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Did total operating income increase or decrease from the prior year? Did net income (loss) increase or decrease from the prior year? MACY'S, INC. CONSOLIDATED

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Did total operating income increase or decrease from the prior year? Did net income (loss) increase or decrease from the prior year?

MACY'S, INC. CONSOLIDATED STATEMENTS OF INCOME (millions, except per share data) 2018 2019 24,560 771 S Net sales Credit card revenues, net $ 24,971 768 2017 24,939 702 (15,171 ) (8,998) (354) 970 31 Cost of sales Selling, general and administrative expenses Gains on sale of real estate Restructuring, impaiment, store closing and other costs Operating income Benefit plan income, net Settlement charges Interest expense Gains (losses) on early retirement of debt Interest income Income before income taxes Federal, state and local income tax benefit (expense) Net income Net loss attributable to noncontrolling interest Net income attributable to Macy's, Inc. shareholders Basic earnings per share attributable to Macy's, Inc. shareholders Diluted earnings per share attributable to Macy's, Inc. shareholders (58) (205) (30) 20 (15,215) (9.039) 389 (136) 1.738 39 (88) (261) (33) 25 1,420 (322) 1,098 10 1,108 (15,181) (8.954) 544 (186) 1,864 57 (105) (321) 10 11 1,516 39 1.555 11 1,566 728 (164) 564 s 564 S $ $ 1.82 S 3.60 $ 5.13 s 1.81 S 3.56 $ 5.10 The accompanying notes are an integral part of these Consolidated Financial Statements. F-6

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