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Condensed Consolidating Financial Information (Tables) | 6 Months Ended
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Aug. 03, 2019
Condensed Financial Information Disclosure [Abstract] |
Condensed Consolidating Balance Sheet [Table Text Block] | Condensed Consolidating Balance Sheet As of August 3, 2019 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 320 |  |  | $ | 100 |  |  | $ | 254 |  |  | $ | — |  |  | $ | 674 |
Receivables | 1 |  |  | 44 |  |  | 195 |  |  | — |  |  | 240 |
Merchandise inventories | — |  |  | 2,138 |  |  | 2,891 |  |  | — |  |  | 5,029 |
Prepaid expenses and other current assets | — |  |  | 139 |  |  | 464 |  |  | — |  |  | 603 |
Income taxes | 39 |  |  | — |  |  | — |  |  | (39 | ) |  | — |
Total Current Assets | 360 |  |  | 2,421 |  |  | 3,804 |  |  | (39 | ) |  | 6,546 |
Property and Equipment – net | — |  |  | 3,162 |  |  | 3,321 |  |  | — |  |  | 6,483 |
Right of Use Assets | — |  |  | 660 |  |  | 1,976 |  |  | — |  |  | 2,636 |
Goodwill | — |  |  | 3,326 |  |  | 582 |  |  | — |  |  | 3,908 |
Other Intangible Assets – net | — |  |  | 4 |  |  | 436 |  |  | — |  |  | 440 |
Other Assets | — |  |  | 39 |  |  | 689 |  |  | — |  |  | 728 |
Deferred Income Taxes | 9 |  |  | — |  |  | — |  |  | (9 | ) |  | — |
Intercompany Receivable | 2,564 |  |  | — |  |  | 643 |  |  | (3,207 | ) |  | — |
Investment in Subsidiaries | 3,484 |  |  | 2,957 |  |  | — |  |  | (6,441 | ) |  | — |
Total Assets | $ | 6,417 |  |  | $ | 12,569 |  |  | $ | 11,451 |  |  | $ | (9,696 | ) |  | $ | 20,741 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |
Merchandise accounts payable | — |  |  | 717 |  |  | 957 |  |  | — |  |  | 1,674 |
Accounts payable and accrued liabilities | 74 |  |  | 754 |  |  | 1,911 |  |  | — |  |  | 2,739 |
Income taxes | — |  |  | 47 |  |  | 12 |  |  | (39 | ) |  | 20 |
Total Current Liabilities | 74 |  |  | 1,524 |  |  | 2,880 |  |  | (39 | ) |  | 4,439 |
Long-Term Debt | — |  |  | 4,680 |  |  | — |  |  | — |  |  | 4,680 |
Long-Term Lease Liabilities | — |  |  | 594 |  |  | 2,242 |  |  | — |  |  | 2,836 |
Intercompany Payable | — |  |  | 3,207 |  |  | — |  |  | (3,207 | ) |  | — |
Deferred Income Taxes | — |  |  | 643 |  |  | 572 |  |  | (9 | ) |  | 1,206 |
Other Liabilities | 28 |  |  | 364 |  |  | 873 |  |  | — |  |  | 1,265 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 6,315 |  |  | 1,557 |  |  | 4,884 |  |  | (6,441 | ) |  | 6,315 |
Noncontrolling Interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Shareholders' Equity | 6,315 |  |  | 1,557 |  |  | 4,884 |  |  | (6,441 | ) |  | 6,315 |
Total Liabilities and Shareholders' Equity | $ | 6,417 |  |  | $ | 12,569 |  |  | $ | 11,451 |  |  | $ | (9,696 | ) |  | $ | 20,741 |
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 February 2, 2019 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS: |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 889 |  |  | $ | 59 |  |  | $ | 214 |  |  | $ | — |  |  | $ | 1,162 |
Receivables | — |  |  | 68 |  |  | 332 |  |  | — |  |  | 400 |
Merchandise inventories | — |  |  | 2,342 |  |  | 2,921 |  |  | — |  |  | 5,263 |
Prepaid expenses and other current assets | — |  |  | 143 |  |  | 477 |  |  | — |  |  | 620 |
Total Current Assets | 889 |  |  | 2,612 |  |  | 3,944 |  |  | — |  |  | 7,445 |
Property and Equipment – net | — |  |  | 3,287 |  |  | 3,350 |  |  | — |  |  | 6,637 |
Goodwill | — |  |  | 3,326 |  |  | 582 |  |  | — |  |  | 3,908 |
Other Intangible Assets – net | — |  |  | 38 |  |  | 440 |  |  | — |  |  | 478 |
Other Assets | — |  |  | 41 |  |  | 685 |  |  | — |  |  | 726 |
Deferred Income Taxes | 12 |  |  | — |  |  | — |  |  | (12 | ) |  | — |
