XML 135 R32.htm IDEA: XBRL DOCUMENT
v3.20.1

Properties and Leases (Tables) | 12 Months Ended
--- | ---
Feb. 01, 2020
Property Plant and Equipment and Leases of Lessee [Abstract] |
Lessee Lease [Table Text Block] | ROU assets and lease liabilities consist of:
|  | February 1, 2020
| Classification | (millions)
Assets |  |
Finance lease assets (a) | Right of Use Assets | $ | 13 |
Operating lease assets (b) | Right of Use Assets | 2,655 |
Total lease assets |  | $ | 2,668 |
Liabilities |  |
Current |  |
Finance (a) | Accounts payable and accrued liabilities | $ | 2 |
Operating (b) | Accounts payable and accrued liabilities | 331 |
Noncurrent |  |
Finance (a) | Long-Term Lease Liabilities | 21 |
Operating (b) | Long-Term Lease Liabilities | 2,897 |
Total lease liabilities |  | $ | 3,251 |
(a) Finance lease assets are recorded net of accumulated amortization of $12 million as of February 1, 2020. As of February 1, 2020, finance lease assets and noncurrent lease liabilities each included $2 million of non-lease components. (b) As of February 1, 2020, operating lease assets included $403 million of non-lease components and current and noncurrent lease liabilities included $36 million and $397 million, respectively, of non-lease components.
Lease, Cost [Table Text Block] | The components of net lease expense, recognized primarily within selling, general and administrative expenses are disclosed below. For 2019, lease expense included $83 million related to non-lease components.
| 2019 |  | 2018 |  | 2017
| (millions)
Real estate |  |  |  |  |
Operating leases (c) – |  |  |  |  |
Minimum rents | $ | 364 |  |  | $ | 317 |  |  | $ | 317 |
Variable rents | 54 |  |  | 11 |  |  | 11 |
| 418 |  |  | 328 |  |  | 328 |
Less income from subleases – |  |  |  |  |
Operating leases | (2 | ) |  | (1 | ) |  | (3 | )
| $ | 416 |  |  | $ | 327 |  |  | $ | 325 |
Personal property – Operating leases | $ | 8 |  |  | $ | 9 |  |  | $ | 10 |
(c) Certain supply chain operating lease expense amounts are included in cost of sales.
Property, Plant and Equipment | The major classes of property and equipment, net as of February 1, 2020 and February 2, 2019 are as follows:
| February 1, 2020 |  | February 2, 2019
| (millions)
Land | $ | 1,436 |  |  | $ | 1,454 |
Buildings on owned land | 3,822 |  |  | 4,019 |
Buildings on leased land and leasehold improvements | 1,365 |  |  | 1,404 |
Fixtures and equipment | 4,402 |  |  | 4,230 |
Leased properties under capitalized leases (a) | — |  |  | 25 |
| 11,025 |  |  | 11,132 |
Less accumulated depreciation and amortization (a) | 4,392 |  |  | 4,495 |
| $ | 6,633 |  |  | $ | 6,637 |
Lessee, Finance Lease, Liability, Maturity [Table Text Block] | As of February 1, 2020, the maturity of lease liabilities is as follows:
| Finance Leases (d) |  | Operating Leases (e and f) |  | Total
| (millions)
Fiscal year |  |  |  |  |
2020 | $ | 3 |  |  | $ | 362 |  |  | $ | 365 |
2021 | 3 |  |  | 345 |  |  | 348 |
2022 | 3 |  |  | 322 |  |  | 325 |
2023 | 3 |  |  | 317 |  |  | 320 |
2024 | 3 |  |  | 300 |  |  | 303 |
After 2024 | 19 |  |  | 5,265 |  |  | 5,284 |
Total undiscounted lease payments | 34 |  |  | 6,911 |  |  | 6,945 |
Less amount representing interest | 11 |  |  | 3,683 |  |  | 3,694 |
Total lease liabilities | $ | 23 |  |  | $ | 3,228 |  |  | $ | 3,251 |
(d) Finance lease payments include $3 million related to non-lease component payments. (e) Operating lease payments include $3,240 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $706 million of legally binding minimum lease payments for leases signed but not yet commenced. (f) Operating lease payments include $1,203 million related to non-lease component payments, with $876 million of such payments related to options to extend lease terms that are reasonably certain of being exercised.
