v3.26.1
Derivative Instruments (Tables)
6 Months Ended
Jun. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Condensed Consolidated Balance Sheets, Fair Value
The following tables present the fair values of derivative instruments included in the Condensed Consolidated Balance Sheets as of June 28, 2026 and December 28, 2025 for derivatives not designated as hedging instruments and derivatives designated as hedging instruments, respectively. Only the Company’s cash flow hedges are designated as hedging instruments.
Derivatives Fair Value
Derivatives Not Designated as Hedging
Instruments
June 28, 2026December 28,
2025
Balance Sheet Location
Foreign currency derivatives
$120 $— Prepaid expense and other current assets
Commodity derivatives
— 33 Prepaid expense and other current assets
Total Assets$120 $33 
Foreign currency derivatives
— 12 Accrued liabilities
Commodity derivatives 199 — Accrued liabilities
Total Liabilities$199 $12 
Derivatives Fair Value
Derivatives Designated as Hedging InstrumentsJune 28, 2026December 28,
2025
Balance Sheet Location
Interest rate derivatives (current)
$453 $3,741 
Accrued liabilities
Interest rate derivatives (noncurrent)
321 4,645 
Other long-term obligations and deferred credits
Total Liabilities$774 $8,386 
Schedule of Derivative Instruments in Condensed Consolidated Statements of Operations, Gain (Loss)
The effect of derivative instruments in the Condensed Consolidated Statements of Operations for the quarter and two quarters ended June 28, 2026 and June 29, 2025 is as follows:
Derivative Gain/(Loss) Recognized in Income for the Quarter Ended
Derivative Gain/(Loss) Recognized in Income for the Two Quarters Ended
Derivatives Designated as Hedging InstrumentsJune 28, 2026June 29, 2025June 28, 2026June 29, 2025
Location of Derivative Gain Recognized in Income
Loss/ (gain) on interest rate derivatives$(353)$336 $(643)$623 Interest expense, net
$(353)$336 $(643)$623 
Derivative Gain/(Loss) Recognized in Income for the Quarter Ended
Derivative Gain/(Loss) Recognized in Income for the Two Quarters Ended
Derivatives Not Designated as Hedging InstrumentsJune 28, 2026June 29, 2025June 28, 2026June 29, 2025
Location of Derivative (Loss)/Gain Recognized in Income
(Loss)/gain on foreign currency derivatives$379 $(220)$132 $(117)Other non-operating (income)/expense, net
Loss/(gain) on commodity derivatives(228)45 (33)140 Other non-operating (income)/expense, net
$151 $(175)$99 $23