XML 36 R30.htm IDEA: XBRL DOCUMENT
v3.24.3

DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
--- | ---
Sep. 28, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Major Component of Discontinued Operations, Net of Tax and Major Classes of Assets and Liabilities of Disposal Group Classified as Held for Sale | The following table represents a reconciliation of the major components of discontinued operations, net of tax, as presented in the Condensed Consolidated Statements of Operations.
|  | Third Quarter |  |  | Year-to-Date |
(In millions) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Major components of discontinued operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Sales |  | $ | 2 |  |  | $ | 2 |  |  | $ | 5 |  |  | $ | 5 |
Cost of goods and occupancy costs: |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 2 |
Gross profit |  |  | 2 |  |  |  | 1 |  |  |  | 5 |  |  |  | 3 |
Selling, general and administrative expenses |  |  | 8 |  |  |  | 18 |  |  |  | 34 |  |  |  | 50 |
Merger and restructuring expenses, net |  |  | — |  |  |  | — |  |  |  | 8 |  |  |  | — |
Operating loss |  |  | (6 | ) |  |  | (17 | ) |  |  | (37 | ) |  |  | (47 | )
Loss from major components of discontinued operations before income taxes |  |  | (6 | ) |  |  | (17 | ) |  |  | (37 | ) |  |  | (47 | )
Loss on disposal of discontinued operations |  |  | (4 | ) |  |  | — |  |  |  | (81 | ) |  |  | — |
Loss from discontinued operations before income taxes |  |  | (10 | ) |  |  | (17 | ) |  |  | (118 | ) |  |  | (47 | )
Income tax expense (benefit) |  |  | — |  |  |  | (5 | ) |  |  | (23 | ) |  |  | (15 | )
Discontinued operations, net of tax |  | $ | (10 | ) |  | $ | (12 | ) |  | $ | (95 | ) |  | $ | (32 | )
The following table represents the major classes of assets and liabilities of the disposal group classified as held for sale presented in the Condensed Consolidated Balance Sheets as of September 28, 2024 and December 30, 2023.
|  | September 28, |  |  | December 30, |
(In millions) |  | 2024 |  |  | 2023 |
Major classes of assets included in discontinued operations: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 11 |  |  | $ | 10 |
Receivables, net |  |  | 2 |  |  |  | 2 |
Deferred tax assets |  |  | 11 |  |  |  | — |
Property and equipment, net |  |  | 63 |  |  |  | 62 |
Less: valuation allowance |  |  | (81 | ) |  |  |
Total assets of the disposal group classified as held for sale |  | $ | 6 |  |  | $ | 74 |
Major classes of liabilities included in discontinued operations: |  |  |  |  |  |
Trade accounts payable |  | $ | 1 |  |  | $ | — |
Accrued expenses and other current liabilities |  |  | 5 |  |  |  | 8 |
Deferred income taxes and other long-term liabilities |  |  | — |  |  |  | 4 |
Total liabilities of the disposal group classified as held for sale |  | $ | 6 |  |  | $ | 12 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration