2018 Q1 Form 10-K Financial Statement

#000079436718000036 Filed on April 04, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2018 2017 Q4
Revenue $8.901B $24.84B $5.281B
YoY Change 4.53% -3.65% -6.13%
Cost Of Revenue $5.323B $15.18B $3.152B
YoY Change 1.37% -3.1% -6.91%
Gross Profit $3.578B $9.685B $2.106B
YoY Change 9.62% -4.65% -5.98%
Gross Profit Margin 40.2% 38.99% 39.88%
Selling, General & Admin $2.548B $8.954B $2.188B
YoY Change 9.12% -3.27% 3.6%
% of Gross Profit 71.21% 92.45% 103.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $250.0M $991.0M $254.0M
YoY Change -7.75% -6.33% -4.87%
% of Gross Profit 6.99% 10.23% 12.06%
Operating Expenses $2.548B $8.954B $2.188B
YoY Change 9.12% -3.27% 3.6%
Operating Profit $1.030B $1.864B $118.0M
YoY Change 10.87% 35.96% 10.28%
Interest Expense -$73.00M $321.0M $76.00M
YoY Change -16.09% -12.53% -7.32%
% of Operating Profit -7.09% 17.22% 64.41%
Other Income/Expense, Net $15.00M $57.00M $15.00M
YoY Change
Pretax Income $1.166B $1.516B $37.00M
YoY Change 60.16% 57.1% 42.31%
Income Tax $407.0M -$39.00M $10.00M
% Of Pretax Income 34.91% -2.57% 27.03%
Net Earnings $1.347B $1.566B $30.00M
YoY Change 183.58% 149.76% 76.47%
Net Earnings / Revenue 15.13% 6.31% 0.57%
Basic Earnings Per Share $5.13 $0.10
Diluted Earnings Per Share $4.382M $5.10 $0.10
COMMON SHARES
Basic Shares Outstanding 305.3M shares 305.4M shares 305.5M shares
Diluted Shares Outstanding 306.8M shares 306.5M shares

Balance Sheet

Concept 2018 Q1 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.455B $1.455B $534.0M
YoY Change 12.18% 12.18% 16.85%
Cash & Equivalents $1.455B $1.455B $534.0M
Short-Term Investments
Other Short-Term Assets $650.0M $650.0M $432.0M
YoY Change 59.31% 59.31% -4.85%
Inventory $5.178B $5.178B $7.065B
Prepaid Expenses $650.0M $610.0M
Receivables $363.0M $363.0M $219.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.646B $7.646B $8.428B
YoY Change 0.26% 0.26% -4.44%
LONG-TERM ASSETS
Property, Plant & Equipment $6.672B $6.672B $6.742B
YoY Change -4.92% -4.92% -5.69%
Goodwill $3.897B $3.897B
YoY Change 0.0% 0.0%
Intangibles $891.0M $491.0M
YoY Change -1.11% -1.6%
Long-Term Investments
YoY Change
Other Assets $880.0M $880.0M $835.0M
YoY Change 8.24% 8.24% -8.14%
Total Long-Term Assets $11.94B $11.94B $11.97B
YoY Change -2.36% -2.36% -3.93%
TOTAL ASSETS
Total Short-Term Assets $7.646B $7.646B $8.428B
Total Long-Term Assets $11.94B $11.94B $11.97B
Total Assets $19.58B $19.58B $20.39B
YoY Change -1.35% -1.35% -4.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.590B $2.325B $3.173B
YoY Change 11.74% 6.8% -5.99%
Accrued Expenses $1.331B
YoY Change 9.28%
Deferred Revenue $906.0M $707.0M
YoY Change -0.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $22.00M $22.00M $22.00M
YoY Change -92.88% -92.88% -97.65%
Total Short-Term Liabilities $5.179B $5.179B $6.486B
YoY Change -8.29% -8.29% -10.45%
LONG-TERM LIABILITIES
Long-Term Debt $5.861B $5.861B $6.297B
YoY Change -10.68% -10.68% -4.05%
Other Long-Term Liabilities $1.662B $1.662B $1.750B
YoY Change -11.45% -11.45% -17.8%
Total Long-Term Liabilities $1.662B $7.523B $1.750B
YoY Change -11.45% -10.85% -17.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.179B $5.179B $6.486B
Total Long-Term Liabilities $1.662B $7.523B $1.750B
Total Liabilities $6.841B $13.84B $8.236B
YoY Change -9.08% -10.88% -12.12%
SHAREHOLDERS EQUITY
Retained Earnings $7.246B
YoY Change 19.02%
Common Stock $679.0M
YoY Change 9.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.456B
YoY Change -2.22%
Treasury Stock Shares
Shareholders Equity $5.745B $5.745B $4.282B
YoY Change
Total Liabilities & Shareholders Equity $19.58B $19.58B $20.39B
YoY Change -1.35% -1.35% -4.14%

