XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Statement of Comprehensive Income [Abstract]    
Net sales $ 7,798 $ 6,295
Cost of goods sold 6,603 5,292
Gross profit 1,195 1,003
Operating expenses:    
Distribution, selling and administrative costs 1,161 972
Restructuring costs and asset impairment charges 0 3
Total operating expenses 1,161 975
Operating income 34 28
Other income—net (6) (7)
Interest expense—net 55 54
Loss on extinguishment of debt 0 23
Loss before income taxes (15) (42)
Income tax benefit (8) (18)
Net loss (7) (24)
Other comprehensive loss—net of tax:    
Changes in retirement benefit obligations 0 0
Recognition of interest rate swaps 0 2
Comprehensive loss (7) (22)
Net loss (7) (24)
Series A convertible preferred stock dividends (9) (15)
Net loss available to common shareholders $ (16) $ (39)
Net loss per share    
Earnings Per Share, Basic $ (0.07) $ (0.18)
Earnings Per Share, Diluted $ (0.07) $ (0.18)
Weighted-average common shares outstanding    
Weighted Average Number of Shares Outstanding, Basic 223 221
Weighted Average Number of Shares Outstanding, Diluted 223 221