Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 29, 2018

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION (Unaudited)

QUARTERLY FINANCIAL INFORMATION (Unaudited)

Financial information for each quarter in the fiscal years ended December 29, 2018 and December 30, 2017, is set forth below:

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Fiscal Year
Fiscal Year Ended December 29, 2018
Net sales	$	5,823		$	6,158		$	6,153		$	6,041		$	24,175
Cost of goods sold	4,831			5,044			5,045			4,949			19,869
Gross profit	992			1,114			1,108			1,092			4,306
Operating expenses	889			908			929			922			3,648
Other income—net	(3		)	(3		)	(3		)	(4		)	(13		)
Interest expense—net	43			48			42			42			175
Income before income taxes	63			161			140			132			496
Income tax (benefit) provision	(4		)	35			26			32			89
Net income	$	67		$	126		$	114		$	100		$	407
Earnings per share:(1)
Basic	$	0.31		$	0.58		$	0.53		$	0.46		$	1.88
Diluted	$	0.31		$	0.58		$	0.52		$	0.46		$	1.87
Fiscal Year Ended December 30, 2017
Net sales	$	5,788		$	6,159		6,204			$	5,996		$	24,147
Cost of goods sold	4,797			5,105			5,106			4,921			19,929
Gross profit	991			1,054			1,098			1,075			4,218
Operating expenses	915			927			909			879			3,630
Other (income) expense—net	(1		)	1			(1		)	15			14
Interest expense—net	42			41			43			44			170
Income before income taxes	35			85			147			137			404
Income tax provision (benefit)	8			20			51			(119		)	(40		)
Net income	$	27		$	65		$	96		$	256		$	444
Earnings per share:(1)
Basic	$	0.12		$	0.29		$	0.43		$	1.16		$	2.00
Diluted	$	0.12		$	0.29		$	0.42		$	1.15		$	1.97

(1) The quarterly earnings per share information is computed separately for each period. Therefore, the sum of such quarterly per share amounts may differ from the total year.