XML 10 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Income Statement [Abstract]        
Sales $ 1,717 $ 1,907 $ 3,586 $ 4,013
Cost of goods and occupancy costs 1,375 1,493 2,836 3,118
Gross profit 342 414 750 895
Selling, general and administrative expenses 309 347 650 712
Asset impairments 8 6 14 10
Merger and restructuring expenses, net 25 1 45 1
Operating income   60 41 172
Other income (expense):        
Interest income 2 2 5 4
Interest expense (5) (5) (10) (10)
Other income, net (1) 3 (1) 5
Income (loss) from continuing operations before income taxes (4) 60 35 171
Income tax expense   17 8 44
Net income (loss) from continuing operations (4) 43 27 127
Discontinued operations, net of tax (69) (9) (85) (20)
Net income (loss) $ (73) $ 34 $ (58) $ 107
Basic earnings (loss) per share        
Continuing operations $ (0.12) $ 1.11 $ 0.75 $ 3.22
Discontinued operations (1.93) (0.22) (2.34) (0.52)
Net basic earnings (loss) per share (2.05) 0.89 (1.59) 2.7
Diluted earnings (loss) per share        
Continuing operations (0.12) 1.09 0.73 3.11
Discontinued operations (1.93) (0.22) (2.28) (0.5)
Net diluted earnings (loss) per share $ (2.05) $ 0.87 $ (1.55) $ 2.61