$M
Macy's, Inc.

2021 Q4 Form 10-Q Financial Statement

#000156459021059577 Filed on December 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4 2020 Q2
Revenue $5.653B $3.990B $3.017B
YoY Change 41.68% -22.87% -45.19%
Cost Of Revenue $3.207B $2.569B $2.501B
YoY Change 24.83% -17.29% -26.51%
Gross Profit $2.446B $1.421B $516.0M
YoY Change 72.13% -31.25% -75.44%
Gross Profit Margin 43.27% 35.61% 17.1%
Selling, General & Admin $1.973B $1.726B $1.598B
YoY Change 14.31% -21.62% -24.34%
% of Gross Profit 80.66% 121.46% 309.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $224.0M $250.0M $237.0M
YoY Change -10.4% -1.19% 0.42%
% of Gross Profit 9.16% 17.59% 45.93%
Operating Expenses $1.973B $1.726B $1.598B
YoY Change 14.31% -21.62% -24.34%
Operating Profit $473.0M -$127.0M -$4.119B
YoY Change -472.44% -344.23% -2129.06%
Interest Expense -$53.00M $80.00M $49.00M
YoY Change -166.25% 53.85% -9.26%
% of Operating Profit -11.21%
Other Income/Expense, Net $17.00M $16.00M $9.000M
YoY Change 6.25% 100.0% 28.57%
Pretax Income $294.0M -$217.0M -$4.157B
YoY Change -235.48% -2650.31%
Income Tax $55.00M -$126.0M -$576.0M
% Of Pretax Income 18.71%
Net Earnings $239.0M -$91.00M -$3.581B
YoY Change -362.64% -4650.0% -2733.09%
Net Earnings / Revenue 4.23% -2.28% -118.69%
Basic Earnings Per Share $0.78 -$0.29 -$11.53
Diluted Earnings Per Share $0.76 -$0.29 -$11.53
COMMON SHARES
Basic Shares Outstanding 306.9M 311.2M 310.6M
Diluted Shares Outstanding 313.8M 311.2M 310.6M

Balance Sheet

Concept 2021 Q4 2020 Q4 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $316.0M $1.551B $1.523B
YoY Change -79.63% 415.28% 106.65%
Cash & Equivalents $321.0M $1.551B $1.523B
Short-Term Investments
Other Short-Term Assets $922.0M $477.0M $519.0M
YoY Change 93.29% -16.02% -18.01%
Inventory $6.141B $5.144B $4.923B
Prepaid Expenses $922.0M $477.0M $519.0M
Receivables $212.0M $185.0M $170.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.591B $7.357B $7.135B
YoY Change 3.18% -11.37% 0.42%
LONG-TERM ASSETS
Property, Plant & Equipment $8.408B $6.122B $6.425B
YoY Change 37.34% -6.65% -1.14%
Goodwill $828.0M $828.0M $838.0M
YoY Change 0.0% -78.81% -78.56%
Intangibles $435.0M $840.0M $842.0M
YoY Change -48.21% -0.36% -0.24%
Long-Term Investments
YoY Change
Other Assets $1.017B $1.442B $1.072B
YoY Change -29.47% 93.82% 50.56%
Total Long-Term Assets $10.69B $11.86B $11.45B
YoY Change -9.86% -16.77% -19.34%
TOTAL ASSETS
Total Short-Term Assets $7.591B $7.357B $7.135B
Total Long-Term Assets $10.69B $11.86B $11.45B
Total Assets $18.28B $19.21B $18.58B
YoY Change -4.87% -14.78% -12.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.796B $3.267B $2.196B
YoY Change 16.19% -4.67% 12.62%
Accrued Expenses $2.735B $2.848B $2.757B
YoY Change -3.97% -6.5% -3.13%
Deferred Revenue $500.0M $639.0M $732.0M
YoY Change -21.75% -9.36% 5.17%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $140.0M $536.0M $739.0M
YoY Change -73.88% 7557.14% 1659.52%
Total Short-Term Liabilities $6.671B $6.651B $5.772B
YoY Change 0.3% 2.65% 15.0%
LONG-TERM LIABILITIES
Long-Term Debt $3.295B $4.852B $4.918B
YoY Change -32.09% 3.21% 4.53%
Other Long-Term Liabilities $4.335B $1.285B $1.327B
YoY Change 237.35% -2.28% 5.48%
Total Long-Term Liabilities $7.630B $1.285B $1.327B
YoY Change 493.77% -2.28% 5.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.671B $6.651B $5.772B
Total Long-Term Liabilities $7.630B $1.285B $1.327B
Total Liabilities $15.27B $7.936B $7.099B
YoY Change 92.43% 1.82% 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 $3.008B $2.243B $2.697B
YoY Change
Total Liabilities & Shareholders Equity $18.28B $19.21B $18.58B
YoY Change -4.87% -14.78% -12.75%

