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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Jun. 25, 2022
Jun. 26, 2021
Income Statement [Abstract]        
Sales $ 2,034 $ 2,070 $ 4,212 $ 4,244
Cost of goods and occupancy costs 1,603 1,638 3,296 3,317
Gross profit 431 432 916 927
Selling, general and administrative expenses 377 390 773 792
Asset impairments 3 1 5 13
Merger, restructuring and other operating expenses, net 23 11 34 23
Operating income 28 30 104 99
Other income (expense):        
Interest income 1   2  
Interest expense (4) (6) (9) (14)
Other income, net 3 5 5 17
Income from continuing operations before income taxes 28 29 102 102
Income tax expense 8 9 27 20
Net income from continuing operations 20 20 75 82
Discontinued operations, net of tax 7 (108) 7 (117)
Net income (loss) $ 27 $ (88) $ 82 $ (35)
Basic earnings (loss) per share        
Continuing operations $ 0.40 $ 0.36 $ 1.54 $ 1.53
Discontinued operations 0.15 (1.98) 0.14 (2.18)
Net basic earnings per share 0.55 (1.62) 1.68 (0.65)
Diluted earnings (loss) per share        
Continuing operations 0.39 0.35 1.49 1.47
Discontinued operations 0.15 (1.93) 0.14 (2.10)
Net diluted earnings per share $ 0.54 $ (1.58) $ 1.63 $ (0.63)