Cashflow Statement

Concept 2018 Q1 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $1.347B $1.566B $30.00M
YoY Change 183.58% 149.76% 76.47%
Depreciation, Depletion And Amortization $250.0M $991.0M $254.0M
YoY Change -7.75% -6.33% -4.87%
Cash From Operating Activities $1.577B $1.976B -$147.0M
YoY Change 5.63% 9.72% -41.67%
INVESTING ACTIVITIES
Capital Expenditures -$210.0M $487.0M -$178.0M
YoY Change -9.09% -18.29% -24.89%
Acquisitions $0.00
YoY Change
Other Investing Activities $188.0M $2.000M $59.00M
YoY Change -64.86% -50.0% -29.76%
Cash From Investing Activities -$22.00M -$351.0M -$119.0M
YoY Change -107.24% 44.44% -22.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000M
YoY Change -99.68%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -630.0M -$1.446B 31.00M
YoY Change -34.17% 1.4% -122.46%
NET CHANGE
Cash From Operating Activities 1.577B $1.976B -147.0M
Cash From Investing Activities -22.00M -$351.0M -119.0M
Cash From Financing Activities -630.0M -$1.446B 31.00M
Net Change In Cash 925.0M $179.0M -235.0M
YoY Change 10.12% 35.61% -56.72%
FREE CASH FLOW
Cash From Operating Activities $1.577B $1.976B -$147.0M
Capital Expenditures -$210.0M $487.0M -$178.0M
Free Cash Flow $1.787B $1.489B $31.00M
YoY Change 3.65% 23.57% -306.67%

Facts In Submission

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us-gaap Cost Of Goods And Services Sold
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2027
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us-gaap Earnings Per Share Basic
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209000000 USD
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544000000 USD
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2398000000 USD
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2240000000 USD
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CY2017 us-gaap Gross Profit
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us-gaap Gross Profit
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7000000 USD
CY2017 us-gaap Impairment Of Long Lived Assets Held For Use
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258000000 USD
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53000000 USD
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1678000000 USD
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952000000 USD
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1507000000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
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0 USD
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IncomeLossFromEquityMethodInvestments
0 USD
CY2018 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2016 us-gaap Income Tax Expense Benefit
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608000000 USD
CY2017 us-gaap Income Tax Expense Benefit
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341000000 USD
CY2018 us-gaap Income Tax Expense Benefit
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-29000000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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3000000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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512000000 USD
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us-gaap Net Income Loss
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65000000 USD
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82000000 USD
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CY2017 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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38000000 USD
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37000000 USD
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CY2017 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
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60000000 USD
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147000000 USD
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19000000 USD
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14000000 USD
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13000000 USD
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90000000 USD
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1662000000 USD
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24000000 USD
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2001000000 USD
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316000000 USD
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1000000 USD
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336000000 USD
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316000000 USD
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273000000 USD
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4000000 USD
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3000000 USD
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1000000 USD
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456000000 USD
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459000000 USD
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461000000 USD
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212000000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2016 us-gaap Payments To Acquire Productive Assets
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909000000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
239000000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
349000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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777000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
596000000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
487000000 USD
CY2016 us-gaap Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
0 USD
CY2017 us-gaap Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
98000000 USD
CY2018 us-gaap Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
105000000 USD
CY2017Q1 us-gaap Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
37000000 USD
CY2018Q1 us-gaap Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
37000000 USD
CY2017Q1 us-gaap Postemployment Benefits Liability Current
PostemploymentBenefitsLiabilityCurrent
208000000 USD
CY2018Q1 us-gaap Postemployment Benefits Liability Current
PostemploymentBenefitsLiabilityCurrent
194000000 USD
CY2018Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
125000000 shares
CY2018Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
408000000 USD
CY2018Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
448000000 USD
CY2016 us-gaap Proceeds From Dividends Received
ProceedsFromDividendsReceived
0 USD
CY2017 us-gaap Proceeds From Dividends Received
ProceedsFromDividendsReceived
0 USD
CY2018 us-gaap Proceeds From Dividends Received
ProceedsFromDividendsReceived
0 USD
CY2016 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
2000000 USD
CY2017 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
4000000 USD
CY2018 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
12000000 USD
CY2016 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
499000000 USD
CY2017 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
0 USD
CY2018 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
0 USD
CY2016 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
163000000 USD
CY2017 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
36000000 USD
CY2018 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
6000000 USD
CY2016 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
5000000 USD
CY2017 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
6000000 USD
CY2018 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
13000000 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-87000000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
58000000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-16000000 USD
CY2016 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
347000000 USD
CY2017 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-751000000 USD
CY2018 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-954000000 USD
CY2016 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
-1838000000 USD
CY2017 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
-280000000 USD
CY2018 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
5000000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
204000000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
673000000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
411000000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
125000000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
35000000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6000000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
1070000000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
611000000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
1536000000 USD
CY2017Q1 us-gaap Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
147000000 USD
CY2018Q1 us-gaap Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
24000000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11873000000 USD
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11282000000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7017000000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6672000000 USD
CY2017Q1 us-gaap Receivables Net Current
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522000000 USD
CY2018Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
363000000 USD
CY2016 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
152000000 USD
CY2017 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
751000000 USD
CY2018 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
954000000 USD
CY2016 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
17000000 USD
CY2017 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
46000000 USD
CY2018 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
13000000 USD
CY2016 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
288000000 USD
CY2016Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
0 USD
CY2016Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
249000000 USD
CY2016Q4 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
0 USD
CY2017Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
230000000 USD
CY2017 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
479000000 USD
CY2017Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
0 USD
CY2017Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
0 USD
CY2017Q4 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
33000000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
152000000 USD
CY2018 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
186000000 USD
CY2017Q1 us-gaap Restructuring Reserve
RestructuringReserve
166000000 USD
CY2018Q1 us-gaap Restructuring Reserve
RestructuringReserve
93000000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
6088000000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7174000000 USD
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
27079000000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
5771000000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
5866000000 USD
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
5626000000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
8515000000 USD
CY2017 us-gaap Sales Revenue Net
SalesRevenueNet
25778000000 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
5338000000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
5552000000 USD
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
5281000000 USD
us-gaap Sales Revenue Net
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8666000000 USD
CY2018 us-gaap Sales Revenue Net
SalesRevenueNet
24837000000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8468000000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1980000000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2047000000 USD
CY2016Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2112000000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2335000000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8474000000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1880000000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1977000000 USD
CY2017Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1995000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2279000000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8131000000 USD
CY2016 us-gaap Severance Costs1
SeveranceCosts1
123000000 USD
CY2017 us-gaap Severance Costs1
SeveranceCosts1
168000000 USD
CY2018 us-gaap Severance Costs1
SeveranceCosts1
120000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
65000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
61000000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
58000000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.027
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.038
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.062
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.433
