SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 29, 2018

Accounting Standards Update 2014-09

Impacts of Adoption of New Standard on Company's Statement of Operations and Balance Sheet

The following tables summarize the impact of adopting the new standard on the Company’s Consolidated Statement of Operations in 2018 and Consolidated Balance Sheet as of December 29, 2018. Adoption of the new standard had no impact to the cash flows from operating, financing, or investing activities in the Company’s Consolidated Statements of Cash Flows.

	2018
(In millions)	As reported		As if the previous accounting guidance was in effect
Sales:
Products	$	9,322	$	9,318
Services		1,693		1,750
Total sales		11,015		11,068
Cost of goods sold and occupancy costs:
Products		7,313		7,311
Services		1,151		1,208
Total cost of goods sold and occupancy costs		8,464		8,519
Gross profit		2,551		2,549
Net income		104		103
Diluted earnings per share	$	0.19	$	0.18

	December 29, 2018
(In millions)	As reported		As if the previous accounting guidance was in effect
Receivables, net	$	885	$	888
Prepaid expenses and other current assets		75		68
Deferred income taxes		284		282
Accrued expenses and other current liabilities		978		973
Stockholders’ equity		2,126		2,126