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EARNINGS (LOSS) PER SHARE (Tables) | 9 Months Ended
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Sep. 26, 2020
Earnings Per Share [Abstract] |
Calculation of Earnings (Loss) Per Common Share | The following table represents the calculation of earnings (loss) per common share – basic and diluted:
|  | Third Quarter |  |  | Year-to-Date |
(In millions, except per share amounts) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Basic Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 57 |  |  | $ | 60 |  |  | $ | (337 | ) |  | $ | 44 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 53 |  |  |  | 55 |  |  |  | 53 |  |  |  | 54 |
Basic earnings (loss) per share |  | $ | 1.07 |  |  | $ | 1.09 |  |  | $ | (6.40 | ) |  | $ | 0.81 |
Diluted Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 57 |  |  | $ | 60 |  |  | $ | (337 | ) |  | $ | 44 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 53 |  |  |  | 55 |  |  |  | 53 |  |  |  | 54 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options and restricted stock |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |
Diluted weighted-average shares outstanding |  |  | 54 |  |  |  | 55 |  |  |  | 53 |  |  |  | 55 |
Diluted earnings (loss) per share |  | $ | 1.04 |  |  | $ | 1.09 |  |  | $ | (6.40 | ) |  | $ | 0.79 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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