The ODP Corporation (ODP) 8-K Supplemental Historical Segment Financial Information of The ODP Corporation

Exhibit 99.1

Supplemental Historical Segment Financial Information of The ODP Corporation

Annual Results FY20 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	5,335	$	3,578	$	0		$	6,344	$	(6,385	)	$	8,872
Cost of goods sold and occupancy costs		3,958		3,115		0			6,255		(6,407	)		6,921
Gross profit		1,377		463		0			89		22			1,951
Selling, general and administrative expenses		1,060		412		0			61		128			1,661
Asset impairments		0		0		0			0		182			182
Merger, restructuring and other operating expenses, net		0		0		0			0		102			102
Operating income	$	317	$	51	$	0		$	28	$	(390	)	$	6
Q1 FY21 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	1,325	$	855	$	0		$	1,516	$	(1,522	)	$	2,174
Cost of goods sold and occupancy costs		965		747		1			1,494		(1,528	)		1,679
Gross profit		360		108		(1	)		22		6			495
Selling, general and administrative expenses		252		105		4			15		25			401
Asset impairments		0		0		0			0		12			12
Merger, restructuring and other operating expenses, net		0		0		0			0		13			13
Operating income	$	108	$	3	$	(5	)	$	7	$	(44	)	$	69
Q2 FY21 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	1,161	$	914	$	1		$	1,473	$	(1,479	)	$	2,070
Cost of goods sold and occupancy costs		876		793		1			1,451		(1,483	)		1,638
Gross profit		285		121		0			22		4			432
Selling, general and administrative expenses		235		103		6			14		32			390
Asset impairments		0		0		0			0		1			1
Merger, restructuring and other operating expenses, net		0		0		0			0		11			11
Operating income	$	50	$	18	$	(6	)	$	8	$	(40	)	$	30

Q3 FY21 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	1,239	$	947	$	2		$	1,528	$	(1,537	)	$	2,179
Cost of goods sold and occupancy costs		894		814		2			1,507		(1,542	)		1,675
Gross profit		345		133		0			21		5			504
Selling, general and administrative expenses		237		99		10			14		22			382
Asset impairments		0		0		0			0		5			5
Merger, restructuring and other operating expenses, net		0		0		0			0		13			13
Operating income	$	108	$	34	$	(10	)	$	7	$	(35	)	$	104
Q4 FY21 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	1,139	$	910	$	2		$	1,474	$	(1,483	)	$	2,042
Cost of goods sold and occupancy costs		854		790		1			1,454		(1,489	)		1,610
Gross profit		285		120		1			20		6			432
Selling, general and administrative expenses		226		102		14			13		30			385
Asset impairments		0		0		0			0		2			2
Merger, restructuring and other operating expenses, net		0		0		0			0		14			14
Operating income	$	59	$	18	$	(13	)	$	7	$	(40	)	$	31
Annual Results FY21 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	4,864	$	3,626	$	5		$	5,991	$	(6,021	)	$	8,465
Cost of goods sold and occupancy costs		3,589		3,145		4			5,906		(6,042	)		6,602
Gross profit		1,275		481		1			85		21			1,863
Selling, general and administrative expenses		950		409		35			55		109			1,558
Asset impairments		0		0		0			0		20			20
Merger, restructuring and other operating expenses, net		0		0		0			0		51			51
Operating income	$	325	$	72	$	(34	)	$	30	$	(159	)	$	234

Q1 FY22 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	1,201	$	984	$	2		$	1,533	$	(1,542	)	$	2,178
Cost of goods sold and occupancy costs		871		858		1			1,511		(1,547	)		1,694
Gross profit		330		126		1			22		5			484
Selling, general and administrative expenses		234		107		16			14		25			396
Asset impairments		0		0		0			0		2			2
Merger, restructuring and other operating expenses, net		0		0		0			0		10			10
Operating income	$	96	$	19	$	(15	)	$	8	$	(32	)	$	76
Q2 FY22 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	1,039	$	1,000	$	1		$	1,416	$	(1,422	)	$	2,034
Cost of goods sold and occupancy costs		777		858		1			1,394		(1,427	)		1,603
Gross profit		262		142		0			22		5			431
Selling, general and administrative expenses		213		106		16			14		28			377
Asset impairments		0		0		0			0		3			3
Merger, restructuring and other operating expenses, net		0		0		0			0		23			23
Operating income	$	49	$	36	$	(16	)	$	8	$	(49	)	$	28
Q3 FY22 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	1,143	$	1,035	$	2		$	1,484	$	(1,492	)	$	2,172
Cost of goods sold and occupancy costs		841		879		1			1,462		(1,497	)		1,686
Gross profit		302		156		1			22		5			486
Selling, general and administrative expenses		219		108		18			13		33			391
Asset impairments		0		0		0			0		3			3
Merger, restructuring and other operating expenses, net		0		0		0			0		8			8
Operating income	$	83	$	48	$	(17	)	$	9	$	(39	)	$	84

Q4 FY22 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	1,104	$	1,005	$	2		$	1,450	$	(1,455	)	$	2,106
Cost of goods sold and occupancy costs		831		857		1			1,430		(1,459	)		1,660
Gross profit		273		148		1			20		4			446
Selling, general and administrative expenses		216		111		19			16		26			388
Asset impairments		0		0		0			0		6			6
Merger, restructuring and other operating expenses, net		0		0		0			0		(3	)		(3	)
Operating income	$	57	$	37	$	(18	)	$	4	$	(25	)	$	55
Annual Results FY22 - Total US GAAP	Office Depot		ODP Business Solutions		Varis			Veyer		Corporate, Shared Services and Eliminations			Total
Sales	$	4,487	$	4,024	$	7		$	5,883	$	(5,910	)	$	8,491
Cost of goods sold and occupancy costs		3,318		3,452		4			5,799		(5,930	)		6,643
Gross profit		1,169		572		3			84		20			1,848
Selling, general and administrative expenses		884		432		69			56		111			1,552
Asset impairments		0		0		0			0		14			14
Merger, restructuring and other operating expenses, net		0		0		0			0		39			39
Operating income	$	285	$	140	$	(66	)	$	28	$	(144	)	$	243

Amounts may not foot due to rounding. The sum of the quarterly amounts may not equal the reported amounts for the year due to rounding.