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Condensed Consolidating Financial Information (Tables) | 6 Months Ended
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Aug. 04, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Balance Sheet [Table Text Block] | Condensed Consolidating Balance Sheet As of August 4, 2018 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 744 |  |  | $ | 66 |  |  | $ | 258 |  |  | $ | — |  |  | $ | 1,068 |
Receivables | 1 |  |  | 43 |  |  | 217 |  |  | — |  |  | 261 |
Merchandise inventories | — |  |  | 2,121 |  |  | 2,835 |  |  | — |  |  | 4,956 |
Prepaid expenses and other current assets | — |  |  | 135 |  |  | 445 |  |  | — |  |  | 580 |
Income taxes | 46 |  |  | — |  |  | — |  |  | (46 | ) |  | — |
Total Current Assets | 791 |  |  | 2,365 |  |  | 3,755 |  |  | (46 | ) |  | 6,865 |
Property and Equipment – net | — |  |  | 3,253 |  |  | 3,294 |  |  | — |  |  | 6,547 |
Goodwill | — |  |  | 3,326 |  |  | 582 |  |  | — |  |  | 3,908 |
Other Intangible Assets – net | — |  |  | 41 |  |  | 442 |  |  | — |  |  | 483 |
Other Assets | — |  |  | 89 |  |  | 776 |  |  | — |  |  | 865 |
Deferred Income Taxes | 10 |  |  | — |  |  | — |  |  | (10 | ) |  | — |
Intercompany Receivable | 1,347 |  |  | — |  |  | 1,038 |  |  | (2,385 | ) |  | — |
Investment in Subsidiaries | 3,876 |  |  | 3,140 |  |  | — |  |  | (7,016 | ) |  | — |
Total Assets | $ | 6,024 |  |  | $ | 12,214 |  |  | $ | 9,887 |  |  | $ | (9,457 | ) |  | $ | 18,668 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 42 |  |  | $ | 21 |  |  | $ | — |  |  | $ | 63 |
Merchandise accounts payable | — |  |  | 788 |  |  | 1,007 |  |  | — |  |  | 1,795 |
Accounts payable and accrued liabilities | 84 |  |  | 777 |  |  | 1,747 |  |  | — |  |  | 2,608 |
Income taxes | — |  |  | 33 |  |  | 28 |  |  | (46 | ) |  | 15 |
Total Current Liabilities | 84 |  |  | 1,640 |  |  | 2,803 |  |  | (46 | ) |  | 4,481 |
Long-Term Debt | — |  |  | 5,457 |  |  | 16 |  |  | — |  |  | 5,473 |
Intercompany Payable | — |  |  | 2,385 |  |  | — |  |  | (2,385 | ) |  | — |
Deferred Income Taxes | — |  |  | 588 |  |  | 616 |  |  | (10 | ) |  | 1,194 |
Other Liabilities | 24 |  |  | 441 |  |  | 1,161 |  |  | — |  |  | 1,626 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 5,916 |  |  | 1,703 |  |  | 5,313 |  |  | (7,016 | ) |  | 5,916 |
Noncontrolling Interest | — |  |  | — |  |  | (22 | ) |  | — |  |  | (22 | )
Total Shareholders' Equity | 5,916 |  |  | 1,703 |  |  | 5,291 |  |  | (7,016 | ) |  | 5,894 |
Total Liabilities and Shareholders' Equity | $ | 6,024 |  |  | $ | 12,214 |  |  | $ | 9,887 |  |  | $ | (9,457 | ) |  | $ | 18,668 |
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 | — |  |  | 132 |  |  | 439 |  |  | — |  |  | 571 |
Total Current Assets | 421 |  |  | 2,578 |  |  | 3,717 |  |  | — |  |  | 6,716 |
Property and Equipment – net | — |  |  | 3,388 |  |  | 3,434 |  |  | — |  |  | 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 |  |  | — |  |  | 2,256 |  |  | (3,267 | ) |  | — |
Investment in Subsidiaries | 3,110 |  |  | 3,743 |  |  | — |  |  | (6,853 | ) |  | — |
Total Assets | $ | 4,568 |  |  | $ | 13,124 |  |  | $ | 11,191 |  |  | $ | (10,145 | ) |  | $ | 18,738 |
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 |  |  | 917 |  |  | 1,998 |  |  | — |  |  | 2,939 |
Income taxes | 28 |  |  | 2 |  |  | 22 |  |  | — |  |  | 52 |
Total Current Liabilities | 52 |  |  | 1,623 |  |  | 3,001 |  |  | — |  |  | 4,676 |
Long-Term Debt | — |  |  | 6,284 |  |  | 17 |  |  | — |  |  | 6,301 |
Intercompany Payable | — |  |  | 3,267 |  |  | — |  |  | (3,267 | ) |  | — |
Deferred Income Taxes | — |  |  | 746 |  |  | 828 |  |  | (25 | ) |  | 1,549 |
