v3.26.3
Financial Instruments (Tables)
 9 Months Ended
Sep. 26, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments Designated as Cash Flow Hedges Reflected in the Financial Statements The following table summarizes the location and fair value of the derivative instruments and disaggregates the net derivative assets and liabilities into gross components on a contract-by-contract basis:
Asset DerivativesLiability Derivatives
  Fair ValueFair Value
(In thousands)Balance Sheet LocationSeptember 26,
2026		December 27,
2025		Balance Sheet LocationSeptember 26,
2026		December 27,
2025
Commodity contracts - gains
Other current assets
$2,388 $1,983 
Other current liabilities
$— $— 
Commodity contracts - losses
Other current assets
— — 
Other current liabilities
(1,463)(17,336)
Total derivatives (1)
$2,388 $1,983 $(1,463)$(17,336)
(1) Does not include the impact of cash collateral provided to counterparties.
Schedule of Fair Value Hedges
The following table summarizes the effects of derivative instruments on the Company’s Condensed Consolidated Statements of Income:

  For the Quarter EndedFor the Nine Months Ended
(In thousands)LocationSeptember 26, 2026September 27, 2025September 26, 2026September 27, 2025
Undesignated derivatives:
Gain on commodity contracts (nonqualifying)Cost of goods sold$852 $11,260 $22,966 $11,996 
Schedule of Activities Related to Derivative Instruments Classified as Cash Flow Hedges
The following tables summarize amounts recognized in and reclassified from AOCI during the period:

For the Quarter Ended September 26, 2026
(In thousands)Gain (Loss) Recognized in AOCI (Effective Portion), Net of TaxClassification Gains (Losses)Gain Reclassified from AOCI (Effective Portion), Net of Tax
Cash flow hedges:
Commodity contracts$2,903 Cost of goods sold$(1,759)
Other(902)Other— 
Total$2,001 Total$(1,759)

For the Quarter Ended September 27, 2025
(In thousands)Gain (Loss) Recognized in AOCI (Effective Portion), Net of TaxClassification Gains (Losses)Gain Reclassified from AOCI (Effective Portion), Net of Tax
Cash flow hedges:
Commodity contracts$521 Cost of goods sold$(630)
Other(5)Other— 
Total$516 Total$(630)

For the Nine Months Ended September 26, 2026
(In thousands)Gain (Loss) Recognized in AOCI (Effective Portion), Net of TaxClassification Gains (Losses)Gain Reclassified from AOCI (Effective Portion), Net of Tax
Cash flow hedges:
Commodity contracts$5,023 Cost of goods sold$(4,709)
Other(930)Other— 
Total$4,093 Total$(4,709)

For the Nine Months Ended September 27, 2025
(In thousands)Gain Recognized in AOCI (Effective Portion), Net of TaxClassification Gains (Losses)Gain Reclassified from AOCI (Effective Portion), Net of Tax
Cash flow hedges:
Commodity contracts$3,593 Cost of goods sold$(2,998)
Other6 Other— 
Total$3,599 Total$(2,998)