |  | — |  |  | 7,017 |
Goodwill | — |  |  | 3,315 |  |  | 582 |  |  | — |  |  | 3,897 |
Other Intangible Assets – net | — |  |  | 51 |  |  | 447 |  |  | — |  |  | 498 |
Other Assets | — |  |  | 47 |  |  | 766 |  |  | — |  |  | 813 |
Deferred Income Taxes | 26 |  |  | — |  |  | — |  |  | (26 | ) |  | — |
Intercompany Receivable | 375 |  |  | — |  |  | 2,428 |  |  | (2,803 | ) |  | — |
Investment in Subsidiaries | 3,137 |  |  | 3,540 |  |  | — |  |  | (6,677 | ) |  | — |
Total Assets | $ | 4,476 |  |  | $ | 13,249 |  |  | $ | 11,632 |  |  | $ | (9,506 | ) |  | $ | 19,851 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 306 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 309 |
Merchandise accounts payable | — |  |  | 590 |  |  | 833 |  |  | — |  |  | 1,423 |
Accounts payable and accrued liabilities | 16 |  |  | 1,064 |  |  | 2,483 |  |  | — |  |  | 3,563 |
Income taxes | 71 |  |  | 16 |  |  | 265 |  |  | — |  |  | 352 |
Total Current Liabilities | 87 |  |  | 1,976 |  |  | 3,584 |  |  | — |  |  | 5,647 |
Long-Term Debt | — |  |  | 6,544 |  |  | 18 |  |  | — |  |  | 6,562 |
Intercompany Payable | — |  |  | 2,803 |  |  | — |  |  | (2,803 | ) |  | — |
Deferred Income Taxes | — |  |  | 688 |  |  | 781 |  |  | (26 | ) |  | 1,443 |
Other Liabilities | 66 |  |  | 500 |  |  | 1,311 |  |  | — |  |  | 1,877 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 4,323 |  |  | 738 |  |  | 5,939 |  |  | (6,677 | ) |  | 4,323 |
Noncontrolling Interest | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Total Shareholders' Equity | 4,323 |  |  | 738 |  |  | 5,938 |  |  | (6,677 | ) |  | 4,322 |
Total Liabilities and Shareholders' Equity | $ | 4,476 |  |  | $ | 13,249 |  |  | $ | 11,632 |  |  | $ | (9,506 | ) |  | $ | 19,851 |
Condensed Consolidating Statement of Cash Flows [Table Text Block] | Condensed Consolidating Statement of Cash Flows For the 26 Weeks Ended July 29, 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 187 |  |  | $ | (158 | ) |  | $ | 370 |  |  | $ | (216 | ) |  | $ | 183 |
Settlement charges | — |  |  | 17 |  |  | 34 |  |  | — |  |  | 51 |
Equity in earnings of subsidiaries | (186 | ) |  | (30 | ) |  | — |  |  | 216 |  |  | — |
Dividends received from subsidiaries | 340 |  |  | — |  |  | — |  |  | (340 | ) |  | — |
Depreciation and amortization | — |  |  | 178 |  |  | 309 |  |  | — |  |  | 487 |
(Increase) decrease in working capital | (46 | ) |  | 262 |  |  | (382 | ) |  | — |  |  | (166 | )
Other, net | 12 |  |  | (29 | ) |  | (2 | ) |  | — |  |  | (19 | )
Net cash provided by operating activities | 307 |  |  | 240 |  |  | 329 |  |  | (340 | ) |  | 536 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of property and equipment and capitalized software, net | — |  |  | 85 |  |  | (307 | ) |  | — |  |  | (222 | )
Other, net | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Net cash provided (used) by investing activities | — |  |  | 85 |  |  | (298 | ) |  | — |  |  | (213 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Debt repaid | — |  |  | (550 | ) |  | — |  |  | — |  |  | (550 | )
Dividends paid | (230 | ) |  | — |  |  | (340 | ) |  | 340 |  |  | (230 | )
Common stock acquired, net of issuance of common stock | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Proceeds from noncontrolling interest | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Intercompany activity, net | (605 | ) |  | 259 |  |  | 346 |  |  | — |  |  | — |
Other, net | 10 |  |  | (37 | ) |  | (37 | ) |  | — |  |  | (64 | )
Net cash used by financing activities | (824 | ) |  | (328 | ) |  | (25 | ) |  | 340 |  |  | (837 | )
Net increase (decrease) in cash and cash equivalents | (517 | ) |  | (3 | ) |  | 6 |  |  | — |  |  | (514 | )
Cash and cash equivalents at beginning of period | 938 |  |  | 81 |  |  | 278 |  |  | — |  |  | 1,297 |
Cash and cash equivalents at end of period | $ | 421 |  |  | $ | 78 |  |  | $ | 284 |  |  | $ | — |  |  | $ | 783 |
Condensed Consolidating Statement of Cash Flows For the 26 Weeks Ended July 30, 2016 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 127 |  |  | $ | (295 | ) |  | $ | 451 |  |  | $ | (159 | ) |  | $ | 124 |
Impairments and other costs | — |  |  | 184 |  |  | 65 |  |  | — |  |  | 249 |
Settlement charges | — |  |  | 5 |  |  | 14 |  |  | — |  |  | 19 |
Equity in earnings of subsidiaries | (127 | ) |  | (32 | ) |  | — |  |  | 159 |  |  | — |
Dividends received from subsidiaries | 303 |  |  | 575 |  |  | — |  |  | (878 | ) |  | — |
Depreciation and amortization | — |  |  | 205 |  |  | 315 |  |  | — |  |  | 520 |
(Increase) decrease in working capital | 32 |  |  | 367 |  |  | (722 | ) |  | — |  |  | (323 | )
Other, net | 17 |  |  | (37 | ) |  | (9 | ) |  | — |  |  | (29 | )
Net cash provided by operating activities | 352 |  |  | 972 |  |  | 114 |  |  | (878 | ) |  | 560 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of property and equipment and capitalized software, net | — |  |  | (50 | ) |  | (327 | ) |  | — |  |  | (377 | )
Other, net | — |  |  | 43 |  |  | (4 | ) |  | — |  |  | 39 |
Net cash used by investing activities | — |  |  | (7 | ) |  | (331 | ) |  | — |  |  | (338 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Debt repaid | — |  |  | (3 | ) |  | — |  |  | — |  |  | (3 | )
Dividends paid | (228 | ) |  | — |  |  | (878 | ) |  | 878 |  |  | (228 | )
Common stock acquired, net of issuance of common stock | (103 | ) |  | — |  |  | — |  |  | — |  |  | (103 | )
Proceeds from noncontrolling interest | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Intercompany activity, net | (139 | ) |  | (937 | ) |  | 1,076 |  |  | — |  |  | — |
Other, net | (2 | ) |  | (27 | ) |  | 28 |  |  | — |  |  | (1 | )
Net cash provided (used) by financing activities | (472 | ) |  | (967 | ) |  | 230 |  |  | 878 |  |  | (331 | )
Net increase (decrease) in cash and cash equivalents | (120 | ) |  | (2 | ) |  | 13 |  |  | — |  |  | (109 | )
Cash and cash equivalents at beginning of period | 741 |  |  | 91 |  |  | 277 |  |  | — |  |  | 1,109 |
Cash and cash equivalents at end of period | $ | 621 |  |  | $ | 89 |  |  | $ | 290 |  |  | $ | — |  |  | $ | 1,000 |
Condensed Consolidating Statement of Comprehensive Income [Table Text Block] | Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended July 29, 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 2,186 |  |  | $ | 4,739 |  |  | $ | (1,373 | ) |  | $ | 5,552 |
Cost of sales | — |  |  | (1,356 | ) |  | (3,330 | ) |  | 1,373 |  |  | (3,313 | )
