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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Jun. 26, 2021
Jun. 27, 2020
Income Statement [Abstract]        
Net revenue $ 467 $ 383 $ 909 $ 737
Cost of sales 116 110 232 209
Gross profit 351 273 677 528
Operating expenses:        
Sales and marketing 89 80 174 140
Research and development 48 37 92 75
General and administrative 45 42 93 100
Amortization of intangibles 13 36 49 72
Restructuring charges (Note 9) 0 0 8 1
Total operating expenses 195 195 416 388
Operating income 156 78 261 140
Interest expense and other, net 58 74 118 149
Foreign exchange gain (loss), net (20) (17) 15 6
Income (loss) from continuing operations before income taxes 78 (13) 158 (15)
Provision for income tax expense (benefit) 10 5 7 (5)
Income (loss) from continuing operations 68 (18) 151 (10)
Income from discontinued operations, net of taxes 40 40 51 41
Net income 108 $ 22 202 $ 31
Less: Net income attributable to redeemable noncontrolling interests 72   136  
Net income attributable to McAfee Corp. 36   66  
Net income attributable to McAfee Corp.:        
Income from continuing operations attributable to McAfee Corp. 23   50  
Income from discontinued operations attributable to McAfee Corp. 13   16  
Net income attributable to McAfee Corp. $ 36   $ 66  
Earnings per share attributable to McAfee Corp., basic:        
Continuing operations $ 0.14   $ 0.31  
Discontinued operations 0.08   0.10  
Earnings per share, basic 0.22   0.40  
Earnings per share attributable to McAfee Corp., diluted:        
Continuing operations 0.14   0.30  
Discontinued operations 0.07   0.09  
Earnings per share, diluted $ 0.21   $ 0.39  
Weighted-average shares outstanding, basic 165.0   163.7  
Weighted-average shares outstanding, diluted 182.8   179.5