
(In millions, except per share amounts)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Fiscal Year Ended December 28, 2024*
Net sales	$	1,869		$	1,717		$	1,780		$	1,624
Gross profit		408			342			364			331
Operating income (1)		41			—			102			20
Net income (loss) from continuing operations		31			(4	)		68			11
Discontinued operations, net of tax		(16	)		(69	)		(10	)		(14	)
Net income (loss)		15			(73	)		58			(3	)
Basic earnings (loss) per share (2)
Continuing operations	$	0.86		$	(0.12	)	$	2.06		$	0.36
Discontinued operations		(0.44	)		(1.93	)		(0.31	)		(0.47	)
Net basic earnings (loss) per share	$	0.42		$	(2.05	)	$	1.75		$	(0.11	)
Diluted earnings (loss) per share (2)
Continuing operations	$	0.83		$	(0.12	)	$	2.04		$	0.36
Discontinued operations		(0.43	)		(1.93	)		(0.31	)		(0.46	)
Net diluted earnings (loss) per share	$	0.40		$	(2.05	)	$	1.73		$	(0.10	)

* Due to rounding, the sum of the quarterly amounts may not equal the reported amounts for the year.

(1)

Includes Merger, restructuring and other operating expenses, net totaling $19 million, $25 million, and $2 million in the first, second, and third quarters of 2024, respectively. The first, second, third and fourth quarters of 2024 also include asset impairments of $6 million, $8 million, $7 million and $12 million, respectively.

(2)

The sum of the quarterly earnings (loss) per share does not equal the annual earnings (loss) per share due to differences in quarterly and annual weighted-average shares outstanding.


(In millions, except per share amounts)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Fiscal Year Ended December 30, 2023*
Net sales	$	2,106		$	1,907		$	2,007		$	1,803
Gross profit		480			414			472			394
Operating income (3)		111			60			108			52
Net income from continuing operations		84			43			82			39
Discontinued operations, net of tax		(12	)		(9	)		(12	)		(76	)
Net income (loss)		72			34			70			(37	)
Basic earnings (loss) per share (4)
Continuing operations	$	2.08		$	1.11		$	2.14		$	1.06
Discontinued operations		(0.28	)		(0.22	)		(0.31	)		(2.05	)
Net basic earnings (loss) per share	$	1.80		$	0.89		$	1.83		$	(0.99	)
Diluted earnings (loss) per share (4)
Continuing operations	$	1.98		$	1.09		$	2.09		$	1.02
Discontinued operations		(0.27	)		(0.22	)		(0.30	)		(1.98	)
Net diluted earnings (loss) per share	$	1.71		$	0.87		$	1.79		$	(0.96	)

* Due to rounding, the sum of the quarterly amounts may not equal the reported amounts for the year.

(3)

Includes Merger, restructuring and other operating expenses, net totaling $1 million, $1 million, and $2 million in the second, third and fourth quarters of 2023, respectively. The first, second, third and fourth quarters of 2023 also include asset impairments of $4 million, $6 million, $3 million and $3 million, respectively.

(4)

The sum of the quarterly earnings (loss) per share does not equal the annual earnings (loss) per share due to differences in quarterly and annual weighted-average shares outstanding.