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SALE OF RECEIVABLES (Tables) | 6 Months Ended
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Jul. 03, 2026
Receivables [Abstract] |
Schedule of receivables sold | The fair value of the sold receivables approximated their book value due to their short-term nature.
|  |  |  |  |  |  | As of and for the |  |  |  |  |  |
|  |  |  |  |  | Six Months Ended |  |  |  |
|  |  |  |  |  |  |  |  |  | July 3, |  | June 27, |  |  |  |  |  |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  | 2026 |  | 2025 |  |  |  |  |  |  |  |
Beginning balance: |  |  |  |  |  |  |  |  |  | $ | 276,720 |  |  | $ | 218,897 |  |  |  |  |  |  |  |  |
Sale of receivables |  |  |  |  |  |  |  |  |  | 2,034,406 |  |  | 1,708,624 |  |  |  |  |  |  |  |  |
Cash collections |  |  |  |  |  |  |  |  |  | (2,177,281) |  |  | (1,699,604) |  |  |  |  |  |  |  |  |
Outstanding balance sold to MUFG 1 |  |  |  |  |  |  |  |  |  | 133,845 |  |  | 227,917 |  |  |  |  |  |  |  |  |
Cash collected, not remitted to MUFG 2 |  |  |  |  |  |  |  |  |  | (20,841) |  |  | (77,963) |  |  |  |  |  |  |  |  |
Remaining sold receivables |  |  |  |  |  |  |  |  |  | $ | 113,004 |  |  | $ | 149,954 |  |  |  |  |  |  |  |  |
1 For the six months ended July 3, 2026, the Company recorded a net cash outflow, excluding fees, from sale of receivables of $142.9 million from operating activities.
2 Includes the cash collected on behalf of, but not yet remitted to, MUFG as of July 3, 2026. This balance is included in other accrued liabilities as of the balance sheet date.

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- Definition Tabular disclosure of derecognized financial assets from transactions which comprise an initial transfer and an agreement entered into in contemplation of the initial transfer resulting in retention of substantially all of the exposure to the economic return throughout the term of the transaction. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 860 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 108 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481296/860-20-55-108 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4D -Publisher FASB -URI https://asc.fasb.org/1943274/2147481326/860-20-50-4D + Details
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