Basis of Presentation |
6 Months Ended |
|---|---|
Jun. 27, 2026 | |
| Basis of Presentation [Abstract] | |
| Basis of Presentation | Note 1 – Basis of Presentation Our condensed consolidated financial statements include the accounts of Henry controlled subsidiaries and VIE (“we,” “us” and “our”). in consolidation. or financial decisions are accounted for under the equity method. Our accompanying unaudited condensed consolidated financial statements accounting principles generally accepted in the United States with the instructions to Form 10-Q and Article 10 of Regulation S-X. information and footnote disclosures required by U.S. GAAP for complete The unaudited condensed consolidated financial statements should consolidated financial statements and notes to the consolidated financial on Form 10-K for the year ended December 27, 2025 and with the information available filings with the Securities and Exchange Commission. reflect all adjustments considered necessary for a fair presentation of financial position for the interim periods presented. The preparation of consolidated financial statements in conformity with the United States requires us to make estimates and assumptions that liabilities and disclosure of contingent assets and liabilities at the date of amounts of revenues and expenses during the reporting period. The results of operations for the three and six months ended June 27, results to be expected for any other interim period or for the year ending Our condensed consolidated financial statements reflect estimates and other things, our goodwill, long-lived asset and definite-lived intangible investment valuation; assessment of the annual effective tax rate; valuation of tax contingencies; the allowance for credit losses; fair value of contingent rebates; measurement of compensation cost for certain share-based pension plan assumptions. The primary beneficiary of a VIE is required to consolidate the assets and be the primary beneficiary of the VIE when we have the power to direct activities economic performance and have the obligation to absorb the majority of that could potentially be significant to the VIE. consider factors such as ownership interest, debt investments, management decisions, and contractual and substantive participating rights of each party. accounts receivable securitization as discussed in the trade accounts receivable transferred to the VIE are pledged as collateral to the related debt. accounts receivable. used to settle obligations of this VIE were $ 526 491 VIE where the creditors have recourse to us were $ 430 390 |