MERGER AND RESTRUCTURING ACTIVITY (Tables)

12 Months Ended

Dec. 28, 2019

Summary of Major Components of Merger and Restructuring Expenses, Net

The table below summarizes the major components of Merger and restructuring expenses, net.

(In millions)	2019		2018		2017
Merger and transaction related expenses
Severance and retention	$	1	$	11	$	—
Transaction and integration		23		35		37
Facility closure, contract termination and other expenses, net		—		10		5
Total Merger and transaction related expenses		24		56		42
Restructuring expenses
Severance		40		—		28
Professional fees		41		11		6
Facility closure, contract termination, and other expenses, net		11		5		18
Total Restructuring expenses		92		16		52
Total Merger and restructuring expenses, net	$	116	$	72	$	94

Facility Closure and Severance Costs

The activity in the merger and restructuring accruals in 2019 and 2018 is presented in the table below. Certain merger and restructuring charges are excluded from the table because they are paid as incurred or non-cash, such as accelerated depreciation and gains and losses on asset dispositions.

(In millions)	Beginning Balance		Charges Incurred		Cash Payments			Adjustments (a)			Ending Balance
2019
Termination benefits:
Merger-related accruals	$	3	$	2	$	(4	)	$	—		$	1
Comprehensive Business Review		—		—		—			—			—
Business Acceleration Program		—		40		(27	)		—			13
Lease and contract obligations, accruals for facilities closures and other costs:
Merger-related accruals		10		—		—			(10	)		—
Comprehensive Business Review		5		6		(5	)		(3	)		3
Business Acceleration Program		—		42		(37	)		—			5
Total	$	18	$	90	$	(73	)	$	(13	)	$	22
2018
Termination benefits:
Merger-related accruals	$	1	$	9	$	(7	)	$	—		$	3
Comprehensive Business Review		4		—		(4	)		—			—
Lease and contract obligations, accruals for facilities closures and other costs:
Merger-related accruals		18		5		(13	)		—			10
Comprehensive Business Review		9		6		(10	)		—			5
Total	$	32	$	20	$	(34	)	$	—		$	18

(a)	Represents reclassification of operating lease obligations associated with facility closures to Operating lease ROU assets in the Consolidated Balance Sheet in accordance with the new lease accounting standard.