GOODWILL AND OTHER INTANGIBLE ASSETS, NET

3 Months Ended

Mar. 26, 2023

Changes in Carrying Value of Goodwill and Other Intangible Assets (in millions)


	Amortizing Intangible Assets		Non-Amortizing Intangible Assets
			Goodwill		Trademarks
December 25, 2022	$	162.1	$	293.3	$	463.2
Amortization	(3.8)		—		—
March 26, 2023	$	158.3	$	293.3	$	463.2

Gross Carrying Value and Accumulated Amortization of Other Intangible Assets (in millions)


	March 26, 2023							December 25, 2022
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets
Franchise agreements		$	109.2	$	(17.2)	$	92.0	$	109.2	$	(14.8)	$	94.4
Customer relationships		73.9		(9.5)		64.4		73.9		(8.1)		65.8
Other		2.1		(0.2)		1.9		2.1		(0.2)		1.9
		$	185.2	$	(26.9)	$	158.3	$	185.2	$	(23.1)	$	162.1

Non-amortizing intangible assets
Trademarks						463.2						463.2
Total amortizing and non-amortizing intangible assets, net						$	621.5					$	625.3

Amortization expense for the three months ended March 26, 2023 and March 27, 2022 was $3.8 million and $3.7 million, respectively.

The expected future amortization of definite-life intangible assets by fiscal year (in millions):