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Earnings (Loss) Per Share | 12 Months Ended
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Jan. 30, 2021
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share |
| 15. | Earnings (Loss) Per Share Attributable to Macy's, Inc. Shareholders
The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to Macy's, Inc. shareholders:
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | Net Loss |  |  |  |  |  |  | Shares |  |  | Net Income |  |  |  |  |  |  | Shares |  |  | Net Income |  |  |  |  |  |  | Shares |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (millions, except per share data) |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Macy's, Inc. Shareholders and average number of shares outstanding |  | $ | (3,944 | ) |  |  |  |  |  |  | 310.2 |  |  | $ | 564 |  |  |  |  |  |  |  | 308.8 |  |  | $ | 1,108 |  |  |  |  |  |  |  | 306.8 |
Shares to be issued under deferred compensation and other plans |  |  | — |  |  |  |  |  |  |  | 1 |  |  |  | — |  |  |  |  |  |  |  | 0.9 |  |  |  | — |  |  |  |  |  |  |  | 0.9 |
|  | $ | (3,944 | ) |  |  |  |  |  |  | 311.1 |  |  | $ | 564 |  |  |  |  |  |  |  | 309.7 |  |  | $ | 1,108 |  |  |  |  |  |  |  | 307.7 |
Basic earnings (loss) per share attributable to Macy's,Inc. shareholders |  |  |  |  |  | $ | (12.68 | ) |  |  |  |  |  |  |  |  |  | $ | 1.82 |  |  |  |  |  |  |  |  |  |  | $ | 3.60 |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options and restricted stock units |  |  | — |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | 1.7 |  |  |  | — |  |  |  |  |  |  |  | 3.7 |
|  | $ | (3,944 | ) |  |  |  |  |  |  | 311.1 |  |  | $ | 564 |  |  |  |  |  |  |  | 311.4 |  |  | $ | 1,108 |  |  |  |  |  |  |  | 311.4 |
Diluted earnings (loss) per share attributable to Macy's, Inc. shareholders |  |  |  |  |  | $ | (12.68 | ) |  |  |  |  |  |  |  |  |  | $ | 1.81 |  |  |  |  |  |  |  |  |  |  | $ | 3.56 |  |  |  |  |
For 2020, as a result of the net loss, all options and restricted stock units have been excluded from the calculation of diluted earnings per share and, therefore, there was no difference in the weighted average number of common shares for basic and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive. Stock options to purchase 16.3 million shares of common stock and restricted stock units relating to 10.3 million shares of common stock outstanding at January 30, 2021, were excluded from the computation of diluted earnings per share. In addition to the stock options and restricted stock units in the foregoing table, stock options to purchase 18.5 million shares of common stock and restricted stock units relating to 1.7 million shares of common stock were outstanding at February 1, 2020, and stock options to purchase 15.3 million of shares of common stock and restricted stock units relating to 0.9 million shares of common stock were outstanding at February 2, 2019, but were not included in the computation of diluted earnings per share attributable to Macy's, Inc. shareholders for 2019 or 2018, respectively, because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.

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