Earnings Per Share (Tables)

3 Months Ended

Apr. 03, 2021

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted EPS

The following table sets forth the computation of basic and diluted EPS:

	13 Weeks Ended
	April 3, 2021		March 28, 2020
Numerator:
Net loss	$	(24)	$	(132)
Series A convertible preferred stock dividends (1)	15		—
Net loss available to common shareholders	$	(39)	$	(132)
Denominator:
Weighted-average common shares outstanding	221		219
Effect of dilutive securities	—		—
Effect of dilutive underlying shares of the Series A convertible preferred stock	—		—
Weighted-average dilutive shares outstanding	221		219
Net loss per share
Basic	$	(0.18)	$	(0.60)
Diluted	$	(0.18)	$	(0.60)

(1)    Preferred stock dividends for the first quarter of 2021 were declared on March 23, 2021 and were paid in kind on March 31, 2021.