Assets Held For Sale and Impairments |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 27, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets Held For Sale and Impairments | Assets Held For Sale and Impairments Assets Held For Sale The changes in assets held for sale for the years ended December 27, 2025 and December 28, 2024 were as follows:
During the years ended December 27, 2025 and December 28, 2024, the Company continued to enhance properties included within held for sale resulting in additions to assets held for sale. The Company evaluated the fair value for all assets included within assets held for sale, which resulted in losses of $9 million, $41 million, and $15 million during the years ended December 27, 2025, December 28, 2024, and December 30, 2023, respectively, which is recorded within asset impairment charges and lease terminations on the consolidated statements of operations. In addition, the Company recorded a net loss within selling, general, and administrative expenses of $2 million related to the sale of 13 locations during the year ended December 27, 2025. The Company recorded a net gain of $5 million within selling, general, and administrative expenses from the sale of 71 locations during the year ended December 28, 2024. There were no sales during the year ended December 30, 2023. The Company will continue to evaluate the fair value of assets held for sale, which may result in additional net losses upon sale based on unfavorable market conditions or other economic factors in the future. As of December 27, 2025, 17 locations were determined to no longer meet the requirements to be classified as held for sale. As a result, the Company transferred $20 million relating to these locations back into held and used at the lower of their carrying value, less any accumulated depreciation that would have occurred. U.S. Car Wash Impairments During the year ended December 30, 2023, the Company performed a strategic review of the U.S. Car Wash operations, which included, but was not limited to, an evaluation of the following: store performance, the competitive landscape, revenue and expense optimization opportunities, and capital requirements. As a result of this strategic review, the Company approved the closure of 29 stores, halted the opening of new company-operated stores, and began marketing property and equipment for sale that will not be utilized. These actions resulted in the transfer of assets from property and equipment to assets held for sale. Impairment charges for stores which were not included in the U.S. disposal group were $105 million relating to property and equipment and right-of-use assets during the year ended December 30, 2023.
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