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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2017
Mar. 26, 2016
Sales $ 2,676 $ 2,876
Cost of goods sold and occupancy costs 2,001 2,161
Gross profit 675 715
Selling, general and administrative expenses 528 591
Merger, restructuring, and other operating expenses, net 20 39
Operating income 127 85
Other income (expense):    
Interest income 6 6
Interest expense (13) (22)
Other income, net 1  
Income from continuing operations before income taxes 121 69
Income tax expense 47 7
Net income from continuing operations 74 62
Discontinued operations, net of tax 42 (16)
Net income $ 116 $ 46
Basic earnings (loss) per share    
Continuing operations $ 0.14 $ 0.11
Discontinued operations 0.08 (0.03)
Net earnings per share 0.22 0.08
Diluted earnings (loss) per share    
Continuing operations 0.14 0.11
Discontinued operations 0.08 (0.03)
Net diluted earnings per share 0.22 $ 0.08
Dividends per common share $ 0.025