Other Liabilities | 72 |  |  | 425 |  |  | 1,276 |  |  | — |  |  | 1,773 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 4,444 |  |  | 779 |  |  | 6,074 |  |  | (6,853 | ) |  | 4,444 |
Noncontrolling Interest | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Total Shareholders' Equity | 4,444 |  |  | 779 |  |  | 6,069 |  |  | (6,853 | ) |  | 4,439 |
Total Liabilities and Shareholders' Equity | $ | 4,568 |  |  | $ | 13,124 |  |  | $ | 11,191 |  |  | $ | (10,145 | ) |  | $ | 18,738 |
Condensed Consolidating Balance Sheet As of February 3, 2018 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1,109 |  |  | $ | 58 |  |  | $ | 288 |  |  | $ | — |  |  | $ | 1,455 |
Receivables | — |  |  | 85 |  |  | 278 |  |  | — |  |  | 363 |
Merchandise inventories | — |  |  | 2,344 |  |  | 2,834 |  |  | — |  |  | 5,178 |
Prepaid expenses and other current assets | — |  |  | 165 |  |  | 485 |  |  | — |  |  | 650 |
Total Current Assets | 1,109 |  |  | 2,652 |  |  | 3,885 |  |  | — |  |  | 7,646 |
Property and Equipment – net | — |  |  | 3,349 |  |  | 3,323 |  |  | — |  |  | 6,672 |
Goodwill | — |  |  | 3,315 |  |  | 582 |  |  | — |  |  | 3,897 |
Other Intangible Assets – net | — |  |  | 44 |  |  | 444 |  |  | — |  |  | 488 |
Other Assets | 1 |  |  | 89 |  |  | 790 |  |  | — |  |  | 880 |
Deferred Income Taxes | 11 |  |  | — |  |  | — |  |  | (11 | ) |  | — |
Intercompany Receivable | 884 |  |  | — |  |  | 2,388 |  |  | (3,272 | ) |  | — |
Investment in Subsidiaries | 4,032 |  |  | 4,126 |  |  | — |  |  | (8,158 | ) |  | — |
Total Assets | $ | 6,037 |  |  | $ | 13,575 |  |  | $ | 11,412 |  |  | $ | (11,441 | ) |  | $ | 19,583 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 6 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 22 |
Merchandise accounts payable | — |  |  | 653 |  |  | 937 |  |  | — |  |  | 1,590 |
Accounts payable and accrued liabilities | 159 |  |  | 980 |  |  | 2,132 |  |  | — |  |  | 3,271 |
Income taxes | 113 |  |  | 30 |  |  | 153 |  |  | — |  |  | 296 |
Total Current Liabilities | 272 |  |  | 1,669 |  |  | 3,238 |  |  | — |  |  | 5,179 |
Long-Term Debt | — |  |  | 5,844 |  |  | 17 |  |  | — |  |  | 5,861 |
Intercompany Payable | — |  |  | 3,272 |  |  | — |  |  | (3,272 | ) |  | — |
Deferred Income Taxes | — |  |  | 559 |  |  | 600 |  |  | (11 | ) |  | 1,148 |
Other Liabilities | 20 |  |  | 430 |  |  | 1,212 |  |  | — |  |  | 1,662 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 5,745 |  |  | 1,801 |  |  | 6,357 |  |  | (8,158 | ) |  | 5,745 |
Noncontrolling Interest | — |  |  | — |  |  | (12 | ) |  | — |  |  | (12 | )
Total Shareholders' Equity | 5,745 |  |  | 1,801 |  |  | 6,345 |  |  | (8,158 | ) |  | 5,733 |
Total Liabilities and Shareholders' Equity | $ | 6,037 |  |  | $ | 13,575 |  |  | $ | 11,412 |  |  | $ | (11,441 | ) |  | $ | 19,583 |
Condensed Consolidating Statement of Cash Flows [Table Text Block] | Condensed Consolidating Statement of Cash Flows For the 26 Weeks Ended August 4, 2018 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 306 |  |  | $ | (122 | ) |  | $ | 525 |  |  | $ | (413 | ) |  | $ | 296 |
Impairment and other costs | — |  |  | (2 | ) |  | 38 |  |  | — |  |  | 36 |
Settlement charges | 6 |  |  | 16 |  |  | 28 |  |  | — |  |  | 50 |
Equity in earnings of subsidiaries | (304 | ) |  | (109 | ) |  | — |  |  | 413 |  |  | — |
Dividends received from subsidiaries | 492 |  |  | — |  |  | — |  |  | (492 | ) |  | — |
Depreciation and amortization | — |  |  | 165 |  |  | 305 |  |  | — |  |  | 470 |
Gains on sale of real estate | — |  |  | (42 | ) |  | (28 | ) |  | — |  |  | (70 | )
