XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Sales:        
Total sales $ 2,887,000,000 $ 2,620,000,000 $ 8,345,000,000 $ 7,659,000,000
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs 2,201,000,000 1,987,000,000 6,396,000,000 5,805,000,000
Gross profit 686,000,000 633,000,000 1,949,000,000 1,854,000,000
Selling, general and administrative expenses 567,000,000 506,000,000 1,674,000,000 1,519,000,000
Asset impairments 0   0 1,000,000
Merger and restructuring expenses, net 14,000,000 22,000,000 45,000,000 62,000,000
Operating income 105,000,000 105,000,000 230,000,000 272,000,000
Other income (expense):        
Interest income 7,000,000 6,000,000 18,000,000 17,000,000
Interest expense (31,000,000) (13,000,000) (91,000,000) (39,000,000)
Other income, net 4,000,000 2,000,000 11,000,000 8,000,000
Income from continuing operations before income taxes 85,000,000 100,000,000 168,000,000 258,000,000
Income tax expense 25,000,000 2,000,000 55,000,000 63,000,000
Net income from continuing operations 60,000,000 98,000,000 113,000,000 195,000,000
Discontinued operations, net of tax   (6,000,000) 5,000,000 38,000,000
Net income $ 60,000,000 $ 92,000,000 $ 118,000,000 $ 233,000,000
Basic earnings per common share        
Continuing operations $ 0.11 $ 0.19 $ 0.20 $ 0.38
Discontinued operations   (0.01) 0.01 0.07
Net basic earnings per common share 0.11 0.18 0.21 0.45
Diluted earnings per common share        
Continuing operations 0.11 0.19 0.20 0.37
Discontinued operations   (0.01) 0.01 0.07
Net diluted earnings per common share 0.11 0.17 0.21 0.44
Dividends per common share $ 0.025 $ 0.025 $ 0.075 $ 0.075
Product        
Sales:        
Total sales $ 2,453,000,000 $ 2,426,000,000 $ 7,072,000,000 $ 7,053,000,000
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs 1,906,000,000 1,877,000,000 5,534,000,000 5,461,000,000
Service        
Sales:        
Total sales 434,000,000 194,000,000 1,273,000,000 606,000,000
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs $ 295,000,000 $ 110,000,000 $ 862,000,000 $ 344,000,000