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Condensed Consolidating Financial Information (Tables) | 9 Months Ended
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Oct. 28, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Balance Sheet [Table Text Block] | Condensed Consolidating Balance Sheet As of October 28, 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 116 |  |  | $ | 89 |  |  | $ | 329 |  |  | $ | — |  |  | $ | 534 |
Receivables | — |  |  | 67 |  |  | 152 |  |  | — |  |  | 219 |
Merchandise inventories | — |  |  | 3,218 |  |  | 3,847 |  |  | — |  |  | 7,065 |
Income tax receivable | — |  |  | 2 |  |  | — |  |  | (2 | ) |  | — |
Prepaid expenses and other current assets | — |  |  | 86 |  |  | 346 |  |  | — |  |  | 432 |
Total Current Assets | 116 |  |  | 3,462 |  |  | 4,674 |  |  | (2 | ) |  | 8,250 |
Property and Equipment – net | — |  |  | 3,184 |  |  | 3,558 |  |  | — |  |  | 6,742 |
Goodwill | — |  |  | 3,315 |  |  | 582 |  |  | — |  |  | 3,897 |
Other Intangible Assets – net | — |  |  | 46 |  |  | 445 |  |  | — |  |  | 491 |
Other Assets | 1 |  |  | 62 |  |  | 772 |  |  | — |  |  | 835 |
Deferred Income Taxes | 26 |  |  | — |  |  | — |  |  | (26 | ) |  | — |
Intercompany Receivable | 1,436 |  |  | — |  |  | 1,971 |  |  | (3,407 | ) |  | — |
Investment in Subsidiaries | 2,882 |  |  | 3,644 |  |  | — |  |  | (6,526 | ) |  | — |
Total Assets | $ | 4,461 |  |  | $ | 13,713 |  |  | $ | 12,002 |  |  | $ | (9,961 | ) |  | $ | 20,215 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 6 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 22 |
Merchandise accounts payable | — |  |  | 1,339 |  |  | 1,834 |  |  | — |  |  | 3,173 |
Accounts payable and accrued liabilities | 139 |  |  | 975 |  |  | 2,048 |  |  | — |  |  | 3,162 |
Income taxes | 20 |  |  | — |  |  | 16 |  |  | (2 | ) |  | 34 |
Total Current Liabilities | 159 |  |  | 2,320 |  |  | 3,914 |  |  | (2 | ) |  | 6,391 |
Long-Term Debt | — |  |  | 6,280 |  |  | 17 |  |  | — |  |  | 6,297 |
Intercompany Payable | — |  |  | 3,407 |  |  | — |  |  | (3,407 | ) |  | — |
Deferred Income Taxes | — |  |  | 707 |  |  | 872 |  |  | (26 | ) |  | 1,553 |
Other Liabilities | 71 |  |  | 476 |  |  | 1,203 |  |  | — |  |  | 1,750 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 4,231 |  |  | 523 |  |  | 6,003 |  |  | (6,526 | ) |  | 4,231 |
Noncontrolling Interest | — |  |  | — |  |  | (7 | ) |  | — |  |  | (7 | )
Total Shareholders' Equity | 4,231 |  |  | 523 |  |  | 5,996 |  |  | (6,526 | ) |  | 4,224 |
Total Liabilities and Shareholders' Equity | $ | 4,461 |  |  | $ | 13,713 |  |  | $ | 12,002 |  |  | $ | (9,961 | ) |  | $ | 20,215 |
Condensed Consolidating Balance Sheet As of October 29, 2016 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 60 |  |  | $ | 99 |  |  | $ | 298 |  |  | $ | — |  |  | $ | 457 |
Receivables | — |  |  | 74 |  |  | 188 |  |  | — |  |  | 262 |
Merchandise inventories | — |  |  | 3,621 |  |  | 3,966 |  |  | — |  |  | 7,587 |
Income tax receivable | 99 |  |  | — |  |  | — |  |  | (39 | ) |  | 60 |
Prepaid expenses and other current assets | — |  |  | 89 |  |  | 365 |  |  | — |  |  | 454 |
