REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 27, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregated Revenue from Contracts with Customers

The following table represents a disaggregation of revenue for the following periods:


						Successor																											Predecessor
						Thirteen Weeks Ended												Thirty-Nine Weeks Ended September 27, 2026						Period from January 16 to September 28, 2025									Period from January 1 to January 15, 2025
						September 27, 2026						September 28, 2025
Royalties						$	76					$	69					$	219					$	192								$	10
Advertising revenue						57						53						165						147									7
System support revenue						60						53						174						143									9
Company-owned stores sales						9						9						34						27									2
Other revenues						7						6						10						9									—
Total revenues						$	209					$	190					$	602					$	518								$	28

Schedule of Change in Deferred Revenues

The following table reflects the change in deferred revenues on a consolidated basis:


			Successor															Predecessor
			Thirty-Nine Weeks Ended September 27, 2026						Period from January 16 to September 28, 2025									Period from January 1 to January 15, 2025

Beginning balance			$	20					$	19								$	18
Recognized during period and included in the contract liability balance at the beginning of the year			(3)						(3)									—
Cash receipts, net of amounts recognized during the period			22						13									1
Ending balance			$	39					$	29								$	19
Less: current portion			(14)						(14)									(4)
Deferred revenue, net of current portion			$	25					$	15								$	15