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EARNINGS (LOSS) PER SHARE (Tables) | 3 Months Ended
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Mar. 29, 2025
Earnings Per Share [Abstract] |
Calculation of Earnings and Loss Per Common Share | The following table represents the calculation of earnings and loss per common share – basic and diluted:
|  | First Quarter |
(In millions, except per share amounts) |  | 2025 |  |  | 2024 |
Basic Earnings (Loss) Per Share |  |  |  |  |  |
Numerator: |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | (29 | ) |  | $ | 31 |
Loss from discontinued operations, net of tax |  |  | — |  |  |  | (16 | )
Net income (loss) |  | $ | (29 | ) |  | $ | 15 |
Denominator: |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 30 |  |  |  | 37 |
Basic earnings (loss) per share |  |  |  |  |  |
Continuing operations |  | $ | (0.97 | ) |  | $ | 0.86 |
Discontinued operations |  |  | — |  |  |  | (0.44 | )
Net basic earnings (loss) per share |  | $ | (0.97 | ) |  | $ | 0.42 |
Diluted Earnings (Loss) Per Share |  |  |  |  |  |
Numerator: |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | (29 | ) |  | $ | 31 |
Loss from discontinued operations, net of tax |  |  | — |  |  |  | (16 | )
Net income (loss) |  | $ | (29 | ) |  | $ | 15 |
Denominator: |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 30 |  |  |  | 37 |
Effect of dilutive securities: |  |  |  |  |  |
Stock options and restricted stock |  |  | — |  |  |  | 1 |
Diluted weighted-average shares outstanding |  |  | 30 |  |  |  | 38 |
Diluted earnings (loss) per share |  |  |  |  |  |
Continuing operations |  | $ | (0.97 | ) |  | $ | 0.83 |
Discontinued operations |  |  | — |  |  |  | (0.43 | )
Net diluted earnings (loss) per share |  | $ | (0.97 | ) |  | $ | 0.40 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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