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Leases (Tables)
 12 Months Ended
Dec. 29, 2024
Leases [Abstract]  
Schedule of Real Estate Properties As of December 29, 2024, the nature of restaurants operated by the Company and its franchisees was as follows:
Year End
December 29, 2024
Company-operated restaurants:
Owned land and building151
Owned building and held long-term land leases136
Leased land and building107
Total Company-operated restaurants394
Franchisee-operated restaurants:
Company-owned properties leased to franchisees486
Company-leased properties subleased to franchisees1,155
Other franchisee-operated restaurants5,205
Total franchisee-operated restaurants6,846
Total Company-operated and franchisee-operated restaurants7,240
Lease, Cost
The components of lease cost for 2024, 2023 and 2022 are as follows:
Year Ended
202420232022
Finance lease cost:
Amortization of finance lease assets$13,877 $16,061 $15,440 
Interest on finance lease liabilities43,051 42,624 42,918 
56,928 58,685 58,358 
Operating lease cost84,382 85,138 86,050 
Variable lease cost (a)66,977 66,859 64,473 
Short-term lease cost5,420 5,864 5,439 
Total operating lease cost (b)156,779 157,861 155,962 
Total lease cost$213,707 $216,546 $214,320 
_______________

(a)Includes expenses for executory costs of $39,754, $39,456, and $38,749 for 2024, 2023 and 2022, respectively, for which the Company is reimbursed by sublessees.

(b)Includes $127,228, $125,180 and $123,924 for 2024, 2023 and 2022, respectively, recorded to “Franchise rental expense” for leased properties that are subsequently leased to franchisees. Also includes $27,633, $30,538 and $29,648 for 2024, 2023 and 2022, respectively, recorded to “Cost of sales” for leases for Company-operated restaurants.
Schedule of Supplemental Cash Flow and Non-cash Information Related to Leases
The following table includes supplemental cash flow and non-cash information related to leases:
Year Ended
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$43,050 $42,624 $42,979 
Operating cash flows from operating leases86,664 86,972 88,372 
Financing cash flows from finance leases20,404 21,588 17,312 
Right-of-use assets obtained in exchange for lease obligations:
Finance lease liabilities47,014 20,243 34,478 
Operating lease liabilities41,423 12,659 24,742 
Schedule of Supplemental Information Related to Leases
The following table includes supplemental information related to leases:
Year End
December 29, 2024December 31,
2023
Weighted-average remaining lease term (years):
Finance leases14.014.3
Operating leases11.912.6
Weighted average discount rate:
Finance leases8.09 %8.52 %
Operating leases4.98 %4.93 %
Supplemental balance sheet information:
Finance lease assets, gross$349,212 $318,951 
Accumulated amortization(104,258)(90,015)
Finance lease assets244,954 228,936 
Operating lease assets679,777 705,615 
Finance Lease, Liability, Maturity
The following table illustrates the Company’s future minimum rental payments for non-cancelable leases as of December 29, 2024:
Finance
Leases		Operating
Leases
Fiscal YearCompany-OperatedFranchise
and Other		Company-OperatedFranchise
and Other
2025$7,717 $56,538 $19,800 $64,320 
20267,877 58,284 21,630 65,071 
20277,924 59,312 21,539 65,278 
20287,986 60,494 21,373 65,586 
20298,185 61,928 21,385 64,867 
Thereafter81,102 538,098 154,084 437,968 
Total minimum payments$120,791 $834,654 $259,811 $763,090 
Less interest
(38,201)(319,372)(66,637)(201,863)
Present value of minimum lease payments (a) (b)$82,590 $515,282 $193,174 $561,227 
_______________

(a)The present value of minimum finance lease payments of $22,509 and $575,363 are included in “Current portion of finance lease liabilities” and “Long-term finance lease liabilities,” respectively.

