2022 Q2 Form 10-Q Financial Statement
#000156459022022602 Filed on June 07, 2022
Income Statement
| Concept | 2022 Q2 | 2021 Q2 |
|---|---|---|
| Revenue | $5.348B | $4.706B |
| YoY Change | 13.64% | 55.98% |
| Cost Of Revenue | $3.231B | $2.889B |
| YoY Change | 11.84% | 15.51% |
| Gross Profit | $2.308B | $1.817B |
| YoY Change | 27.02% | 252.13% |
| Gross Profit Margin | 43.16% | 38.61% |
| Selling, General & Admin | $1.879B | $1.748B |
| YoY Change | 7.49% | 9.39% |
| % of Gross Profit | 81.41% | 96.2% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $206.0M | $224.0M |
| YoY Change | -8.04% | -5.49% |
| % of Gross Profit | 8.93% | 12.33% |
| Operating Expenses | $1.879B | $1.748B |
| YoY Change | 7.49% | 9.39% |
| Operating Profit | $429.0M | $215.0M |
| YoY Change | 99.53% | -105.22% |
| Interest Expense | -$47.00M | $79.00M |
| YoY Change | -159.49% | 61.22% |
| % of Operating Profit | -10.96% | 36.74% |
| Other Income/Expense, Net | $7.000M | $15.00M |
| YoY Change | -53.33% | 66.67% |
| Pretax Income | $392.0M | $140.0M |
| YoY Change | 180.0% | -103.37% |
| Income Tax | $106.0M | $37.00M |
| % Of Pretax Income | 27.04% | 26.43% |
| Net Earnings | $286.0M | $103.0M |
| YoY Change | 177.67% | -102.88% |
| Net Earnings / Revenue | 5.35% | 2.19% |
| Basic Earnings Per Share | $1.01 | $0.33 |
| Diluted Earnings Per Share | $0.98 | $0.32 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 283.6M | 311.6M |
| Diluted Shares Outstanding | 290.9M | 318.6M |
Balance Sheet
| Concept | 2022 Q2 | 2021 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $672.0M | $1.798B |
| YoY Change | -62.63% | 18.06% |
| Cash & Equivalents | $675.0M | $1.798B |
| Short-Term Investments | ||
| Other Short-Term Assets | $372.0M | $1.007B |
| YoY Change | -63.06% | 94.03% |
| Inventory | $4.956B | $4.230B |
| Prepaid Expenses | $372.0M | $1.007B |
| Receivables | $233.0M | $205.0M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $6.233B | $7.240B |
| YoY Change | -13.91% | 1.47% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $8.337B | $5.798B |
| YoY Change | 43.79% | -9.76% |
| Goodwill | $828.0M | $828.0M |
| YoY Change | 0.0% | -1.19% |
| Intangibles | $434.0M | $436.0M |
| YoY Change | -0.46% | -48.22% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $1.140B | $927.0M |
| YoY Change | 22.98% | -13.53% |
| Total Long-Term Assets | $10.74B | $10.84B |
| YoY Change | -0.95% | -5.28% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $6.233B | $7.240B |
| Total Long-Term Assets | $10.74B | $10.84B |
| Total Assets | $16.97B | $18.08B |
| YoY Change | -6.14% | -2.69% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.865B | $2.545B |
| YoY Change | 12.57% | 15.89% |
| Accrued Expenses | $2.456B | $2.616B |
| YoY Change | -6.12% | -5.11% |
| Deferred Revenue | $428.0M | $580.0M |
| YoY Change | -26.21% | -20.77% |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $0.00 | $294.0M |
| YoY Change | -100.0% | -60.22% |
| Total Short-Term Liabilities | $5.543B | $5.518B |
| YoY Change | 0.45% | -4.4% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.994B | $4.558B |
| YoY Change | -34.31% | -7.32% |
| Other Long-Term Liabilities | $4.189B | $1.297B |
| YoY Change | 222.98% | -2.26% |
| Total Long-Term Liabilities | $7.183B | $1.297B |
| YoY Change | 453.82% | -2.26% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.543B | $5.518B |
| Total Long-Term Liabilities | $7.183B | $1.297B |
| Total Liabilities | $13.69B | $6.815B |
| YoY Change | 100.94% | -4.0% |
| 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 | $3.278B | $2.675B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $16.97B | $18.08B |
| YoY Change | -6.14% | -2.69% |
Cashflow Statement
| Concept | 2022 Q2 | 2021 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $286.0M | $103.0M |
| YoY Change | 177.67% | -102.88% |
| Depreciation, Depletion And Amortization | $206.0M | $224.0M |
| YoY Change | -8.04% | -5.49% |
| Cash From Operating Activities | $248.0M | $494.0M |
| YoY Change | -49.8% | -401.22% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $171.0M | $61.00M |
| YoY Change | 180.33% | -50.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $6.000M | -$17.00M |
| YoY Change | -135.29% | -34.62% |
| Cash From Investing Activities | -$194.0M | -$74.00M |
| YoY Change | 162.16% | -34.51% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $584.0M | $0.00 |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -1.094B | -300.0M |
| YoY Change | 264.67% | -126.13% |
| NET CHANGE | ||
| Cash From Operating Activities | 248.0M | 494.0M |
| Cash From Investing Activities | -194.0M | -74.00M |
| Cash From Financing Activities | -1.094B | -300.0M |
| Net Change In Cash | -1.040B | 120.0M |
| YoY Change | -966.67% | -86.22% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $248.0M | $494.0M |
| Capital Expenditures | $171.0M | $61.00M |
| Free Cash Flow | $77.00M | $433.0M |
| YoY Change | -82.22% | -251.4% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q2 | m |
Defined Benefit Plan Net Periodic Benefit Income Net
DefinedBenefitPlanNetPeriodicBenefitIncomeNet
|
7000000 | |
| CY2021Q2 | m |
Defined Benefit Plan Net Periodic Benefit Income Net
DefinedBenefitPlanNetPeriodicBenefitIncomeNet
|
15000000 | |
| CY2021Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
224000000 | |
| CY2022Q2 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
286000000 | |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
4000000 | |
| CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.1575 | |
| CY2022Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
45000000 | |
| CY2022Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
600000000 | |
| CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
13000000 | |
| CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-1000000 | |
| CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3278000000 | |
| 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 |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | |
| CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
286000000 | |
| CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
103000000 | |
| CY2022Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
8000000 | |
| CY2021Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
19000000 | |
| CY2022Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
206000000 | |
| CY2022Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
13000000 | |
| CY2021Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11000000 | |
| CY2022Q2 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
42000000 | |
| CY2021Q2 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
6000000 | |
| CY2021Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
0 | |
| CY2021Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
61000000 | |
| CY2022Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
45000000 | |
| CY2022Q2 | us-gaap |
Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
|
5000000 | |
| CY2021Q2 | us-gaap |
Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
|
10000000 | |
| CY2022Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2000000 | |
| CY2021Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
8000000 | |
| CY2022Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-17000000 | |
| CY2021Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-43000000 | |
| CY2022Q2 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-65000000 | |
| CY2021Q2 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-71000000 | |
| CY2022Q2 | us-gaap |
Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
|
573000000 | |
| CY2021Q2 | us-gaap |
Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
|
457000000 | |
| CY2022Q2 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
13000000 | |
| CY2021Q2 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
56000000 | |
| CY2022Q2 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
639000000 | |
| CY2021Q2 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
674000000 | |
| CY2022Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-424000000 | |
| CY2021Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-114000000 | |
| CY2022Q2 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
122000000 | |
| CY2021Q2 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
75000000 | |
| CY2022Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
29000000 | |
| CY2021Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
25000000 | |
| CY2022Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
248000000 | |
| CY2021Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
494000000 | |
| CY2022Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
171000000 | |
| CY2022Q2 | us-gaap |
Payments For Software
PaymentsForSoftware
|
90000000 | |
| CY2021Q2 | us-gaap |
Payments For Software
PaymentsForSoftware
|
38000000 | |
| CY2022Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
73000000 | |
| CY2021Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
8000000 | |
| CY2022Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
6000000 | |
| CY2021Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-17000000 | |
| CY2022Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-194000000 | |
| CY2021Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-74000000 | |
| CY2022Q2 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
850000000 | |
| CY2021Q2 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
500000000 | |
| CY2022Q2 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
21000000 | |
| CY2021Q2 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
9000000 | |
| CY2022Q2 | us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
1139000000 | |
| CY2021Q2 | us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
503000000 | |
| CY2022Q2 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
29000000 | |
| CY2021Q2 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
12000000 | |
| CY2022Q2 | us-gaap |
Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
|
-126000000 | |
| CY2021Q2 | us-gaap |
Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
|
-276000000 | |
| CY2022Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
584000000 | |
| CY2021Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | |
| CY2022Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1094000000 | |
| CY2021Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-300000000 | |
| CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1040000000 | |
| CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
120000000 | |
| CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1715000000 | |
| CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1754000000 | |
| CY2021Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
52000000 | |
| CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
675000000 | |
| CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1874000000 | |
| CY2022Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
86000000 | |
| CY2022Q2 | us-gaap |
Proceeds From Interest Received
ProceedsFromInterestReceived
|
1000000 | |
| CY2021Q2 | us-gaap |
Proceeds From Interest Received
ProceedsFromInterestReceived
|
0 | |
| CY2022Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1000000 | |
| CY2021Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
5000000 | |
| CY2022Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
3000000 | |
| CY2021Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
76000000 | |
| CY2022Q2 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
43 | |
| CY2022Q2 | 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:6pt;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 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 April 30, 2022 and May 1, 2021, 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> | |
| CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
286000000 | |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
282600000 | |
| CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
103000000 | |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
|
1000000.0 | |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
283600000 | |
| CY2021Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
103000000 | |
| CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
286000000 | |
| CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.01 | |
| CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.33 | |
| CY2022Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
7300000 | |
| CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
286000000 | |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
290900000 | |
| CY2021Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
103000000 | |
| CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.98 | |
| CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.32 | |
| CY2022Q2 | m |
Macys Sales To Entire Company Sales
MacysSalesToEntireCompanySales
|
0.86 | |
| CY2022Q2 | m |
Percentage Of Digital Sales To Net Sales
PercentageOfDigitalSalesToNetSales
|
0.33 | |
| CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5348000000 | |
| CY2022Q2 | us-gaap |
Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
|
245000000 | |
| CY2022Q2 | us-gaap |
Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
|
144000000 | |
| CY2022Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
428000000 | |
| CY2022Q2 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
1139000000 | |
| CY2021Q2 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
503000000 | |
| CY2022Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
850000000 | |
| CY2022Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-31000000 | |
| CY2022Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
24000000 | |
| CY2022Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
600000000 | |
| CY2022Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
1400000000 | |
| CY2022Q2 | m |
Number Of Hours Required For Participation In Defined Benefit And Defined Contribution Plans
NumberOfHoursRequiredForParticipationInDefinedBenefitAndDefinedContributionPlans
|
1,000 hours or more | |
| CY2022Q2 | m |
Total Retirement Expense
TotalRetirementExpense
|
16000000 | |
| CY2021Q2 | m |
Total Retirement Expense
TotalRetirementExpense
|
8000000 | |
| CY2022Q2 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
35000000 | |
| CY2021Q2 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
82000000 | |
| CY2022Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
2675000000 | |
| CY2021Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
4643000000 |
