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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 26, 2015
Dec. 27, 2014
Sales $ 11,021 $ 11,727 $ 12,710
Cost of goods sold and occupancy costs 8,313 8,864 9,734
Gross profit 2,708 2,863 2,976
Selling, general and administrative expenses 2,242 2,425 2,733
Asset impairments 15 13 56
Merger, restructuring, and other operating (income) expenses, net (80) 242 334
Legal accrual     81
Operating income (loss) 531 183 (228)
Other income (expense):      
Interest income 22 22 22
Interest expense (80) (91) (87)
Loss on extinguishment of debt (15)    
Other income, net 1 1 2
Income (loss) from continuing operations before income taxes 459 115 (291)
Income tax expense (benefit) (220) 23 2
Net income (loss) from continuing operations 679 92 (293)
Discontinued operations, net of tax (150) (84) (59)
Net income (loss) 529 8 (352)
Less: Results attributable to the noncontrolling interests     2
Net income (loss) $ 529 $ 8 $ (354)
Basic earnings (loss) per common share      
Continuing operations $ 1.26 $ 0.17 $ (0.55)
Discontinued operations (0.28) (0.15) (0.11)
Net basic earnings (loss) per common share 0.98 0.01 (0.66)
Diluted earnings (loss) per common share      
Continuing operations 1.24 0.16 (0.55)
Discontinued operations (0.27) (0.15) (0.11)
Net diluted earnings (loss) per common share 0.96 $ 0.01 $ (0.66)
Dividends per common share $ 0.05