SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2018

Impacts of Adoption of New Standard on Company's Balance Sheet and Statement of Operations

The following tables summarize the impacts of adopting the new standard on the Company’s Condensed Consolidated Balance Sheet as of June 30, 2018 and Statement of Operations for the second quarter and first half of 2018. Adoption of the new standard had no impact to the cash flows from operating, financing, or investing activities in the Company’s Condensed Consolidated Statements of Cash Flows.

	Second Quarter of 2018				First Half of 2018
(In millions)	As reported		As if the previous accounting guidance was in effect		As reported		As if the previous accounting guidance was in effect
Sales - Products	$	2,196	$	2,186	$	4,619	$	4,613
Sales - Services		432		443		839		877
Total Sales		2,628		2,629		5,458		5,490
Cost of goods sold and occupancy costs - Products		1,737		1,730		3,628		3,625
Cost of goods sold and occupancy costs - Services		295		306		567		605
Total Cost of goods sold and occupancy costs		2,032		2,036		4,195		4,230
Gross profit		596		593		1,263		1,260
Net income		16		14		57		55
Diluted earnings per share		0.03		0.02		0.10		0.10

	As of June 30, 2018
(In millions)	As reported		As if the previous accounting guidance was in effect
Receivables, net	$	905	$	910
Prepaid expenses and other current assets		142		132
Deferred income taxes		290		288
Accrued expenses and other current liabilities		953		948
Stockholders’ equity		2,156		2,156