v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
4 Months Ended
Apr. 19, 2025
Apr. 20, 2024
Income Statement [Abstract]    
Net sales $ 2,583 $ 2,772
Cost of sales 1,474 1,568
Gross profit 1,109 1,204
Selling, general and administrative expenses, exclusive of restructuring and related expenses 1,122 1,151
Restructuring and related expenses 118 0
Selling, general and administrative expenses 1,240 1,151
Operating (loss) income (131) 53
Other, net:    
Interest expense (27) (25)
Other income, net 27 1
Total other, net 0 (24)
(Loss) income before income taxes (131) 29
Income tax (benefit) expense (155) 12
Net income from continuing operations 24 17
Net income from discontinued operations 0 23
Net income $ 24 $ 40
Basic earnings per common share from continuing operations (in usd per share) $ 0.40 $ 0.29
Basic earnings per common share from discontinued operations (in usd per share) 0 0.38
Basic earnings per common share (in usd per share) $ 0.40 $ 0.67
Basic weighted-average common shares (in shares) 59.8 59.6
Diluted earnings per common share from continuing operations (in usd per share) $ 0.40 $ 0.29
Diluted earnings per common share from discontinued operations (in usd per share) 0 0.38
Diluted earnings per common share (in usd per share) $ 0.40 $ 0.67
Diluted weighted-average common shares outstanding (in shares) 60.2 59.8