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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2016
Major Component of Discontinued Operations-Net of Tax, Assets and Liabilities of Discontinued Operations | The major components of Discontinued operations, net of tax presented in the Consolidated Statements of Operations for the years ended December 31, 2016, December 26, 2015 and December 27, 2014 include the following.
(In millions) |  | 2016 |  |  | 2015 |  |  | 2014 |
Sales |  | $ | 2,564 |  |  | $ | 2,758 |  |  | $ | 3,386 |
Cost of goods sold and occupancy costs |  |  | 2,019 |  |  |  | 2,119 |  |  |  | 2,586 |
Operating expenses |  |  | 573 |  |  |  | 617 |  |  |  | 746 |
Asset impairments |  |  | 90 |  |  |  | — |  |  |  | 32 |
Restructuring charges |  |  | 11 |  |  |  | 90 |  |  |  | 69 |
Interest income |  |  | 1 |  |  |  | 2 |  |  |  | 2 |
Interest expense |  |  | (5 | ) |  |  | (2 | ) |  |  | (2 | )
Other income (expense), net |  |  | (2 | ) |  |  | — |  |  |  | (2 | )
Loss on sale or held for sale classification |  |  | (223 | ) |  |  | — |  |  |  | — |
Income tax expense (benefit) |  |  | (208 | ) |  |  | 16 |  |  |  | 10 |
Discontinued operations, net of tax |  | $ | (150 | ) |  | $ | (84 | ) |  | $ | (59 | )
Assets and liabilities of discontinued operations presented in the Consolidated Balance Sheets at December 31, 2016, and December 26, 2015 are included in the following table. As the sale of the OD European Business was completed before year end 2016, accordingly, the assets and liabilities of that business are not included as of December 31, 2016.
(In millions) |  | 2016 |  |  | 2015 |
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 44 |  |  | $ | 209 |
Receivables, net |  |  | 88 |  |  |  | 420 |
Inventories |  |  | 82 |  |  |  | 292 |
Prepaid expenses and other current assets |  |  | 4 |  |  |  | 35 |
Property and equipment, net |  |  | 31 |  |  |  | — |
Other assets |  |  | 6 |  |  |  | — |
Valuation allowance |  |  | (113 | ) |  |  | — |
Current assets of discontinued operations |  | $ | 142 |  |  | $ | 956 |
Property and equipment, net |  | $ | — |  |  | $ | 119 |
Goodwill |  |  | — |  |  |  | 15 |
Other assets |  |  | — |  |  |  | 48 |
Non-current assets of discontinued operations |  | $ | — |  |  | $ | 182 |
Liabilities |  |  |  |  |  |  |  |
Trade accounts payable |  | $ | 60 |  |  | $ | 331 |
Accrued expenses and other current liabilities |  |  | 27 |  |  |  | 282 |
Income taxes payable |  |  | 2 |  |  |  | 4 |
Short-term borrowings and current maturities of long-term debt |  |  | 9 |  |  |  | 5 |
Deferred income taxes and other long-term liabilities |  |  | 6 |  |  |  | — |
Current liabilities of discontinued operations |  | $ | 104 |  |  | $ | 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 |

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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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