Discontinued Operations (Tables)

4 Months Ended

Jun. 16, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Operating results of discontinued operations are summarized below:

	First Quarter Ended
	June 16,   2018   (16 weeks)			June 17,   2017   (16 weeks)
Net sales	$	350		$	487
Cost of sales	267			367
Gross profit	83			120
Selling and administrative expenses	112			115
Gain on sale	(37		)	—
Operating earnings	8			5
Interest expense, net	—			—
Earnings from discontinued operations before income taxes	8			5
Income tax provision	2			2
Income from discontinued operations, net of tax	$	6		$	3

	June 16, 2018		February 24, 2018
Current assets
Cash and cash equivalents	$	5	$	7
Receivables, net	5		8
Inventories, net	70		109
Other current assets	4		6
Total current assets of discontinued operations	84		130
Long-term assets
Property, plant and equipment, net	56		74
Intangible assets, net	—		1
Deferred tax assets	8		8
Other assets	1		1
Total long-term assets of discontinued operations	65		84
Total assets of discontinued operations	$	149	$	214
Current liabilities
Accounts payable	$	39	$	51
Accrued vacation, compensation and benefits	26		20
Current maturities of capital lease obligations	2		2
Other current liabilities	11		9
Total current liabilities of discontinued operations	78		82
Long-term liabilities
Long-term capital lease obligations	14		14
Other long-term liabilities	1		3
Total long-term liabilities of discontinued operations	15		17
Total liabilities of discontinued operations	93		99
Net assets of discontinued operations	$	56	$	115