Total Current Assets | 159 |  |  | 3,883 |  |  | 4,817 |  |  | (39 | ) |  | 8,820 |
Property and Equipment – net | — |  |  | 3,534 |  |  | 3,615 |  |  | — |  |  | 7,149 |
Goodwill | — |  |  | 3,315 |  |  | 582 |  |  | — |  |  | 3,897 |
Other Intangible Assets – net | — |  |  | 47 |  |  | 452 |  |  | — |  |  | 499 |
Other Assets | 1 |  |  | 153 |  |  | 755 |  |  | — |  |  | 909 |
Deferred Income Taxes | 24 |  |  | — |  |  | — |  |  | (24 | ) |  | — |
Intercompany Receivable | 878 |  |  | — |  |  | 1,876 |  |  | (2,754 | ) |  | — |
Investment in Subsidiaries | 2,954 |  |  | 3,173 |  |  | — |  |  | (6,127 | ) |  | — |
Total Assets | $ | 4,016 |  |  | $ | 14,105 |  |  | $ | 12,097 |  |  | $ | (8,944 | ) |  | $ | 21,274 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 935 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 938 |
Merchandise accounts payable | — |  |  | 1,481 |  |  | 1,894 |  |  | — |  |  | 3,375 |
Accounts payable and accrued liabilities | 164 |  |  | 910 |  |  | 1,856 |  |  | — |  |  | 2,930 |
Income taxes | — |  |  | 3 |  |  | 36 |  |  | (39 | ) |  | — |
Total Current Liabilities | 164 |  |  | 3,329 |  |  | 3,789 |  |  | (39 | ) |  | 7,243 |
Long-Term Debt | — |  |  | 6,545 |  |  | 18 |  |  | — |  |  | 6,563 |
Intercompany Payable | — |  |  | 2,754 |  |  | — |  |  | (2,754 | ) |  | — |
Deferred Income Taxes | — |  |  | 694 |  |  | 878 |  |  | (24 | ) |  | 1,548 |
Other Liabilities | 63 |  |  | 565 |  |  | 1,501 |  |  | — |  |  | 2,129 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 3,789 |  |  | 218 |  |  | 5,909 |  |  | (6,127 | ) |  | 3,789 |
Noncontrolling Interest | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Total Shareholders' Equity | 3,789 |  |  | 218 |  |  | 5,911 |  |  | (6,127 | ) |  | 3,791 |
Total Liabilities and Shareholders' Equity | $ | 4,016 |  |  | $ | 14,105 |  |  | $ | 12,097 |  |  | $ | (8,944 | ) |  | $ | 21,274 |
Condensed Consolidating Balance Sheet As of January 28, 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 938 |  |  | $ | 81 |  |  | $ | 278 |  |  | $ | — |  |  | $ | 1,297 |
Receivables | — |  |  | 169 |  |  | 353 |  |  | — |  |  | 522 |
Merchandise inventories | — |  |  | 2,565 |  |  | 2,834 |  |  | — |  |  | 5,399 |
Prepaid expenses and other current assets | — |  |  | 84 |  |  | 324 |  |  | — |  |  | 408 |
Total Current Assets | 938 |  |  | 2,899 |  |  | 3,789 |  |  | — |  |  | 7,626 |
Property and Equipment – net | — |  |  | 3,397 |  |  | 3,620 |  |  | — |  |  | 7,017 |
Goodwill | — |  |  | 3,315 |  |  | 582 |  |  | — |  |  | 3,897 |
Other Intangible Assets – net | — |  |  | 51 |  |  | 447 |  |  | — |  |  | 498 |
Other Assets | — |  |  | 47 |  |  | 766 |  |  | — |  |  | 813 |
Deferred Income Taxes | 26 |  |  | — |  |  | — |  |  | (26 | ) |  | — |
Intercompany Receivable | 375 |  |  | — |  |  | 2,428 |  |  | (2,803 | ) |  | — |
Investment in Subsidiaries | 3,137 |  |  | 3,540 |  |  | — |  |  | (6,677 | ) |  | — |
Total Assets | $ | 4,476 |  |  | $ | 13,249 |  |  | $ | 11,632 |  |  | $ | (9,506 | ) |  | $ | 19,851 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 306 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 309 |
