$M
Macy's, Inc.

2021 Q2 Form 10-Q Financial Statement

#000156459021031943 Filed on June 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $4.706B $3.017B
YoY Change 55.98% -45.19%
Cost Of Revenue $2.889B $2.501B
YoY Change 15.51% -26.51%
Gross Profit $1.817B $516.0M
YoY Change 252.13% -75.44%
Gross Profit Margin 38.61% 17.1%
Selling, General & Admin $1.748B $1.598B
YoY Change 9.39% -24.34%
% of Gross Profit 96.2% 309.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $224.0M $237.0M
YoY Change -5.49% 0.42%
% of Gross Profit 12.33% 45.93%
Operating Expenses $1.748B $1.598B
YoY Change 9.39% -24.34%
Operating Profit $215.0M -$4.119B
YoY Change -105.22% -2129.06%
Interest Expense $79.00M $49.00M
YoY Change 61.22% -9.26%
% of Operating Profit 36.74%
Other Income/Expense, Net $15.00M $9.000M
YoY Change 66.67% 28.57%
Pretax Income $140.0M -$4.157B
YoY Change -103.37% -2650.31%
Income Tax $37.00M -$576.0M
% Of Pretax Income 26.43%
Net Earnings $103.0M -$3.581B
YoY Change -102.88% -2733.09%
Net Earnings / Revenue 2.19% -118.69%
Basic Earnings Per Share $0.33 -$11.53
Diluted Earnings Per Share $0.32 -$11.53
COMMON SHARES
Basic Shares Outstanding 311.6M 310.6M
Diluted Shares Outstanding 318.6M 310.6M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.798B $1.523B
YoY Change 18.06% 106.65%
Cash & Equivalents $1.798B $1.523B
Short-Term Investments
Other Short-Term Assets $1.007B $519.0M
YoY Change 94.03% -18.01%
Inventory $4.230B $4.923B
Prepaid Expenses $1.007B $519.0M
Receivables $205.0M $170.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.240B $7.135B
YoY Change 1.47% 0.42%
LONG-TERM ASSETS
Property, Plant & Equipment $5.798B $6.425B
YoY Change -9.76% -1.14%
Goodwill $828.0M $838.0M
YoY Change -1.19% -78.56%
Intangibles $436.0M $842.0M
YoY Change -48.22% -0.24%
Long-Term Investments
YoY Change
Other Assets $927.0M $1.072B
YoY Change -13.53% 50.56%
Total Long-Term Assets $10.84B $11.45B
YoY Change -5.28% -19.34%
TOTAL ASSETS
Total Short-Term Assets $7.240B $7.135B
Total Long-Term Assets $10.84B $11.45B
Total Assets $18.08B $18.58B
YoY Change -2.69% -12.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.545B $2.196B
YoY Change 15.89% 12.62%
Accrued Expenses $2.616B $2.757B
YoY Change -5.11% -3.13%
Deferred Revenue $580.0M $732.0M
YoY Change -20.77% 5.17%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $294.0M $739.0M
YoY Change -60.22% 1659.52%
Total Short-Term Liabilities $5.518B $5.772B
YoY Change -4.4% 15.0%
LONG-TERM LIABILITIES
Long-Term Debt $4.558B $4.918B
YoY Change -7.32% 4.53%
Other Long-Term Liabilities $1.297B $1.327B
YoY Change -2.26% 5.48%
Total Long-Term Liabilities $1.297B $1.327B
YoY Change -2.26% 5.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.518B $5.772B
Total Long-Term Liabilities $1.297B $1.327B
Total Liabilities $6.815B $7.099B
YoY Change -4.0% 13.1%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.675B $2.697B
YoY Change
Total Liabilities & Shareholders Equity $18.08B $18.58B
YoY Change -2.69% -12.75%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $103.0M -$3.581B
YoY Change -102.88% -2733.09%
Depreciation, Depletion And Amortization $224.0M $237.0M
YoY Change -5.49% 0.42%
Cash From Operating Activities $494.0M -$164.0M
YoY Change -401.22% 331.58%
INVESTING ACTIVITIES
Capital Expenditures $61.00M $122.0M
YoY Change -50.0% -40.2%
Acquisitions
YoY Change
Other Investing Activities -$17.00M -$26.00M
YoY Change -34.62% -471.43%
Cash From Investing Activities -$74.00M -$113.0M
YoY Change -34.51% -52.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $4.000M
YoY Change 33.33%
Cash From Financing Activities -300.0M 1.148B
YoY Change -126.13% -826.58%
NET CHANGE
Cash From Operating Activities 494.0M -164.0M
Cash From Investing Activities -74.00M -113.0M
Cash From Financing Activities -300.0M 1.148B
Net Change In Cash 120.0M 871.0M
YoY Change -86.22% -301.15%
FREE CASH FLOW
Cash From Operating Activities $494.0M -$164.0M
Capital Expenditures $61.00M $122.0M
Free Cash Flow $433.0M -$286.0M
YoY Change -251.4% 18.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-15000000
CY2020Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-9000000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
103000000
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-11.53
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.53
CY2021Q2 us-gaap Profit Loss
ProfitLoss
103000000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-3581000000
CY2021Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
10000000
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
12000000
CY2021Q2 m Net Earnings From Credit Operations
NetEarningsFromCreditOperations
159000000
CY2020Q2 m Net Earnings From Credit Operations
NetEarningsFromCreditOperations
131000000
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2889000000
CY2020Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2501000000
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1748000000
CY2020Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1598000000
CY2021Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
6000000
CY2020Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
16000000
CY2021Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
19000000
CY2020Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3184000000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
215000000
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4119000000
CY2021Q2 us-gaap Interest Expense
InterestExpense
79000000
CY2020Q2 us-gaap Interest Expense
InterestExpense
49000000
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-11000000
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2021Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
0
CY2020Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
2000000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
140000000
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4157000000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37000000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-576000000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-3581000000
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2020Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
170000000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9000000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
111000000
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-3572000000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1798000000
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1679000000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1523000000
CY2021Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
205000000
CY2021Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
276000000
CY2021Q2 us-gaap Inventory Net
InventoryNet
4230000000
CY2021Q1 us-gaap Inventory Net
InventoryNet
3774000000
CY2020Q2 us-gaap Inventory Net
InventoryNet
4923000000
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1007000000
CY2021Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
455000000
CY2020Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
519000000
CY2021Q2 us-gaap Assets Current
AssetsCurrent
7240000000
CY2021Q1 us-gaap Assets Current
AssetsCurrent
6184000000
CY2020Q2 us-gaap Assets Current
AssetsCurrent
7135000000
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4550000000
