SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 26, 2015

Previously Reported Amounts Reclassified to Conform with Current Year Presentation in Consolidated Balance Sheet

Amounts reported in the Consolidated Balance Sheet as of December 27, 2014 have been reclassified to conform with current year presentation, as follows.

(In millions)	Previously Reported		Changes			As Reported
Assets:
Prepaid expenses and other current assets	$	245	$	(87	)	$	158
Deferred income taxes — noncurrent		32		4			36
Other assets		242		(4	)		238
Total assets		6,844		(87	)		6,757
Liabilities:
Accrued expenses and other current liabilities		1,517		(3	)		1,514
Deferred income taxes and other long-term liabilities		621		(80	)		541
Long term debt, net of current maturities		674		(4	)		670
Total liabilities		5,223		(87	)		5,136