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REVENUE RECOGNITION (Tables)
6 Months Ended
Jun. 25, 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.

 

 

 

Second Quarter of 2022

 

(In millions)

 

Business Solutions

Division

 

 

Retail

Division

 

 

Other

 

 

Total

 

Major revenue categories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplies

 

$

686

 

 

$

286

 

 

$

4

 

 

$

976

 

Technology

 

 

278

 

 

 

321

 

 

 

2

 

 

 

601

 

Furniture and other

 

 

187

 

 

 

112

 

 

 

2

 

 

 

301

 

Copy and print

 

 

64

 

 

 

92

 

 

 

 

 

 

156

 

Total

 

$

1,215

 

 

$

811

 

 

$

8

 

 

$

2,034

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter of 2021

 

(In millions)

 

Business Solutions

Division

 

 

Retail

Division

 

 

Other

 

 

Total

 

Major revenue categories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplies

 

$

599

 

 

$

304

 

 

$

3

 

 

$

906

 

Technology

 

 

298

 

 

 

397

 

 

 

2

 

 

 

697

 

Furniture and other

 

 

189

 

 

 

126

 

 

 

5

 

 

 

320

 

Copy and print

 

 

60

 

 

 

87

 

 

 

 

 

 

147

 

Total

 

$

1,146

 

 

$

914

 

 

$

10

 

 

$

2,070

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Half of 2022

 

(In millions)

 

Business  Solutions

Division

 

 

Retail

Division

 

 

Other

 

 

Total

 

Major revenue categories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplies

 

$

1,383

 

 

$

637

 

 

$

6

 

 

$

2,026

 

Technology

 

 

565

 

 

 

704

 

 

 

4

 

 

 

1,273

 

Furniture and other

 

 

371

 

 

 

238

 

 

 

3

 

 

 

612

 

Copy and print

 

 

126

 

 

 

175

 

 

 

 

 

 

301

 

Total

 

$

2,445

 

 

$

1,754

 

 

$

13

 

 

$

4,212

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Half of 2021

 

(In millions)

 

Business  Solutions

Division

 

 

Retail

Division

 

 

Other

 

 

Total

 

Major revenue categories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplies

 

$

1,179

 

 

$

671

 

 

$

5

 

 

$

1,855

 

Technology

 

 

608

 

 

 

849

 

 

 

3

 

 

 

1,460

 

Furniture and other

 

 

367

 

 

 

270

 

 

 

9

 

 

 

646

 

Copy and print

 

 

120

 

 

 

163

 

 

 

 

 

 

283

 

Total

 

$

2,274

 

 

$

1,953

 

 

$

17

 

 

$

4,244

 

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:

 

 

 

June 25,

 

 

December 25,

 

(In millions)

 

2022

 

 

2021

 

Trade receivables, net

 

$

413

 

 

$

353

 

Short-term contract assets

 

 

11

 

 

 

16

 

Long-term contract assets

 

 

4

 

 

 

8

 

Short-term contract liabilities

 

 

33

 

 

 

52

 

Long-term contract liabilities

 

 

 

 

 

2