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Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Millions
Total
Snap One Holdings Corp
Preferred Stock
Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Snap One Holdings Corp
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Preferred stock, shares, beginning balance (in shares) at Dec. 31, 2022     0            
Beginning of period at Dec. 31, 2022 $ 2,529   $ 0 $ 0 $ 2,176   $ 600 $ (212) $ (35)
Common stock, shares, beginning balance (in shares) at Dec. 31, 2022       146,222,000          
Treasury stock, beginning (in shares) at Dec. 31, 2022                 2,050,000
Increase (Decrease) in Stockholders' Equity                  
Net income 107           107    
Other comprehensive (loss) income, net of tax 28             28  
Common stock issuance, net of shares withheld for taxes (in shares)       1,427,000         852,000
Common stock issuance, net of shares withheld for taxes (12)       3       $ (15)
Stock-based compensation expense 25       25        
Preferred stock, shares, ending balance (in shares) at Jul. 01, 2023     0            
End of period at Jul. 01, 2023 2,677   $ 0 $ 0 2,204   707 (184) $ (50)
Common stock, shares, ending balance (in shares) at Jul. 01, 2023       147,649,000          
Treasury stock, ending (in shares) at Jul. 01, 2023                 2,902,000
Preferred stock, shares, beginning balance (in shares) at Apr. 01, 2023     0            
Beginning of period at Apr. 01, 2023 2,604   $ 0 $ 0 2,191   657 (200) $ (44)
Common stock, shares, beginning balance (in shares) at Apr. 01, 2023       147,084,000          
Treasury stock, beginning (in shares) at Apr. 01, 2023                 2,547,000
Increase (Decrease) in Stockholders' Equity                  
Net income 50           50    
Other comprehensive (loss) income, net of tax 16             16  
Common stock issuance, net of shares withheld for taxes (in shares)       565,000         355,000
Common stock issuance, net of shares withheld for taxes (6)               $ (6)
Stock-based compensation expense 13       13        
Preferred stock, shares, ending balance (in shares) at Jul. 01, 2023     0            
End of period at Jul. 01, 2023 $ 2,677   $ 0 $ 0 2,204   707 (184) $ (50)
Common stock, shares, ending balance (in shares) at Jul. 01, 2023       147,649,000          
Treasury stock, ending (in shares) at Jul. 01, 2023                 2,902,000
Preferred stock, shares, beginning balance (in shares) at Dec. 31, 2023 0   0            
Beginning of period at Dec. 31, 2023 $ 2,749   $ 0 $ 0 2,226   810 (194) $ (93)
Common stock, shares, beginning balance (in shares) at Dec. 31, 2023 145,000,000     145,389,000          
Treasury stock, beginning (in shares) at Dec. 31, 2023                 5,536,000
Increase (Decrease) in Stockholders' Equity                  
Net income $ 73           73    
Other comprehensive (loss) income, net of tax (48)             (48)  
Preferred stock issuance (in shares)     500,000            
Preferred stock issuance 482   $ 482            
Common stock issuance, net of shares withheld for taxes (in shares)       955,000         422,000
Common stock issuance, net of shares withheld for taxes (5)       4       $ (9)
Stock-based compensation expense 29 $ 17     29        
Preferred stock dividend (2)                
Common stock repurchases (in shares)       (75,000)         (75,000)
Common stock repurchases $ (1)               $ (1)
Preferred stock, shares, ending balance (in shares) at Jun. 29, 2024 500,000   500,000            
End of period at Jun. 29, 2024 $ 3,294   $ 482 $ 0 2,276   881 (242) $ (103)
Common stock, shares, ending balance (in shares) at Jun. 29, 2024 146,000,000     146,269,000          
Treasury stock, ending (in shares) at Jun. 29, 2024                 6,033,000
Preferred stock, shares, beginning balance (in shares) at Mar. 30, 2024     0            
Beginning of period at Mar. 30, 2024 $ 2,769   $ 0 $ 0 2,243   853 (226) $ (101)
Common stock, shares, beginning balance (in shares) at Mar. 30, 2024       146,013,000          
Treasury stock, beginning (in shares) at Mar. 30, 2024                 5,946,000
Increase (Decrease) in Stockholders' Equity                  
Net income 30           30    
Other comprehensive (loss) income, net of tax (16)             (16)  
Preferred stock issuance (in shares)     500,000            
Preferred stock issuance 482   $ 482            
Common stock issuance, net of shares withheld for taxes (in shares)       256,000         87,000
Common stock issuance, net of shares withheld for taxes (1)       1       $ (2)
Stock-based compensation expense 15 $ 17     15 $ 17      
Preferred stock dividend $ (2)           (2)    
Preferred stock, shares, ending balance (in shares) at Jun. 29, 2024 500,000   500,000            
End of period at Jun. 29, 2024 $ 3,294   $ 482 $ 0 $ 2,276   $ 881 $ (242) $ (103)
Common stock, shares, ending balance (in shares) at Jun. 29, 2024 146,000,000     146,269,000          
Treasury stock, ending (in shares) at Jun. 29, 2024                 6,033,000