XML 47 R24.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Quarterly Results (unaudited) | 12 Months Ended
--- | ---
Feb. 03, 2018
Quarterly Financial Data [Abstract] |
Quarterly Results (unaudited) | Quarterly Results (unaudited) Unaudited quarterly results for the last two years were as follows:
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
| (millions, except per share data)
2017: |  |  |  |  |  |  |
Net sales | $ | 5,338 |  |  | $ | 5,552 |  |  | $ | 5,281 |  |  | $ | 8,666 |
Cost of sales | (3,306 | ) |  | (3,313 | ) |  | (3,175 | ) |  | (5,358 | )
Gross margin | 2,032 |  |  | 2,239 |  |  | 2,106 |  |  | 3,308 |
Selling, general and administrative expenses | (1,880 | ) |  | (1,977 | ) |  | (1,995 | ) |  | (2,279 | )
Gains on sale of real estate | 68 |  |  | 43 |  |  | 65 |  |  | 368 |
Restructuring, impairment, store closing and other costs | — |  |  | — |  |  | (33 | ) |  | (152 | )
Settlement charges | — |  |  | (51 | ) |  | (22 | ) |  | (32 | )
Net income attributable to Macy's, Inc. shareholders | 71 |  |  | 116 |  |  | 36 |  |  | 1,325 |
Basic earnings per share attributable to Macy's, Inc. shareholders | .23 |  |  | .38 |  |  | .12 |  |  | 4.34 |
Diluted earnings per share attributable to Macy's, Inc. shareholders | .23 |  |  | .38 |  |  | .12 |  |  | 4.31 |
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 | (1,980 | ) |  | (2,047 | ) |  | (2,112 | ) |  | (2,335 | )
Gains on sale of real estate | 14 |  |  | 21 |  |  | 41 |  |  | 133 |
Impairment, 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 |
Note: Annual results may not equal the sum of the quarterly results for the respective periods due to rounding conventions.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialDataAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration