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Long-Term Debt | 9 Months Ended
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Sep. 28, 2025
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt Long-term debt consisted of the following:
| September 28, 2025 |  | December 29, 2024
Class A-2 Notes: |  |  |
4.236% Series 2022-1 Class A-2-I Notes, anticipated repayment date 2029 | $ | 96,750 |  |  | $ | 97,500 |
4.535% Series 2022-1 Class A-2-II Notes, anticipated repayment date 2032 | 383,134 |  |  | 386,134 |
2.370% Series 2021-1 Class A-2-I Notes, anticipated repayment date 2029 | 415,394 |  |  | 418,769 |
2.775% Series 2021-1 Class A-2-II Notes, anticipated repayment date 2031 | 622,155 |  |  | 627,030 |
3.783% Series 2019-1 Class A-2-I Notes, anticipated repayment date 2026 | 350,673 |  |  | 353,673 |
4.080% Series 2019-1 Class A-2-II Notes, anticipated repayment date 2029 | 395,248 |  |  | 398,623 |
3.884% Series 2018-1 Class A-2-II Notes, anticipated repayment date 2028 | 432,787 |  |  | 436,349 |
7% debentures, due in December 2025 | 49,413 |  |  | 48,913 |
Unamortized debt issuance costs | (21,596) |  |  | (26,698) |
| 2,723,958 |  |  | 2,740,293 |
Less amounts payable within one year | (425,336) |  |  | (78,163) |
Total long-term debt | $ | 2,298,622 |  |  | $ | 2,662,130 |
Other Long-Term Debt Wendy’s U.S. advertising fund has a revolving line of credit of $15,000, which was established to support the Company’s advertising fund operations and bears interest at the Secured Overnight Financing Rate (“SOFR”) plus 2.25%. Borrowings under the line of credit are guaranteed by Wendy’s. During the three months ended March 30, 2025, the Company borrowed and repaid $15,000 and $8,500, respectively, under the revolving line of credit. During the three months ended June 29, 2025, the Company borrowed an additional $8,500 under the revolving line of credit. There were no new borrowings or repayments under the revolving line of credit during the three months ended September 28, 2025. As a result, as of September 28, 2025, the Company had outstanding borrowings of $15,000 under the revolving line of credit, which is included in “Advertising funds restricted liabilities.”

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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