same from 2015 to 2016? Consolidated Statements of Income for Macy's, Inc., 2017-2018 (in millions, except per share amounts) 2018 2017 Net sales $24,971 $ 24,939 Credit Card Revenues, Net 768 702 Cost of sales (15,215) (15,181) Selling, general and administrative expenses (9,039) (8,954) Gains on sale of real estate 389 544 Restructuring, impairment, store closing and other costs (136 186) Operating income (loss) 1,738 1,864 Benefit plan income, net 39 57 Settlement charges (88) (105) Interest expense (261) (321) Gains (losses) on early retirement of debt (33) 10 Interest income 25 11 Income (loss) before income taxes 1,420 1,516 Federal, state and local income tax benefit (expense) (322) 39 Net income (loss) 1,098 1,555 Net loss attributable to noncontrolling interest 10 11 Net income attributable to Macy's, Inc. shareholders $ 1,108 $ 1,566 Basic earnings per share attributable to Macy's, Inc. shareholders $3.60 $5.13 Diluted earnings per share attributable to Macy's, Inc. shareholders $3.56 $5.10 Macy's Inc., 2018 Annual Report, February 26, 2019, https://www.macysinc.com/news-media/press-releases/detail/ 1548/macys-inc-reports-fourth-quarter-and-fiscal-year-2018.

Consolidated Balance Sheets for Macy's, Inc., 2017-2018 (in millions) 2018 2017 ASSETS Current Assets: Cash and cash equivalents $ 1,162 $ 1,455 Receivables 400 363 Merchandise Inventories 5,263 5,178 Prepaid expenses and other current assets 620 650 Total Current Assets 7,445 7,646 Property and Equipment - net 6,637 6,672 Goodwill 3,908 3,897 Other Intangible Assets - net 178 488 Other Assets 726 880 Total Assets 19,194 9,583 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilties: Short-term debt 43 22 Merchandise accounts payable 1,655 1,590 Accounts payable and accrued liabilities 3,366 3,271 Income taxes 168 296 Total Current Liabilities 5,232 5,179 Long-Term Debt 4,708 5,861 Deferred Income Taxes 1,238 1,148 Other Liabilities 1,580 1,662 Shareholders' Equity: Common stock (307.5 and 304.8 shares outstanding) 3 3 Additional paid-in capital 652 676 Accumulated equity 8,050 7,246 Treasury stock (1,318) (1,456) Accumulated other comprehensive loss (951) (724) Total Macy's, Inc., Shareholders' Equity 6,436 5,745 Noncontrolling interest (21) Total Shareholders' Equity 6,436 5,733 Total Liabilities and Shareholders' Equity $19,194 $19,583 Macy's Inc., 2018 Annual Report, February 26, 2019, https://www.macysinc.com/news-media/press-releases/detail/ 1548/macys-inc-reports-fourth-quarter-and-fiscal-year-2018.