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EARNINGS (LOSS) PER SHARE (Tables) | 9 Months Ended
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Sep. 27, 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:
|  | Third Quarter |  |  | Year-to-Date |
(In millions, except per share amounts) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Basic Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | 23 |  |  | $ | 68 |  |  | $ | (6 | ) |  | $ | 95 |
Loss from discontinued operations, net of tax |  |  | — |  |  |  | (10 | ) |  |  | — |  |  |  | (95 | )
Net income (loss) |  | $ | 23 |  |  | $ | 58 |  |  | $ | (6 | ) |  | $ | — |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 30 |  |  |  | 33 |  |  |  | 30 |  |  |  | 35 |
Basic earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.75 |  |  | $ | 2.06 |  |  | $ | (0.21 | ) |  | $ | 2.72 |
Discontinued operations |  |  | — |  |  |  | (0.31 | ) |  |  | — |  |  |  | (2.71 | )
Net basic earnings (loss) per share |  | $ | 0.75 |  |  | $ | 1.75 |  |  | $ | (0.21 | ) |  | $ | 0.01 |
Diluted Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | 23 |  |  | $ | 68 |  |  | $ | (6 | ) |  | $ | 95 |
Loss from discontinued operations, net of tax |  |  | — |  |  |  | (10 | ) |  |  | — |  |  |  | (95 | )
Net income (loss) |  | $ | 23 |  |  | $ | 58 |  |  | $ | (6 | ) |  | $ | — |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 30 |  |  |  | 33 |  |  |  | 30 |  |  |  | 35 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Stock options and restricted stock |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |
Diluted weighted-average shares outstanding |  |  | 31 |  |  |  | 33 |  |  |  | 30 |  |  |  | 36 |
Diluted earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.72 |  |  | $ | 2.04 |  |  | $ | (0.21 | ) |  | $ | 2.65 |
Discontinued operations |  |  | — |  |  |  | (0.31 | ) |  |  | — |  |  |  | (2.64 | )
Net diluted earnings (loss) per share |  | $ | 0.72 |  |  | $ | 1.73 |  |  | $ | (0.21 | ) |  | $ | 0.01 |

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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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