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4400000000
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4560000000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5798000000
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5940000000
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6425000000
CY2021Q2 m Entire Right Of Use Asset
EntireRightOfUseAsset
2853000000
CY2021Q1 m Entire Right Of Use Asset
EntireRightOfUseAsset
2878000000
CY2020Q2 m Entire Right Of Use Asset
EntireRightOfUseAsset
2672000000
CY2021Q2 us-gaap Goodwill
Goodwill
828000000
CY2021Q1 us-gaap Goodwill
Goodwill
828000000
CY2020Q2 us-gaap Goodwill
Goodwill
838000000
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
436000000
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
437000000
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
439000000
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
927000000
CY2021Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1439000000
CY2020Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1072000000
CY2021Q2 us-gaap Assets
Assets
18082000000
CY2021Q1 us-gaap Assets
Assets
17706000000
CY2020Q2 us-gaap Assets
Assets
18581000000
CY2021Q2 us-gaap Debt Current
DebtCurrent
294000000
CY2021Q1 us-gaap Debt Current
DebtCurrent
452000000
CY2020Q2 us-gaap Debt Current
DebtCurrent
739000000
CY2021Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2545000000
CY2020Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2196000000
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2616000000
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2927000000
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2757000000
CY2021Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
63000000
CY2021Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
0
CY2020Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
80000000
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
5518000000
CY2021Q1 us-gaap Liabilities Current
LiabilitiesCurrent
5357000000
CY2020Q2 us-gaap Liabilities Current
LiabilitiesCurrent
5772000000
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4558000000
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4407000000
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4918000000
CY2021Q2 m Noncurrent Lease Liability
NoncurrentLeaseLiability
3166000000
CY2021Q1 m Noncurrent Lease Liability
NoncurrentLeaseLiability
3185000000
CY2020Q2 m Noncurrent Lease Liability
NoncurrentLeaseLiability
2923000000
CY2021Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
868000000
CY2021Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
908000000
CY2020Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
944000000
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1297000000
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1296000000
CY2020Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1327000000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
2675000000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
2553000000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
2697000000
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18082000000
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18581000000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2553000000
CY2021Q2 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
900000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7000000.0
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
318600000
CY2021Q2 m Macys Sales To Entire Company Sales
MacysSalesToEntireCompanySales
0.87
CY2021Q2 m Percentage Of Digital Sales To Net Sales
PercentageOfDigitalSalesToNetSales
0.37
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4706000000
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
580000000
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
616000000
CY2021Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
2000000
CY2020Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3000000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8000000
CY2021Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1978000000
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
17706000000
CY2021Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
103000000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8000000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11000000
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2675000000
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6377000000
CY2020Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-3581000000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9000000
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3775
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
117000000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6000000
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1000000
CY2020Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
-4000000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2697000000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
103000000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-3581000000
CY2021Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
19000000
CY2020Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3184000000
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
224000000
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
237000000
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
11000000
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
6000000
CY2021Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
6000000
CY2020Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
16000000
CY2021Q2 us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
10000000
CY2020Q2 us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
12000000
CY2021Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
8000000
CY2020Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0
CY2021Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-43000000
CY2020Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-225000000
CY2021Q2 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-71000000
CY2020Q2 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-236000000
CY2021Q2 us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
457000000
CY2020Q2 us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
-265000000
CY2021Q2 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
56000000
CY2020Q2 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-12000000
CY2021Q2 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
674000000
CY2020Q2 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
629000000
CY2021Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-114000000
CY2020Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-531000000
CY2021Q2 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
75000000
CY2020Q2 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-353000000
CY2021Q2 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
25000000
CY2020Q2 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
39000000
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
494000000
CY2020Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-164000000
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
61000000
