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LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Short-term debt Accounts payable and accrued liabilities Merchandise accounts payable Income taxes Total Current Liabilities Long-Term debt Deferred

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LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Short-term debt Accounts payable and accrued liabilities Merchandise accounts payable Income taxes Total Current Liabilities Long-Term debt Deferred Income Taxes Other Liabilities Shareholders' Equity January 28, 2017 January 30, 2016 $ 309 1,423 $ 642 1,526 3,563 3,333 352 227 5,647 5,728 6,562 6,995 1,443 1,477 1,877 2,123 Common stock (310.3 and 340.6 shares outstanding) 3 3 Additional paid-in capital 617 621 Accumulated equity 6,088 6,334 Treasury stock (1,489) (1,665) Accumulated other comprehensive loss (896) (1,043) Total Macy's, Inc. Shareholders' Equity Noncontrolling interest 4,323 4,250 (1) 3 Total Shareholders' Equity 4,322 4,253 Total Liabilities and Shareholders' Equity $19,851 $20,576

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