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REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 26, 2022
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregated Revenue from Continuing Operations by Division, Major Product and Service Categories

The following table provides information about disaggregated revenue from continuing operations by Division, and major revenue categories.

 

 

 

First Quarter of 2022

 

(In millions)

 

Business Solution

Division

 

 

Retail

Division

 

 

Other

 

 

Total

 

Major revenue categories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplies

 

$

697

 

 

$

351

 

 

$

1

 

 

$

1,049

 

Technology

 

 

287

 

 

 

383

 

 

 

2

 

 

 

672

 

Furniture and other

 

 

184

 

 

 

126

 

 

 

1

 

 

 

311

 

Copy and print

 

 

63

 

 

 

83

 

 

 

 

 

 

146

 

Total

 

$

1,231

 

 

$

943

 

 

$

4

 

 

$

2,178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter of 2021

 

(In millions)

 

Business Solution

Division

 

 

Retail

Division

 

 

Other

 

 

Total

 

Major revenue categories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplies

 

$

581

 

 

$

366

 

 

$

2

 

 

$

949

 

Technology

 

 

310

 

 

 

452

 

 

 

1

 

 

 

763

 

Furniture and other

 

 

177

 

 

 

144

 

 

 

5

 

 

 

326

 

Copy and print

 

 

59

 

 

 

77

 

 

 

 

 

 

136

 

Total

 

$

1,127

 

 

$

1,039

 

 

$

8

 

 

$

2,174

 

Summary of Receivables, Contract Assets and Contract Liabilities from Contracts with Customers

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers:

 

 

 

March 26,

 

 

December 25,

 

(In millions)

 

2022

 

 

2021

 

Trade receivables, net

 

$

399

 

 

$

353

 

Short-term contract assets

 

 

14

 

 

 

16

 

Long-term contract assets

 

 

5

 

 

 

8

 

Short-term contract liabilities

 

 

39

 

 

 

52

 

Long-term contract liabilities

 

 

 

 

 

2