Fair Value Measurements

3 Months Ended

Mar. 29, 2026

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

For financial assets and liabilities, as well as non-financial assets and liabilities that are recognized or disclosed at fair value, we may use the following inputs to derive the fair value:

•Level 1 inputs are quoted prices in active markets for identical assets or liabilities.

•Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities.

•Level 3 inputs are unobservable and reflect the Company's own assumptions.

The Company believes the fair values of cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximate their carrying amounts due to their short duration. The Company believes the fair value of the Credit Facility approximates its carrying value as it is based on the SOFR or prevailing benchmark rate.

The fair value of the Company's long-term debt, excluding the Credit Facility, is based on quoted market prices which represent Level 1 inputs. The fair value as of March 29, 2026 and December 28, 2025 were as follows:

	March 29, 2026		December 28, 2025
	(In millions)
Face Value	$	1,100.0	$	1,100.0
Fair Value	$	1,103.7	$	1,112.3