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Segment Information
3 Months Ended
Mar. 29, 2024
Segment Reporting [Abstract]  
Segment Information

NOTE 8 – SEGMENT INFORMATION

The Partnership has determined it has two operating and reportable segments based upon geographic location, the U.S. and Canada. Canada segment information, as reported in the following table, is based upon the consolidated financial statements of the Partnership's Canada operations, which primarily occur through a non-guaranteed subsidiary of the Partnership. The U.S. segment information is derived from the Consolidated Financial Statements less the Canada segment

information as presented. Pre-variable income represents income before variable compensation expense and before allocations to partners. This is consistent with how management reviews the segments to assess performance.

 

The following table shows financial information for the Partnership’s reportable segments:

 

Three Months Ended

 

 

March 29, 2024

 

 

March 31, 2023

 

Net revenue:

 

 

 

 

 

U.S.

$

3,688

 

 

$

3,190

 

Canada

 

106

 

 

 

95

 

Total net revenue

$

3,794

 

 

$

3,285

 

 

 

 

 

 

 

Pre-variable income:

 

 

 

 

 

U.S.

$

996

 

 

$

793

 

Canada

 

21

 

 

 

20

 

Total pre-variable income

$

1,017

 

 

$

813

 

 

 

 

 

 

 

Variable compensation:

 

 

 

 

 

U.S.

$

539

 

 

$

403

 

Canada

 

11

 

 

 

9

 

Total variable compensation

$

550

 

 

$

412

 

 

 

 

 

 

 

Income before allocations to partners:

 

 

 

 

 

U.S.

$

457

 

 

$

390

 

Canada

 

10

 

 

 

11

 

Total income before allocations to partners

$

467

 

 

$

401