Gross margin | — |  |  | 830 |  |  | 1,409 |  |  | — |  |  | 2,239 |
Selling, general and administrative expenses | — |  |  | (848 | ) |  | (1,129 | ) |  | — |  |  | (1,977 | )
Gains on sale of real estate | — |  |  | 26 |  |  | 17 |  |  | — |  |  | 43 |
Settlement charges | — |  |  | (17 | ) |  | (34 | ) |  | — |  |  | (51 | )
Operating income (loss) | — |  |  | (9 | ) |  | 263 |  |  | — |  |  | 254 |
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 2 |  |  | (82 | ) |  | 1 |  |  | — |  |  | (79 | )
Intercompany | — |  |  | (34 | ) |  | 34 |  |  | — |  |  | — |
Net premiums on early retirement of debt | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Equity in earnings of subsidiaries | 114 |  |  | 39 |  |  | — |  |  | (153 | ) |  | — |
Income (loss) before income taxes | 116 |  |  | (84 | ) |  | 298 |  |  | (153 | ) |  | 177 |
Federal, state and local income tax benefit (expense) | — |  |  | 52 |  |  | (116 | ) |  | — |  |  | (64 | )
Net income (loss) | 116 |  |  | (32 | ) |  | 182 |  |  | (153 | ) |  | 113 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 116 |  |  | $ | (32 | ) |  | $ | 185 |  |  | $ | (153 | ) |  | $ | 116 |
Comprehensive income (loss) | $ | 181 |  |  | $ | 29 |  |  | $ | 226 |  |  | $ | (258 | ) |  | $ | 178 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 181 |  |  | $ | 29 |  |  | $ | 229 |  |  | $ | (258 | ) |  | $ | 181 |
Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended July 30, 2016 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 2,494 |  |  | $ | 4,989 |  |  | $ | (1,617 | ) |  | $ | 5,866 |
Cost of sales | — |  |  | (1,523 | ) |  | (3,562 | ) |  | 1,617 |  |  | (3,468 | )
Gross margin | — |  |  | 971 |  |  | 1,427 |  |  | — |  |  | 2,398 |
Selling, general and administrative expenses | — |  |  | (957 | ) |  | (1,090 | ) |  | — |  |  | (2,047 | )
Gains on sale of real estate | — |  |  | 16 |  |  | 5 |  |  | — |  |  | 21 |
Impairments and other costs | — |  |  | (184 | ) |  | (65 | ) |  | — |  |  | (249 | )
Settlement charges | — |  |  | (2 | ) |  | (4 | ) |  | — |  |  | (6 | )
Operating income (loss) | — |  |  | (156 | ) |  | 273 |  |  | — |  |  | 117 |
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | — |  |  | (97 | ) |  | — |  |  | — |  |  | (97 | )
Intercompany | — |  |  | (57 | ) |  | 57 |  |  | — |  |  | — |
Equity in earnings of subsidiaries | 11 |  |  | 22 |  |  | — |  |  | (33 | ) |  | — |
Income (loss) before income taxes | 11 |  |  | (288 | ) |  | 330 |  |  | (33 | ) |  | 20 |
Federal, state and local income tax benefit (expense) | — |  |  | 114 |  |  | (125 | ) |  | — |  |  | (11 | )
Net income (loss) | 11 |  |  | (174 | ) |  | 205 |  |  | (33 | ) |  | 9 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 11 |  |  | $ | (174 | ) |  | $ | 207 |  |  | $ | (33 | ) |  | $ | 11 |
Comprehensive income (loss) | $ | (6 | ) |  | $ | (191 | ) |  | $ | 195 |  |  | $ | (6 | ) |  | $ | (8 | )
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | (6 | ) |  | $ | (191 | ) |  | $ | 197 |  |  | $ | (6 | ) |  | $ | (6 | )
Condensed Consolidating Statement of Comprehensive Income For the 26 weeks ended July 29, 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 4,242 |  |  | $ | 9,866 |  |  | $ | (3,218 | ) |  | $ | 10,890 |
