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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
4 Months Ended
Jun. 15, 2013
Accounting Policies [Abstract]  
Basic and Diluted Net Earnings (Loss) Per Share


The following table reflects the calculation of basic and diluted net earnings (loss) per share:

 

     First Quarter Ended  
     June 15,
2013
    June 16,
2012
 

Net earnings per share—basic:

    

Net loss from continuing operations available to common stockholders

   $ (105   $ (18

Weighted average shares outstanding—basic

     246        212   
  

 

 

   

 

 

 

Net loss from continuing operations per share—basic

   $ (0.43   $ (0.08
  

 

 

   

 

 

 

Income from discontinued operations, net of tax available to common stockholders

   $ 190      $ 59   

Weighted average shares outstanding—basic

     246        212   
  

 

 

   

 

 

 

Net earnings from discontinued operations per share—basic

   $ 0.78      $ 0.27   
  

 

 

   

 

 

 

Net earnings available to common stockholders

   $ 85      $ 41   

Weighted average shares outstanding—basic

     246        212   
  

 

 

   

 

 

 

Net earnings per share—basic

   $ 0.35      $ 0.19   
  

 

 

   

 

 

 

Net earnings per share—diluted:

    

Net loss from continuing operations available to common stockholders

   $ (105   $ (18

Weighted average shares outstanding—basic

     246        212   

Dilutive impact of stock-based awards stock outstanding

     —          —     
  

 

 

   

 

 

 

Weighted average shares outstanding—diluted

     246        212   
  

 

 

   

 

 

 

Net loss from continuing operations per share—diluted

   $ (0.43   $ (0.08
  

 

 

   

 

 

 

Income from discontinued operations, net of tax available to common stockholders

   $ 190      $ 59   

Weighted average shares outstanding—basic

     246        212   

Dilutive impact of stock-based awards stock outstanding

     4        2   
  

 

 

   

 

 

 

Weighted average shares outstanding—diluted

     250        214   
  

 

 

   

 

 

 

Net earnings from discontinued operations per share—diluted

   $ 0.77      $ 0.27   
  

 

 

   

 

 

 

Net earnings available to common stockholders

   $ 85      $ 41   

Weighted average shares outstanding—basic

     246        212   

Dilutive impact of stock-based awards stock outstanding

     4        2   
  

 

 

   

 

 

 

Weighted average shares outstanding—diluted

     250        214   
  

 

 

   

 

 

 

Net earnings per share—diluted

   $ 0.34      $ 0.19   
  

 

 

   

 

 

 

Schedule of Changes in Accumulated Other Comprehensive Loss

Changes in the Accumulated other comprehensive loss balance by component follows below:

 

     June 15,
2013
 

Pension and postretirement benefit plan accumulated other comprehensive loss at beginning of the fiscal year, net of tax

   $ 612   

Other comprehensive income, net of tax of $11

     (18

Divestiture of certain NAI pension plan obligation’s accumulated other comprehensive loss, net of tax of $31

     (48
  

 

 

 

Pension and postretirement benefit plan accumulated other comprehensive loss at the end of period, net of tax

   $ 546