XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Jun. 26, 2021
Jun. 27, 2020
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
Income Statement [Abstract]              
Net revenue $ 467 $ 383 $ 909 $ 737 $ 1,558 $ 1,303 $ 1,161
Cost of sales 116 110 232 209 444 391 386
Gross profit 351 273 677 528 1,114 912 775
Operating expenses:              
Sales and marketing 89 80 174 140 348 299 348
Research and development 48 37 92 75 188 161 186
General and administrative 45 42 93 100 235 182 170
Amortization of intangibles 13 36 49 72 143 146 153
Restructuring charges (Note 9)     8 1 2 6 19
Total operating expenses 195 195 416 388 916 794 876
Operating income (loss) 156 78 261 140 198 118 (101)
Interest expense and other, net (58) (74) (118) (149) (307) (296) (308)
Foreign exchange gain (loss), net (20) (17) 15 (6) (104) 21 30
Income (loss) from continuing operations before income taxes 78 (13) 158 (15) (213) (157) (379)
Provision for income tax expense (benefit) 10 5 7 (5) 5 38 29
Income (loss) from continuing operations 68 (18) 151 (10) (218) (195) (408)
Income (Loss) from discontinued operations, net of taxes 40 40 51 41 (71) (41) (104)
Net income (loss) 108 $ 22 202 $ 31 (289) $ (236) $ (512)
Less: Net loss attributable to redeemable noncontrolling interests 72   136   (171)    
Net income (loss) attributable to McAfee Corp. 36   66   (118)    
Net income (loss) attributable to McAfee Corp.              
Income (loss) from continuing operations attributable to McAfee Corp. 23   50   (55)    
Income (loss) from discontinued operations attributable to McAfee Corp. 13   16   (63)    
Net income (loss) attributable to McAfee Corp. $ 36   $ 66   $ (118)    
Earnings (loss) per share attributable to McAfee Corp., basic:              
Continuing operations $ 0.14   $ 0.31   $ (0.34)    
Discontinued operations 0.08   0.10   (0.39)    
Earning (loss) per share, basic 0.22   0.40   (0.73)    
Earnings (loss) per share attributable to McAfee Corp., diluted:              
Continuing operations 0.14   0.30   (0.34)    
Discontinued operations 0.07   0.09   (0.39)    
Earning (loss) per share, diluted $ 0.21   $ 0.39   $ (0.73)    
Weighted-average shares outstanding, basic 165.0   163.7   162.3    
Weighted-average shares outstanding, diluted 182.8   179.5   162.3