Cash, Cash Equivalents, and Restricted Cash

6 Months Ended

Jun. 26, 2021

Cash and Cash Equivalents [Abstract]

Note 9: Cash, Cash equivalents and Restricted Cash

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents include time deposits, certificates of deposit, or similar instruments. Any funds that the Company is legally restricted to withdraw, including compensating balances, are classified as restricted cash. Restricted cash is recorded in prepaid expenses and other current assets and in the other assets, net line items in the Consolidated Balance Sheet. A reconciliation of the Company’s cash and cash equivalents in the Consolidated Balance Sheets to cash, cash equivalents, and restricted cash at end of period in the Consolidated Statements of Cash Flows is as follows:


	As of
(In millions)	June 26, 2021		December 26, 2020
Cash and cash equivalents	$	107.3	$	139.1
Restricted cash	7.4		11.4
Cash, cash equivalents and restricted cash at end of period	$	114.7	$	150.5