GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jun. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Value of Goodwill and Other Intangible Assets (in millions)


	Amortizing Intangible Assets		Non-Amortizing Intangible Assets
			Goodwill		Trademarks
December 29, 2024	$	142.0	$	285.3	$	453.7
Amortization	(7.8)		—		—

June 29, 2025	$	134.2	$	285.3	$	453.7

Schedule of Finite-Lived Intangible Assets

Changes in Carrying Value of Goodwill and Other Intangible Assets (in millions)


	Amortizing Intangible Assets		Non-Amortizing Intangible Assets
			Goodwill		Trademarks
December 29, 2024	$	142.0	$	285.3	$	453.7
Amortization	(7.8)		—		—

June 29, 2025	$	134.2	$	285.3	$	453.7

Gross Carrying Value and Accumulated Amortization of Other Intangible Assets (in millions)


	June 29, 2025							December 29, 2024
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets
Franchise agreements		$	118.3	$	(39.0)	$	79.3	$	118.3	$	(34.2)	$	84.1
Customer relationships		73.9		(22.5)		51.4		73.9		(19.6)		54.3
Other		4.1		(0.6)		3.5		4.1		(0.5)		3.6
		$	196.3	$	(62.1)	$	134.2	$	196.3	$	(54.3)	$	142.0

Non-amortizing intangible assets
Trademarks						453.7						453.7
Total amortizing and non-amortizing intangible assets, net						$	587.9					$	595.7

Schedule of Indefinite-Lived Intangible Assets

Changes in Carrying Value of Goodwill and Other Intangible Assets (in millions)


	Amortizing Intangible Assets		Non-Amortizing Intangible Assets
			Goodwill		Trademarks
December 29, 2024	$	142.0	$	285.3	$	453.7
Amortization	(7.8)		—		—

June 29, 2025	$	134.2	$	285.3	$	453.7

Gross Carrying Value and Accumulated Amortization of Other Intangible Assets (in millions)


	June 29, 2025							December 29, 2024
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets
Franchise agreements		$	118.3	$	(39.0)	$	79.3	$	118.3	$	(34.2)	$	84.1
Customer relationships		73.9		(22.5)		51.4		73.9		(19.6)		54.3
Other		4.1		(0.6)		3.5		4.1		(0.5)		3.6
		$	196.3	$	(62.1)	$	134.2	$	196.3	$	(54.3)	$	142.0

Non-amortizing intangible assets
Trademarks						453.7						453.7
Total amortizing and non-amortizing intangible assets, net						$	587.9					$	595.7

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The expected future amortization of definite-life intangible assets by fiscal year (in millions):


Fiscal Year:
Remainder of 2025	$	7.8
2026	15.6
2027	15.6
2028	15.9
2029	15.0
Thereafter	64.3
Total	$	134.2

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details