MERGER, RESTRUCTURING AND OTHER ACTIVITY (Tables)

3 Months Ended

Mar. 27, 2021

Merger Restructuring And Other Activity [Abstract]

Summary of Major Components of Merger, Restructuring and Other Operating Expenses, Net

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

	First Quarter
(In millions)	2021		2020
Merger and transaction related expenses
Transaction and integration	$	1	$	7
Total Merger and transaction related expenses		1		7
Restructuring expenses
Severance		1		—
Professional fees		1		6
Facility closure, contract termination, and other expenses, net		9		3
Total Restructuring expenses		11		9
Other operating expenses
Professional fees		2		—
Total Other operating expenses		2		—
Total Merger, restructuring and other operating expenses, net	$	14	$	16

Facility Closure and Severance Costs

The activity in the merger, restructuring and other accruals in the first quarter of 2021 is presented in the table below. Certain merger, restructuring and other 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.

	Balance as of							Balance as of
	December 26,		Charges		Cash			March 27,
(In millions)	2020		Incurred		Payments			2021
Termination benefits:
Maximize B2B Restructuring Plan		30		—		(2	)		28
Business Acceleration Program		8		—		—			8
Lease and contract obligations, accruals for facilities    closures and other costs:
Merger-related accruals		1		—		—			1
Maximize B2B Restructuring Plan		10		5		(3	)		12
Business Acceleration Program		1		—		(1	)		—
Comprehensive Business Review		2		—		—			2
CompuCom strategic alternatives review		—		1		—			1
USR Parent, Inc. proposals		—		1		—			1
Total	$	52	$	7	$	(6	)	$	53