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New Accounting Standards (Notes)
 12 Months Ended
Dec. 28, 2024
Accounting Policies [Abstract]  
New Accounting Standards [Text Block] NEW ACCOUNTING STANDARDS
The FASB has issued the following Accounting Standards Update (“ASU”) that the Company has adopted. The following is a summary of the new standard.
StandardDescriptionEffect on the Financial Statements
ASU 2023-07, Improvements to Reportable Segment DisclosuresRequires entities disclose on an annual and interim basis significant segment expense, including an amount and composition description for other segment items, and how reported measures of profit or loss are used by the chief operating decision maker in assessing segment performance and deciding how to allocate resources.The Company adopted ASU 2023-07 for the year-ended December 28, 2024 and applied it retrospectively to all prior periods presented. Refer to Note 18, "Business Segments."
The FASB has issued the following ASUs that the Company has not yet adopted. The following is a summary of the new standards and anticipated impact of adopting these new standards.
StandardDescriptionEffect on the Financial Statements
ASU 2023-09, Improvements to Income Tax DisclosuresRequires annual disclosures of prescribed standard categories for the components of the effective tax rate reconciliation, disclosure of income taxes paid disaggregated by jurisdiction, and other income-tax related disclosures. The ASU is effective on a prospective basis, with retrospective application permitted, for fiscal years after December 15, 2024.The Company is evaluating the impact of the new standard on its Consolidated Financial Statements.
ASU 2024-03, Disaggregation of Income Statement ExpensesRequires disclosure about the types of costs and expenses included in certain expense captions presented on the income statement. The ASU is effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The amendments in ASU 2024-03 should be applied either prospectively to financial statements issued for reporting periods after the effective date or retrospectively to any or all prior periods presented in the financial statements. The Company is evaluating the impact of the new standard on its Consolidated Financial Statements.