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
Second Quarter of 2023
Sales (external)	$	999	$	897	$	10	$	2		$	-		$	1,908
Sales (internal)		3		8		1,312		-			(1,323	)		-
Total sales	$	1,002	$	905	$	1,322	$	2		$	(1,323	)	$	1,908
Division operating income (loss)	$	45	$	35	$	6	$	(14	)	$	-		$	72
First Half of 2023
Sales (external)	$	2,004	$	1,991	$	17	$	4		$	-		$	4,016
Sales (internal)		7		17		2,725		-			(2,749	)		-
Total sales	$	2,011	$	2,008	$	2,742	$	4		$	(2,749	)	$	4,016
Division operating income (loss)	$	84	$	120	$	21	$	(31	)	$	-		$	194
Second Quarter of 2022
Sales (external)	$	995	$	1,031	$	7	$	1		$	-		$	2,034
Sales (internal)		5		8		1,409		-			(1,422	)		-
Total sales	$	1,000	$	1,039	$	1,416	$	1		$	(1,422	)	$	2,034
Division operating income (loss)	$	36	$	49	$	8	$	(16	)	$	-		$	77
First Half of 2022
Sales (external)	$	1,973	$	2,225	$	10	$	4		$	-		$	4,212
Sales (internal)		11		15		2,937		-			(2,963	)		-
Total sales	$	1,984	$	2,240	$	2,947	$	4		$	(2,963	)	$	4,212
Division operating income (loss)	$	55	$	145	$	16	$	(31	)	$	-		$	185

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:

	Second Quarter						First Half
(In millions)	2023			2022			2023			2022
Total Divisions operating income	$	72		$	77		$	194		$	185
Add/(subtract):
Asset impairments		(6	)		(3	)		(10	)		(5	)
Merger, restructuring and other operating expenses, net		(1	)		(23	)		(1	)		(34	)
Unallocated expenses		(19	)		(23	)		(42	)		(42	)
Interest income		2			1			4			2
Interest expense		(5	)		(4	)		(10	)		(9	)
Other income, net		4			3			6			5
Income from continuing operations before income taxes	$	47		$	28		$	141		$	102

Summary of Disaggregated Revenue from Major Sales Categories

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

	Second Quarter				First Half
(In millions)	2023		2022		2023		2022
Major sales categories
Supplies	$	947	$	976	$	1,999	$	2,026
Technology		527		601		1,143		1,273
Furniture and other		271		301		549		612
Copy and print		163		156		325		301
Total	$	1,908	$	2,034	$	4,016	$	4,212

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 July 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