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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment

The components of goodwill by segment were as follows:

 

(In millions)

 

Balance as of December 30, 2023

 

 

Acquisition

 

 

Foreign Currency Rate Impact

 

 

Balance as of December 28, 2024

 

ODP Business Solutions Division

 

$

149

 

 

$

9

 

 

$

(1

)

 

$

157

 

Office Depot Division

 

 

219

 

 

 

—

 

 

 

—

 

 

 

219

 

Veyer Division

 

 

35

 

 

 

—

 

 

 

—

 

 

 

35

 

Total

 

$

403

 

 

$

9

 

 

$

(1

)

 

$

411

 
Schedule of Amortizing Intangible Assets Net

Definite-lived intangible assets, which are included in Other intangible assets, net in the Consolidated Balance Sheets, are as follows:

 

 

 

Customer Relationships

 

(In millions)

 

December 28, 2024

 

 

December 30, 2023

 

Gross carrying amount

 

$

132

 

 

$

125

 

Accumulated amortization

 

 

(97

)

 

 

(93

)

Net carrying amount

 

$

35

 

 

$

32

 
Estimated Future Amortization Expense for Intangible Assets

Estimated future amortization expense for the intangible assets is as follows:

 

(In millions)

 

 

 

2025

 

$

4

 

2026

 

 

4

 

2027

 

 

4

 

2028

 

 

4

 

2029

 

 

4

 

Thereafter

 

 

15

 

Total

 

$

35