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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 25, 2021

Segment Reporting [Abstract]

Summary of Significant Accounts and Balances by Each Divisions and Other

The following is a summary of sales and operating income (loss) by each of the Divisions and Other, reconciled to consolidated totals.

		Sales
		Third Quarter								Year-to-Date
(In millions)		2021				2020				2021				2020
Business Solutions Division		$	1,171			$	1,197			$	3,445			$	3,554
Retail Division			999				1,147				2,952				3,216
Other			9				3				26				17
Total		$	2,179			$	2,347			$	6,423			$	6,787

		Division Operating Income (Loss)
		Third Quarter								Year-to-Date
(In millions)		2021				2020				2021				2020
Business Solutions Division		$	41			$	45			$	89			$	98
Retail Division			107				119				252				224
Other			—				—				(1	)			2
Total		$	148			$	164			$	340			$	324

Reconciliation of Measure of Division Operating Income to Consolidated Income (Loss) from Continuing Operations Before Income Taxes

A reconciliation of the measure of Division operating income to Consolidated income (loss) from continuing operations before income taxes is as follows:

		Third Quarter								Year-to-Date
(In millions)		2021				2020				2021				2020
Total Divisions operating income		$	148			$	164			$	340			$	324
Add/(subtract):
Asset impairments			(5	)			(10	)			(18	)			(175	)
Merger, restructuring and other operating expenses, net			(13	)			(24	)			(37	)			(89	)
Unallocated expenses			(26	)			(28	)			(82	)			(74	)
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	)

Schedule of Goodwill by Segment

The components of goodwill by segment are provided in the following table:

		Business Solutions				Retail
(In millions)		Division				Division				Other				Total
Balance as of December 26, 2020		$	316			$	78			$	—			$	394
Acquisitions			1				—				67				68
Balance as of September 25, 2021		$	317			$	78			$	67			$	462

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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