(b)The present value of minimum operating lease payments of $50,068 and $704,333 are included in “Current portion of operating lease liabilities” and “Long-term operating lease liabilities,” respectively.
Lessee, Operating Lease, Liability, Maturity
The following table illustrates the Company’s future minimum rental payments for non-cancelable leases as of December 29, 2024:
Finance
Leases		Operating
Leases
Fiscal YearCompany-OperatedFranchise
and Other		Company-OperatedFranchise
and Other
2025$7,717 $56,538 $19,800 $64,320 
20267,877 58,284 21,630 65,071 
20277,924 59,312 21,539 65,278 
20287,986 60,494 21,373 65,586 
20298,185 61,928 21,385 64,867 
Thereafter81,102 538,098 154,084 437,968 
Total minimum payments$120,791 $834,654 $259,811 $763,090 
Less interest
(38,201)(319,372)(66,637)(201,863)
Present value of minimum lease payments (a) (b)$82,590 $515,282 $193,174 $561,227 
_______________

(a)The present value of minimum finance lease payments of $22,509 and $575,363 are included in “Current portion of finance lease liabilities” and “Long-term finance lease liabilities,” respectively.

(b)The present value of minimum operating lease payments of $50,068 and $704,333 are included in “Current portion of operating lease liabilities” and “Long-term operating lease liabilities,” respectively.
Lease, Income
The components of lease income for 2024, 2023 and 2022 are as follows:
Year Ended
202420232022
Sales-type and direct-financing leases:
Selling profit$474 $2,466 $2,981 
Interest income (a)29,187 31,412 31,298 
Operating lease income168,497 163,927 170,633 
Variable lease income67,996 66,241 63,832 
Franchise rental income (b)$236,493 $230,168 $234,465 
_______________

(a)Included in “Interest expense, net.”

(b)Includes sublease income of $174,478, $170,112 and $175,053 recognized during 2024, 2023 and 2022, respectively. Sublease income includes lessees’ variable payments to the Company for executory costs of $39,793, $39,350 and $38,733 for 2024, 2023 and 2022, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following table illustrates the Company’s future minimum rental receipts for non-cancelable leases and subleases as of December 29, 2024:
Sales-Type and
Direct Financing Leases		Operating
Leases
Fiscal YearSubleasesOwned PropertiesSubleasesOwned Properties
2025$35,495 $1,129 $108,540 $57,306 
202636,747 1,157 108,841 59,098 
202737,304 1,292 109,624 58,835 
202838,200 1,047 110,555 58,642 
202938,471 1,052 110,177 59,382 
Thereafter349,099 9,366 729,374 500,209 
Total future minimum receipts535,316 15,043 $1,277,111 $793,472 
Unearned interest income(247,224)(5,710)
Net investment in sales-type and direct financing leases (a)$288,092 $9,333 
_______________

(a)The present value of minimum sales-type and direct financing rental receipts of $9,377 and $288,048 are included in “Accounts and notes receivable, net” and “Net investment in sales-type and direct financing leases,” respectively. The present value of minimum sales-type and direct financing rental receipts includes a net investment in unguaranteed residual assets of $125.
Lessor, Operating Lease, Payments to be Received, Maturity
The following table illustrates the Company’s future minimum rental receipts for non-cancelable leases and subleases as of December 29, 2024:
Sales-Type and
Direct Financing Leases		Operating
Leases
Fiscal YearSubleasesOwned PropertiesSubleasesOwned Properties
2025$35,495 $1,129 $108,540 $57,306 
202636,747 1,157 108,841 59,098 
202737,304 1,292 109,624 58,835 
202838,200 1,047 110,555 58,642 
202938,471 1,052 110,177 59,382 
Thereafter349,099 9,366 729,374 500,209 
Total future minimum receipts535,316 15,043 $1,277,111 $793,472 
Unearned interest income(247,224)(5,710)
Net investment in sales-type and direct financing leases (a)$288,092 $9,333 
_______________

(a)The present value of minimum sales-type and direct financing rental receipts of $9,377 and $288,048 are included in “Accounts and notes receivable, net” and “Net investment in sales-type and direct financing leases,” respectively. The present value of minimum sales-type and direct financing rental receipts includes a net investment in unguaranteed residual assets of $125.
Property, Plant, and Equipment, Lessor Asset under Operating Lease
Properties owned by the Company and leased to franchisees and other third parties under operating leases include:
Year End
December 29, 2024December 31, 2023
Land$261,131 $260,125 
Buildings and improvements303,521 296,242 
Restaurant equipment1,943 1,701 
566,595 558,068 
Accumulated depreciation and amortization(207,923)(198,429)
$358,672 $359,639