v3.26.1
Fair Value of Financial Instruments (Tables)
4 Months Ended
Apr. 25, 2026
Fair Value Disclosures [Abstract]  
Carrying Value of Distributor Notes Receivable

At April 25, 2026 and January 3, 2026, respectively, the carrying value of the distributor notes receivable was as follows (amounts in thousands):

 

 

 

April 25, 2026

 

 

January 3, 2026

 

Distributor notes receivable

 

$

129,263

 

 

$

130,723

 

Less: current portion of distributor notes receivable recorded in
   accounts and notes receivable, net

 

 

(21,035

)

 

 

(22,241

)

Long-term portion of distributor notes receivable

 

$

108,228

 

 

$

108,482

 

Schedule of Fair Value of Notes The fair value of the senior notes are presented in the table below (amounts in thousands, except level classification):

 

 

 

Carrying Value

 

 

Fair Value

 

 

Level

3.500% senior notes due 2026 ("2026 notes")

 

$

399,753

 

 

$

398,392

 

 

2

2.400% senior notes due 2031 ("2031 notes")

 

$

496,421

 

 

$

432,113

 

 

2

5.750% senior notes due 2035 ("2035 notes")

 

$

494,952

 

 

$

486,994

 

 

2

6.200% senior notes due 2055 ("2055 notes")

 

$

294,646

 

 

$

251,296

 

 

2