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INCOME TAXES (Tables)

12 Months Ended

Dec. 28, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income from Continuing Operations Before Income Taxes

The components of income from continuing operations before income taxes consisted of the following:

(In millions)		2024				2023				2022
United States		$	127			$	305			$	289
Foreign			19				24				16
Total income from continuing operations before  income taxes		$	146			$	329			$	305

Schedule Income Tax Expense Related to Income From Continuing Operations

The income tax expense related to income from continuing operations consisted of the following:

(In millions)		2024				2023				2022
Current:
Federal		$	3			$	31			$	38
State			(5	)			—				(1	)
Foreign			2				10				7
Deferred:
Federal			33				32				27
State			8				7				10
Foreign			(1	)			2				(2	)
Total income tax expense		$	40			$	82			$	79

Reconciliation of Income Taxes at The Federal Statutory Rate to The Provision for Income Taxes

The following is a reconciliation of income taxes at the U.S. federal statutory rate to the provision for income taxes:

(In millions)		2024				2023				2022
Federal tax computed at the statutory rate		$	31			$	69			$	64
State taxes, net of federal benefit			6				16				13
Foreign income taxed at rates other than federal			2				3				2
Increase in valuation allowance			5				—				—
Other non-deductible expenses and settlements			3				4				4
FIN 48 adjustments			(2	)			4				(2	)
Non-taxable income and additional deductible expenses			(2	)			(2	)			(1	)
Impact of stock compensation windfall			(2	)			(5	)			(3	)
State NOL expirations (additions)			—				(1	)			2
Tax credits			(5	)			(8	)			—
Reduction of capital loss carryback			—				3				—
Other items, net			4				(1	)			—
Income tax expense		$	40			$	82			$	79

Schedule of Components Deferred Income Tax Assets and Liabilities

The components of deferred income tax assets and liabilities consisted of the following:

		December 28,				December 30,
(In millions)		2024				2023
U.S. and foreign loss carryforwards		$	227			$	272
Operating lease right-of-use assets			268				259
Pension and other accrued compensation			11				19
Accruals for facility closings			1				1
Inventory			7				10
Self-insurance accruals			1				12
Deferred revenue			6				7
U.S. and foreign income tax credit carryforwards			8				6
Allowance for bad debts			3				5
Accrued expenses			12				13
Basis difference in fixed assets			42				44
Internally developed software			5				—
Gross deferred tax assets			591				648
Valuation allowance			(227	)			(244	)
Deferred tax assets			364				404
Operating lease liabilities			248				243
Intangibles			13				16
Undistributed foreign earnings			5				7
Deferred tax liabilities			266				266
Net deferred tax assets		$	98			$	138

Summary of Valuation Allowances

The following summarizes the activity related to valuation allowances for deferred tax assets:

(In millions)		2024				2023				2022
Beginning balance		$	244			$	266			$	93
Additions, charged to expense			5				—				184
Reductions			(22	)			(22	)			(11	)
Ending balance		$	227			$	244			$	266

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to unrecognized tax benefits:

(In millions)		2024				2023				2022
Beginning balance		$	16			$	10			$	13
Increase (decrease) related to prior year tax positions			(4	)			6				(3	)
Ending balance		$	12			$	16			$	10

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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