v3.26.1
Financial Instruments (Tables)
6 Months Ended
Jun. 27, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments Designated as Cash Flow Hedges Reflected in the Financial Statements The following table summarizes the location and fair value of the derivative instruments and disaggregates the net derivative assets and liabilities into gross components on a contract-by-contract basis:
 Asset DerivativesLiability Derivatives
   Fair Value Fair Value
(In thousands)Balance Sheet LocationJune 27,
2026
December 27,
2025
Balance Sheet LocationJune 27,
2026
December 27,
2025
      
Commodity contracts - gains
Other current assets
$1,125 $1,983 
Other current liabilities
$— $— 
Commodity contracts - losses
Other current assets
(171)— 
Other current liabilities
— (17,336)
Total derivatives (1)
 $954 $1,983  $— $(17,336)
(1) Does not include the impact of cash collateral provided to counterparties.
Schedule of Fair Value Hedges
The following table summarizes the effects of derivative instruments on the Company’s Condensed Consolidated Statements of Income:

   For the Quarter EndedFor the Six Months Ended
(In thousands)LocationJune 27, 2026June 28, 2025June 27, 2026June 28, 2025
Undesignated derivatives: 
Gain on commodity contracts (nonqualifying)Cost of goods sold$6,086 $6,889 $22,114 $736 
Schedule of Activities Related to Derivative Instruments Classified as Cash Flow Hedges
The following tables summarize amounts recognized in and reclassified from AOCI during the period:

 For the Quarter Ended June 27, 2026
(In thousands)Gain (Loss) Recognized in AOCI (Effective Portion), Net of TaxClassification Gains (Losses)Gain Reclassified from AOCI (Effective Portion), Net of Tax
Cash flow hedges:   
Commodity contracts$3,720 Cost of goods sold$(2,533)
Other(35)Other— 
Total$3,685 Total$(2,533)
Amounts recognized in and reclassified from AOCI (continued):

 For the Quarter Ended June 28, 2025
(In thousands)(Loss) Gain Recognized in AOCI (Effective Portion), Net of TaxClassification Gains (Losses)Gain Reclassified from AOCI (Effective Portion), Net of Tax
Cash flow hedges:   
Commodity contracts$(329)Cost of goods sold$(1,012)
Other10 Other— 
Total$(319)Total$(1,012)

 For the Six Months Ended June 27, 2026
(In thousands)Gain (Loss) Recognized in AOCI (Effective Portion), Net of TaxClassification Gains (Losses)Gain Reclassified from AOCI (Effective Portion), Net of Tax
Cash flow hedges:   
Commodity contracts$2,120 Cost of goods sold$(2,950)
Other(28)Other— 
Total$2,092 Total$(2,950)

 For the Six Months Ended June 28, 2025
(In thousands)Gain Recognized in AOCI (Effective Portion), Net of TaxClassification Gains (Losses)Gain Reclassified from AOCI (Effective Portion), Net of Tax
Cash flow hedges:   
Commodity contracts$3,072 Cost of goods sold$(2,368)
Other11 Other— 
Total$3,083 Total$(2,368)