SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 25, 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
	Second Quarter				First Half
(In millions)	2022		2021		2022		2021
Business Solutions Division	$	1,215	$	1,146	$	2,445	$	2,274
Retail Division		811		914		1,754		1,953
Other		8		10		13		17
Total	$	2,034	$	2,070	$	4,212	$	4,244

	Division Operating Income (Loss)
	Second Quarter						First Half
(In millions)	2022			2021			2022			2021
Business Solutions Division	$	45		$	31		$	78		$	48
Retail Division		46			44			136			145
Other		(15	)		(6	)		(29	)		(9	)
Total	$	76		$	69		$	185		$	184

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:

	Second Quarter						First Half
(In millions)	2022			2021			2022			2021
Total Divisions operating income	$	76		$	69		$	185		$	184
Add/(subtract):
Asset impairments		(3	)		(1	)		(5	)		(13	)
Merger, restructuring and other operating expenses, net		(23	)		(11	)		(34	)		(23	)
Unallocated expenses		(22	)		(27	)		(42	)		(49	)
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

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 June 25, 2022	$	318	$	78	$	68	$	464