Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Feb. 03, 2018
Jan. 28, 2017
Jan. 30, 2016
Income Statement [Abstract]      
Net sales $ 24,837 $ 25,778 $ 27,079
Cost of sales (15,152) (15,621) (16,496)
Gross margin 9,685 10,157 10,583
Selling, general and administrative expenses (8,131) (8,474) (8,468)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property 544 209 212
Restructuring Costs and Asset Impairment Charges (186) (479) (288)
Settlement charges (105) (98) 0
Operating income (loss) 1,807 1,315 2,039
Interest expense (321) (367) (363)
Premium on early retirement of debt 10 0 0
Interest income 11 4 2
Income (loss) before income taxes 1,507 952 1,678
Federal, state and local income tax benefit (expense) 29 (341) (608)
Net income 1,536 611 1,070
Net loss attributable to noncontrolling interest 11 8 2
Net income attributable to Macy's, Inc. shareholders $ 1,547 $ 619 $ 1,072
Basic earnings per share attributable to Macy's, Inc. shareholders $ 5.07 $ 2.01 $ 3.26
Diluted earnings per share attributable to Macy's, Inc. shareholders $ 5.04 $ 1.99 $ 3.22