XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.22.2

MERGER, RESTRUCTURING AND OTHER ACTIVITY (Tables) | 6 Months Ended
--- | ---
Jun. 25, 2022
Merger Restructuring And Other Activity [Abstract] |
Summary of Major Components of Merger, Restructuring and Other Operating Expenses, Net | The table below summarizes the major components of Merger, restructuring and other operating expenses, net.
|  | Second Quarter |  |  | First Half |
(In millions) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Merger and transaction related expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transaction and integration |  | $ | — |  |  | $ | — |  |  |  | — |  |  |  | 1 |
Total Merger and transaction related expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Restructuring expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance |  |  | (1 | ) |  |  | (2 | ) |  |  | (1 | ) |  |  | (1 | )
Professional fees |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Facility closure, contract termination, and other expenses, net |  |  | 1 |  |  |  | — |  |  |  | 2 |  |  |  | 9 |
Total Restructuring expenses, net |  |  | — |  |  |  | (2 | ) |  |  | 1 |  |  |  | 8 |
Other operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Professional fees |  |  | 23 |  |  |  | 13 |  |  |  | 33 |  |  |  | 14 |
Total Other operating expenses |  |  | 23 |  |  |  | 13 |  |  |  | 33 |  |  |  | 14 |
Total Merger, restructuring and other operating expenses, net |  | $ | 23 |  |  | $ | 11 |  |  | $ | 34 |  |  | $ | 23 |
Facility Closure and Severance Costs | The activity in the merger, restructuring and other accruals in the first half of 2022 is presented in the table below. Certain merger, restructuring and other charges are excluded from the table because they are paid as incurred or non-cash, such as accelerated depreciation and gains and losses on asset dispositions.
|  | Balance as of |  |  |  |  |  |  |  |  |  |  | Balance as of |
|  | December 25, |  |  | Charges (credits) |  |  | Cash |  |  | June 25, |
(In millions) |  | 2021 |  |  | Incurred |  |  | Payments |  |  | 2022 |
Termination benefits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maximize B2B Restructuring Plan |  |  | 19 |  |  |  | (1 | ) |  |  | — |  |  |  | 18 |
Lease and contract obligations, accruals for facilities closures and other costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maximize B2B Restructuring Plan |  |  | 6 |  |  |  | 2 |  |  |  | (3 | ) |  |  | 5 |
Comprehensive Business Review |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |
Previously planned separation of consumer business |  |  | 2 |  |  |  | 32 |  |  |  | (18 | ) |  |  | 16 |
Total |  | $ | 28 |  |  | $ | 33 |  |  | $ | (21 | ) |  | $ | 40 |

X
- Definition Merger restructuring and other activity. + References No definition available. + Details
Name: | odp_MergerRestructuringAndOtherActivityAbstract
Namespace Prefix: | odp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration