XML 64 R45.htm IDEA: XBRL DOCUMENT v3.25.0.1
DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 28, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Major Component of Discontinued Operations, Net of Tax and Major Classes of Assets and Liabilities of Disposal Group Classified as Held for Sale

The following table represents a reconciliation of the major components of Discontinued operations, net of tax presented in the Consolidated Statements of Operations. The activity in 2024 and 2023 relates to the Company’s Varis Division. The activity in 2022 relates to the Varis Division, as well as the CompuCom Division, as described above.

 

(In millions)

 

2024

 

 

2023

 

 

2022

 

Major components of discontinued operations before income taxes:

 

 

 

 

 

 

 

 

 

Sales

 

$

5

 

 

$

8

 

 

$

7

 

Cost of goods and occupancy costs

 

 

—

 

 

 

2

 

 

 

4

 

Gross profit

 

 

5

 

 

 

6

 

 

 

3

 

Selling, general and administrative expenses

 

 

35

 

 

 

67

 

 

 

66

 

Asset impairments

 

 

—

 

 

 

68

 

 

 

—

 

Merger, restructuring and other operating expenses, net

 

 

8

 

 

 

—

 

 

 

—

 

Operating loss

 

 

(38

)

 

 

(129

)

 

 

(63

)

Other income (expense), net

 

 

—

 

 

 

—

 

 

 

—

 

Loss from major components of discontinued operations before income taxes

 

 

(38

)

 

 

(129

)

 

 

(63

)

Loss on disposal of discontinued operations

 

 

(92

)

 

 

—

 

 

 

(13

)

Loss from discontinued operations before income taxes

 

 

(130

)

 

 

(129

)

 

 

(76

)

Income tax benefit

 

 

(21

)

 

 

(21

)

 

 

(16

)

Discontinued operations, net of tax

 

$

(109

)

 

$

(108

)

 

$

(60

)

 

 

 

December 30,

 

(In millions)

 

2023

 

Major classes of assets included in discontinued operations:

 

 

 

Cash and cash equivalents

 

$

10

 

Receivables, net

 

 

2

 

Property and equipment, net

 

 

62

 

Total assets of the disposal group classified as held for sale

 

$

74

 

Major classes of liabilities included in discontinued operations:

 

 

 

Accrued expenses and other current liabilities

 

 

8

 

Deferred income taxes and other long-term liabilities

 

 

4

 

Total liabilities of the disposal group classified as held for sale

 

$

12