v3.25.4
Intangible Assets (Tables)
 12 Months Ended
Dec. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets, Net
A summary of our amortizable intangible assets is as follows:
 202520242023
Average
Useful Life (Years)		GrossAccumulated
Amortization 		Net GrossAccumulated
Amortization 		Net
Acquired franchise rights
56 – 60
$835 $(244)$591 $821 $(223)$598 
Customer relationships (a)
15 – 24
773 (347)426 565 (279)286 
Brands
20 – 40
1,084 (1,021)63 1,051 (977)74 
Other identifiable intangibles
10 – 24
433 (294)139 420 (276)144 
Total$3,125 $(1,906)$1,219 $2,857 $(1,755)$1,102 
Amortization expense $83 $74 $75 
(a)Increase is primarily related to acquisitions of poppi and Siete. See Note 13 for further information on acquisitions.
Future Amortization of Intangible Assets
Amortization is recognized on a straight-line basis over an intangible asset’s estimated useful life. Amortization of intangible assets for each of the next five years, based on existing intangible assets as of December 27, 2025 and using average 2025 foreign exchange rates, is expected to be as follows:
20262027202820292030
Five-year projected amortization$78 $74 $73 $72 $63 
Schedule of Goodwill
The change in the book value of goodwill is as follows:
PFNAPBNAIB Franchise
EMEA(a)
LatAm FoodsAsia Pacific FoodsTotal
Balance as of December 30, 2023
$642 $11,961 $1,986 $2,382 $393 $364 $17,728 
Acquisitions (b)
159 — — — — 3 162 
Translation and other(10)(36)(68)(188)(39)(15)(356)
Balance as of December 28, 2024
791 11,925 1,918 2,194 354 352 17,534 
Acquisitions (b)
625 179 — — — — 804 
Translation and other6 21 3 494 31 23 578 
Balance as of December 27, 2025
$1,422 $12,125 $1,921 $2,688 $385 $375 $18,916 
(a)Translation and other in 2024 primarily reflects the depreciation of the Russian ruble and euro. Translation and other in 2025 primarily reflects appreciation of the Russian ruble, euro and South African rand.
(b)Primarily related to the acquisitions of Sabra in 2024 and Siete in 2025 in our PFNA segment and poppi in our PBNA segment. See Note 13 for further information on acquisitions.
Schedule of Indefinite-Lived Intangible Assets
The components of indefinite-lived intangible assets are as follows:
20252024
Goodwill$18,916 $17,534 
Other indefinite-lived intangible assets
Reacquired franchise rights7,542 7,437 
Acquired franchise rights (a)
2,099 1,858 
Brands (b)
4,206 4,404 
Total indefinite-lived intangible assets$32,763 $31,233 
(a)Increase is primarily related to acquired distribution rights for the Alani Nu brand.
(b)Decrease is primarily related to impairments of the Rockstar and Be & Cheery brands as well as the sale of the Rockstar brand in connection with the transaction described above, partially offset by acquisitions of poppi and Siete. See Note 13 for further information on acquisitions.