Rental Expense | The components of net lease expense, recognized primarily within selling, general and administrative expenses are disclosed below. For 2019, lease expense included $83 million related to non-lease components.
| 2019 |  | 2018 |  | 2017
| (millions)
Real estate |  |  |  |  |
Operating leases (c) – |  |  |  |  |
Minimum rents | $ | 364 |  |  | $ | 317 |  |  | $ | 317 |
Variable rents | 54 |  |  | 11 |  |  | 11 |
| 418 |  |  | 328 |  |  | 328 |
Less income from subleases – |  |  |  |  |
Operating leases | (2 | ) |  | (1 | ) |  | (3 | )
| $ | 416 |  |  | $ | 327 |  |  | $ | 325 |
Personal property – Operating leases | $ | 8 |  |  | $ | 9 |  |  | $ | 10 |
(c) Certain supply chain operating lease expense amounts are included in cost of sales.
Schedule of Supplemental Information for Lease Assumptions and Cash Flows [Table Text Block] | Additional supplemental information regarding assumptions and cash flows for operating and finance leases is as follows:
| February 1, 2020
Lease Term and Discount Rate | (millions)
Weighted-average remaining lease term (years) |
Finance leases | 12.7 |
Operating leases | 23.3 |
Weighted-average discount rate |
Finance leases | 6.69 | %
Operating leases | 6.53 | %
| 52 Weeks Ended
| February 1, 2020
Other Information |
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows used from operating leases | $ | 363 |
Financing cash flows used from financing leases | 2 |
Leased assets obtained in exchange for new operating lease liabilities | 216 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | As of February 1, 2020, the maturity of lease liabilities is as follows:
| Finance Leases (d) |  | Operating Leases (e and f) |  | Total
| (millions)
Fiscal year |  |  |  |  |
2020 | $ | 3 |  |  | $ | 362 |  |  | $ | 365 |
2021 | 3 |  |  | 345 |  |  | 348 |
2022 | 3 |  |  | 322 |  |  | 325 |
2023 | 3 |  |  | 317 |  |  | 320 |
2024 | 3 |  |  | 300 |  |  | 303 |
After 2024 | 19 |  |  | 5,265 |  |  | 5,284 |
Total undiscounted lease payments | 34 |  |  | 6,911 |  |  | 6,945 |
Less amount representing interest | 11 |  |  | 3,683 |  |  | 3,694 |
Total lease liabilities | $ | 23 |  |  | $ | 3,228 |  |  | $ | 3,251 |
(d) Finance lease payments include $3 million related to non-lease component payments. (e) Operating lease payments include $3,240 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $706 million of legally binding minimum lease payments for leases signed but not yet commenced. (f) Operating lease payments include $1,203 million related to non-lease component payments, with $876 million of such payments related to options to extend lease terms that are reasonably certain of being exercised.

X
- Definition Lessee Lease [Table Text Block] + References No definition available. + Details
Name: | m_LesseeLeaseTableTextBlock
Namespace Prefix: | m_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Property Plant and Equipment and Leases of Lessee [Abstract] + References No definition available. + Details
Name: | m_PropertyPlantAndEquipmentAndLeasesOfLesseeAbstract
Namespace Prefix: | m_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Supplemental Information for Lease Assumptions and Cash Flows [Table Text Block] + References No definition available. + Details
Name: | m_ScheduleofSupplementalInformationforLeaseAssumptionsandCashFlowsTableTextBlock
Namespace Prefix: | m_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 + Details
Name: | us-gaap_ScheduleOfRentExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration