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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