Merchandise accounts payable | — |  |  | 590 |  |  | 833 |  |  | — |  |  | 1,423 |
Accounts payable and accrued liabilities | 16 |  |  | 1,064 |  |  | 2,483 |  |  | — |  |  | 3,563 |
Income taxes | 71 |  |  | 16 |  |  | 265 |  |  | — |  |  | 352 |
Total Current Liabilities | 87 |  |  | 1,976 |  |  | 3,584 |  |  | — |  |  | 5,647 |
Long-Term Debt | — |  |  | 6,544 |  |  | 18 |  |  | — |  |  | 6,562 |
Intercompany Payable | — |  |  | 2,803 |  |  | — |  |  | (2,803 | ) |  | — |
Deferred Income Taxes | — |  |  | 688 |  |  | 781 |  |  | (26 | ) |  | 1,443 |
Other Liabilities | 66 |  |  | 500 |  |  | 1,311 |  |  | — |  |  | 1,877 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 4,323 |  |  | 738 |  |  | 5,939 |  |  | (6,677 | ) |  | 4,323 |
Noncontrolling Interest | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Total Shareholders' Equity | 4,323 |  |  | 738 |  |  | 5,938 |  |  | (6,677 | ) |  | 4,322 |
Total Liabilities and Shareholders' Equity | $ | 4,476 |  |  | $ | 13,249 |  |  | $ | 11,632 |  |  | $ | (9,506 | ) |  | $ | 19,851 |
Condensed Consolidating Statement of Cash Flows [Table Text Block] | Condensed Consolidating Statement of Cash Flows For the 39 Weeks Ended October 28, 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 222 |  |  | $ | (380 | ) |  | $ | 564 |  |  | $ | (190 | ) |  | $ | 216 |
Restructuring and other costs | — |  |  | 1 |  |  | 32 |  |  | — |  |  | 33 |
Settlement charges | — |  |  | 24 |  |  | 49 |  |  | — |  |  | 73 |
Equity in loss (earnings) of subsidiaries | (220 | ) |  | 30 |  |  | — |  |  | 190 |  |  | — |
Dividends received from subsidiaries | 571 |  |  | — |  |  | — |  |  | (571 | ) |  | — |
Depreciation and amortization | — |  |  | 265 |  |  | 476 |  |  | — |  |  | 741 |
(Increase) decrease in working capital | (52 | ) |  | 35 |  |  | (633 | ) |  | — |  |  | (650 | )
Other, net | 8 |  |  | 2 |  |  | (34 | ) |  | — |  |  | (24 | )
Net cash provided (used) by operating activities | 529 |  |  | (23 | ) |  | 454 |  |  | (571 | ) |  | 389 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Disposition (purchase) of property and equipment and capitalized software, net | — |  |  | 30 |  |  | (368 | ) |  | — |  |  | (338 | )
Other, net | — |  |  | 2 |  |  | (10 | ) |  | — |  |  | (8 | )
Net cash provided (used) by investing activities | — |  |  | 32 |  |  | (378 | ) |  | — |  |  | (346 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Debt repaid | — |  |  | (553 | ) |  | (1 | ) |  | — |  |  | (554 | )
Dividends paid | (346 | ) |  | — |  |  | (571 | ) |  | 571 |  |  | (346 | )
Issuance of common stock, net of common stock acquired | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Proceeds from noncontrolling interest | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Intercompany activity, net | (1,016 | ) |  | 584 |  |  | 432 |  |  | — |  |  | — |
Other, net | 9 |  |  | (32 | ) |  | 102 |  |  | — |  |  | 79 |
Net cash used by financing activities | (1,351 | ) |  | (1 | ) |  | (25 | ) |  | 571 |  |  | (806 | )
