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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Dec. 28, 2013
Sales $ 14,485 $ 16,096 $ 11,242
Cost of goods sold and occupancy costs 10,983 12,320 8,616
Gross profit 3,502 3,776 2,626
Selling, general and administrative expenses 3,042 3,479 2,560
Asset impairments 13 88 70
Merger, restructuring, and other operating expenses, net 332 403 201
Legal accrual   81  
Operating income (loss) 115 (275) (205)
Other income (expense):      
Interest income 24 24 5
Interest expense (93) (89) (69)
Gain on disposition of joint venture     382
Other income, net 1   14
Income (loss) before income taxes 47 (340) 127
Income tax expense 39 12 147
Net income (loss) 8 (352) (20)
Less: Results attributable to the noncontrolling interests   2  
Net income (loss) attributable to Office Depot, Inc. 8 (354) (20)
Preferred stock dividends     73
Net income (loss) attributable to common stockholders $ 8 $ (354) $ (93)
Basic and diluted earnings (loss) per share $ 0.01 $ (0.66) $ (0.29)