Intangible Assets

3 Months Ended

Mar. 29, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Changes in indefinite-lived intangible assets during the three months ended March 29, 2026 were as follows:

	Tradename		Other		Total
	(In millions)
Balance at December 28, 2025	$	468.0	$	5.3	$	473.3
Additions	—		0.2		0.2
Balance at March 29, 2026	$	468.0	$	5.5	$	473.5

Gross and net carrying amounts of finite-lived intangible assets at March 29, 2026 and December 28, 2025 are as follows:

	March 29, 2026						December 28, 2025
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
	(In millions)
Tradename	$	28.2	$	(0.7)	$	27.5	n/a		n/a		n/a
Franchising rights	214.8		(186.0)		28.8		214.8		(183.2)		31.6
Other	2.3		(1.5)		0.8		2.2		(1.2)		1.0
Total	$	245.3	$	(188.2)	$	57.1	$	217.0	$	(184.4)	$	32.6

In the fourth quarter of 2025, the Company reclassified $28.2 million of a tradename intangible from an indefinite-lived to a finite-lived asset.