XML 43 R24.htm IDEA: XBRL DOCUMENT
v3.19.1

Quarterly Results (unaudited) | 12 Months Ended
--- | ---
Feb. 02, 2019
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)
2018: |  |  |  |  |  |  |
Net sales | $ | 5,541 |  |  | $ | 5,572 |  |  | $ | 5,404 |  |  | $ | 8,455 |
Credit card revenues, net | 157 |  |  | 186 |  |  | 185 |  |  | 240 |
Cost of sales | (3,382 | ) |  | (3,320 | ) |  | (3,226 | ) |  | (5,288 | )
Selling, general and administrative expenses | (2,083 | ) |  | (2,164 | ) |  | (2,255 | ) |  | (2,538 | )
Gains on sale of real estate | 24 |  |  | 46 |  |  | 42 |  |  | 278 |
Restructuring, impairment, store closing and other costs | (19 | ) |  | (17 | ) |  | (3 | ) |  | (97 | )
Benefit plan income, net | 11 |  |  | 11 |  |  | 9 |  |  | 8 |
Settlement charges | — |  |  | (50 | ) |  | (23 | ) |  | (15 | )
Net income attributable to Macy's, Inc. shareholders | 139 |  |  | 166 |  |  | 62 |  |  | 740 |
Basic earnings per share attributable to Macy's, Inc. shareholders | 0.45 |  |  | 0.54 |  |  | 0.20 |  |  | 2.40 |
Diluted earnings per share attributable to Macy's, Inc. shareholders | 0.45 |  |  | 0.53 |  |  | 0.20 |  |  | 2.37 |
2017: |  |  |  |  |  |  |
Net sales | $ | 5,350 |  |  | $ | 5,636 |  |  | $ | 5,281 |  |  | $ | 8,672 |
Credit card revenues, net | 161 |  |  | 167 |  |  | 145 |  |  | 229 |
Cost of sales | (3,303 | ) |  | (3,403 | ) |  | (3,152 | ) |  | (5,323 | )
Selling, general and administrative expenses | (2,057 | ) |  | (2,161 | ) |  | (2,188 | ) |  | (2,548 | )
Gains on sale of real estate | 68 |  |  | 43 |  |  | 65 |  |  | 368 |
Restructuring, impairment, store closing and other costs | — |  |  | — |  |  | (33 | ) |  | (152 | )
Benefit plan income, net | 13 |  |  | 14 |  |  | 15 |  |  | 15 |
Settlement charges | — |  |  | (51 | ) |  | (22 | ) |  | (32 | )
Net income attributable to Macy's, Inc. shareholders | 78 |  |  | 111 |  |  | 30 |  |  | 1,347 |
Basic earnings per share attributable to Macy's, Inc. shareholders | 0.26 |  |  | 0.36 |  |  | 0.10 |  |  | 4.41 |
Diluted earnings per share attributable to Macy's, Inc. shareholders | 0.26 |  |  | 0.36 |  |  | 0.10 |  |  | 4.38 |
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://fasb.org/us-gaap/role/ref/legacyRef -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