XML 29 R14.htm IDEA: XBRL DOCUMENT
v3.10.0.1

SEGMENT INFORMATION | 12 Months Ended
--- | ---
Dec. 29, 2018
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 5. SEGMENT INFORMATION At December 29, 2018, the Company had three reportable segments: Business Solutions Division, Retail Division and the CompuCom Division. The Business Solutions Division sells nationally branded as well as the Company’s private branded office supply and adjacency products and services to customers in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada. Business Solutions Division customers are served through dedicated sales forces, catalogs, telesales, and electronically through the Company’s Internet websites. The Retail Division includes retail stores in the United States, Puerto Rico and the U.S. Virgin Islands, which offer office supplies, technology products and solutions, business machines and related supplies, print, cleaning, breakroom and facilities products, and office furniture as well as business services including copying, printing, mailing, shipping and technology support services. In addition, the print needs for retail and business customers are also facilitated through the Company’s regional print production centers. The CompuCom Division sells information technology (“IT”) outsourcing services and products to enterprise organizations in the United States and Canada, and offers a broad range of solutions including end user computing support, managed IT services, data center monitoring and management, service desk, network infrastructure, IT workforce solutions, mobile device management and cloud services. The retained global sourcing operations previously included in the former International Division are not significant and have been presented as Other. Also included in Other is the elimination of intersegment revenues of $11 million in 2018. There were no intersegment revenues in 2017 and 2016. The office supply products and services offered by the Business Solutions Division and the Retail Division are similar, but the CompuCom Division’s offerings are focused on IT services and related products. The Company’s three operating segments are the three reportable segments. The Business Solutions Division, the Retail Division and the CompuCom Division are managed separately as they represent separate channels in the way the Company serves its customers and are managed accordingly. The accounting policies for each segment are the same as those that are described in Note 1. Division operating income is determined based on the measure of performance reported internally to manage the business and for resource allocation. This measure charges to the respective Divisions those expenses considered directly or closely related to their operations and allocates support costs. Certain operating expenses and credits are not allocated to the Business Solutions Division, the Retail Division and the CompuCom Division, including Asset impairments, Merger and restructuring expenses (income), net, and Legal expense accrual, as well as expenses and credits retained at the Corporate level, including certain management costs and legacy pension and environmental matters. Other companies may charge more or less of these items to their segments and results may not be comparable to similarly titled measures used by other entities. In addition, the Company regularly evaluates the appropriateness of the reportable segments based on how the business is managed, including decision-making about resources allocation and assessing performance of the segments, particularly in light of organizational changes, merger and acquisition activity and changing laws and regulations. Therefore, the current reportable segments may change in the future. A summary of significant accounts and balances by segment, reconciled to consolidated totals, after the elimination of discontinued operations for all periods is as follows.
(In millions) |  |  |  | Business Solutions Division |  |  | Retail Division |  |  | CompuCom Division |  |  | Other |  |  | Corporate and Discontinued Operations* |  |  | Consolidated Total |
Sales |  | 2018 |  | $ | 5,282 |  |  | $ | 4,641 |  |  | $ | 1,086 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 11,015 |
|  | 2017 |  |  | 5,108 |  |  |  | 4,962 |  |  |  | 156 |  |  |  | 14 |  |  |  | — |  |  |  | 10,240 |
|  | 2016 |  |  | 5,400 |  |  |  | 5,603 |  |  |  | — |  |  |  | 18 |  |  |  | — |  |  |  | 11,021 |
Division operating income |  | 2018 |  |  | 243 |  |  |  | 193 |  |  |  | 17 |  |  |  | (2 | ) |  |  | — |  |  |  | 451 |
|  | 2017 |  |  | 262 |  |  |  | 254 |  |  |  | 8 |  |  |  | (3 | ) |  |  | — |  |  |  | 521 |
|  | 2016 |  |  | 265 |  |  |  | 299 |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 565 |
Capital expenditures |  | 2018 |  |  | 43 |  |  |  | 108 |  |  |  | 14 |  |  |  | — |  |  |  | 22 |  |  |  | 187 |
|  | 2017 |  |  | 45 |  |  |  | 78 |  |  |  | 5 |  |  |  | — |  |  |  | 13 |  |  |  | 141 |
|  | 2016 |  |  | 42 |  |  |  | 58 |  |  |  | — |  |  |  | — |  |  |  | 11 |  |  |  | 111 |
Depreciation and amortization |  | 2018 |  |  | 64 |  |  |  | 83 |  |  |  | 38 |  |  |  | — |  |  |  | 7 |  |  |  | 192 |
|  | 2017 |  |  | 62 |  |  |  | 78 |  |  |  | 5 |  |  |  | — |  |  |  | 14 |  |  |  | 159 |
|  | 2016 |  |  | 69 |  |  |  | 90 |  |  |  | — |  |  |  | — |  |  |  | 22 |  |  |  | 181 |
Charges for losses on receivables and inventories |  | 2018 |  |  | 3 |  |  |  | 32 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 37 |
|  | 2017 |  |  | 8 |  |  |  | 62 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 70 |
|  | 2016 |  |  | 20 |  |  |  | 58 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 78 |
Assets |  | 2018 |  |  | 1,686 |  |  |  | 1,277 |  |  |  | 1,033 |  |  |  | 6 |  |  |  | 2,164 |  |  |  | 6,166 |
|  | 2017 |  |  | 1,693 |  |  |  | 1,270 |  |  |  | 1,184 |  |  |  | 5 |  |  |  | 2,171 |  |  |  | 6,323 |
* | Amounts included in “Corporate and Discontinued Operations” consist of (i) assets (including all cash and cash equivalents) and depreciation related to corporate activities of continuing operations, and (ii) assets of discontinued operations amounting to $139 million at December 30, 2017.
A reconciliation of the measure of Division operating income to Consolidated income from continuing operations before income taxes is as follows:
(In millions) |  | 2018 |  |  | 2017 |  |  | 2016 |
Division operating income |  | $ | 451 |  |  | $ | 521 |  |  | $ | 565 |
Add/(subtract): |  |  |  |  |  |  |  |  |  |  |  |
Asset impairments |  |  | (7 | ) |  |  | (4 | ) |  |  | (15 | )
Merger and restructuring income (expenses), net |  |  | (72 | ) |  |  | (94 | ) |  |  | 80 |
Legal expense accrual |  |  | (25 | ) |  |  | — |  |  |  | — |
Unallocated expenses |  |  | (93 | ) |  |  | (96 | ) |  |  | (112 | )
Interest income |  |  | 25 |  |  |  | 22 |  |  |  | 22 |
Interest expense |  |  | (121 | ) |  |  | (62 | ) |  |  | (80 | )
Loss on extinguishment and modification of debt |  |  | (15 | ) |  |  | — |  |  |  | (15 | )
Other income, net |  |  | 15 |  |  |  | 12 |  |  |  | 14 |
Income from continuing operations before income taxes |  | $ | 158 |  |  | $ | 299 |  |  | $ | 459 |
There is no single customer that accounts for 10% or more of the Company’s total sales in 2018, 2017 or 2016. As of December 29, 2018, goodwill totaled $914 million, of which $387 million was recorded in the Business Solutions Division, $78 million in the Retail Division and $449 million in the CompuCom Division.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration