XML 8 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Sales $ 1,780 $ 2,007 $ 5,367 $ 6,020
Cost of goods and occupancy costs 1,416 1,535 4,252 4,653
Gross profit 364 472 1,115 1,367
Selling, general and administrative expenses 323 360 974 1,073
Asset impairments 7 3 21 13
Merger and restructuring expenses, net 2 1 47 2
Legal matter monetization (70)   (70)  
Operating income 102 108 143 279
Other income (expense):        
Interest income 2 3 7 7
Interest expense (6) (5) (16) (15)
Other income, net (3) 3 (4) 8
Income from continuing operations before income taxes 95 109 130 279
Income tax expense 27 27 35 71
Net income from continuing operations 68 82 95 208
Discontinued operations, net of tax (10) (12) $ (95) (32)
Net income $ 58 $ 70   $ 176
Basic earnings (loss) per share        
Continuing operations $ 2.06 $ 2.14 $ 2.72 $ 5.34
Discontinued operations (0.31) (0.31) (2.71) (0.82)
Net basic earnings per share 1.75 1.83 0.01 4.52
Diluted earnings (loss) per share        
Continuing operations 2.04 2.09 2.65 5.18
Discontinued operations (0.31) (0.3) (2.64) (0.8)
Net diluted earnings per share $ 1.73 $ 1.79 $ 0.01 $ 4.38