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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 30, 2024
Segment Reporting [Abstract] |
Summary of Sales and Operating Income (Loss) 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 |
First Quarter of 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales (external) |  | $ | 923 |  |  | $ | 937 |  |  | $ | 9 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 1,871 |
Sales (internal) |  |  | 3 |  |  |  | 7 |  |  |  | 1,235 |  |  |  | — |  |  |  | (1,245 | ) |  |  | — |
Total sales |  | $ | 926 |  |  | $ | 944 |  |  | $ | 1,244 |  |  | $ | 2 |  |  | $ | (1,245 | ) |  | $ | 1,871 |
Division operating income (loss) |  | $ | 30 |  |  | $ | 50 |  |  | $ | 9 |  |  | $ | (14 | ) |  | $ | — |  |  | $ | 75 |
First Quarter of 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales (external) |  | $ | 1,005 |  |  | $ | 1,094 |  |  | $ | 7 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2,108 |
Sales (internal) |  |  | 4 |  |  |  | 9 |  |  |  | 1,412 |  |  |  | — |  |  |  | (1,425 | ) |  |  | — |
Total sales |  | $ | 1,009 |  |  | $ | 1,103 |  |  | $ | 1,419 |  |  | $ | 2 |  |  | $ | (1,425 | ) |  | $ | 2,108 |
Division operating income (loss) |  | $ | 39 |  |  | $ | 85 |  |  | $ | 15 |  |  | $ | (17 | ) |  | $ | — |  |  | $ | 122 |
Reconciliation of Measure of Division Operating Income to Consolidated Income (Loss) from Continuing Operations Before Income Taxes | The reconciliation of the measure of Division operating income to Consolidated income from continuing operations before income taxes is as follows:
|  | First Quarter |
(In millions) |  | 2024 |  |  | 2023 |
Total Divisions operating income |  | $ | 75 |  |  | $ | 122 |
Add/(subtract): |  |  |  |  |  |
Asset impairments |  |  | (6 | ) |  |  | (4 | )
Merger and restructuring expenses, net |  |  | (27 | ) |  |  | — |
Unallocated expenses |  |  | (24 | ) |  |  | (23 | )
Interest income |  |  | 3 |  |  |  | 2 |
Interest expense |  |  | (4 | ) |  |  | (5 | )
Other income, net |  |  | — |  |  |  | 2 |
Income from continuing operations before income taxes |  | $ | 17 |  |  | $ | 94 |
Summary of Disaggregated Revenue from Major Sales Categories | The following table provides information about disaggregated sales by major categories:
|  | First Quarter |
(In millions) |  | 2024 |  |  | 2023 |
Major sales categories |  |  |  |  |  |
Supplies |  | $ | 929 |  |  | $ | 1,052 |
Technology |  |  | 531 |  |  |  | 616 |
Furniture and other |  |  | 253 |  |  |  | 278 |
Copy and print |  |  | 158 |  |  |  | 162 |
Total |  | $ | 1,871 |  |  | $ | 2,108 |
Schedule of Goodwill by Segment | The components of goodwill by segment are as follows:
(In millions) |  | Balance as of December 30, 2023 |  |  | Acquisitions |  |  | Balance as of March 30, 2024 |
ODP Business Solutions Division |  | $ | 149 |  |  | $ | — |  |  | $ | 149 |
Office Depot Division |  |  | 219 |  |  |  | — |  |  |  | 219 |
Veyer Division |  |  | 35 |  |  |  | — |  |  |  | 35 |
Total |  | $ | 403 |  |  | $ | — |  |  | $ | 403 |

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