XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 25, 2021
Sep. 26, 2020
Sales:        
Total sales $ 2,179 $ 2,347 $ 6,423 $ 6,787
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs 1,675 1,800 4,992 5,286
Gross profit 504 547 1,431 1,501
Selling, general and administrative expenses 382 411 1,173 1,251
Asset impairments 5 10 18 175
Merger, restructuring and other operating expenses, net 13 24 37 89
Operating income (loss) 104 102 203 (14)
Other income (expense):        
Interest income       3
Interest expense (7) (6) (20) (34)
Loss on extinguishment and modification of debt       (12)
Other income, net 3 2 19 5
Income (loss) from continuing operations before income taxes 100 98 202 (52)
Income tax expense 27 64 47 42
Net income (loss) from continuing operations 73 34 155 (94)
Discontinued operations, net of tax 28 23 (89) (243)
Net income (loss) $ 101 $ 57 $ 66 $ (337)
Basic earnings (loss) per share        
Continuing operations $ 1.38 $ 0.64 $ 2.89 $ (1.78)
Discontinued operations 0.54 0.43 (1.65) (4.62)
Net basic earnings (loss) per share 1.92 1.07 1.24 (6.40)
Diluted earnings (loss) per share        
Continuing operations 1.33 0.63 2.79 (1.78)
Discontinued operations 0.52 0.41 (1.60) (4.62)
Net diluted earnings (loss) per share $ 1.85 $ 1.04 $ 1.19 $ (6.40)
Product        
Sales:        
Total sales $ 1,993 $ 2,166 $ 5,890 $ 6,238
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs 1,560 1,688 4,660 4,935
Service        
Sales:        
Total sales 186 181 533 549
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs $ 115 $ 112 $ 332 $ 351