Leases |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 28, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | Leases During the six months ended June 28, 2025, the Company sold 12 maintenance properties and one non-U.S. car wash property for a total of $23 million. During the six months ended June 29, 2024, the Company sold eight maintenance properties for a total of $11 million. Concurrently with the closing of these sales, the Company entered into various operating lease agreements pursuant to which the Company leased back the properties. These lease agreements each have an initial term of 20 to 27 years. The Company does not include option periods in its determination of the lease term unless renewals are deemed reasonably certain to be exercised. The Company recorded an operating lease right-of-use asset and operating lease liability of $17 million and $17 million, respectively, as of June 28, 2025, and $8 million and $8 million, respectively, as of June 29, 2024 related to these lease arrangements. The Company recorded gains of $1 million and $2 million for the three and six months ended June 28, 2025, respectively, and gains of $3 million for the three and six months ended June 29, 2024, respectively. Supplemental cash flow information related to the Company’s lease arrangements for the six months ended June 28, 2025 and June 29, 2024, respectively, was as follows:
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| Leases | Leases During the six months ended June 28, 2025, the Company sold 12 maintenance properties and one non-U.S. car wash property for a total of $23 million. During the six months ended June 29, 2024, the Company sold eight maintenance properties for a total of $11 million. Concurrently with the closing of these sales, the Company entered into various operating lease agreements pursuant to which the Company leased back the properties. These lease agreements each have an initial term of 20 to 27 years. The Company does not include option periods in its determination of the lease term unless renewals are deemed reasonably certain to be exercised. The Company recorded an operating lease right-of-use asset and operating lease liability of $17 million and $17 million, respectively, as of June 28, 2025, and $8 million and $8 million, respectively, as of June 29, 2024 related to these lease arrangements. The Company recorded gains of $1 million and $2 million for the three and six months ended June 28, 2025, respectively, and gains of $3 million for the three and six months ended June 29, 2024, respectively. Supplemental cash flow information related to the Company’s lease arrangements for the six months ended June 28, 2025 and June 29, 2024, respectively, was as follows:
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