SEGMENT INFORMATION (Tables)

3 Months Ended

Apr. 01, 2023

Segment Reporting [Abstract]

Summary of Sales and Operating Income (Loss) by Each of the Divisions, Reconciled to Consolidated Totals

The following is a summary of sales and operating income (loss) by each of the Divisions, reconciled to consolidated totals:

(In millions)	ODP Business Solutions Division		Office Depot Division		Veyer Division		Varis Division			Eliminations			Total
First Quarter of 2023
Sales (external)	$	1,005	$	1,094	$	7	$	2		$	-		$	2,108
Sales (internal)		4		9		1,412		-			(1,425	)	$	-
Total sales	$	1,009	$	1,103	$	1,419	$	2		$	(1,425	)	$	2,108
Division operating income (loss)	$	39	$	85	$	15	$	(17	)	$	-		$	122
First Quarter of 2022
Sales (external)	$	978	$	1,194	$	4	$	2		$	-		$	2,178
Sales (internal)		6		7		1,529		-			(1,542	)		-
Total sales	$	984	$	1,201	$	1,533	$	2		$	(1,542	)	$	2,178
Division operating income (loss)	$	19	$	96	$	8	$	(15	)	$	-		$	108

Reconciliation of Measure of Division Operating Income to Consolidated Income (Loss) from Continuing Operations Before Income Taxes

The reconciliation of the measure of Division operating income to Consolidated income from continuing operations before income taxes is as follows:

	First Quarter
(In millions)	2023			2022
Total Divisions operating income	$	122		$	108
Add/(subtract):
Asset impairments		(4	)		(2	)
Merger, restructuring and other operating expenses, net		-			(10	)
Unallocated expenses		(23	)		(20	)
Interest income		2			1
Interest expense		(5	)		(5	)
Other income, net		2			2
Income from continuing operations before income taxes	$	94		$	74

Summary of Disaggregated Revenue from Major Sales Categories

The following table provides information about disaggregated sales by major categories:

	First Quarter
(In millions)	2023		2022
Major sales categories
Supplies	$	1,052	$	1,049
Technology		616		672
Furniture and other		278		311
Copy and print		162		146
Total	$	2,108	$	2,178

Schedule of Goodwill by Segment

The components of goodwill by segment are as follows:

(In millions)	Balance as of December 31, 2022		Acquisitions		Balance as of April 1, 2023
ODP Business Solutions Division	$	142	$	3	$	145
Office Depot Division		219		-		219
Veyer Division		35		-		35
Varis Division		68		-		68
Total	$	464	$	3	$	467