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DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
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Sep. 24, 2016
Major Component of Discontinued Operations-Net of Tax, Assets and Liabilities of Discontinued Operations and Cash Flows from Discontinued Operations | The major components of Discontinued operations, net of tax presented in the Condensed Consolidated Statements of Operations include the following.
|  | Third Quarter |  |  | Year-to-Date |
(In millions) |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Sales |  | $ | 583 |  |  | $ | 644 |  |  | $ | 1,886 |  |  | $ | 2,046 |
Cost of goods sold and occupancy costs |  |  | 462 |  |  |  | 495 |  |  |  | 1,489 |  |  |  | 1,565 |
Operating expenses |  |  | 139 |  |  |  | 147 |  |  |  | 435 |  |  |  | 464 |
Asset impairments |  |  | 90 |  |  |  | — |  |  |  | 90 |  |  |  | — |
Restructuring charges |  |  | — |  |  |  | 31 |  |  |  | 10 |  |  |  | 70 |
Interest income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Interest expense |  |  | — |  |  |  | — |  |  |  | (4 | ) |  |  | (2 | )
Other income (expense), net |  |  | — |  |  |  | (1 | ) |  |  | (1 | ) |  |  | 1 |
Loss on classification as discontinued operations |  |  | (304 | ) |  |  | — |  |  |  | (304 | ) |  |  | — |
Income tax expense (benefit) |  |  | (126 | ) |  |  | 6 |  |  |  | (123 | ) |  |  | 15 |
Discontinued operations, net of tax |  | $ | (286 | ) |  | $ | (36 | ) |  | $ | (324 | ) |  | $ | (67 | )
Assets and liabilities of discontinued operations presented in the Condensed Consolidated Balance Sheets as of September 24, 2016, and December 26, 2015 include the following.
(In millions) |  | September 24, 2016 |  |  | December 26, 2015 |
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 142 |  |  | $ | 209 |
Receivables, net |  |  | 375 |  |  |  | 420 |
Inventories |  |  | 259 |  |  |  | 292 |
Prepaid expenses and other current assets |  |  | 47 |  |  |  | 35 |
Property and equipment, net |  |  | 33 |  |  |  | — |
Other assets |  |  | 21 |  |  |  | — |
Valuation allowance |  |  | (297 | ) |  |  | — |
Current assets of discontinued operations |  | $ | 580 |  |  | $ | 956 |
Property and equipment, net |  |  | — |  |  |  | 119 |
Goodwill |  |  | — |  |  |  | 15 |
Other assets |  |  | — |  |  |  | 39 |
Non-current assets of discontinued operations |  | $ | — |  |  | $ | 173 |
Liabilities |  |  |  |  |  |  |  |
Trade accounts payable |  | $ | 235 |  |  | $ | 331 |
Accrued expenses and other current liabilities |  |  | 228 |  |  |  | 282 |
Income taxes payable |  |  | 6 |  |  |  | 4 |
Short-term borrowings and current maturities of long-term debt |  |  | 10 |  |  |  | 5 |
Deferred income taxes and other long-term liabilities |  |  | 35 |  |  |  | — |
Long-term debt, net of current maturities |  |  | 5 |  |  |  | — |
Current liabilities of discontinued operations |  | $ | 519 |  |  | $ | 622 |
Deferred income taxes and other long-term liabilities |  |  | — |  |  |  | 40 |
Long-term debt, net of current maturities |  |  | — |  |  |  | 6 |
Non-current liabilities of discontinued operations |  | $ | — |  |  | $ | 46 |
Cash flows from discontinued operations for the year-to-date periods ended September 24, 2016 and September 26, 2015 include the following.
|  | Year-to-Date |
(In millions) |  | September 24, 2016 |  |  | September 26, 2015 |
Depreciation and amortization |  | $ | 19 |  |  | $ | 23 |
Capital expenditures |  | $ | 6 |  |  | $ | 15 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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