Goodwill and Other Intangible Assets, net (Tables)
|
6 Months Ended |
Jun. 28, 2026 |
| Intangible Asset, Goodwill and Other [Abstract] |
|
| Schedule of Goodwill by Reportable Segment |
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.
|
| Intangible Asset, Indefinite-Lived |
Other intangible assets consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 28, 2026 | | December 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 agreements | 27,154 | | | (13,021) | | | 14,133 | | | 27,154 | | | (12,363) | | | 14,791 | | | Customer relationships | 15,000 | | | (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 lives | 360,899 | | | (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 | |
|
| Intangible Asset, Finite-Lived |
Other intangible assets consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 28, 2026 | | December 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 agreements | 27,154 | | | (13,021) | | | 14,133 | | | 27,154 | | | (12,363) | | | 14,791 | | | Customer relationships | 15,000 | | | (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 lives | 360,899 | | | (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 | |
|