XML 52 R34.htm IDEA: XBRL DOCUMENT
v3.25.1

Properties and Leases (Tables) | 12 Months Ended
--- | ---
Feb. 01, 2025
Property Plant and Equipment and Leases of Lessee [Abstract] |
Schedule of Major Classes of Property, Plant and Equipment, Net | The major classes of property and equipment, net as of February 1, 2025 and February 3, 2024 are as follows:
| February 1, 2025 |  | February 3, 2024
(millions)
Land | $ | 1,168 |  |  | $ | 1,262 |
Buildings on owned land | 3,134 |  |  | 3,205 |
Buildings on leased land and leasehold improvements | 1,334 |  |  | 1,332 |
Fixtures and equipment | 3,611 |  |  | 3,785 |
| 9,247 |  |  | 9,584 |
Less accumulated depreciation and amortization | 4,177 |  |  | 4,276 |
| $ | 5,070 |  |  | $ | 5,308 |
Schedule of ROU Assets and Lease Liabilities | ROU assets and lease liabilities consist of:
|  | Classification |  | February 1, 2025 |  | February 3, 2024
|  | (millions)
Assets |  |  |  |  |  |
Finance lease assets (a) |  | Right of Use Assets |  | $ | 10 |  |  | $ | 8 |
Operating lease assets (b) |  | Right of Use Assets |  | 2,233 |  |  | 2,297 |
Total lease assets |  |  |  | $ | 2,243 |  |  | $ | 2,305 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Finance (a) |  | Accounts payable and accrued liabilities |  | $ | 2 |  |  | $ | 2 |
Operating (b) |  | Accounts payable and accrued liabilities |  | 365 |  |  | 356 |
Noncurrent |  |  |  |  |  |
Finance (a) |  | Long-Term Lease Liabilities |  | 13 |  |  | 12 |
Operating (b) |  | Long-Term Lease Liabilities |  | 2,914 |  |  | 2,974 |
Total lease liabilities |  |  |  | $ | 3,294 |  |  | $ | 3,344 |
(a) | Finance lease assets are recorded net of accumulated amortization of $11 million and $14 million as of February 1, 2025 and February 3, 2024, respectively. As of both February 1, 2025 and February 3, 2024, finance lease assets included $1 million and noncurrent lease liabilities included $1 million of non-lease components.
(b) | As of February 1, 2025, operating lease assets included $317 million of non-lease components and current and noncurrent lease liabilities included $36 million and $356 million, respectively, of non-lease components. As of February 3, 2024, operating lease assets included $322 million of non-lease components and current and noncurrent lease liabilities included $36 million and $356 million, respectively, of non-lease components.
Schedule of Components of Net Lease Expense | The components of net lease expense, recognized primarily within selling, general and administrative expenses are disclosed below. For 2024, 2023 and 2022, lease expense included $89 million, $84 million and $79 million, respectively, related to non-lease components.
| 2024 |  | 2023 |  | 2022
(millions)
Real estate |  |  |  |  |
Operating leases (c) – |  |  |  |  |
Minimum rents | $ | 375 |  |  | $ | 372 |  |  | $ | 361 |
Variable rents | 63 |  |  | 55 |  |  | 54 |
| 438 |  |  | 427 |  |  | 415 |
Less income from subleases – |  |  |  |  |
Operating leases (d) | (50) |  |  | (46) |  |  | (39) |
| $ | 388 |  |  | $ | 381 |  |  | $ | 376 |
Personal property – Operating leases | $ | 5 |  |  | $ | 6 |  |  | $ | 7 |
(c) | Certain supply chain operating lease expense amounts are included in cost of sales.
(d) | Represents sublease income from certain corporate office locations.
Schedule of Maturity of Lease Liabilities | As of February 1, 2025, the maturity of lease liabilities is as follows:
| Finance Leases |  | Operating Leases (e and f) |  | Total
(millions)
Fiscal year |  |  |  |  |
2025 | $ | 3 |  |  | $ | 365 |  |  | $ | 368 |
2026 | 3 |  |  | 388 |  |  | 391 |
2027 | 3 |  |  | 369 |  |  | 372 |
2028 | 2 |  |  | 349 |  |  | 351 |
2029 | 2 |  |  | 321 |  |  | 323 |
After 2029 | 10 |  |  | 4,535 |  |  | 4,545 |
Total undiscounted lease payments | 23 |  |  | 6,327 |  |  | 6,350 |
Less amount representing interest | 8 |  |  | 3,048 |  |  | 3,056 |
Total lease liabilities | $ | 15 |  |  | $ | 3,279 |  |  | $ | 3,294 |
(e) | Operating lease payments include $2,552 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $40 million of legally binding minimum lease payments for leases signed but not yet commenced.
(f) | Operating lease payments include $955 million related to non-lease component payments, with $659 million of such payments related to options to extend lease terms that are reasonably certain of being exercised.
Schedule of Maturity of Lease Liabilities | As of February 1, 2025, the maturity of lease liabilities is as follows:
| Finance Leases |  | Operating Leases (e and f) |  | Total
(millions)
Fiscal year |  |  |  |  |
2025 | $ | 3 |  |  | $ | 365 |  |  | $ | 368 |
2026 | 3 |  |  | 388 |  |  | 391 |
2027 | 3 |  |  | 369 |  |  | 372 |
2028 | 2 |  |  | 349 |  |  | 351 |
2029 | 2 |  |  | 321 |  |  | 323 |
After 2029 | 10 |  |  | 4,535 |  |  | 4,545 |
Total undiscounted lease payments | 23 |  |  | 6,327 |  |  | 6,350 |
Less amount representing interest | 8 |  |  | 3,048 |  |  | 3,056 |
Total lease liabilities | $ | 15 |  |  | $ | 3,279 |  |  | $ | 3,294 |
(e) | Operating lease payments include $2,552 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $40 million of legally binding minimum lease payments for leases signed but not yet commenced.
(f) | Operating lease payments include $955 million related to non-lease component payments, with $659 million of such payments related to options to extend lease terms that are reasonably certain of being exercised.
Schedule of Supplemental Information Regarding Assumptions and Cash Flows | Additional supplemental information regarding assumptions and cash flows for operating and finance leases is as follows:
Lease Term and Discount Rate |  | February 1, 2025 |  | February 3, 2024
Weighted-average remaining lease term (years) |  |  |  |
Finance leases |  | 10.8 |  | 11.2
Operating leases |  | 19.6 |  | 20.4
Weighted-average discount rate |  |  |  |
Finance leases |  | 7.15 | % |  | 6.75 | %
Operating leases |  | 6.80 | % |  | 6.71 | %
Other Information |  | 52 Weeks Ended February 1, 2025 |  | 53 Weeks Ended February 3, 2024
|  | (millions)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows used from operating leases |  | $ | 362 |  |  | $ | 370 |
Financing cash flows used from financing leases |  | 3 |  |  | 3 |
Leased assets obtained in exchange for new operating lease liabilities |  | 117 |  |  | 214 |

X
- Definition Lessee Lease [Table Text Block] + References No definition available. + Details
Name: | m_LesseeLeaseTableTextBlock
Namespace Prefix: | m_
Data Type: | dtr-types1: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_ScheduleOfSupplementalInformationForLeaseAssumptionsAndCashFlowsTableTableTextBlock
Namespace Prefix: | m_
Data Type: | dtr-types1: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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration