MERGER, RESTRUCTURING AND OTHER ACTIVITY (Tables)

6 Months Ended

Jun. 26, 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.

	Second Quarter					First Half
(In millions)	2021			2020		2021			2020
Merger and transaction related expenses
Transaction and integration	$	—		$	7		1			14
Total Merger and transaction related expenses		—			7		1			14
Restructuring expenses
Severance		(7	)		42		(6	)		42
Professional fees		—			5		1			11
Facility closure, contract termination, and other expenses, net		—			11		9			14
Total Restructuring expenses, net		(7	)		58		4			67
Other operating expenses
Professional fees		14			—		16			—
Total Other operating expenses		14			—		16			—
Total Merger, restructuring and other operating expenses, net	$	7		$	65	$	21		$	81

Facility Closure and Severance Costs

The activity in the merger, restructuring and other accruals in the first half 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 (credits)			Cash			June 26,
(In millions)	2020		Incurred			Payments			2021
Termination benefits:
Maximize B2B Restructuring Plan		30		(1	)		(5	)		24
Business Acceleration Program		8		(5	)		(3	)		—
Lease and contract obligations, accruals for facilities    closures and other costs:
Merger-related accruals		1		—			—			1
Maximize B2B Restructuring Plan		10		6			(9	)		7
Business Acceleration Program		1		—			(1	)		—
Comprehensive Business Review		2		—			—			2
CompuCom strategic alternatives review		—		2			(1	)		1
USR Parent, Inc. proposals		—		3			(3	)		—
Planned separation of consumer business		—		11			—			11
Total	$	52	$	16		$	(22	)	$	46