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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Sep. 24, 2022
Sep. 25, 2021
Income Statement [Abstract]        
Sales $ 2,172 $ 2,179 $ 6,385 $ 6,423
Cost of goods and occupancy costs 1,686 1,675 4,983 4,992
Gross profit 486 504 1,402 1,431
Selling, general and administrative expenses 391 382 1,164 1,173
Asset impairments 3 5 8 18
Merger, restructuring and other operating expenses, net 8 13 42 37
Operating income 84 104 188 203
Other income (expense):        
Interest income 1   3  
Interest expense (1) (7) (10) (20)
Other income, net 5 3 9 19
Income from continuing operations before income taxes 89 100 190 202
Income tax expense 22 27 48 47
Net income from continuing operations 67 73 142 155
Discontinued operations, net of tax   28 7 (89)
Net income $ 67 $ 101 $ 149 $ 66
Basic earnings (loss) per share        
Continuing operations $ 1.39 $ 1.38 $ 2.92 $ 2.89
Discontinued operations (0.01) 0.54 0.14 (1.65)
Net basic earnings per share 1.38 1.92 3.06 1.24
Diluted earnings (loss) per share        
Continuing operations 1.36 1.33 2.84 2.79
Discontinued operations (0.01) 0.52 0.13 (1.60)
Net diluted earnings per share $ 1.35 $ 1.85 $ 2.97 $ 1.19