MERGER, RESTRUCTURING AND OTHER ACTIVITY (Tables)

12 Months Ended

Dec. 25, 2021

Merger Restructuring And Other Activity [Abstract]

Summary of Major Components of Merger, Restructuring and Other Operating Expenses, Net

The table below summarizes the major components of Merger, restructuring and other operating expenses, net.

(In millions)	2021			2020		2019
Merger and transaction related expenses
Severance and retention	$	—		$	—	$	1
Transaction and integration		—			4		7
Facility closure, contract termination and other expenses, net		—			1		—
Total Merger and transaction related expenses		—			5		8
Restructuring expenses
Severance		(2	)		41		26
Professional fees		1			21		41
Facility closure, contract termination, and other expenses, net		15			35		11
Total Restructuring expenses, net		14			97		78
Other operating expenses
Professional fees		37			—		—
Total Other operating expenses		37			—		—
Total Merger, restructuring and other operating expenses, net	$	51		$	102	$	86

Facility Closure and Severance Costs

The activity in the merger and restructuring accruals in 2021 and 2020 is presented in the table below. Certain merger and restructuring charges are excluded from the table because they are paid as incurred or non-cash, such as accelerated depreciation and gains and losses on asset dispositions.

(In millions)	Beginning Balance		Charges Incurred			Cash Payments			Ending Balance
2021
Termination benefits:
Maximize B2B Restructuring Plan		27		(2	)		(6	)		19
Business Acceleration Program		2		—			(2	)		—
Lease and contract obligations, accruals for facilities    closures and other costs:
Maximize B2B Restructuring Plan		10		9			(13	)		6
Business Acceleration Program		1		—			(1	)		—
Comprehensive Business Review		2		—			(1	)		1
USR Parent, Inc. proposals		—		5			(5	)		—
Planned separation of consumer business		—		32			(30	)		2
Total	$	42	$	44		$	(58	)	$	28
2020
Termination benefits:
Merger-related accruals	$	—	$	—		$	—		$	—
Maximize B2B Restructuring Plan		—		35			(8	)		27
Business Acceleration Program		6		—			(4	)		2
Lease and contract obligations, accruals for facilities    closures and other costs:
Merger-related accruals		—		—			—			—
Maximize B2B Restructuring Plan		—		27			(17	)		10
Business Acceleration Program		5		20			(24	)		1
Comprehensive Business Review		3		—			(1	)		2
Total	$	14	$	82		$	(54	)	$	42