Income Taxes |
6 Months Ended |
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Jun. 27, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company’s effective tax rate for the second quarter of 2026 was 25 percent compared with 24 percent for the same period last year. The primary items impacting the effective tax rate for the second quarter of 2026 were increases related to the provision for state income taxes, net of the federal benefit, of $10.9 million and other items of $3.5 million. The primary item impacting the effective tax rate for the second quarter of 2025 was an increase related to the provision for state income taxes, net of the federal benefit, of $10.1 million. The Company’s effective tax rate for the first half of 2026 was 25 percent compared with 24 percent for the same period last year. The items impacting the effective tax rate for the first half of 2026 were increases related to the provision for state income taxes, net of the federal benefit, of $21.6 million and other items of $5.0 million. The primary item impacting the effective tax rate for the first half of 2025 was an increase related to the provision for state income taxes, net of the federal benefit, of $16.9 million. The Company files a consolidated U.S. federal income tax return and numerous consolidated and separate-company income tax returns in many state, local, and foreign jurisdictions. The statute of limitations is open for the Company’s federal tax return for 2022 and all subsequent years. The statutes of limitations for most state returns are open for 2022 and all subsequent years, and some state and foreign returns are also open for some earlier tax years due to differing statute periods. While the Company believes that it is adequately reserved for possible audit adjustments, the final resolution of these examinations cannot be determined with certainty and could result in final settlements that differ from current estimates.
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