Cashflow Statement

Concept 2021 Q4 2020 Q4 2020 Q2
OPERATING ACTIVITIES
Net Income $239.0M -$91.00M -$3.581B
YoY Change -362.64% -4650.0% -2733.09%
Depreciation, Depletion And Amortization $224.0M $250.0M $237.0M
YoY Change -10.4% -1.19% 0.42%
Cash From Operating Activities -$124.0M $251.0M -$164.0M
YoY Change -149.4% -241.01% 331.58%
INVESTING ACTIVITIES
Capital Expenditures -$155.0M -$97.00M $122.0M
YoY Change 59.79% -68.81% -40.2%
Acquisitions
YoY Change
Other Investing Activities $96.00M $55.00M -$26.00M
YoY Change 74.55% 52.78% -471.43%
Cash From Investing Activities -$59.00M -$42.00M -$113.0M
YoY Change 40.48% -84.73% -52.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $4.000M
YoY Change 33.33%
Cash From Financing Activities -1.711B 13.00M 1.148B
YoY Change -13261.54% -77.19% -826.58%
NET CHANGE
Cash From Operating Activities -124.0M 251.0M -164.0M
Cash From Investing Activities -59.00M -42.00M -113.0M
Cash From Financing Activities -1.711B 13.00M 1.148B
Net Change In Cash -1.894B 222.0M 871.0M
YoY Change -953.15% -156.06% -301.15%
FREE CASH FLOW
Cash From Operating Activities -$124.0M $251.0M -$164.0M
Capital Expenditures -$155.0M -$97.00M $122.0M
Free Cash Flow $31.00M $348.0M -$286.0M
YoY Change -91.09% 161.65% 18.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6651000000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4816000000
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4852000000
CY2020Q4 m Noncurrent Lease Liability
NoncurrentLeaseLiability
3266000000
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
917000000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1285000000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2243000000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
19214000000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2553000000
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 Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2675000000
CY2021Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
345000000
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
115000000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11000000
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3146000000
CY2021Q4 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
239000000
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4000000
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2021Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
300000000
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11000000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3008000000
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 Stockholders Equity Other
StockholdersEquityOther
-4000000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2697000000
CY2020Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-431000000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
51000000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7000000
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2324000000
CY2020Q4 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-91000000
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000000
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8000000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2243000000
us-gaap Profit Loss
ProfitLoss
687000000
us-gaap Profit Loss
ProfitLoss
-4104000000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
21000000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3445000000
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-90000000
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-65000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
668000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
722000000
us-gaap Share Based Compensation
ShareBasedCompensation
32000000
us-gaap Share Based Compensation
ShareBasedCompensation
21000000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
61000000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
20000000
us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
27000000
us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
36000000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
66000000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
11000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
19000000
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
152000000
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
2448000000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-270000000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-64000000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-223000000
us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
2367000000
us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
-34000000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
44000000
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-29000000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1758000000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1612000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
73000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-598000000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-50000000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-818000000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
142000000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
144000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
244000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
118000000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-64000000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-33000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-203000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-314000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
975000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2780000000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9000000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
102000000
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
1508000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
46000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
117000000
us-gaap Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
-97000000
us-gaap Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
-90000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
294000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2071000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
963000000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1433000000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
893000000
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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
321000000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1624000000
us-gaap Interest Paid Net
InterestPaidNet
407000000
us-gaap Interest Paid Net
InterestPaidNet
140000000
us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
1000000
us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
