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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2016
Schedule of Components of Income (Loss) from Continuing Operations Before Income Taxes | The components of income (loss) from continuing operations before income taxes consisted of the following:
(In millions) |  | 2016 |  |  | 2015 |  |  | 2014 |
United States |  | $ | 445 |  |  | $ | 122 |  |  | $ | (286 | )
Foreign |  |  | 14 |  |  |  | (7 | ) |  |  | (5 | )
Total income (loss) from continuing operations before income taxes |  | $ | 459 |  |  | $ | 115 |  |  | $ | (291 | )
Schedule Income Tax Expense Related to Income (Loss) From Continuing Operations | The income tax expense related to income (loss) from continuing operations consisted of the following:
(In millions) |  | 2016 |  |  | 2015 |  |  | 2014 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 17 |  |  | $ | 18 |  |  | $ | (2 | )
State |  |  | 6 |  |  |  | 4 |  |  |  | (1 | )
Foreign |  |  | 3 |  |  |  | 1 |  |  |  | 3 |
Deferred : |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (210 | ) |  |  | (1 | ) |  |  | — |
State |  |  | (37 | ) |  |  | 2 |  |  |  | 3 |
Foreign |  |  | 1 |  |  |  | (1 | ) |  |  | (1 | )
Total income tax expense (benefit) |  | $ | (220 | ) |  | $ | 23 |  |  | $ | 2 |
Reconciliation Of Income Taxes At The Federal Statutory Rate To The Provision For Income Taxes | The following is a reconciliation of income taxes at the U.S. Federal statutory rate to the provision for income taxes:
(In millions) |  | 2016 |  |  | 2015 |  |  | 2014 |
Federal tax computed at the statutory rate |  | $ | 160 |  |  | $ | 40 |  |  | $ | (102 | )
State taxes, net of Federal benefit |  |  | (20 | ) |  |  | 5 |  |  |  | 1 |
Foreign income taxed at rates other than Federal |  |  | — |  |  |  | 6 |  |  |  | 8 |
Increase (decrease) in valuation allowance |  |  | (349 | ) |  |  | (46 | ) |  |  | 85 |
Non-deductible Merger expenses |  |  | — |  |  |  | 11 |  |  |  | — |
Other non-deductible expenses |  |  | 3 |  |  |  | 4 |  |  |  | 13 |
Non-taxable income and additional deductible expenses |  |  | (13 | ) |  |  | (2 | ) |  |  | (2 | )
Change in unrecognized tax benefits |  |  | (3 | ) |  |  | — |  |  |  | — |
Tax expense from intercompany transactions |  |  | — |  |  |  | 6 |  |  |  | — |
Subpart F and dividend income, net of foreign tax credits |  |  | 2 |  |  |  | 1 |  |  |  | 2 |
Other items, net |  |  | — |  |  |  | (2 | ) |  |  | (3 | )
Income tax expense (benefit) |  | $ | (220 | ) |  | $ | 23 |  |  | $ | 2 |
Schedule of Components Deferred Income Tax Assets and Liabilities | The components of deferred income tax assets and liabilities consisted of the following:
(In millions) |  | December 31, 2016 |  |  | December 26, 2015 |
U.S. and foreign loss carryforwards |  | $ | 275 |  |  | $ | 79 |
Deferred rent credit |  |  | 61 |  |  |  | 68 |
Pension and other accrued compensation |  |  | 134 |  |  |  | 200 |
Accruals for facility closings |  |  | 29 |  |  |  | 43 |
Inventory |  |  | 20 |  |  |  | 19 |
Self-insurance accruals |  |  | 29 |  |  |  | 33 |
Deferred revenue |  |  | 24 |  |  |  | 45 |
U.S. and foreign income tax credit carryforwards |  |  | 197 |  |  |  | 223 |
Allowance for bad debts |  |  | 5 |  |  |  | 12 |
Accrued expenses |  |  | 28 |  |  |  | 32 |
Basis difference in fixed assets |  |  | 69 |  |  |  | 73 |
Other items, net |  |  | 5 |  |  |  | — |
Gross deferred tax assets |  |  | 876 |  |  |  | 827 |
Valuation allowance |  |  | (140 | ) |  |  | (522 | )
Deferred tax assets |  |  | 736 |  |  |  | 305 |
Internal software |  |  | 5 |  |  |  | 5 |
Installment gain on sale of timberlands |  |  | 260 |  |  |  | 263 |
Deferred Subpart F income |  |  | — |  |  |  | 27 |
Undistributed foreign earnings |  |  | 8 |  |  |  | 2 |
Deferred tax liabilities |  |  | 273 |  |  |  | 297 |
Net deferred tax assets |  | $ | 463 |  |  | $ | 8 |
Summary of Valuation Allowances | The following summarizes the activity related to valuation allowances for deferred tax assets:
(In millions) |  | 2016 |  |  | 2015 |  |  | 2014 |
Beginning balance |  | $ | 522 |  |  | $ | 571 |  |  | $ | 448 |
Additions, charged to expense |  |  | — |  |  |  | — |  |  |  | 123 |
Reductions |  |  | (382 | ) |  |  | (49 | ) |  |  | — |
Ending balance |  | $ | 140 |  |  | $ | 522 |  |  | $ | 571 |
Summary of Activity Related to Unrecognized Tax Benefits | The following table summarizes the activity related to unrecognized tax benefits:
(In millions) |  | 2016 |  |  | 2015 |  |  | 2014 |
Beginning balance |  | $ | 18 |  |  | $ | 22 |  |  | $ | 15 |
Increase related to current year tax positions |  |  | 1 |  |  |  | 1 |  |  |  | 6 |
Increase related to prior year tax positions |  |  | — |  |  |  | 1 |  |  |  | 4 |
Decrease related to prior year tax positions |  |  | — |  |  |  | (5 | ) |  |  | (2 | )
Decrease related to lapse of statute of limitations |  |  | — |  |  |  | (1 | ) |  |  | — |
Decrease related to settlements with taxing authorities |  |  | (5 | ) |  |  | — |  |  |  | (1 | )
Ending balance |  | $ | 14 |  |  | $ | 18 |  |  | $ | 22 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319 + Details
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