Intangible Assets

6 Months Ended

Jun. 28, 2026

Intangible Asset, Goodwill and Other [Abstract]

Changes in indefinite-lived intangible assets during the six months ended June 28, 2026 were as follows:


	Tradename		Other		Total
	(In millions)
Balance at December 28, 2025	$	468.0	$	5.3	$	473.3
Impairment	—		(3.2)		(3.2)

Additions	—		0.3		0.3

Balance at June 28, 2026	$	468.0	$	2.5	$	470.5

Gross and net carrying amounts of finite-lived intangible assets at June 28, 2026 and December 28, 2025 are as follows:


	June 28, 2026						December 28, 2025
	Gross		Accumulated Amortization		Net			Gross		Accumulated Amortization		Net
	(In millions)
Tradename	$	28.2	$	(1.4)	$	26.8		n/a		n/a		n/a
Franchising rights	214.8		(188.8)		26.0			214.8		(183.2)		31.6
Other	2.6		(1.8)		0.8			2.2		(1.2)		1.0
Total	$	245.6	$	(192.1)	$	53.5		$	217.0	$	(184.4)	$	32.6

The Company reclassified certain intangible assets from indefinite-lived to finite-lived, including $28.2 million tradename in the fourth quarter of 2025 and $2.5 million of other intangibles in the second quarter of 2026.