Intercompany Receivable | 1,713 |  |  | — |  |  | 1,390 |  |  | (3,103 | ) |  | — |
Investment in Subsidiaries | 4,030 |  |  | 3,119 |  |  | — |  |  | (7,149 | ) |  | — |
Total Assets | $ | 6,644 |  |  | $ | 12,423 |  |  | $ | 10,391 |  |  | $ | (10,264 | ) |  | $ | 19,194 |
LIABILITIES AND SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 42 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 43 |
Merchandise accounts payable | — |  |  | 713 |  |  | 942 |  |  | — |  |  | 1,655 |
Accounts payable and accrued liabilities | 170 |  |  | 950 |  |  | 2,246 |  |  | — |  |  | 3,366 |
Income taxes | 14 |  |  | 52 |  |  | 102 |  |  | — |  |  | 168 |
Total Current Liabilities | 184 |  |  | 1,757 |  |  | 3,291 |  |  | — |  |  | 5,232 |
Long-Term Debt | — |  |  | 4,692 |  |  | 16 |  |  | — |  |  | 4,708 |
Intercompany Payable | — |  |  | 3,103 |  |  | — |  |  | (3,103 | ) |  | — |
Deferred Income Taxes | — |  |  | 679 |  |  | 571 |  |  | (12 | ) |  | 1,238 |
Other Liabilities | 24 |  |  | 406 |  |  | 1,150 |  |  | — |  |  | 1,580 |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Macy's, Inc. | 6,436 |  |  | 1,786 |  |  | 5,363 |  |  | (7,149 | ) |  | 6,436 |
Noncontrolling Interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Shareholders' Equity | 6,436 |  |  | 1,786 |  |  | 5,363 |  |  | (7,149 | ) |  | 6,436 |
Total Liabilities and Shareholders' Equity | $ | 6,644 |  |  | $ | 12,423 |  |  | $ | 10,391 |  |  | $ | (10,264 | ) |  | $ | 19,194 |
Condensed Consolidating Statement of Cash Flows [Table Text Block] | Condensed Consolidating Statement of Cash Flows For the 26 Weeks Ended August 3, 2019 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 223 |  |  | $ | (207 | ) |  | $ | 283 |  |  | $ | (76 | ) |  | $ | 223 |
Impairment and other costs | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Equity in loss (earnings) of subsidiaries | (214 | ) |  | 138 |  |  | — |  |  | 76 |  |  | — |
Dividends received from subsidiaries | 606 |  |  | — |  |  | — |  |  | (606 | ) |  | — |
Depreciation and amortization | — |  |  | 169 |  |  | 303 |  |  | — |  |  | 472 |
Gains on sale of real estate | — |  |  | (24 | ) |  | (25 | ) |  | — |  |  | (49 | )
Changes in assets, liabilities and other items not separately identified | (52 | ) |  | 47 |  |  | (294 | ) |  | — |  |  | (299 | )
Net cash provided by operating activities | 563 |  |  | 123 |  |  | 270 |  |  | (606 | ) |  | 350 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of property and equipment and capitalized software, net of dispositions | — |  |  | (97 | ) |  | (345 | ) |  | — |  |  | (442 | )
Other, net | — |  |  | (11 | ) |  | (1 | ) |  | — |  |  | (12 | )
Net cash used by investing activities | — |  |  | (108 | ) |  | (346 | ) |  | — |  |  | (454 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Debt repaid, including debt issuance costs | — |  |  | (42 | ) |  | — |  |  | — |  |  | (42 | )
Dividends paid | (233 | ) |  | — |  |  | (606 | ) |  | 606 |  |  | (233 | )
Issuance of common stock | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Intercompany activity, net | (813 | ) |  | 93 |  |  | 720 |  |  | — |  |  | — |
Other, net | (92 | ) |  | (21 | ) |  | (15 | ) |  | — |  |  | (128 | )
Net cash provided (used) by financing activities | (1,132 | ) |  | 30 |  |  | 99 |  |  | 606 |  |  | (397 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | (569 | ) |  | 45 |  |  | 23 |  |  | — |  |  | (501 | )
Cash, cash equivalents and restricted cash at beginning of period | 889 |  |  | 64 |  |  | 295 |  |  | — |  |  | 1,248 |
Cash, cash equivalents and restricted cash at end of period | $ | 320 |  |  | $ | 109 |  |  | $ | 318 |  |  | $ | — |  |  | $ | 747 |
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 | 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 Comprehensive Income [Table Text Block] | Condensed Consolidating Statement of Comprehensive Income For the 13 Weeks Ended August 3, 2019 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 2,219 |  |  | $ | 4,416 |  |  | $ | (1,089 | ) |  | $ | 5,546 |
Credit card revenues (expense), net | — |  |  | (2 | ) |  | 178 |  |  | — |  |  | 176 |
Cost of sales | — |  |  | (1,341 | ) |  | (3,143 | ) |  | 1,089 |  |  | (3,395 | )
Selling, general and administrative expenses | — |  |  | (872 | ) |  | (1,305 | ) |  | — |  |  | (2,177 | )
Gains on sale of real estate | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Impairment and other costs | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Operating income | — |  |  | 4 |  |  | 151 |  |  | — |  |  | 155 |
Benefit plan income, net | — |  |  | 3 |  |  | 5 |  |  | — |  |  | 8 |
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 4 |  |  | (52 | ) |  | 1 |  |  | — |  |  | (47 | )
Intercompany | — |  |  | (18 | ) |  | 18 |  |  | — |  |  | — |
Equity in earnings (loss) of subsidiaries | 82 |  |  | (108 | ) |  | — |  |  | 26 |  |  | — |
Income (loss) before income taxes | 86 |  |  | (171 | ) |  | 175 |  |  | 26 |  |  | 116 |
Federal, state and local income tax benefit (expense) | — |  |  | 7 |  |  | (37 | ) |  | — |  |  | (30 | )
Net income (loss) | 86 |  |  | (164 | ) |  | 138 |  |  | 26 |  |  | 86 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 86 |  |  | $ | (164 | ) |  | $ | 138 |  |  | $ | 26 |  |  | $ | 86 |
Comprehensive income (loss) | $ | 91 |  |  | $ | (159 | ) |  | $ | 142 |  |  | $ | 17 |  |  | $ | 91 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 91 |  |  | $ | (159 | ) |  | $ | 142 |  |  | $ | 17 |  |  | $ | 91 |
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 26 Weeks Ended August 3, 2019 (millions)
| Parent |  | Subsidiary Issuer |  | Other Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales | $ | — |  |  | $ | 4,373 |  |  | $ | 9,184 |  |  | $ | (2,507 | ) |  | $ | 11,050 |
Credit card revenues (expense), net | — |  |  | (5 | ) |  | 353 |  |  | — |  |  | 348 |
Cost of sales | — |  |  | (2,682 | ) |  | (6,623 | ) |  | 2,507 |  |  | (6,798 | )
Selling, general and administrative expenses | 1 |  |  | (1,674 | ) |  | (2,614 | ) |  | — |  |  | (4,287 | )
Gains on sale of real estate | — |  |  | 24 |  |  | 25 |  |  | — |  |  | 49 |
Impairment and other costs | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Operating income | 1 |  |  | 36 |  |  | 322 |  |  | — |  |  | 359 |
Benefit plan income, net | — |  |  | 6 |  |  | 9 |  |  | — |  |  | 15 |
Interest (expense) income, net: |  |  |  |  |  |  |  |  |
External | 9 |  |  | (105 | ) |  | 2 |  |  | — |  |  | (94 | )
Intercompany | — |  |  | (37 | ) |  | 37 |  |  | — |  |  | — |
Equity in earnings (loss) of subsidiaries | 214 |  |  | (138 | ) |  | — |  |  | (76 | ) |  | — |
Income (loss) before income taxes | 224 |  |  | (238 | ) |  | 370 |  |  | (76 | ) |  | 280 |
Federal, state and local income tax benefit (expense) | (1 | ) |  | 31 |  |  | (87 | ) |  | — |  |  | (57 | )
Net income (loss) | 223 |  |  | (207 | ) |  | 283 |  |  | (76 | ) |  | 223 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Macy's, Inc. shareholders | $ | 223 |  |  | $ | (207 | ) |  | $ | 283 |  |  | $ | (76 | ) |  | $ | 223 |
Comprehensive income (loss) | $ | 234 |  |  | $ | (197 | ) |  | $ | 291 |  |  | $ | (94 | ) |  | $ | 234 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive income (loss) attributable to Macy's, Inc. shareholders | $ | 234 |  |  | $ | (197 | ) |  | $ | 291 |  |  | $ | (94 | ) |  | $ | 234 |
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 |

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