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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Sep. 30, 2023
Sep. 24, 2022
Income Statement [Abstract]        
Sales $ 2,009 $ 2,172 $ 6,025 $ 6,385
Cost of goods and occupancy costs 1,535 1,686 4,655 4,983
Gross profit 474 486 1,370 1,402
Selling, general and administrative expenses 379 391 1,123 1,164
Asset impairments 3 3 13 8
Merger, restructuring and other operating expenses, net 1 8 2 42
Operating income 91 84 232 188
Other income (expense):        
Interest income 3 1 7 3
Interest expense (5) (1) (15) (10)
Other income, net 3 5 8 9
Income from continuing operations before income taxes 92 89 232 190
Income tax expense 22 22 56 48
Net income from continuing operations 70 67 176 142
Discontinued operations, net of tax       7
Net income $ 70 $ 67 $ 176 $ 149
Basic earnings (loss) per share        
Continuing operations $ 1.83 $ 1.39 $ 4.52 $ 2.92
Discontinued operations   (0.01)   0.14
Net basic earnings (loss) per share 1.83 1.38 4.52 3.06
Diluted earnings (loss) per share        
Continuing operations 1.79 1.36 4.38 2.84
Discontinued operations   (0.01)   0.13
Net diluted earnings (loss) per share $ 1.79 $ 1.35 $ 4.38 $ 2.97