INCOME TAXES (Tables)

12 Months Ended

Dec. 25, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income (Loss) from Continuing Operations Before Income Taxes

The components of income (loss) from continuing operations before income taxes consisted of the following:

(In millions)	2021		2020			2019
United States	$	173	$	(30	)	$	151
Foreign		58		(8	)		27
Total income (loss) from continuing operations before income taxes	$	231	$	(38	)	$	178

Schedule Income Tax Expense (Benefit) Related to Income (Loss) From Continuing Operations

The income tax expense (benefit) related to income (loss) from continuing operations consisted of the following:

(In millions)	2021		2020			2019
Current:
Federal	$	14	$	(7	)	$	(57	)
State		8		17			4
Foreign		5		4			7
Deferred:
Federal		13		19			84
State		2		(5	)		10
Foreign		2		(3	)		3
Total income tax expense	$	44	$	25		$	51

Reconciliation of Income Taxes at The Federal Statutory Rate to The Provision for Income Taxes

The following is a reconciliation of income taxes at the U.S. Federal statutory rate to the provision for income taxes:

(In millions)	2021			2020			2019
Federal tax computed at the statutory rate	$	48		$	(8	)	$	37
State taxes, net of Federal benefit		10			4			8
Foreign income taxed at rates other than Federal		(5	)		4			(2	)
Increase (decrease) in valuation allowance		(3	)		(3	)		8
Non-deductible Goodwill impairments		—			24			—
Other non-deductible expenses and settlements		5			4			3
Tax basis differences in investment in subsidiaries		—			—			—
Non-taxable income and additional deductible expenses		(3	)		(3	)		(4	)
Change in unrecognized tax benefits		—			—			2
Impact of stock compensation shortfall		(6	)		2			—
Other items, net		(2	)		1			(1	)
Income tax expense	$	44		$	25		$	51

Schedule of Components Deferred Income Tax Assets and Liabilities

The components of deferred income tax assets and liabilities consisted of the following:

	December 25,			December 26,
(In millions)	2021			2020
U.S. and foreign loss carryforwards	$	61		$	71
Operating lease right-of-use assets		273			327
Pension and other accrued compensation		47			52
Basis difference in subsidiary held for sale		23			—
Accruals for facility closings		2			2
Inventory		7			8
Self-insurance accruals		14			15
Deferred revenue		10			11
U.S. and foreign income tax credit carryforwards		70			78
Allowance for bad debts		5			5
Accrued expenses		18			19
Basis difference in fixed assets		36			36
Gross deferred tax assets		566			624
Valuation allowance		(93	)		(99	)
Deferred tax assets		473			525
Internal software		2			3
Operating lease liabilities		251			297
Intangibles		5			8
Undistributed foreign earnings		—			2
Deferred tax liabilities		258			310
Net deferred tax assets	$	215		$	215

Summary of Valuation Allowances

The following summarizes the activity related to valuation allowances for deferred tax assets:

(In millions)	2021			2020			2019
Beginning balance	$	99		$	100		$	92
Additions, charged to expense		—			2			8
Reductions		(6	)		(3	)		—
Ending balance	$	93		$	99		$	100

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to unrecognized tax benefits:

(In millions)	2021		2020		2019
Beginning balance	$	13	$	13	$	11
Increase related to current year tax positions		—		—		2
Ending balance	$	13	$	13	$	13