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Treasury Stock (Tables)
 12 Months Ended
Dec. 28, 2024
Treasury Stock Transactions, Excluding Value of Shares Reissued [Abstract]  
Class of Treasury Stock
The following table provides the number of shares repurchased, average price paid per share, and total costs of share repurchases in fiscal 2024, 2023, and 2022, respectively (in thousands, except per share amounts):  
Fiscal Year
202420232022
Total number of shares repurchased (a)
10,576 13,658 16,891 
Average price paid per share (a)
$53.02 $43.71 $41.45 
Total costs of share repurchases (b)
$566,383 $602,947 $700,063 

(a) All share and per share amounts have been adjusted to reflect the five-for-one Stock Split effective December 20, 2024 as discussed in Note 1.

(b) Effective January 1, 2023, the Company’s share repurchases are subject to a 1% excise tax as a result of the Inflation Reduction Act of 2022. Excise taxes incurred on share repurchases represent direct costs of the repurchase and are recorded as a part of the cost basis of the shares within treasury stock. The cost of shares repurchased may differ from the repurchases of common stock amounts in the consolidated statements of cash flows due to unsettled share repurchases at the end of a period and excise taxes incurred on share repurchases.