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QUARTERLY FINANCIAL DATA | 12 Months Ended
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Dec. 26, 2015
QUARTERLY FINANCIAL DATA | NOTE 18. QUARTERLY FINANCIAL DATA (UNAUDITED)
(In millions, except per share amounts) |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Fiscal Year Ended December 26, 2015* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 3,877 |  |  | $ | 3,440 |  |  | $ | 3,690 |  |  | $ | 3,477 |
Gross profit |  |  | 937 |  |  |  | 814 |  |  |  | 936 |  |  |  | 815 |
Net income (loss) (1) |  |  | 45 |  |  |  | (58 | ) |  |  | 6 |  |  |  | 15 |
Net earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  |  | $ | (0.11 | ) |  | $ | 0.01 |  |  | $ | 0.03 |
Diluted |  | $ | 0.08 |  |  | $ | (0.11 | ) |  | $ | 0.01 |  |  | $ | 0.03 |
* | Due to rounding, the sum of the quarterly amounts may not equal the reported amounts for the year.
(1) | In the first, second, third and fourth quarters of 2015, captions include pre-tax Merger, restructuring, and other operating expenses, net amounting to $43 million, $120 million, $111 million and $58 million, respectively and asset impairments of $5 million, $4 million, $1 million and $3 million, respectively.
(In millions, except per share amounts) |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Fiscal Year Ended December 27, 2014* |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 4,354 |  |  | $ | 3,841 |  |  | $ | 4,069 |  |  | $ | 3,832 |
Gross profit |  |  | 1,015 |  |  |  | 883 |  |  |  | 987 |  |  |  | 891 |
Net income (loss) (1) |  |  | (108 | ) |  |  | (189 | ) |  |  | 29 |  |  |  | (84 | )
Net income (loss) attributable to Office Depot, Inc. (1) |  |  | (109 | ) |  |  | (190 | ) |  |  | 29 |  |  |  | (84 | )
Net income (loss) available to common stockholders (1) |  |  | (109 | ) |  |  | (190 | ) |  |  | 29 |  |  |  | (84 | )
Net earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.21 | ) |  | $ | (0.36 | ) |  | $ | 0.05 |  |  | $ | (0.15 | )
Diluted |  | $ | (0.21 | ) |  | $ | (0.36 | ) |  | $ | 0.05 |  |  | $ | (0.15 | )
* | Due to rounding, the sum of the quarterly amounts may not equal the reported amounts for the year.
(1) | In the first, second, third and fourth quarters of 2014, captions include pre-tax Merger, restructuring, and other operating expenses, net amounting to $101 million, $103 million, $72 million and $128 million, respectively and asset impairments of $50 million, $22 million, $6 million and $11 million, respectively. The second and third quarters of 2014 include $80 million and $1 million associated to Legal accrual, respectively.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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