v3.26.1
Fair Value Measurements
6 Months Ended
Jun. 28, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
For financial assets and liabilities, as well as non-financial assets and liabilities that are recognized or disclosed at fair value, we may use the following inputs to derive the fair value:
Level 1 inputs are quoted prices in active markets for identical assets or liabilities.
Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities.
Level 3 inputs are unobservable and reflect the Company's own assumptions.
The Company believes the carrying amounts of cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximate their fair values due to their liquidity or short duration. The Company believes the fair value of the Credit Facility approximates its carrying value as it is based on the SOFR or prevailing benchmark rate.
The fair value of the Company's long-term debt, excluding the Credit Facility, is based on quoted market prices which represent Level 1 inputs. The fair value as of June 28, 2026 and December 28, 2025 were as follows:
June 28, 2026December 28, 2025
(In millions)
Face Value$1,100.0 $1,100.0 
Fair Value$1,106.2 $1,112.3