Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 28, 2019

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION (Unaudited)

QUARTERLY FINANCIAL INFORMATION (Unaudited)

Financial information for each quarter in the fiscal years ended December 28, 2019 and December 29, 2018, is set forth below:

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Fiscal Year
Fiscal Year Ended December 28, 2019
Net sales	$	6,031		$	6,443		$	6,531		$	6,934		$	25,939
Cost of goods sold	4,979			5,301			5,375			5,697			21,352
Gross profit	1,052			1,142			1,156			1,237			4,587
Operating expenses	921			948			968			1,051			3,888
Other (income) expense—net	(2		)	(2		)	1			7			4
Interest expense—net	42			42			43			57			184
Income before income taxes	91			154			144			122			511
Income tax provision	20			38			39			29			126
Income from continuing operations	71			116			105			93			385
Income (loss) from discontinued operations—net of tax	—			—			1			(1		)	—
Net income	$	71		$	116		$	106		$	92		$	385
Net income per share—basic:
Continuing operations	$	0.33		$	0.53		$	0.48		$	0.43		$	1.77
Discontinued operations	—			—			0.01			(0.01		)	—
Net income per share	$	0.33		$	0.53		$	0.49		$	0.42		$	1.77
Net income per share—diluted:
Continuing operations	$	0.32		$	0.53		$	0.47		$	0.43		$	1.75
Discontinued operations	—			—			0.01			(0.01		)	—
Net income per share	$	0.32		$	0.53		$	0.48		$	0.42		$	1.75
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
Income from continuing operations	67			126			114			100			407
Income from discontinued operations—net of tax	—			—			—			—			—
Net income	$	67		$	126		$	114		$	100		$	407
Net income per share—basic:
Continuing operations	$	0.31		$	0.58		$	0.53		$	0.46		$	1.88
Discontinued operations	—			—			—			—			—
Net income per share	$	0.31		$	0.58		$	0.53		$	0.46		$	1.88
Net income per share—diluted:
Continuing operations	$	0.31		$	0.58		$	0.52		$	0.46		$	1.87
Discontinued operations	—			—			—			—			—
Net income per share	$	0.31		$	0.58		$	0.52		$	0.46		$	1.87

(1)

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