Cost of sales | — |  |  | (2,735 | ) |  | (7,102 | ) |  | 3,218 |  |  | (6,619 | )
Gross margin | — |  |  | 1,507 |  |  | 2,764 |  |  | — |  |  | 4,271 |
Selling, general and administrative expenses | (1 | ) |  | (1,617 | ) |  | (2,239 | ) |  | — |  |  | (3,857 | )
Gains on sale of real estate | — |  |  | 92 |  |  | 19 |  |  | — |  |  | 111 |
Settlement charges | — |  |  | (17 | ) |  | (34 | ) |  | — |  |  | (51 | )
Operating income (loss) | (1 | ) |  | (35 | ) |  | 510 |  |  | — |  |  | 474 |
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 3 |  |  | (167 | ) |  | 1 |  |  | — |  |  | (163 | )
Intercompany | — |  |  | (69 | ) |  | 69 |  |  | — |  |  | — |
Net premiums on early retirement of debt | — |  |  | (1 | ) |  | — |  |  | — |  |  | (1 | )
Equity in earnings of subsidiaries | 186 |  |  | 30 |  |  | — |  |  | (216 | ) |  | — |
Income (loss) before income taxes | 188 |  |  | (242 | ) |  | 580 |  |  | (216 | ) |  | 310 |
Federal, state and local income tax benefit (expense) | (1 | ) |  | 84 |  |  | (210 | ) |  | — |  |  | (127 | )
Net income (loss) | 187 |  |  | (158 | ) |  | 370 |  |  | (216 | ) |  | 183 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 187 |  |  | $ | (158 | ) |  | $ | 374 |  |  | $ | (216 | ) |  | $ | 187 |
Comprehensive income (loss) | $ | 258 |  |  | $ | (91 | ) |  | $ | 417 |  |  | $ | (330 | ) |  | $ | 254 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 258 |  |  | $ | (91 | ) |  | $ | 421 |  |  | $ | (330 | ) |  | $ | 258 |
Condensed Consolidating Statement of Comprehensive Income For the 26 weeks ended July 30, 2016 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 4,948 |  |  | $ | 10,363 |  |  | $ | (3,674 | ) |  | $ | 11,637 |
Cost of sales | — |  |  | (3,127 | ) |  | (7,531 | ) |  | 3,674 |  |  | (6,984 | )
Gross margin | — |  |  | 1,821 |  |  | 2,832 |  |  | — |  |  | 4,653 |
Selling, general and administrative expenses | (1 | ) |  | (1,853 | ) |  | (2,173 | ) |  | — |  |  | (4,027 | )
Gains on sale of real estate | — |  |  | 30 |  |  | 5 |  |  | — |  |  | 35 |
Impairments and other costs | — |  |  | (184 | ) |  | (65 | ) |  | — |  |  | (249 | )
Settlement charges | — |  |  | (5 | ) |  | (14 | ) |  | — |  |  | (19 | )
Operating income (loss) | (1 | ) |  | (191 | ) |  | 585 |  |  | — |  |  | 393 |
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 1 |  |  | (196 | ) |  | — |  |  | — |  |  | (195 | )
Intercompany | — |  |  | (115 | ) |  | 115 |  |  | — |  |  | — |
Equity in earnings of subsidiaries | 127 |  |  | 32 |  |  | — |  |  | (159 | ) |  | — |
Income (loss) before income taxes | 127 |  |  | (470 | ) |  | 700 |  |  | (159 | ) |  | 198 |
Federal, state and local income tax benefit (expense) | — |  |  | 175 |  |  | (249 | ) |  | — |  |  | (74 | )
Net income (loss) | 127 |  |  | (295 | ) |  | 451 |  |  | (159 | ) |  | 124 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 127 |  |  | $ | (295 | ) |  | $ | 454 |  |  | $ | (159 | ) |  | $ | 127 |
Comprehensive income (loss) | $ | 102 |  |  | $ | (320 | ) |  | $ | 436 |  |  | $ | (119 | ) |  | $ | 99 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 102 |  |  | $ | (320 | ) |  | $ | 439 |  |  | $ | (119 | ) |  | $ | 102 |

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