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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Summary of Sales, Operating Income (Loss) and Other Significant Balances by Each of the Divisions, Reconciled to Consolidated Totals | The following is a summary of sales and operating income (loss) by each of the Divisions, reconciled to consolidated totals:
(In millions) |  | ODP Business Solutions Division |  |  | Office Depot Division |  |  | Veyer Division |  |  | Varis Division |  |  | Eliminations |  |  | Total |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales (external) |  | $ | 4,005 |  |  | $ | 4,451 |  |  | $ | 28 |  |  | $ | 7 |  |  | $ | - |  |  | $ | 8,491 |
Sales (internal) |  |  | 19 |  |  |  | 36 |  |  |  | 5,855 |  |  |  | - |  |  |  | (5,910 | ) |  |  | — |
Total sales |  | $ | 4,024 |  |  | $ | 4,487 |  |  | $ | 5,883 |  |  | $ | 7 |  |  | $ | (5,910 | ) |  | $ | 8,491 |
Division operating income (loss) |  | $ | 140 |  |  | $ | 285 |  |  | $ | 28 |  |  | $ | (66 | ) |  | $ | - |  |  | $ | 387 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales (external) |  | $ | 3,602 |  |  | $ | 4,830 |  |  | $ | 28 |  |  | $ | 5 |  |  | $ | - |  |  | $ | 8,465 |
Sales (internal) |  |  | 24 |  |  |  | 34 |  |  |  | 5,963 |  |  |  | - |  |  |  | (6,021 | ) |  |  | - |
Total sales |  | $ | 3,626 |  |  | $ | 4,864 |  |  | $ | 5,991 |  |  | $ | 5 |  |  | $ | (6,021 | ) |  | $ | 8,465 |
Division operating income (loss) |  | $ | 72 |  |  | $ | 325 |  |  | $ | 30 |  |  | $ | (34 | ) |  | $ | - |  |  | $ | 393 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales (external) |  | $ | 3,549 |  |  | $ | 5,300 |  |  | $ | 23 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,872 |
Sales (internal) |  |  | 29 |  |  |  | 35 |  |  |  | 6,321 |  |  |  | - |  |  |  | (6,385 | ) |  |  | - |
Total sales |  | $ | 3,578 |  |  | $ | 5,335 |  |  | $ | 6,344 |  |  | $ | - |  |  | $ | (6,385 | ) |  | $ | 8,872 |
Division operating income (loss) |  | $ | 51 |  |  | $ | 317 |  |  | $ | 28 |  |  | $ | - |  |  | $ | - |  |  | $ | 396 |
The following table provides information about other significant balances by each of the Divisions, reconciled to consolidated totals:
(In millions) |  | ODP Business Solutions Division |  |  | Office Depot Division |  |  | Veyer Division |  |  | Varis Division |  |  | Corporate and Discontinued Operations* |  |  | Consolidated Total |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 5 |  |  | $ | 14 |  |  | $ | 20 |  |  | $ | 44 |  |  | $ | 16 |  |  | $ | 99 |
Depreciation and amortization |  |  | 21 |  |  |  | 56 |  |  |  | 37 |  |  |  | 13 |  |  |  | 4 |  |  |  | 131 |
Assets |  |  | 749 |  |  |  | 1,553 |  |  |  | 993 |  |  |  | 130 |  |  |  | 724 |  |  |  | 4,149 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | 5 |  |  |  | 15 |  |  |  | 22 |  |  |  | 14 |  |  |  | 17 |  |  |  | 73 |
Depreciation and amortization |  |  | 24 |  |  |  | 67 |  |  |  | 40 |  |  |  | 4 |  |  |  | 11 |  |  |  | 146 |
Assets |  |  | 654 |  |  |  | 1,728 |  |  |  | 1,038 |  |  |  | 83 |  |  |  | 1,362 |  |  |  | 4,865 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | 8 |  |  |  | 25 |  |  |  | 19 |  |  |  | — |  |  |  | 6 |  |  |  | 58 |
Depreciation and amortization |  |  | 21 |  |  |  | 75 |  |  |  | 49 |  |  |  | — |  |  |  | 12 |  |  |  | 157 |
* Amounts included in “Corporate and Discontinued Operations” consist of (i) assets (including all cash and cash equivalents) and depreciation related to corporate activities and shared services of continuing operations, and (ii) assets of discontinued operations amounting to $469 million at December 25, 2021.
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:
(In millions) |  | 2022 |  |  | 2021 |  |  | 2020 |
Division operating income |  | $ | 387 |  |  | $ | 393 |  |  | $ | 396 |
Add/(subtract): |  |  |  |  |  |  |  |  |  |  |  |
Asset impairments |  |  | (14 | ) |  |  | (20 | ) |  |  | (182 | )
Merger, restructuring and other operating expenses, net |  |  | (39 | ) |  |  | (51 | ) |  |  | (102 | )
Unallocated expenses |  |  | (91 | ) |  |  | (88 | ) |  |  | (106 | )
Interest income |  |  | 5 |  |  |  | 1 |  |  |  | 4 |
Interest expense |  |  | (16 | ) |  |  | (28 | ) |  |  | (42 | )
Loss on extinguishment and modification of debt |  |  | — |  |  |  | — |  |  |  | (12 | )
Other income, net |  |  | 10 |  |  |  | 24 |  |  |  | 6 |
Income (loss) from continuing operations before income taxes |  | $ | 242 |  |  | $ | 231 |  |  | $ | (38 | )
Summary of Disaggregated Revenue from Major Sales Categories | The following table provides information about disaggregated sales by major categories:
(In millions) |  | 2022 |  |  | 2021 |  |  | 2020 |
Major sales categories |  |  |  |  |  |  |  |  |  |  |  |
Supplies |  | $ | 4,144 |  |  | $ | 3,815 |  |  | $ | 4,006 |
Technology |  |  | 2,461 |  |  |  | 2,758 |  |  |  | 3,014 |
Furniture and other |  |  | 1,255 |  |  |  | 1,302 |  |  |  | 1,281 |
Copy and print |  |  | 631 |  |  |  | 590 |  |  |  | 571 |
Total |  | $ | 8,491 |  |  | $ | 8,465 |  |  | $ | 8,872 |

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