The Company has receivables factoring arrangements pursuant to which certain receivables are sold to a bank without recourse in exchange for cash. Transactions under this arrangement are accounted for as sales under ASC 860, Transfers and Servicing of Financial Assets, with the sold receivables removed from the Company’s balance sheet. Under these arrangements, the Company does not maintain any beneficial interest in the receivables sold, and the bank’s purchase of eligible receivables is subject to a maximum amount of $40.0 million of uncollected receivables originated within the United States. The Company services the receivables on behalf of the bank but otherwise maintains no significant continuing involvement with respect to the receivables. Sale proceeds, which are representative of the fair value of factored receivables, less a factoring fee, are reflected in cash flows from operating activities in the Condensed Consolidated Statements of Cash Flows, and the Company did not receive any proceeds in excess of the fair value of factored receivables during the periods presented. During the three and six month periods ended June 26, 2026, the Company received cash proceeds of $30.0 million and $49.0 million, respectively, from the sale of accounts receivable under these arrangements. As of June 26, 2026, $26.3 million of receivables factored under these arrangements had been sold and removed from the Company’s Consolidated Balance Sheets.


(In millions)	June 26, 2026		December 26, 2025
Land	$	5.6	$	5.9
Buildings	53.0		54.3
Leasehold improvements	152.6		148.1
Machinery and equipment	245.4		236.8
Computer equipment and software	95.8		95.9
Furniture and fixtures	4.3		4.2
	556.7		545.2
Accumulated depreciation	(263.4)		(243.0)
Construction in progress	30.4		22.4
Total	$	323.7	$	324.6