4000000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
228000000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
88000000
us-gaap Net Income Loss
NetIncomeLoss
687000000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
73000000
CY2021Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
43
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 and 39 weeks ended October 30, 2021 and October 31, 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>
CY2021Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
-10000000
CY2020Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
6000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
10000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3170000000
CY2021Q4 us-gaap Restructuring Charges
RestructuringCharges
0
CY2020Q4 us-gaap Restructuring Charges
RestructuringCharges
2000000
us-gaap Restructuring Charges
RestructuringCharges
-1000000
us-gaap Restructuring Charges
RestructuringCharges
196000000
CY2021Q4 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
10000000
CY2020Q4 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
12000000
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
12000000
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
79000000
CY2021Q4 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
0
CY2020Q4 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
20000000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
21000000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3445000000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3170000000
m Unusualor Infrequent Itemsor Both Goodwill Impairment
UnusualorInfrequentItemsorBothGoodwillImpairment
3080000000
m Unusual Or Infrequent Items Or Both Tangible Asset Impairment
UnusualOrInfrequentItemsOrBothTangibleAssetImpairment
90000000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
239000000
CY2021Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
305800000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-91000000
CY2020Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
310200000
CY2021Q4 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
1100000
CY2020Q4 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
1000000.0
CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
239000000
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
306900000
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-91000000
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
311200000
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6900000
CY2020Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
239000000
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
313800000
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-91000000
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
311200000
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
311000000.0
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
309300000
us-gaap Net Income Loss
NetIncomeLoss
-4104000000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
310100000
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
1000000.0
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
900000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
687000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
310300000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4104000000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-13.20
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6700000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
687000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317000000.0
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4104000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
311000000.0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-13.20
CY2021Q4 m Macys Sales To Entire Company Sales
MacysSalesToEntireCompanySales
0.87
CY2020Q4 m Macys Sales To Entire Company Sales
MacysSalesToEntireCompanySales
0.88
m Macys Sales To Entire Company Sales
MacysSalesToEntireCompanySales
0.87
m Macys Sales To Entire Company Sales
MacysSalesToEntireCompanySales
0.88
CY2021Q4 m Percentage Of Digital Sales To Net Sales
PercentageOfDigitalSalesToNetSales
0.33
CY2020Q4 m Percentage Of Digital Sales To Net Sales
PercentageOfDigitalSalesToNetSales
0.38
m Percentage Of Digital Sales To Net Sales
PercentageOfDigitalSalesToNetSales
0.34
m Percentage Of Digital Sales To Net Sales
PercentageOfDigitalSalesToNetSales
0.45
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10566000000
CY2021Q1 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
159000000
CY2020Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
182000000
CY2021Q4 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
142000000
CY2021Q1 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
103000000
CY2020Q4 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
116000000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
500000000
CY2021Q4 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-8000000
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-90000000
us-gaap Repayments Of Debt
RepaymentsOfDebt
2446000000
us-gaap Repayments Of Debt
RepaymentsOfDebt
1506000000
CY2021Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-185000000
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
m Number Of Hours Required For Participation In Defined Benefit And Defined Contribution Plans
NumberOfHoursRequiredForParticipationInDefinedBenefitAndDefinedContributionPlans
1000
CY2021Q4 m Total Retirement Expense
TotalRetirementExpense
3000000
CY2020Q4 m Total Retirement Expense
TotalRetirementExpense
2000000
m Total Retirement Expense
TotalRetirementExpense
14000000
m Total Retirement Expense
TotalRetirementExpense
17000000
CY2021Q3 us-gaap Defined Benefit Plan Assets Transferred To From Plan
DefinedBenefitPlanAssetsTransferredToFromPlan
256000000
CY2020Q4 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-26000000
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-65000000
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
41000000
CY2020Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
95000000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3377000000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
3967000000

Files In Submission

Name View Source Status
0001564590-21-059577-index-headers.html Edgar Link pending
0001564590-21-059577-index.html Edgar Link pending
0001564590-21-059577.txt Edgar Link pending
0001564590-21-059577-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g3fkstha20yp000001.jpg Edgar Link pending
m-10q_20211030.htm Edgar Link pending
m-10q_20211030_htm.xml Edgar Link completed
m-20211030.xsd Edgar Link pending
m-20211030_cal.xml Edgar Link unprocessable
m-20211030_def.xml Edgar Link unprocessable
m-20211030_lab.xml Edgar Link unprocessable
m-20211030_pre.xml Edgar Link unprocessable
m-ex22_6.htm Edgar Link pending
m-ex311_8.htm Edgar Link pending
m-ex312_7.htm Edgar Link pending
m-ex321_11.htm Edgar Link pending
m-ex322_9.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