Changes in assets, liabilities and other items not separately identified | (154 | ) |  | 298 |  |  | (381 | ) |  | (1 | ) |  | (238 | )
Net cash provided by operating activities | 346 |  |  | 204 |  |  | 487 |  |  | (493 | ) |  | 544 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of property and equipment and capitalized software, net of dispositions | — |  |  | (49 | ) |  | (271 | ) |  | — |  |  | (320 | )
Other, net | — |  |  | (15 | ) |  | (28 | ) |  | 51 |  |  | 8 |
Net cash used by investing activities | — |  |  | (64 | ) |  | (299 | ) |  | 51 |  |  | (312 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Debt repaid | — |  |  | (306 | ) |  | (1 | ) |  | (50 | ) |  | (357 | )
Dividends paid | (232 | ) |  | — |  |  | (492 | ) |  | 492 |  |  | (232 | )
Issuance of common stock, net of common stock acquired | 38 |  |  | — |  |  | — |  |  | — |  |  | 38 |
Proceeds from noncontrolling interest | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Intercompany activity, net | (441 | ) |  | 162 |  |  | 279 |  |  | — |  |  | — |
Other, net | (76 | ) |  | (9 | ) |  | (5 | ) |  | — |  |  | (90 | )
Net cash used by financing activities | (711 | ) |  | (153 | ) |  | (214 | ) |  | 442 |  |  | (636 | )
Net decrease in cash, cash equivalents and restricted cash | (365 | ) |  | (13 | ) |  | (26 | ) |  | — |  |  | (404 | )
Cash, cash equivalents and restricted cash at beginning of period | 1,109 |  |  | 79 |  |  | 325 |  |  | — |  |  | 1,513 |
Cash, cash equivalents and restricted cash at end of period | $ | 744 |  |  | $ | 66 |  |  | $ | 299 |  |  | $ | — |  |  | $ | 1,109 |
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) | $ | 189 |  |  | $ | (156 | ) |  | $ | 371 |  |  | $ | (219 | ) |  | $ | 185 |
Equity in earnings of subsidiaries | (188 | ) |  | (31 | ) |  | — |  |  | 219 |  |  | — |
Settlement charges | — |  |  | 17 |  |  | 34 |  |  | — |  |  | 51 |
Dividends received from subsidiaries | 340 |  |  | — |  |  | — |  |  | (340 | ) |  | — |
Depreciation and amortization | — |  |  | 178 |  |  | 309 |  |  | — |  |  | 487 |
Gains on sale of real estate | — |  |  | (92 | ) |  | (19 | ) |  | — |  |  | (111 | )
Changes in assets, liabilities and other items not separately identified | (34 | ) |  | 328 |  |  | (360 | ) |  | — |  |  | (66 | )
Net cash provided by operating activities | 307 |  |  | 244 |  |  | 335 |  |  | (340 | ) |  | 546 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of property and equipment and capitalized software, net of dispositions | — |  |  | 85 |  |  | (307 | ) |  | — |  |  | (222 | )
Other, net | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Net cash provided (used) by investing activities | — |  |  | 85 |  |  | (295 | ) |  | — |  |  | (210 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Debt repaid | — |  |  | (560 | ) |  | — |  |  | — |  |  | (560 | )
Dividends paid | (230 | ) |  | — |  |  | (340 | ) |  | 340 |  |  | (230 | )
Issuance of common stock, net of common stock acquired | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Proceeds from noncontrolling interest | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Intercompany activity, net | (605 | ) |  | 265 |  |  | 340 |  |  | — |  |  | — |
Other, net | 10 |  |  | (37 | ) |  | (37 | ) |  | — |  |  | (64 | )
Net cash used by financing activities | (824 | ) |  | (332 | ) |  | (31 | ) |  | 340 |  |  | (847 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | (517 | ) |  | (3 | ) |  | 9 |  |  | — |  |  | (511 | )
Cash, cash equivalents and restricted cash at beginning of period | 938 |  |  | 81 |  |  | 315 |  |  | — |  |  | 1,334 |
Cash, cash equivalents and restricted cash at end of period | $ | 421 |  |  | $ | 78 |  |  | $ | 324 |  |  | $ | — |  |  | $ | 823 |
Condensed Consolidating Statement of Comprehensive Income [Table Text Block] | Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended August 4, 2018 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 2,072 |  |  | $ | 4,914 |  |  | $ | (1,414 | ) |  | $ | 5,572 |
Credit card revenues, net | — |  |  | 3 |  |  | 183 |  |  | — |  |  | 186 |
Cost of sales | — |  |  | (1,271 | ) |  | (3,463 | ) |  | 1,414 |  |  | (3,320 | )
Selling, general and administrative expenses | — |  |  | (812 | ) |  | (1,352 | ) |  | — |  |  | (2,164 | )
Gains on sale of real estate | — |  |  | 19 |  |  | 27 |  |  | — |  |  | 46 |
Impairment and other costs | — |  |  | 2 |  |  | (19 | ) |  | — |  |  | (17 | )
Operating income | — |  |  | 13 |  |  | 290 |  |  | — |  |  | 303 |
Benefit plan income, net | — |  |  | 4 |  |  | 7 |  |  | — |  |  | 11 |
Settlement charges | (6 | ) |  | (16 | ) |  | (28 | ) |  | — |  |  | (50 | )
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 5 |  |  | (69 | ) |  | 2 |  |  | — |  |  | (62 | )
Intercompany | — |  |  | (17 | ) |  | 17 |  |  | — |  |  | — |
Losses on early retirement of debt | — |  |  | (5 | ) |  | — |  |  | — |  |  | (5 | )
Equity in earnings of subsidiaries | 167 |  |  | 8 |  |  | — |  |  | (175 | ) |  | — |
Income (loss) before income taxes | 166 |  |  | (82 | ) |  | 288 |  |  | (175 | ) |  | 197 |
Federal, state and local income tax benefit (expense) | — |  |  | 30 |  |  | (63 | ) |  | — |  |  | (33 | )
Net income (loss) | 166 |  |  | (52 | ) |  | 225 |  |  | (175 | ) |  | 164 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 166 |  |  | $ | (52 | ) |  | $ | 227 |  |  | $ | (175 | ) |  | $ | 166 |
Comprehensive income (loss) | $ | 186 |  |  | $ | (35 | ) |  | $ | 236 |  |  | $ | (203 | ) |  | $ | 184 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 186 |  |  | $ | (35 | ) |  | $ | 238 |  |  | $ | (203 | ) |  | $ | 186 |
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 | $ | — |  |  | $ | 2,220 |  |  | $ | 4,789 |  |  | $ | (1,373 | ) |  | $ | 5,636 |
Credit card revenues, net | — |  |  | 5 |  |  | 162 |  |  | — |  |  | 167 |
Cost of sales | — |  |  | (1,391 | ) |  | (3,385 | ) |  | 1,373 |  |  | (3,403 | )
Selling, general and administrative expenses | — |  |  | (856 | ) |  | (1,305 | ) |  | — |  |  | (2,161 | )
Gains on sale of real estate | — |  |  | 26 |  |  | 17 |  |  | — |  |  | 43 |
Operating income | — |  |  | 4 |  |  | 278 |  |  | — |  |  | 282 |
Benefit plan income, net | — |  |  | 5 |  |  | 9 |  |  | — |  |  | 14 |
Settlement charges | — |  |  | (17 | ) |  | (34 | ) |  | — |  |  | (51 | )
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 2 |  |  | (82 | ) |  | 1 |  |  | — |  |  | (79 | )
Intercompany | — |  |  | (34 | ) |  | 34 |  |  | — |  |  | — |
Gains on early retirement of debt | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Equity in earnings of subsidiaries | 109 |  |  | 29 |  |  | — |  |  | (138 | ) |  | — |
Income (loss) before income taxes | 111 |  |  | (93 | ) |  | 288 |  |  | (138 | ) |  | 168 |
Federal, state and local income tax benefit (expense) | — |  |  | 56 |  |  | (116 | ) |  | — |  |  | (60 | )
Net income (loss) | 111 |  |  | (37 | ) |  | 172 |  |  | (138 | ) |  | 108 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 111 |  |  | $ | (37 | ) |  | $ | 175 |  |  | $ | (138 | ) |  | $ | 111 |
Comprehensive income | $ | 176 |  |  | $ | 24 |  |  | $ | 216 |  |  | $ | (243 | ) |  | $ | 173 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Comprehensive income attributable to Macy's, Inc. shareholders | $ | 176 |  |  | $ | 24 |  |  | $ | 219 |  |  | $ | (243 | ) |  | $ | 176 |
