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Related Party Transactions
 3 Months Ended
Mar. 29, 2025
Related Party Transactions [Abstract]  
Related Party Transactions
Note 17 – Related Party Transactions
During 2018, we entered into a joint venture with Internet Brands to create Henry
 
Schein One, LLC.
 
Internet
Brands initially held a
26
% noncontrolling interest, which has since increased to a
33.6
% noncontrolling interest in
Henry Schein One, LLC, and a freestanding and separately exercisable right
 
to put its noncontrolling interest to
Henry Schein, Inc. for fair value following the fifth anniversary of the effective date of the
 
formation of the joint
venture.
 
On January 29, 2025, Henry Schein, Inc. signed a Memorandum of Understanding
 
with Internet Brands to
extend the time-based trigger for the exercise of our call option to July 1, 2032
 
and to pause the exercise by Internet
Brands of its put option for a period of
four years
, to January 29, 2029.
In connection with the formation of Henry Schein One, LLC, we entered
 
into a
ten-year
 
royalty agreement with
Internet Brands whereby we will pay Internet Brands approximately $
31
 
million annually for the use of their
intellectual property.
 
During the three months ended March 29, 2025 and March
 
30, 2024, we recorded $
8
 
million
and $
8
 
million, respectively, within selling, general and administrative in our condensed consolidated statements of
income, in connection with costs related to this royalty agreement.
 
As of March 29, 2025 and December 28, 2024,
Henry Schein One, LLC had a net payable balance to Internet Brands of $
2
 
million and $
1
 
million, respectively,
comprised of amounts related to results of operations and the royalty agreement.
 
The components of this payable
are recorded within accrued expenses: other within our condensed consolidated
 
balance sheets.
We have interests in entities that we account for under the equity accounting method.
 
In our normal course of
business, during the three months ended March 29, 2025 and March 30, 2024, we
 
recorded net sales of $
13
 
million
and $
12
 
million respectively, to such entities.
 
During the three months ended March 29, 2025 and March 30,
 
2024,
we purchased $
2
 
million and $
3
 
million respectively, from such entities.
 
At March 29, 2025 and December 28,
2024, we had an aggregate $
30
 
million and $
31
 
million, respectively, due from our equity affiliates, and $
6
 
million
and $
6
 
million, respectively, due to our equity affiliates.
Certain of our facilities related to our acquisitions are leased from employees
 
and minority shareholders.
 
These
leases are classified as operating leases and have a remaining lease term
 
ranging from less than
a
 
year to
approximately
12 years
.
 
As of March 29, 2025, current and non-current liabilities
 
associated with related party
operating leases were $
5
 
million and $
20
 
million, respectively.
 
At March 29, 2025, related party leases represented
6.8
% and
7.8
% of the total current and non-current operating lease liabilities, respectively.
 
At December 28, 2024,
current and non-current liabilities associated with related party operating
 
leases were $
5
 
million and $
23
 
million,
respectively.
 
At December 28, 2024, related party leases represented
7.6
% and
7.8
% of the total current and non-
current operating lease liabilities, respectively.