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DIVESTITURE (Tables)
6 Months Ended
Jun. 25, 2017
Operating Results of Discontinued Operations and Information of IS and GS Included in Consolidated Statements of Cash Flows

The operating results of the IS&GS business that have been reflected within net earnings from discontinued operations are as follows (in millions):

 

    Quarter Ended     Six Months Ended  
    

June 26,

2016

   

June 26,

2016

 

Net sales

    $        1,337                    $        2,671               

Cost of sales

    (1,143)                   (2,318)              

Severance charges

    —                    (19)              

Gross profit

    194                    334               

Other expense, net

    (3)                   (4)              

Operating profit

    191                    330               

Interest expense

    (1)                   —               

Earnings from discontinued operations before income taxes

    190                    330               

Income tax expense

    (68)                   (116)              

Net earnings from discontinued operations

    $           122                    $           214