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Fair Value Measurements (Tables)
12 Months Ended
Dec. 28, 2025
Fair Value Disclosures [Abstract]  
Carrying Amounts and Fair Values of Certain Assets

The following table summarizes the carrying amounts and fair values of certain assets at December 28, 2025:

 

 

 

At December 28, 2025

 

 

 

 

 

 

Fair Value Estimated Using

 

 

 

Carrying

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

Amount

 

 

Inputs

 

 

Inputs

 

 

Inputs

 

Cash equivalents

 

$

54,306

 

 

$

54,306

 

 

$

—

 

 

$

—

 

Restricted cash equivalents

 

 

146,517

 

 

 

146,517

 

 

 

—

 

 

 

—

 

Investments in marketable securities

 

 

24,971

 

 

 

24,971

 

 

 

—

 

 

 

—

 

Advertising fund cash equivalents, restricted

 

 

65,604

 

 

 

65,604

 

 

 

—

 

 

 

—

 

Investment in DPC Dash

 

 

36,070

 

 

 

36,070

 

 

 

—

 

 

 

—

 

The following table summarizes the carrying amounts and fair values of certain assets at December 29, 2024:

 

 

 

At December 29, 2024

 

 

 

 

 

 

Fair Value Estimated Using

 

 

 

Carrying

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

Amount

 

 

Inputs

 

 

Inputs

 

 

Inputs

 

Cash equivalents

 

$

127,074

 

 

$

127,074

 

 

$

—

 

 

$

—

 

Restricted cash equivalents

 

 

140,669

 

 

 

140,669

 

 

 

—

 

 

 

—

 

Investments in marketable securities

 

 

20,638

 

 

 

20,638

 

 

 

—

 

 

 

—

 

Advertising fund cash equivalents, restricted

 

 

70,350

 

 

 

70,350

 

 

 

—

 

 

 

—

 

Investment in DPC Dash

 

 

82,699

 

 

 

82,699

 

 

 

—

 

 

 

—

 

 

Schedule of Estimated Fair Value

Management estimated the approximate fair values of the Notes as follows:

 

 

 

December 28, 2025

 

 

December 29, 2024

 

 

 

Principal
Amount

 

 

Fair Value

 

 

Principal
Amount

 

 

Fair Value

 

2015 Ten-Year Notes

 

$

—

 

 

 

—

 

 

$

742,000

 

 

$

739,032

 

2017 Ten-Year Notes

 

 

940,000

 

 

 

934,360

 

 

 

940,000

 

 

 

915,560

 

2018 7.5-Year Notes

 

 

—

 

 

 

—

 

 

 

402,688

 

 

 

399,869

 

2018 9.25-Year Notes

 

 

379,000

 

 

 

377,863

 

 

 

379,000

 

 

 

370,662

 

2019 Ten-Year Notes

 

 

648,000

 

 

 

624,024

 

 

 

648,000

 

 

 

599,400

 

2021 7.5-Year Notes

 

 

826,625

 

 

 

785,294

 

 

 

826,625

 

 

 

750,576

 

2021 Ten-Year Notes

 

 

972,500

 

 

 

893,728

 

 

 

972,500

 

 

 

850,938

 

2025 Five-Year Notes

 

 

500,000

 

 

 

503,000

 

 

 

—

 

 

 

—

 

2025 Seven-Year Notes

 

 

500,000

 

 

 

506,000

 

 

 

—

 

 

 

—