SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 26, 2022

Segment Reporting [Abstract]

Summary of Significant Accounts and Balances by Each Divisions and Other

The following is a summary of sales and operating income (loss) by each of the Divisions and Other, reconciled to consolidated totals.

	Sales
	First Quarter
(In millions)	2022		2021
Business Solutions Division	$	1,231	$	1,127
Retail Division		943		1,039
Other		4		8
Total	$	2,178	$	2,174

	Division Operating Income (Loss)
	First Quarter
(In millions)	2022			2021
Business Solutions Division	$	33		$	17
Retail Division		89			100
Other		(14	)		(2	)
Total	$	108		$	115

Reconciliation of Measure of Division Operating Income to Consolidated Income (Loss) from Continuing Operations Before Income Taxes

A reconciliation of the measure of Division operating income to Consolidated income from continuing operations before income taxes is as follows:

	First Quarter
(In millions)	2022			2021
Total Divisions operating income	$	108		$	115
Add/(subtract):
Asset impairments		(2	)		(12	)
Merger, restructuring and other operating expenses, net		(10	)		(13	)
Unallocated expenses		(20	)		(21	)
Interest income		1			—
Interest expense		(5	)		(7	)
Other income, net		2			11
Income from continuing operations before income taxes	$	74		$	73

Schedule of Goodwill by Segment

The components of goodwill by segment are provided in the following table:

	Business Solutions		Retail
(In millions)	Division		Division		Other		Total
Balance as of December 25, 2021	$	318	$	78	$	68	$	464
Balance as of March 26, 2022	$	318	$	78	$	68	$	464