v3.26.1
Relationship With Parent and Related Entities (Tables)
6 Months Ended
Jul. 04, 2026
Related Party Transactions [Abstract]  
Schedule of Amounts Due to and Due from Middleby Affiliates

Amounts due to and due from Middleby affiliates are summarized in the table below:

 

(in millions)

 

July 4, 2026

 

 

January 3, 2026

 

Trade receivables

 

$

1.0

 

 

$

2.2

 

Trade payables

 

 

0.9

 

 

 

2.1

 

Loans receivable

 

 

 

 

 

11.7

 

Components of Net Parent Investment The components of net parent investment are:

 

 

 

Six Months Ended

 

(in millions)

 

July 4, 2026

 

 

June 28, 2025

 

Net transfers to Parent and Distribution to Parent as reflected in the Condensed Combined Statements of Cash Flows

 

$

(297.8

)

 

$

(7.3

)

Non-cash share-based compensation expense

 

 

4.6

 

 

 

1.8

 

Non-cash deferred tax and other

 

 

0.3

 

 

 

15.2

 

Net transfers (to) from Parent and Distribution to Parent as reflected in the Condensed Combined Statements of Changes in Parent Company Net Investment

 

$

(292.9

)

 

$

9.7