Net increase (decrease) in cash and cash equivalents | (822 | ) |  | 8 |  |  | 51 |  |  | — |  |  | (763 | )
Cash and cash equivalents at beginning of period | 938 |  |  | 81 |  |  | 278 |  |  | — |  |  | 1,297 |
Cash and cash equivalents at end of period | $ | 116 |  |  | $ | 89 |  |  | $ | 329 |  |  | $ | — |  |  | $ | 534 |
Condensed Consolidating Statement of Cash Flows For the 39 Weeks Ended October 29, 2016 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 144 |  |  | $ | (595 | ) |  | $ | 665 |  |  | $ | (75 | ) |  | $ | 139 |
Impairments and other costs | — |  |  | 184 |  |  | 65 |  |  | — |  |  | 249 |
Settlement charges | — |  |  | 29 |  |  | 52 |  |  | — |  |  | 81 |
Equity in loss (earnings) of subsidiaries | (144 | ) |  | 69 |  |  | — |  |  | 75 |  |  | — |
Dividends received from subsidiaries | 535 |  |  | 575 |  |  | — |  |  | (1,110 | ) |  | — |
Depreciation and amortization | — |  |  | 298 |  |  | 489 |  |  | — |  |  | 787 |
Increase in working capital | (59 | ) |  | (572 | ) |  | (328 | ) |  | — |  |  | (959 | )
Other, net | 19 |  |  | (36 | ) |  | 28 |  |  | — |  |  | 11 |
Net cash provided (used) by operating activities | 495 |  |  | (48 | ) |  | 971 |  |  | (1,110 | ) |  | 308 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of property and equipment and capitalized software, net | — |  |  | (23 | ) |  | (520 | ) |  | — |  |  | (543 | )
Other, net | — |  |  | 47 |  |  | 5 |  |  | — |  |  | 52 |
Net cash provided (used) by investing activities | — |  |  | 24 |  |  | (515 | ) |  | — |  |  | (491 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Debt repaid, net of debt issued | — |  |  | (122 | ) |  | (1 | ) |  | — |  |  | (123 | )
Dividends paid | (344 | ) |  | — |  |  | (1,110 | ) |  | 1,110 |  |  | (344 | )
Common stock acquired, net of issuance of common stock | (199 | ) |  | — |  |  | — |  |  | — |  |  | (199 | )
Proceeds from noncontrolling interest | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Intercompany activity, net | (642 | ) |  | 158 |  |  | 484 |  |  | — |  |  | — |
Other, net | 9 |  |  | (4 | ) |  | 185 |  |  | — |  |  | 190 |
Net cash provided (used) by financing activities | (1,176 | ) |  | 32 |  |  | (435 | ) |  | 1,110 |  |  | (469 | )
Net increase (decrease) in cash and cash equivalents | (681 | ) |  | 8 |  |  | 21 |  |  | — |  |  | (652 | )
Cash and cash equivalents at beginning of period | 741 |  |  | 91 |  |  | 277 |  |  | — |  |  | 1,109 |
Cash and cash equivalents at end of period | $ | 60 |  |  | $ | 99 |  |  | $ | 298 |  |  | $ | — |  |  | $ | 457 |
Condensed Consolidating Statement of Comprehensive Income [Table Text Block] | Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended October 28, 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 2,077 |  |  | $ | 5,861 |  |  | $ | (2,657 | ) |  | $ | 5,281 |
Cost of sales | — |  |  | (1,391 | ) |  | (4,441 | ) |  | 2,657 |  |  | (3,175 | )
Gross margin | — |  |  | 686 |  |  | 1,420 |  |  | — |  |  | 2,106 |
Selling, general and administrative expenses | — |  |  | (813 | ) |  | (1,182 | ) |  | — |  |  | (1,995 | )
Gains on sale of real estate | — |  |  | 24 |  |  | 41 |  |  | — |  |  | 65 |
