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EARNINGS (LOSS) PER SHARE (Tables) | 12 Months Ended
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Dec. 25, 2021
Earnings Per Share [Abstract] |
Calculation of Earnings (Loss) Per Common Share | The following table presents the calculation of net earnings (loss) per common share — basic and diluted:
(In millions, except per share amounts) |  | 2021 |  |  | 2020 |  |  | 2019 |
Basic Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | 187 |  |  | $ | (63 | ) |  | $ | 127 |
Loss from discontinued operations, net of tax |  |  | (395 | ) |  |  | (256 | ) |  |  | (28 | )
Net income (loss) |  | $ | (208 | ) |  | $ | (319 | ) |  | $ | 99 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 53 |  |  |  | 53 |  |  |  | 54 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 3.54 |  |  | $ | (1.20 | ) |  | $ | 2.32 |
Discontinued operations |  |  | (7.47 | ) |  |  | (4.85 | ) |  |  | (0.50 | )
Net basic earnings (loss) per share |  | $ | (3.93 | ) |  | $ | (6.05 | ) |  | $ | 1.82 |
Diluted Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | 187 |  |  | $ | (63 | ) |  | $ | 127 |
Loss from discontinued operations, net of tax |  |  | (395 | ) |  |  | (256 | ) |  |  | (28 | )
Net income (loss) |  | $ | (208 | ) |  | $ | (319 | ) |  | $ | 99 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 53 |  |  |  | 53 |  |  |  | 54 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Stock options and restricted stock |  |  | 2 |  |  |  | — |  |  |  | 1 |
Diluted weighted-average shares outstanding |  |  | 55 |  |  |  | 53 |  |  |  | 55 |
Diluted earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 3.42 |  |  | $ | (1.20 | ) |  | $ | 2.29 |
Discontinued operations |  |  | (7.21 | ) |  |  | (4.85 | ) |  |  | (0.50 | )
Net diluted earnings (loss) per share |  | $ | (3.79 | ) |  | $ | (6.05 | ) |  | $ | 1.79 |

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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=124432515&loc=d3e3550-109257 + Details
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