CY2020Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
122000000
CY2021Q2 us-gaap Payments For Software
PaymentsForSoftware
38000000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1602000000
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
52000000
CY2020Q2 us-gaap Interest Paid Net
InterestPaidNet
38000000
CY2020Q2 us-gaap Payments For Software
PaymentsForSoftware
38000000
CY2021Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8000000
CY2020Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
21000000
CY2021Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-17000000
CY2020Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-26000000
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-74000000
CY2020Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-113000000
CY2021Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
500000000
CY2020Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1500000000
CY2021Q2 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9000000
CY2020Q2 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
CY2021Q2 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
12000000
CY2020Q2 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0
CY2021Q2 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
503000000
CY2020Q2 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
4000000
CY2021Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0
CY2020Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
117000000
CY2021Q2 us-gaap Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
-276000000
CY2020Q2 us-gaap Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
-231000000
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-300000000
CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1148000000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
120000000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
871000000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1754000000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
731000000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1874000000
CY2021Q2 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
0
CY2020Q2 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
3000000
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5000000
CY2020Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
76000000
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
79000000
CY2021Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
43
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
18000000
CY2020Q2 m Unusualor Infrequent Itemsor Both Goodwill Impairment
UnusualorInfrequentItemsorBothGoodwillImpairment
3070000000
CY2020Q2 m Unusual Or Infrequent Items Or Both Tangible Asset Impairment
UnusualOrInfrequentItemsOrBothTangibleAssetImpairment
80000000
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3150000000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
103000000
CY2021Q2 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") 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, including the ultimate financial impact of the COVID-19 pandemic, which may result in actual amounts differing from reported amounts.</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Consolidated Financial Statements for the 13 weeks ended May 1, 2021 and May 2, 2020, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly, in all material respects, the consolidated financial position and results of operations of the Company.</p>
CY2021Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
310700000
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
18000000
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3150000000
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
-1000000
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
25000000
CY2021Q2 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2000000
CY2020Q2 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
9000000
CY2021Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
19000000
CY2020Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3184000000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-3581000000
CY2020Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
309700000
CY2020Q2 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
900000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
103000000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
311600000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3581000000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
310600000
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-11.53
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
103000000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3581000000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
310600000
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.53
CY2020Q2 m Macys Sales To Entire Company Sales
MacysSalesToEntireCompanySales
0.87
CY2020Q2 m Percentage Of Digital Sales To Net Sales
PercentageOfDigitalSalesToNetSales
0.43
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3017000000
CY2021Q2 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
225000000
CY2021Q1 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
159000000
CY2020Q2 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
184000000
CY2021Q2 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
136000000
CY2021Q1 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
103000000
CY2020Q2 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
130000000
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
732000000
CY2021Q2 m Number Of Hours Required For Participation In Defined Benefit And Defined Contribution Plans
NumberOfHoursRequiredForParticipationInDefinedBenefitAndDefinedContributionPlans
1000
CY2021Q2 m Total Retirement Expense
TotalRetirementExpense
8000000
CY2020Q2 m Total Retirement Expense
TotalRetirementExpense
5000000
CY2021Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
503000000
CY2020Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
3000000
CY2021Q1 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
500000000
CY2021Q1 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
17000000
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-11000000
CY2021Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
82000000
CY2020Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
102000000
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
4643000000
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
3698000000

Files In Submission

Name View Source Status
0001564590-21-031943-index-headers.html Edgar Link pending
0001564590-21-031943-index.html Edgar Link pending
0001564590-21-031943.txt Edgar Link pending
0001564590-21-031943-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gatwwvaterrk000001.jpg Edgar Link pending
m-10q_20210501.htm Edgar Link pending
m-10q_20210501_htm.xml Edgar Link completed
m-20210501.xsd Edgar Link pending
m-20210501_cal.xml Edgar Link unprocessable
m-20210501_def.xml Edgar Link unprocessable
m-20210501_lab.xml Edgar Link unprocessable
m-20210501_pre.xml Edgar Link unprocessable
m-ex101_142.htm Edgar Link pending
m-ex311_9.htm Edgar Link pending
m-ex312_8.htm Edgar Link pending
m-ex321_6.htm Edgar Link pending
m-ex322_7.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending