Significant Accounting Policies, Accounting Pronouncements Recently Adopted and Recently Issued Accounting Pronouncements (Policy) |
6 Months Ended |
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Jun. 27, 2026 | |
| Significant Accounting Policies, Accounting Pronouncements Recently Adopted and Recently Issued Accounting Pronouncements [Abstract] | |
| Accounting Pronouncements Recently Adopted and Recently Issued Accounting Pronouncements | Accounting Pronouncements Recently Adopted In July 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2025-05, “ Financial Instruments - Credit Losses (Subtopic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, ” which introduces a practical expedient permitting an entity conditions at the balance sheet date remain unchanged throughout the expected credit losses on current accounts receivable and current contract Revenue from Contracts with Customers . expedient. Recently Issued Accounting Pronouncements In May 2026, the FASB issued ASU 2026-02, “ Environmental Credits and Environmental Credit Obligations (Topic 818) ,” which establishes recognition, measurement, presentation, and disclosure environmental credits and related environmental credit obligations. periods beginning after December 15, 2027, and interim reporting periods with early adoption permitted. adoption of this ASU to have a material impact on our consolidated In December 2025, the FASB issued ASU 2025-11, “ Interim Reporting (Topic 270): Narrow-Scope Improvements ,” which is intended to improve navigability of the guidance in Topic 270, Interim Reporting, and clarify when it applies. disclosure requirements, and establishes a principle under which an entity last annual reporting period that have a material impact on the entity. periods beginning after December 15, 2027, and interim reporting periods with early adoption permitted. consolidated financial statements and related disclosures. In December 2025, the FASB issued ASU 2025-10, “ Government Grants (Topic 832) - Accounting for Government Grants Received by Business Entities, ” which establishes guidance on the recognition, measurement, and presentation of government grants received by business entities. beginning after December 15, 2028, and interim reporting periods within adoption permitted. statements and related disclosures. In November 2025, the FASB issued ASU 2025-09, “ Derivatives and Hedging (Topic 815): Hedge Accounting Improvements, ” which is intended to more closely align financial reporting with management activities, including expanded eligibility of forecasted hedge effectiveness, and clarifications related to hedging non-financial items. reporting periods beginning after December 15, 2026, and interim reporting periods, with early adoption permitted, and should be applied prospectively. impact that ASU 2025-09 will have on our consolidated financial statements In September 2025, the FASB issued ASU 2025-06, “ Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements ,” which removes all references to software development project stages. when management authorizes and commits to funding the software project, be completed and the software will be used for its intended purpose. periods beginning after December 15, 2027, and interim reporting periods with early adoption permitted. modified transition approach. consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, “ Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosure (Subtopic 220-40) : Disaggregation of Income Statement Expenses ,” which requires additional disclosure about the specific expense categories in and annual reporting periods. requirements, but affect where this information appears in the notes to financial statements. for annual reporting periods beginning after December 15, 2026, and December 15, 2027, with early adoption permitted. retrospectively. statements. |