SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 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
Third Quarter of 2023
Sales (external)	$	996	$	1,000	$	11	$	2		$	—		$	2,009
Sales (internal)		4		10		1,320		—			(1,334	)		—
Total sales	$	1,000	$	1,010	$	1,331	$	2		$	(1,334	)	$	2,009
Division operating income (loss)	$	56	$	66	$	10	$	(17	)	$	—		$	115
Year-to-Date 2023
Sales (external)	$	3,001	$	2,991	$	28	$	5		$	—		$	6,025
Sales (internal)		11		27		4,044		—			(4,082	)		—
Total sales	$	3,012	$	3,018	$	4,072	$	5		$	(4,082	)	$	6,025
Division operating income (loss)	$	140	$	186	$	31	$	(48	)	$	—		$	309
Third Quarter of 2022
Sales (external)	$	1,030	$	1,133	$	7	$	2		$	—		$	2,172
Sales (internal)		5		10		1,477		—			(1,492	)		—
Total sales	$	1,035	$	1,143	$	1,484	$	2		$	(1,492	)	$	2,172
Division operating income (loss)	$	48	$	83	$	9	$	(17	)	$	—		$	123
Year-to-Date 2022
Sales (external)	$	3,004	$	3,358	$	18	$	5		$	—		$	6,385
Sales (internal)		15		25		4,415		—			(4,455	)		—
Total sales	$	3,019	$	3,383	$	4,433	$	5		$	(4,455	)	$	6,385
Division operating income (loss)	$	103	$	228	$	25	$	(48	)	$	—		$	308

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:

	Third Quarter						Year-to-Date
(In millions)	2023			2022			2023			2022
Total Divisions operating income	$	115		$	123		$	309		$	308
Add/(subtract):
Asset impairments		(3	)		(3	)		(13	)		(8	)
Merger, restructuring and other operating expenses, net		(1	)		(8	)		(2	)		(42	)
Unallocated expenses		(20	)		(28	)		(62	)		(70	)
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

Summary of Disaggregated Revenue from Major Sales Categories

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

	Third Quarter				Year-to-Date
(In millions)	2023		2022		2023		2022
Major sales categories
Supplies	$	1,013	$	1,080	$	3,012	$	3,106
Technology		531		597		1,674		1,871
Furniture and other		297		336		846		948
Copy and print		168		159		493		460
Total	$	2,009	$	2,172	$	6,025	$	6,385

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 September 30, 2023
ODP Business Solutions Division	$	142	$	4	$	146
Office Depot Division		219		—		219
Veyer Division		35		—		35
Varis Division		68		—		68
Total	$	464	$	4	$	468