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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Summary of Fair Value Hierarchy | As of December 31, 2023 and December 25, 2022, the Company had the following assets and liabilities measured at fair value in its Consolidated Balance Sheets (excluding assets for which the fair value is measured using net asset value per share):
|  |  | Fair Value Measurements Using
(In millions) | Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
December 31, 2023 |  |  |
Assets: |  |  |
Available-for-sale securities | $ | 1.1 |  |  | 1.1 |  |  | — |  |  | — |
Derivatives | 0.7 |  |  | — |  |  | 0.7 |  |  | — |
Total assets | $ | 1.8 |  |  | 1.1 |  |  | 0.7 |  |  | — |
Liabilities: |  |  |  |  |  |  |
Derivatives | $ | 3.9 |  |  | — |  |  | 3.9 |  |  | — |
Option agreement | 1.7 |  |  | — |  |  | — |  |  | 1.7 |
Total liabilities | $ | 5.6 |  |  | — |  |  | 3.9 |  |  | 1.7 |
December 25, 2022 |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
Available-for-sale securities | $ | 1.7 |  |  | 1.7 |  |  | — |  |  | — |
Derivatives | 7.9 |  |  | — |  |  | 7.9 |  |  | — |
Total assets | $ | 9.6 |  |  | 1.7 |  |  | 7.9 |  |  | — |
Liabilities: |  |  |  |  |  |  |
Derivatives | $ | 2.9 |  |  | — |  |  | 2.9 |  |  | — |
Option agreement | 1.7 |  |  | — |  |  | — |  |  | 1.7 |
Total liabilities | $ | 4.6 |  |  | — |  |  | 2.9 |  |  | 1.7 |
Summary of Reconciliation of Level 3 Fair Value | The following is a reconciliation of the beginning and ending balances of the fair value measurements of the Company’s financial instruments which use significant unobservable inputs (Level 3):
(In millions) | 2023 |  | 2022
Balance at beginning of year | $ | (1.7) |  |  | (1.7) |
Balance at end of year | $ | (1.7) |  |  | (1.7) |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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