Restructuring and other costs | — |  |  | (1 | ) |  | (32 | ) |  | — |  |  | (33 | )
Settlement charges | — |  |  | (8 | ) |  | (14 | ) |  | — |  |  | (22 | )
Operating income (loss) | — |  |  | (112 | ) |  | 233 |  |  | — |  |  | 121 |
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 1 |  |  | (76 | ) |  | 1 |  |  | — |  |  | (74 | )
Intercompany | — |  |  | (34 | ) |  | 34 |  |  | — |  |  | — |
Equity in earnings (loss) of subsidiaries | 35 |  |  | (61 | ) |  | — |  |  | 26 |  |  | — |
Income (loss) before income taxes | 36 |  |  | (283 | ) |  | 268 |  |  | 26 |  |  | 47 |
Federal, state and local income tax benefit (expense) | — |  |  | 59 |  |  | (72 | ) |  | — |  |  | (13 | )
Net income (loss) | 36 |  |  | (224 | ) |  | 196 |  |  | 26 |  |  | 34 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 36 |  |  | $ | (224 | ) |  | $ | 198 |  |  | $ | 26 |  |  | $ | 36 |
Comprehensive income (loss) | $ | 61 |  |  | $ | (201 | ) |  | $ | 212 |  |  | $ | (13 | ) |  | $ | 59 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 61 |  |  | $ | (201 | ) |  | $ | 214 |  |  | $ | (13 | ) |  | $ | 61 |
Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended October 29, 2016 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 2,376 |  |  | $ | 6,183 |  |  | $ | (2,933 | ) |  | $ | 5,626 |
Cost of sales | — |  |  | (1,577 | ) |  | (4,742 | ) |  | 2,933 |  |  | (3,386 | )
Gross margin | — |  |  | 799 |  |  | 1,441 |  |  | — |  |  | 2,240 |
Selling, general and administrative expenses | (1 | ) |  | (950 | ) |  | (1,161 | ) |  | — |  |  | (2,112 | )
Gains on sale of real estate | — |  |  | 41 |  |  | — |  |  | — |  |  | 41 |
Settlement charges | — |  |  | (24 | ) |  | (38 | ) |  | — |  |  | (62 | )
Operating income (loss) | (1 | ) |  | (134 | ) |  | 242 |  |  | — |  |  | 107 |
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 1 |  |  | (82 | ) |  | — |  |  | — |  |  | (81 | )
Intercompany | — |  |  | (51 | ) |  | 51 |  |  | — |  |  | — |
Equity in earnings (loss) of subsidiaries | 17 |  |  | (101 | ) |  | — |  |  | 84 |  |  | — |
Income (loss) before income taxes | 17 |  |  | (368 | ) |  | 293 |  |  | 84 |  |  | 26 |
Federal, state and local income tax benefit (expense) | — |  |  | 68 |  |  | (79 | ) |  | — |  |  | (11 | )
Net income (loss) | 17 |  |  | (300 | ) |  | 214 |  |  | 84 |  |  | 15 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 17 |  |  | $ | (300 | ) |  | $ | 216 |  |  | $ | 84 |  |  | $ | 17 |
Comprehensive income (loss) | $ | 62 |  |  | $ | (255 | ) |  | $ | 241 |  |  | $ | 12 |  |  | $ | 60 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 62 |  |  | $ | (255 | ) |  | $ | 243 |  |  | $ | 12 |  |  | $ | 62 |
Condensed Consolidating Statement of Comprehensive Income For the 39 weeks ended October 28, 2017 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 6,319 |  |  | $ | 15,727 |  |  | $ | (5,875 | ) |  | $ | 16,171 |
Cost of sales | — |  |  | (4,126 | ) |  | (11,543 | ) |  | 5,875 |  |  | (9,794 | )
Gross margin | — |  |  | 2,193 |  |  | 4,184 |  |  | — |  |  | 6,377 |
Selling, general and administrative expenses | (1 | ) |  | (2,430 | ) |  | (3,422 | ) |  | — |  |  | (5,853 | )