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.427
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.418
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.017
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.014
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.019
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
13000000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
12810000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
38.38
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
127000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3586000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
3801000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.78
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.14
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.84
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20478000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20376000 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
42.18
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
38.80
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
6305000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
4000000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
38.57
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.09
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
46.46
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
26.12
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
23000000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y4M6D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y5M6D
CY2016 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
72000000 USD
CY2017 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
33000000 USD
CY2018 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
56000000 USD
CY2016 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
4433000 shares
CY2017 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
1525000 shares
CY2018 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
471000 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
317000 shares
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
162000000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
17000000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3000000 USD
CY2016 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
52000000 USD
CY2017 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
43000000 USD
CY2018 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
34000000 USD
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
18000000000 USD
CY2018Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1716000000 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2017 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 USD
CY2016 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
34807000 shares
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
7874000 shares
CY2016 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2000000000 USD
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
316000000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
4323000000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
5673000000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5378000000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4253000000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4322000000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5661000000 USD
CY2018 us-gaap Stockholders Equity Other
StockholdersEquityOther
25000000 USD
CY2018Q1 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
16000000 USD
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
-13000 shares
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
-5000 shares
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
-38000 shares
CY2017Q1 us-gaap Treasury Stock Value
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1489000000 USD
CY2018Q1 us-gaap Treasury Stock Value
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1456000000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2001000000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
316000000 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1000000 USD
CY2017Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
29000000 USD
CY2018Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
25000000 USD
CY2017Q1 us-gaap Undistributed Net Realized Gain Or Loss On Sale Of Properties
UndistributedNetRealizedGainOrLossOnSaleOfProperties
340000000 USD
CY2018Q1 us-gaap Undistributed Net Realized Gain Or Loss On Sale Of Properties
UndistributedNetRealizedGainOrLossOnSaleOfProperties
65000000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
172000000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
178000000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
167000000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
140000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
12000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
23000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
4000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
2000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
2000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-3000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
30000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
16000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
7000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
55000000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
51000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
14000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
11000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
9000000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
109000000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
111000000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
9000000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
29000000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Explanation Of Change
ValuationAllowanceDeferredTaxAssetExplanationOfChange
11
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
333000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
310800000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
306800000 shares
CY2016 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
800000 shares
CY2017 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
900000 shares
CY2018 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
900000 shares
CY2016 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
327600000 shares
CY2017 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
307600000 shares
CY2018 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
304500000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
328400000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
308500000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
305400000 shares
CY2017Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
119000000 USD
CY2018Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
108000000 USD
CY2015Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
505000000 USD
CY2016Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
508000000 USD
CY2017Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
503000000 USD
CY2018Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
497000000 USD
CY2018 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s fiscal year ends on the Saturday closest to January&#160;31. Fiscal years </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;"> ended on </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">February&#160;3, 2018</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">January&#160;28, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">January&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, respectively. Fiscal year 2017 includes 53 weeks and fiscal years 2016 and 2015 included 52 weeks. References to years in the Consolidated Financial Statements relate to fiscal years rather than calendar years.</font></div></div>
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Macy&#8217;s, Inc. and subsidiaries (the &#8220;Company&#8221;) is an omnichannel retail organization operating stores, websites and mobile applications under three brands (Macy&#8217;s, Bloomingdale&#8217;s and bluemercury) that sell a wide range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods. The Company has stores in </font><font style="font-family:inherit;font-size:10pt;">44</font><font style="font-family:inherit;font-size:10pt;"> states, the District of Columbia, Guam and Puerto Rico. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">February&#160;3, 2018</font><font style="font-family:inherit;font-size:10pt;">, the Company&#8217;s operations and reportable segments were conducted through Macy&#8217;s, Bloomingdale&#8217;s, Bloomingdale&#8217;s The Outlet, Macy's Backstage, bluemercury and Macy's China Limited, which are aggregated into one reporting segment in accordance with the Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) Topic 280, Segment Reporting. The metrics used by management to assess the performance of the Company&#8217;s operating divisions include sales trends, gross margin rates, expense rates, and rates of earnings before interest and taxes (&#8220;EBIT&#8221;) and earnings before interest, taxes, depreciation and amortization (&#8220;EBITDA&#8221;). The Company&#8217;s operating divisions have historically had similar economic characteristics and are expected to have similar economic characteristics and long-term financial performance in future periods.</font></div></div>
CY2018 us-gaap Revenue Recognition Loyalty Programs
RevenueRecognitionLoyaltyPrograms
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company maintains customer loyalty programs in which customers earn points based on their spending. Under the Macy's brand, the Company launched a new points-based loyalty program in October 2017 for proprietary cardholders. Under the Macy&#8217;s brand, the Company also currently participates in a coalition program (Plenti) whereby customers can earn points based on spending levels with bonus opportunities through various targeted offers and promotions at Macy's and other partners.&#160;The Company will no longer participate in Plenti as of May 3, 2018. Under the Bloomingdale&#8217;s brand, the Company offers a tender neutral points-based program. Benefits also include free delivery and gift wrap services. For these programs, the Company recognizes the estimated net amount of the rewards that will be earned and redeemed as a reduction to net sales.</font></div></div>
CY2018 us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net sales include merchandise sales, licensed department income, shipping and handling fees, sales of private brand goods directly to third party retailers and sales of excess inventory to third parties. Sales of merchandise are recorded at the time of delivery to the customer and are reported net of merchandise returns. The Company licenses third parties to operate certain departments in its stores. The Company receives commissions from these licensed departments based on a percentage of net sales. Commissions are recognized as income at the time merchandise is sold to customers. Sales taxes collected from customers are not considered revenue and are included in accounts payable and accrued liabilities until remitted to the taxing authorities. </font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates and assumptions are subject to inherent uncertainties, which may result in actual amounts differing from reported amounts.</font></div></div>

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