Assets Held for Sale

12 Months Ended

Dec. 28, 2019

Discontinued Operations and Disposal Groups [Abstract]

Assets Held for Sale

The Company classifies its vacant land and closed facilities as assets held for sale at the time management commits to a plan to sell the asset, the asset is actively marketed and available for immediate sale, and the sale is expected to be completed within one year. Due to market conditions, certain assets may be classified as assets held for sale for more than one year as the Company continues to actively market the assets.

During fiscal year 2020, vacant land previously held for future use and two excess facilities were transferred to assets held for sale. The Company sold the vacant land for cash proceeds of $32 million, resulting in a gain on sale of $17 million, which was included in distribution, selling and administrative costs in the Company's Consolidated Statement of Comprehensive Income. The Company also sold the two excess facilities for aggregate cash proceeds of $10 million, which approximated their aggregate carrying values. During fiscal year 2019, we sold two closed distribution facilities and an excess parcel of land for aggregate cash proceeds of $6 million, which approximated their aggregate carrying values.

The changes in assets held for sale for fiscal years 2020 and 2019 were as follows:

	2020		2019
Balance as of beginning of year	$	1	$	7
Transfers in	24		—
Assets sold	(24)		(6)
Balance as of end of the year	$	1	$	1