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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Sales:        
Total sales $ 2,588 $ 2,628 $ 5,356 $ 5,458
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs 2,003 2,032 4,129 4,195
Gross profit 585 596 1,227 1,263
Selling, general and administrative expenses 515 534 1,090 1,107
Asset impairments 16   45  
Merger and restructuring expenses, net 69 14 83 31
Operating income (loss) (15) 48 9 125
Other income (expense):        
Interest income 5 6 11 12
Interest expense (23) (31) (46) (60)
Other income, net 2 5 5 6
Income (loss) from continuing operations before income taxes (31) 28 (21) 83
Income tax expense (benefit) (7) 9 (5) 31
Net income (loss) from continuing operations (24) 19 (16) 52
Discontinued operations, net of tax   (3)   5
Net income (loss) $ (24) $ 16 $ (16) $ 57
Basic earnings (loss) per common share        
Continuing operations $ (0.04) $ 0.03 $ (0.03) $ 0.09
Discontinued operations       0.01
Net basic earnings (loss) per common share (0.04) 0.03 (0.03) 0.10
Diluted earnings (loss) per common share        
Continuing operations (0.04) 0.03 (0.03) 0.09
Discontinued operations       0.01
Net diluted earnings (loss) per common share $ (0.04) $ 0.03 $ (0.03) $ 0.10
Product        
Sales:        
Total sales $ 2,183 $ 2,196 $ 4,543 $ 4,619
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs 1,731 1,737 3,570 3,628
Service        
Sales:        
Total sales 405 432 813 839
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs $ 272 $ 295 $ 559 $ 567