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Related Party Transactions
 9 Months Ended
Sep. 27, 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 and nine months ended September 27, 2025,
 
we recorded $
8
 
million and $
23
million, respectively, within selling, general and administrative in our condensed consolidated statements of
income, in connection with costs related to this royalty agreement.
 
During the three and nine months ended
September 28, 2024 we recorded $
8
 
million and $
23
 
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 September 27, 2025 and December 28, 2024, Henry Schein One,
 
LLC had a net payable balance
to Internet Brands of $
1
 
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 and nine months ended September 27, 2025, we recorded
 
net sales of $
14
 
million and
$
42
 
million respectively, to such entities.
 
During the three and nine months ended September 28, 2024, we
recorded net sales of $
14
 
million and $
38
 
million respectively, to such entities.
 
During the three and nine months
ended September 27, 2025, we purchased $
3
 
million and $
7
 
million respectively, from such entities.
 
During the
three and nine months ended September 28, 2024, we purchased $
3
 
million and $
8
 
million respectively, from such
entities.
 
At September 27, 2025 and December 28, 2024, we had an aggregate
 
$
32
 
million and $
31
 
million,
respectively, due from our equity affiliates, and $
7
 
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 September 27, 2025, current and non-current liabilities associated
 
with related party
operating leases were $
5
 
million and $
23
 
million, respectively.
 
At September 27, 2025, related party leases
represented
6.5
% and
8.7
% 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 $
6
million and $
20
 
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.