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DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Dec. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Major Component of Discontinued Operations, Net of Tax and Major Classes of Assets and Liabilities of Disposal Group Classified as Held for Sale

The following table represents a reconciliation of the major components of Discontinued operations, net of tax presented in the Consolidated Statements of Operations.

 

(In millions)

 

2023

 

 

2022

 

 

2021

 

Major components of discontinued operations before income taxes:

 

 

 

 

 

 

 

 

 

Sales

 

$

 

 

$

 

 

$

802

 

Cost of goods and occupancy costs

 

 

 

 

 

 

 

 

645

 

Gross profit

 

 

 

 

 

 

 

 

157

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

152

 

Asset impairments

 

 

 

 

 

 

 

 

252

 

Merger, restructuring and other operating expenses, net

 

 

 

 

 

 

 

 

(2

)

Operating loss

 

 

 

 

 

 

 

 

(245

)

Other income (expense), net

 

 

 

 

 

 

 

 

(1

)

Loss from major components of discontinued operations before income taxes

 

 

 

 

 

 

 

 

(246

)

Loss from classification to held for sale

 

 

 

 

 

(13

)

 

 

(170

)

Loss from discontinued operations before income taxes

 

 

 

 

 

(13

)

 

 

(416

)

Income tax benefit

 

 

 

 

 

(1

)

 

 

(21

)

Discontinued operations, net of tax

 

$

 

 

$

(12

)

 

$

(395

)