Gains on sale of real estate | — |  |  | 116 |  |  | 60 |  |  | — |  |  | 176 |
Restructuring and other costs | — |  |  | (1 | ) |  | (32 | ) |  | — |  |  | (33 | )
Settlement charges | — |  |  | (24 | ) |  | (49 | ) |  | — |  |  | (73 | )
Operating income (loss) | (1 | ) |  | (146 | ) |  | 741 |  |  | — |  |  | 594 |
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 4 |  |  | (243 | ) |  | 2 |  |  | — |  |  | (237 | )
Intercompany | — |  |  | (102 | ) |  | 102 |  |  | — |  |  | — |
Net premiums on early retirement of debt | — |  |  | (1 | ) |  | — |  |  | — |  |  | (1 | )
Equity in earnings (loss) of subsidiaries | 220 |  |  | (30 | ) |  | — |  |  | (190 | ) |  | — |
Income (loss) before income taxes | 223 |  |  | (522 | ) |  | 845 |  |  | (190 | ) |  | 356 |
Federal, state and local income tax benefit (expense) | (1 | ) |  | 142 |  |  | (281 | ) |  | — |  |  | (140 | )
Net income (loss) | 222 |  |  | (380 | ) |  | 564 |  |  | (190 | ) |  | 216 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 222 |  |  | $ | (380 | ) |  | $ | 570 |  |  | $ | (190 | ) |  | $ | 222 |
Comprehensive income (loss) | $ | 318 |  |  | $ | (290 | ) |  | $ | 627 |  |  | $ | (343 | ) |  | $ | 312 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 318 |  |  | $ | (290 | ) |  | $ | 633 |  |  | $ | (343 | ) |  | $ | 318 |
Condensed Consolidating Statement of Comprehensive Income For the 39 weeks ended October 29, 2016 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 7,324 |  |  | $ | 16,546 |  |  | $ | (6,607 | ) |  | $ | 17,263 |
Cost of sales | — |  |  | (4,704 | ) |  | (12,273 | ) |  | 6,607 |  |  | (10,370 | )
Gross margin | — |  |  | 2,620 |  |  | 4,273 |  |  | — |  |  | 6,893 |
Selling, general and administrative expenses | (2 | ) |  | (2,803 | ) |  | (3,334 | ) |  | — |  |  | (6,139 | )
Gains on sale of real estate | — |  |  | 71 |  |  | 5 |  |  | — |  |  | 76 |
Impairments and other costs | — |  |  | (184 | ) |  | (65 | ) |  | — |  |  | (249 | )
Settlement charges | — |  |  | (29 | ) |  | (52 | ) |  | — |  |  | (81 | )
Operating income (loss) | (2 | ) |  | (325 | ) |  | 827 |  |  | — |  |  | 500 |
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 2 |  |  | (278 | ) |  | — |  |  | — |  |  | (276 | )
Intercompany | — |  |  | (166 | ) |  | 166 |  |  | — |  |  | — |
Equity in earnings (loss) of subsidiaries | 144 |  |  | (69 | ) |  | — |  |  | (75 | ) |  | — |
Income (loss) before income taxes | 144 |  |  | (838 | ) |  | 993 |  |  | (75 | ) |  | 224 |
Federal, state and local income tax benefit (expense) | — |  |  | 243 |  |  | (328 | ) |  | — |  |  | (85 | )
Net income (loss) | 144 |  |  | (595 | ) |  | 665 |  |  | (75 | ) |  | 139 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 144 |  |  | $ | (595 | ) |  | $ | 670 |  |  | $ | (75 | ) |  | $ | 144 |
Comprehensive income (loss) | $ | 164 |  |  | $ | (575 | ) |  | $ | 677 |  |  | $ | (107 | ) |  | $ | 159 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 164 |  |  | $ | (575 | ) |  | $ | 682 |  |  | $ | (107 | ) |  | $ | 164 |

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