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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 26, 2024

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Debt Instruments

The fair values of these notes are based on quoted market prices and are considered Level 2 fair value measurements, and the carrying amounts and the fair values are as follows:

			June 26, 2024												June 28, 2023
			Carrying Amount						Fair Value						Carrying Amount						Fair Value
5.000% notes			$	349.8					$	349.6					$	349.0					$	343.5
8.250% notes			345.2						367.8						344.3						348.3

Carrying Values and Impairment Charges Recorded for Long-lived Assets

The table below presents the carrying values and related charges recorded on these impaired restaurants for the periods presented:

															Impairment Charges
			Pre-Impairment Carrying Value												Fiscal Years Ended
			June 26, 2024						June 28, 2023						June 26, 2024						June 28, 2023
Property and equipment			$	10.2					$	10.2					$	9.3					$	10.2
Reacquired franchise rights			0.4						0.3						0.4						0.3
Operating lease assets			21.4						21.4						2.5						1.5
Total			$	32.0					$	31.9					$	12.2					$	12.0

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- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-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 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 3: 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

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

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