v3.26.1
Goodwill and Other Intangible Assets, net
 6 Months Ended
Jun. 28, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets, net Goodwill and Other Intangible Assets, net
Goodwill, net
Changes in the carrying amount of goodwill by reportable segment are as follows:
U.S.
International
Market Development
Total
Balance as of December 28, 2025$382,106 $218,379 $111,779 $712,264 
Impact of refranchising (1)
(42,174)— — (42,174)
Foreign currency impact
— (345)— (345)
Balance as of June 28, 2026$339,932 $218,034 $111,779 $669,745 
(1)Refer to Note 3, Acquisitions and Divestitures, for more information on the impact of refranchising.
Other Intangible Assets, net
Other intangible assets consist of the following:
June 28, 2026December 28, 2025
Gross
Carrying
Amount
Accumulated
Amortization
Net Amount
Gross
Carrying
Amount  
Accumulated
Amortization
Net Amount
Intangible assets with indefinite lives
 
 
Trade names and trademarks$553,400 $— $553,400 $553,400 $— $553,400 
Intangible assets with definite lives
Franchise agreements27,154 (13,021)14,133 27,154 (12,363)14,791 
Customer relationships15,000 (8,574)6,426 15,000 (8,142)6,858 
Reacquired franchise rights (1)(2)
318,745 (164,979)153,766 420,262 (197,562)222,700 
Total intangible assets with definite lives360,899 (186,574)174,325 462,416 (218,067)244,349 
Total intangible assets$914,299 $(186,574)$727,725 $1,015,816 $(218,067)$797,749 
(1)Reacquired franchise rights include the impact of foreign currency fluctuations associated with the respective countries.
(2)Refer to Note 3, Acquisitions and Divestitures, for more information on the impact of refranchising.
Amortization expense related to intangible assets included in Depreciation and amortization expense was $6.2 million and $14.0 million for the quarter and two quarters ended June 28, 2026, respectively, and $7.8 million and $15.5 million for the quarter and two quarters ended June 29, 2025, respectively