XML 50 R34.htm IDEA: XBRL DOCUMENT v3.22.0.1
EARNINGS (LOSS) PER SHARE (Tables)
 12 Months Ended
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