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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 29, 2018
Income Tax Disclosure [Abstract] |
Schedule of Components of Income from Continuing Operations Before Income Taxes | The components of income from continuing operations before income taxes consisted of the following:
(In millions) |  | 2018 |  |  | 2017 |  |  | 2016 |
United States |  | $ | 138 |  |  | $ | 295 |  |  | $ | 445 |
Foreign |  |  | 20 |  |  |  | 4 |  |  |  | 14 |
Total income from continuing operations before income taxes |  | $ | 158 |  |  | $ | 299 |  |  | $ | 459 |
Schedule Income Tax Expense Related to Income From Continuing Operations | The income tax expense related to income from continuing operations consisted of the following:
(In millions) |  | 2018 |  |  | 2017 |  |  | 2016 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 3 |  |  | $ | 4 |  |  | $ | 17 |
State |  |  | 7 |  |  |  | 3 |  |  |  | 6 |
Foreign |  |  | 9 |  |  |  | 9 |  |  |  | 3 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 27 |  |  |  | 152 |  |  |  | (210 | )
State |  |  | 13 |  |  |  | (17 | ) |  |  | (37 | )
Foreign |  |  | — |  |  |  | 2 |  |  |  | 1 |
Total income tax expense (benefit) |  | $ | 59 |  |  | $ | 153 |  |  | $ | (220 | )
Reconciliation Of Income Taxes At The Federal Statutory Rate To The Provision For Income Taxes | The following is a reconciliation of income taxes at the U.S. Federal statutory rate to the provision for income taxes:
(In millions) |  | 2018 |  |  | 2017 |  |  | 2016 |
Federal tax computed at the statutory rate |  | $ | 33 |  |  | $ | 105 |  |  | $ | 160 |
State taxes, net of Federal benefit |  |  | 10 |  |  |  | 12 |  |  |  | (20 | )
Foreign income taxed at rates other than Federal |  |  | 5 |  |  |  | 2 |  |  |  | — |
Decrease in valuation allowance |  |  | (3 | ) |  |  | (36 | ) |  |  | (349 | )
Non-deductible Merger expenses |  |  | — |  |  |  | 3 |  |  |  | — |
Other non-deductible expenses and settlements |  |  | 10 |  |  |  | — |  |  |  | 3 |
Tax basis differences in Investment in Subs |  |  | (4 | ) |  |  | — |  |  |  | — |
Non-taxable income and additional deductible expenses |  |  | (1 | ) |  |  | (4 | ) |  |  | (13 | )
Change in unrecognized tax benefits |  |  | 1 |  |  |  | — |  |  |  | (3 | )
Impact of Tax Reform |  |  | — |  |  |  | 68 |  |  |  | — |
Impact of stock compensation shortfall |  |  | 5 |  |  |  | 3 |  |  |  | — |
Repatriation of foreign earnings |  |  | — |  |  |  | 3 |  |  |  | — |
Subpart F and dividend income, net of foreign tax credits |  |  | — |  |  |  | — |  |  |  | 2 |
Other items, net |  |  | 3 |  |  |  | (3 | ) |  |  | — |
Income tax expense (benefit) |  | $ | 59 |  |  | $ | 153 |  |  | $ | (220 | )
Schedule of Components Deferred Income Tax Assets and Liabilities | The components of deferred income tax assets and liabilities consisted of the following:
|  | December 29, |  |  | December 30, |
(In millions) |  | 2018 |  |  | 2017 |
U.S. and foreign loss carryforwards |  | $ | 253 |  |  | $ | 253 |
Deferred rent credit |  |  | 35 |  |  |  | 33 |
Pension and other accrued compensation |  |  | 65 |  |  |  | 50 |
Accruals for facility closings |  |  | 5 |  |  |  | 8 |
Inventory |  |  | 11 |  |  |  | 13 |
Self-insurance accruals |  |  | 21 |  |  |  | 24 |
Deferred revenue |  |  | 17 |  |  |  | 20 |
U.S. and foreign income tax credit carryforwards |  |  | 227 |  |  |  | 237 |
Allowance for bad debts |  |  | 4 |  |  |  | 4 |
Accrued expenses |  |  | 20 |  |  |  | 19 |
Basis difference in fixed assets |  |  | 30 |  |  |  | 46 |
Gross deferred tax assets |  |  | 688 |  |  |  | 707 |
Valuation allowance |  |  | (142 | ) |  |  | (144 | )
Deferred tax assets |  |  | 546 |  |  |  | 563 |
Internal software |  |  | 11 |  |  |  | 6 |
Installment gain on sale of timberlands |  |  | 172 |  |  |  | 172 |
Intangibles |  |  | 96 |  |  |  | 96 |
Undistributed foreign earnings |  |  | 4 |  |  |  | 5 |
Deferred tax liabilities |  |  | 283 |  |  |  | 279 |
Net deferred tax assets |  | $ | 263 |  |  | $ | 284 |
Summary of Valuation Allowances | The following summarizes the activity related to valuation allowances for deferred tax assets:
(In millions) |  | 2018 |  |  | 2017 |  |  | 2016 |
Beginning balance |  | $ | 144 |  |  | $ | 140 |  |  | $ | 522 |
Additions, charged to expense |  |  | — |  |  |  | 4 |  |  |  | — |
Acquired via Merger |  |  | — |  |  |  | 1 |  |  |  | — |
Impact of Tax Reform |  |  | — |  |  |  | 40 |  |  |  | — |
Reductions |  |  | (2 | ) |  |  | (41 | ) |  |  | (382 | )
Ending balance |  | $ | 142 |  |  | $ | 144 |  |  | $ | 140 |
Summary of Activity Related to Unrecognized Tax Benefits | The following table summarizes the activity related to unrecognized tax benefits:
(In millions) |  | 2018 |  |  | 2017 |  |  | 2016 |
Beginning balance |  | $ | 20 |  |  | $ | 14 |  |  | $ | 18 |
Increase related to current year tax positions |  |  | — |  |  |  | — |  |  |  | 1 |
Increase related to merger |  |  | — |  |  |  | 8 |  |  |  | — |
Increase (decrease) related to prior year tax positions |  |  | 1 |  |  |  | (1 | ) |  |  | — |
Decrease related to lapse of statute of limitations |  |  | — |  |  |  | — |  |  |  | — |
Decrease related to settlements with taxing authorities |  |  | (1 | ) |  |  | (1 | ) |  |  | (5 | )
Ending balance |  | $ | 20 |  |  | $ | 20 |  |  | $ | 14 |

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