INCOME TAXES (Tables)

12 Months Ended

Dec. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income from Continuing Operations Before Income Taxes

The components of income from continuing operations before income taxes consisted of the following:

(In millions)	2023		2022		2021
United States	$	176	$	226	$	173
Foreign		24		16		58
Total income from continuing operations before  income taxes	$	200	$	242	$	231

Schedule Income Tax Expense Related to Income From Continuing Operations

The income tax expense related to income from continuing operations consisted of the following:

(In millions)	2023			2022			2021
Current:
Federal	$	11		$	26		$	14
State		(3	)		(4	)		8
Foreign		10			7			5
Deferred:
Federal		34			27			13
State		7			10			2
Foreign		2			(2	)		2
Total income tax expense	$	61		$	64		$	44

Reconciliation of Income Taxes at The Federal Statutory Rate to The Provision for Income Taxes

The following is a reconciliation of income taxes at the U.S. Federal statutory rate to the provision for income taxes:

(In millions)	2023			2022			2021
Federal tax computed at the statutory rate	$	42		$	51		$	48
State taxes, net of federal benefit		12			11			10
Foreign income taxed at rates other than federal		3			2			(5	)
Decrease in valuation allowance		—			—			(3	)
Non-deductible goodwill impairments		14			—			—
Other non-deductible expenses and settlements		4			4			5
FIN 48 adjustments		4			(2	)		—
Non-taxable income and additional deductible expenses		(2	)		(1	)		(3	)
Impact of stock compensation windfall		(5	)		(3	)		(6	)
State NOL expirations (additions)		(1	)		2			—
Tax credits		(12	)		—			—
Reduction of capital loss carryback		3			—			—
Other items, net		(1	)		—			(2	)
Income tax expense	$	61		$	64		$	44

Schedule of Components Deferred Income Tax Assets and Liabilities

The components of deferred income tax assets and liabilities consisted of the following:

	December 30,			December 31,
(In millions)	2023			2022
U.S. and foreign loss carryforwards	$	272		$	277
Operating lease right-of-use assets		259			262
Pension and other accrued compensation		19			35
Accruals for facility closings		1			2
Inventory		10			10
Self-insurance accruals		12			13
Deferred revenue		7			9
U.S. and foreign income tax credit carryforwards		6			38
Allowance for bad debts		5			4
Accrued expenses		13			14
Basis difference in fixed assets		44			43
Internally developed software		—			1
Gross deferred tax assets		648			708
Valuation allowance		(244	)		(266	)
Deferred tax assets		404			442
Internally developed software		2			—
Operating lease liabilities		243			244
Intangibles		16			12
Undistributed foreign earnings		7			5
Deferred tax liabilities		268			261
Net deferred tax assets	$	136		$	181

Summary of Valuation Allowances

The following summarizes the activity related to valuation allowances for deferred tax assets:

(In millions)	2023			2022			2021
Beginning balance	$	266		$	93		$	99
Additions, charged to expense		—			184			—
Reductions		(22	)		(11	)		(6	)
Ending balance	$	244		$	266		$	93

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to unrecognized tax benefits:

(In millions)	2023		2022			2021
Beginning balance	$	10	$	13		$	13
Increase (decrease) related to prior year tax positions		6		(3	)		—
Ending balance	$	16	$	10		$	13