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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 28, 2024

Segment Reporting [Abstract]

Summary of Sales and Operating Income by Each of the Divisions, Reconciled to Consolidated Sales and Income from Continuing Operations Before Income Taxes

The following table presents sales and operating income by each of the Divisions, reconciled to consolidated sales and income from continuing operations before income taxes. The table also includes significant expenses of the Divisions:

(In millions)		ODP Business Solutions Division				Office Depot Division				Veyer Division				Total
2024
Sales (external)		$	3,578			$	3,358			$	54			$	6,990
Sales (internal)			9				30				4,668				4,707
Total sales		$	3,587			$	3,388			$	4,722			$	11,697
Reconciliation of revenue
Elimination of intersegment revenues															(4,707	)
Total consolidated revenues														$	6,990
Less:
Cost of goods (and occupancy costs)			3,080				2,544				4,628
Selling, general and administrative expenses			395				723				72
Division operating income		$	112			$	121			$	22			$	255
Reconciliation of segment profit (loss)
Less unallocated amounts:
Selling, general and administrative expenses															82
Asset impairments															33
Merger, restructuring and other operating expenses, net															47
Legal matter monetization															(70	)
Other expense															17
Income from continuing operations before income taxes														$	146

(In millions)		ODP Business Solutions Division				Office Depot Division				Veyer Division				Total
2023
Sales (external)		$	3,904			$	3,884			$	35			$	7,823
Sales (internal)			13				34				5,253				5,300
Total sales		$	3,917			$	3,918			$	5,288			$	13,123
Reconciliation of revenue
Elimination of intersegment revenues															(5,300	)
Total consolidated revenues														$	7,823
Less:
Cost of goods (and occupancy costs)			3,310				2,881				5,171
Selling, general and administrative expenses			433				807				83
Division operating income		$	174			$	230			$	34			$	438
Reconciliation of segment profit (loss)
Less unallocated amounts:
Selling, general and administrative expenses															87
Asset impairments															17
Merger, restructuring and other operating expenses, net															4
Other expense															1
Income from continuing operations before income taxes														$	329

(In millions)		ODP Business Solutions Division				Office Depot Division				Veyer Division				Total
2022
Sales (external)		$	4,005			$	4,451			$	28			$	8,484
Sales (internal)			19				36				5,855				5,910
Total sales		$	4,024			$	4,487			$	5,883			$	14,394
Reconciliation of revenue
Elimination of intersegment revenues															(5,910	)
Total consolidated revenues														$	8,484
Less:
Cost of goods (and occupancy costs)			3,453				3,318				5,778
Selling, general and administrative expenses			431				884				77
Division operating income		$	140			$	285			$	28			$	453
Reconciliation of segment profit (loss)
Less unallocated amounts:
Selling, general and administrative expenses															94
Asset impairments															14
Merger, restructuring and other operating expenses, net															39
Other expense															1
Income from continuing operations before income taxes														$	305

The following table provides information about other significant balances by each of the Divisions, reconciled to consolidated totals:

(In millions)		ODP Business Solutions Division				Office Depot Division				Veyer Division				Corporate and Discontinued Operations*				Consolidated Total
2024
Capital expenditures		$	8			$	24			$	30			$	36			$	98
Depreciation and amortization			19				41				33				4				97
Assets			686				1,197				1,101				545				3,529
2023
Capital expenditures			10				20				21				30				81
Depreciation and amortization			17				44				35				3				99
Assets			768				1,556				1,076				487				3,887
2022
Capital expenditures			5				14				20				16				55
Depreciation and amortization			21				56				37				4				118
Assets			749				1,553				993				854				4,149

*Amounts included in “Corporate and Discontinued Operations” consist of (i) assets (including all cash and cash equivalents) and depreciation related to corporate activities of continuing operations, and (ii) $74 million of assets at December 30, 2023, related to discontinued operations.

Summary of Disaggregated Revenue from Major Sales Categories

The following table provides information about disaggregated sales by major categories:

(In millions)		2024				2023				2022
Major sales categories
Supplies		$	3,451			$	3,899			$	4,144
Technology			1,928				2,171				2,454
Furniture and other			991				1,102				1,255
Copy and print			620				651				631
Total		$	6,990			$	7,823			$	8,484

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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