Condensed Consolidating Statement of Comprehensive Income For the 26 Weeks Ended August 4, 2018 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 4,081 |  |  | $ | 10,277 |  |  | $ | (3,246 | ) |  | $ | 11,112 |
Credit card revenues (expense), net | — |  |  | (3 | ) |  | 346 |  |  | — |  |  | 343 |
Cost of sales | — |  |  | (2,591 | ) |  | (7,356 | ) |  | 3,246 |  |  | (6,701 | )
Selling, general and administrative expenses | — |  |  | (1,641 | ) |  | (2,606 | ) |  | — |  |  | (4,247 | )
Gains on sale of real estate | — |  |  | 42 |  |  | 28 |  |  | — |  |  | 70 |
Impairment and other costs | — |  |  | 2 |  |  | (38 | ) |  | — |  |  | (36 | )
Operating income (loss) | — |  |  | (110 | ) |  | 651 |  |  | — |  |  | 541 |
Benefit plan income, net | — |  |  | 8 |  |  | 14 |  |  | — |  |  | 22 |
Settlement charges | (6 | ) |  | (16 | ) |  | (28 | ) |  | — |  |  | (50 | )
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 9 |  |  | (139 | ) |  | 2 |  |  | — |  |  | (128 | )
Intercompany | — |  |  | (36 | ) |  | 36 |  |  | — |  |  | — |
Losses on early retirement of debt | — |  |  | (5 | ) |  | — |  |  | — |  |  | (5 | )
Equity in earnings of subsidiaries | 304 |  |  | 109 |  |  | — |  |  | (413 | ) |  | — |
Income (loss) before income taxes | 307 |  |  | (189 | ) |  | 675 |  |  | (413 | ) |  | 380 |
Federal, state and local income tax benefit (expense) | (1 | ) |  | 67 |  |  | (150 | ) |  | — |  |  | (84 | )
Net income (loss) | 306 |  |  | (122 | ) |  | 525 |  |  | (413 | ) |  | 296 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 306 |  |  | $ | (122 | ) |  | $ | 535 |  |  | $ | (413 | ) |  | $ | 306 |
Comprehensive income (loss) | $ | 333 |  |  | $ | (99 | ) |  | $ | 540 |  |  | $ | (451 | ) |  | $ | 323 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 333 |  |  | $ | (99 | ) |  | $ | 550 |  |  | $ | (451 | ) |  | $ | 333 |
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 | $ | — |  |  | $ | 4,285 |  |  | $ | 9,919 |  |  | $ | (3,218 | ) |  | $ | 10,986 |
Credit card revenues (expense), net | — |  |  | (2 | ) |  | 330 |  |  | — |  |  | 328 |
Cost of sales | — |  |  | (2,778 | ) |  | (7,146 | ) |  | 3,218 |  |  | (6,706 | )
Selling, general and administrative expenses | (1 | ) |  | (1,623 | ) |  | (2,594 | ) |  | — |  |  | (4,218 | )
Gains on sale of real estate | — |  |  | 92 |  |  | 19 |  |  | — |  |  | 111 |
Operating income (loss) | (1 | ) |  | (26 | ) |  | 528 |  |  | — |  |  | 501 |
Benefit plan income, net | — |  |  | 10 |  |  | 17 |  |  | — |  |  | 27 |
Settlement charges | — |  |  | (17 | ) |  | (34 | ) |  | — |  |  | (51 | )
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 3 |  |  | (167 | ) |  | 1 |  |  | — |  |  | (163 | )
Intercompany | — |  |  | (69 | ) |  | 69 |  |  | — |  |  | — |
Losses on early retirement of debt | — |  |  | (1 | ) |  | — |  |  | — |  |  | (1 | )
Equity in earnings of subsidiaries | 188 |  |  | 31 |  |  | — |  |  | (219 | ) |  | — |
Income (loss) before income taxes | 190 |  |  | (239 | ) |  | 581 |  |  | (219 | ) |  | 313 |
Federal, state and local income tax benefit (expense) | (1 | ) |  | 83 |  |  | (210 | ) |  | — |  |  | (128 | )
Net income (loss) | 189 |  |  | (156 | ) |  | 371 |  |  | (219 | ) |  | 185 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 189 |  |  | $ | (156 | ) |  | $ | 375 |  |  | $ | (219 | ) |  | $ | 189 |
Comprehensive income (loss) | $ | 260 |  |  | $ | (89 | ) |  | $ | 418 |  |  | $ | (333 | ) |  | $ | 256 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 260 |  |  | $ | (89 | ) |  | $ | 422 |  |  | $ | (333 | ) |  | $ | 260 |

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