Restructuring (Tables)

4 Months Ended

Apr. 19, 2025

Restructuring and Related Activities [Abstract]

The Company has recorded all restructuring and related expenses as a component of selling, general and administrative expenses in the condensed consolidated statement of operations, with the exception of inventory related expenses that are recorded as a component of cost of sales on the condensed consolidated statement of operations. No inventory related expenses were incurred during the first quarter of fiscal 2025 related to restructuring and related activities. No restructuring and related activities were incurred during the first quarter of fiscal 2024.


	Sixteen Weeks Ended
2024 Restructuring Plan Expenses:	April 19, 2025


Selling, general and administrative expenses:
Impairment and write-down of long-lived assets	$	41
Severance and other personnel expenses	15
Other location closure related expenses (1)	49

2024 Restructuring Plan Expenses	$	105

Other Restructuring Plan Expenses:
Selling, general and administrative expenses:
Distribution network optimization	$	3
Impairment and write-down of long-lived assets	4
Worldpac post transaction-related expenses	3
Other restructuring expenses (2)	3
Other Restructuring Plan Expenses	$	13

(1) Other location closure related activity includes $30 million of nonrecurring services rendered by third-party vendors assisting with the 2024 Restructuring Plan, $7 million related to incremental reserves on loan guarantees and the remaining other related expenses are associated with closures, including the transfer of assets.

(2) Other restructuring expenses primarily consists of severance and other personnel expenses.

Change in Restructuring Liability

The following table shows the change in the restructuring liability in the period, which excludes operating lease liabilities and associated expenses. The restructuring liabilities are classified within accounts payable, accrued liabilities and other current liabilities in the condensed consolidated balance sheets.


	Professional service fees		Severance and other personnel expenses
Balance at December 28, 2024	$	23	$	14
Restructuring expenses during the period	30		19
Cash payments	(50)		(30)
Balance at April 19, 2025	$	3	$	3