| QUARTERLY FINANCIAL INFORMATION (Unaudited) |
QUARTERLY FINANCIAL INFORMATION (Unaudited) Financial information for each quarter in the fiscal years ended December 28, 2019 and December 29, 2018, is set forth below: | | | | | | | | | | | | | | | | | | | | | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | Fiscal Year | Fiscal Year Ended December 28, 2019 | | | | | | | | | | Net sales | $ | 6,031 |
| | $ | 6,443 |
| | $ | 6,531 |
| | $ | 6,934 |
| | $ | 25,939 |
| Cost of goods sold | 4,979 |
| | 5,301 |
| | 5,375 |
| | 5,697 |
| | 21,352 |
| Gross profit | 1,052 |
| | 1,142 |
| | 1,156 |
| | 1,237 |
| | 4,587 |
| Operating expenses | 921 |
| | 948 |
| | 968 |
| | 1,051 |
| | 3,888 |
| Other (income) expense—net | (2 | ) | | (2 | ) | | 1 |
| | 7 |
| | 4 |
| Interest expense—net | 42 |
| | 42 |
| | 43 |
| | 57 |
| | 184 |
| Income before income taxes | 91 |
| | 154 |
| | 144 |
| | 122 |
| | 511 |
| Income tax provision | 20 |
| | 38 |
| | 39 |
| | 29 |
| | 126 |
| Income from continuing operations | 71 |
| | 116 |
| | 105 |
| | 93 |
| | 385 |
| Income (loss) from discontinued operations—net of tax | — |
| | — |
| | 1 |
| | (1 | ) | | — |
| Net income | $ | 71 |
| | $ | 116 |
| | $ | 106 |
| | $ | 92 |
| | $ | 385 |
| Net income per share—basic: | | | | | | | | | | Continuing operations | $ | 0.33 |
| | $ | 0.53 |
| | $ | 0.48 |
| | $ | 0.43 |
| | $ | 1.77 |
| Discontinued operations | — |
| | — |
| | 0.01 |
| | (0.01 | ) | | — |
| Net income per share | $ | 0.33 |
| | $ | 0.53 |
| | $ | 0.49 |
| | $ | 0.42 |
| | $ | 1.77 |
| Net income per share—diluted: | | | | | | | | | | Continuing operations | $ | 0.32 |
| | $ | 0.53 |
| | $ | 0.47 |
| | $ | 0.43 |
| | $ | 1.75 |
| Discontinued operations | — |
| | — |
| | 0.01 |
| | (0.01 | ) | | — |
| Net income per share | $ | 0.32 |
| | $ | 0.53 |
| | $ | 0.48 |
| | $ | 0.42 |
| | $ | 1.75 |
| | | | | | | | | | | Fiscal Year Ended December 29, 2018 | | | | | | | | | | Net sales | $ | 5,823 |
| | $ | 6,158 |
| | 6,153 |
| | $ | 6,041 |
| | $ | 24,175 |
| Cost of goods sold | 4,831 |
| | 5,044 |
| | 5,045 |
| | 4,949 |
| | 19,869 |
| Gross profit | 992 |
| | 1,114 |
| | 1,108 |
| | 1,092 |
| | 4,306 |
| Operating expenses | 889 |
| | 908 |
| | 929 |
| | 922 |
| | 3,648 |
| Other income—net | (3 | ) | | (3 | ) | | (3 | ) | | (4 | ) | | (13 | ) | Interest expense—net | 43 |
| | 48 |
| | 42 |
| | 42 |
| | 175 |
| Income before income taxes | 63 |
| | 161 |
| | 140 |
| | 132 |
| | 496 |
| Income tax (benefit) provision | (4 | ) | | 35 |
| | 26 |
| | 32 |
| | 89 |
| Income from continuing operations | 67 |
| | 126 |
| | 114 |
| | 100 |
| | 407 |
| Income from discontinued operations—net of tax | — |
| | — |
| | — |
| | — |
| | — |
| Net income | $ | 67 |
| | $ | 126 |
| | $ | 114 |
| | $ | 100 |
| | $ | 407 |
| Net income per share—basic: | | | | | | | | | | Continuing operations | $ | 0.31 |
| | $ | 0.58 |
| | $ | 0.53 |
| | $ | 0.46 |
| | $ | 1.88 |
| Discontinued operations | — |
| | — |
| | — |
| | — |
| | — |
| Net income per share | $ | 0.31 |
| | $ | 0.58 |
| | $ | 0.53 |
| | $ | 0.46 |
| | $ | 1.88 |
| Net income per share—diluted: | | | | | | | | | | Continuing operations | $ | 0.31 |
| | $ | 0.58 |
| | $ | 0.52 |
| | $ | 0.46 |
| | $ | 1.87 |
| Discontinued operations | — |
| | — |
| | — |
| | — |
| | — |
| Net income per share | $ | 0.31 |
| | $ | 0.58 |
| | $ | 0.52 |
| | $ | 0.46 |
| | $ | 1.87 |
|
(1) The quarterly net income per share information is computed separately for each period. Therefore, the sum of such quarterly per share amounts may differ from the total year.
|