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EARNINGS (LOSS) PER SHARE | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | NOTE 5. EARNINGS (LOSS) PER SHARE The following table presents the calculation of net earnings (loss) per common share — basic and diluted:
(In millions, except per share amounts) |  | 2022 |  |  | 2021 |  |  | 2020 |
Basic Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | 178 |  |  | $ | 187 |  |  | $ | (63 | )
Loss from discontinued operations, net of tax |  |  | (12 | ) |  |  | (395 | ) |  |  | (256 | )
Net income (loss) |  | $ | 166 |  |  | $ | (208 | ) |  | $ | (319 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 48 |  |  |  | 53 |  |  |  | 53 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 3.73 |  |  | $ | 3.54 |  |  | $ | (1.20 | )
Discontinued operations |  |  | (0.25 | ) |  |  | (7.47 | ) |  |  | (4.85 | )
Net basic earnings (loss) per share |  | $ | 3.48 |  |  | $ | (3.93 | ) |  | $ | (6.05 | )
Diluted Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | 178 |  |  | $ | 187 |  |  | $ | (63 | )
Loss from discontinued operations, net of tax |  |  | (12 | ) |  |  | (395 | ) |  |  | (256 | )
Net income (loss) |  | $ | 166 |  |  | $ | (208 | ) |  | $ | (319 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 48 |  |  |  | 53 |  |  |  | 53 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Stock options and restricted stock |  |  | 1 |  |  |  | 2 |  |  |  | — |
Diluted weighted-average shares outstanding |  |  | 49 |  |  |  | 55 |  |  |  | 53 |
Diluted earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 3.61 |  |  | $ | 3.42 |  |  | $ | (1.20 | )
Discontinued operations |  |  | (0.24 | ) |  |  | (7.21 | ) |  |  | (4.85 | )
Net diluted earnings (loss) per share |  | $ | 3.37 |  |  | $ | (3.79 | ) |  | $ | (6.05 | )
Awards of stock options and nonvested shares representing additional shares of outstanding common stock were less than 1 million, 1 million and 2 million for the fiscal years ended December 31, 2022, December 25, 2021 and December 26, 2020, respectively, but were not included in the computation of diluted weighted-average shares outstanding because their effect would have been antidilutive.

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