XML 32 R15.htm IDEA: XBRL DOCUMENT

Joint Ventures	12 Months Ended
Joint Ventures	Dec. 28, 2025
Equity Method Investments and Joint Ventures [Abstract]
Joint Ventures	Joint Ventures The Company has a 60% interest in the Chinese joint venture known as STAL, which manufactures Precision Rolled Strip® (PRS) stainless products mainly for the electronics and automotive markets located in Asia. The remaining 40% interest in STAL is owned by China Baowu Steel Group Corporation Limited, a state authorized investment company whose equity securities are publicly traded in the People’s Republic of China. As a majority-owned joint venture, STAL is consolidated into the Company's operating results and financial position. The minority ownership interest is recognized in the consolidated statement of operations as net income attributable to noncontrolling interests, and as equity attributable to the noncontrolling interests within total stockholders’ equity. Cash equivalents held by STAL as of December 28, 2025 were $97.6 million.