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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Sales:        
Total sales $ 2,539 $ 2,782 $ 7,422 $ 8,139
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs 1,949 2,115 5,787 6,246
Gross profit 590 667 1,635 1,893
Selling, general and administrative expenses 452 532 1,378 1,621
Asset impairments 10 5 423 50
Merger and restructuring expenses, net 26 22 107 105
Operating income (loss) 102 108 (273) 117
Other income (expense):        
Interest income   5 3 16
Interest expense (6) (22) (35) (68)
Loss on extinguishment and modification of debt     (12)  
Other income, net 3 2 7 7
Income (loss) before income taxes 99 93 (310) 72
Income tax expense 42 33 27 28
Net income (loss) $ 57 $ 60 $ (337) $ 44
Earnings (loss) per share        
Basic $ 1.07 $ 1.09 $ (6.40) $ 0.81
Diluted $ 1.04 $ 1.09 $ (6.40) $ 0.79
Product        
Sales:        
Total sales $ 2,209 $ 2,377 $ 6,403 $ 6,921
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs 1,727 1,840 5,086 5,412
Service        
Sales:        
Total sales 330 405 1,019 1,218
Cost of goods and occupancy costs:        
Total cost of goods and occupancy costs $ 222 $ 275 $ 701 $ 834