In millions, except per share amounts)	First Quarter			Second Quarter			Third Quarter		Fourth Quarter
Fiscal Year Ended December 27, 2014*
Net sales	$	4,354		$	3,841		$	4,069	$	3,832
Gross profit		1,015			883			987		891
Net income (loss)⁽¹⁾		(108	)		(189	)		29		(84	)
Net income (loss) attributable to Office Depot, Inc.⁽¹⁾		(109	)		(190	)		29		(84	)
Net income (loss) available to common stockholders⁽¹⁾		(109	)		(190	)		29		(84	)
Net earnings (loss) per share:
Basic	$	(0.21	)	$	(0.36	)	$	0.05	$	(0.15	)
Diluted	$	(0.21	)	$	(0.36	)	$	0.05	$	(0.15	)

*	Due to rounding, the sum of the quarterly earnings amounts may not equal the reported amounts for the year.

⁽¹⁾

In the first, second, third and fourth quarters of 2014, captions include pre-tax Merger, restructuring, and other operating expenses, net amounting to $101 million, $103 million, $72 million and $128 million, respectively and asset impairments of $50 million, $22 million, $6 million and $11 million, respectively. The second and third quarters of 2014 include $80 million and $1 million associated to Legal accrual, respectively.


(In millions, except per share amounts)	First Quarter			Second Quarter			Third Quarter⁽²⁾		Fourth Quarter⁽³⁾
Fiscal Year Ended December 28, 2013*
Net sales	$	2,718		$	2,419		$	2,619	$	3,486
Gross profit		660			546			633		787
Net income (loss)⁽¹⁾		(7	)		(54	)		161		(121	)
Net income (loss) attributable to Office Depot, Inc.⁽¹⁾		(7	)		(54	)		161		(121	)
Net income (loss) available to common stockholders⁽¹⁾		(17	)		(64	)		133		(144	)
Net earnings (loss) per share:
Basic	$	(0.06	)	$	(0.23	)	$	0.42	$	(0.34	)
Diluted	$	(0.06	)	$	(0.23	)	$	0.41	$	(0.34	)

*	Due to rounding, the sum of the quarterly earnings amounts may not equal the reported amounts for the year.

⁽¹⁾

In the first, second, third and fourth quarters of 2013, captions include pre-tax Merger, restructuring, and other operating expenses amounting to $19 million, $26 million, $44 million and $111 million, respectively and asset impairments of $5 million, $4 million, $49 million and $12 million, respectively.

⁽²⁾	Net income available to common stockholders includes an after-tax gain of approximately $235 million resulting from the sale of Office Depot de Mexico and preferred stock dividends of $22 million associated to redemption in July 2013.

⁽³⁾	Net income available to common stockholders includes (i) impact of the Merger of $939 million in Sales and $(39) million in Net income (loss); and (ii) preferred stock dividends of $23 million associated to redemption in November 2013.