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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
9 Months Ended
Sep. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Changes in Carrying Value of Goodwill and Other Intangible Assets (in millions)
Amortizing Intangible AssetsNon-Amortizing Intangible Assets
GoodwillTrademarks
December 31, 2023$157.9 $305.1 $462.7 
Amortization (12.1)— — 
September 29, 2024$145.8 $305.1 $462.7 
Gross Carrying Value and Accumulated Amortization of Other Intangible Assets (in millions)
September 29, 2024December 31, 2023
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Amortizing intangible assets
Franchise agreements$118.3 $(31.0)$87.3 $109.5 $(24.2)$85.3 
Customer relationships73.9 (18.2)55.7 73.9 (13.7)60.2 
Other4.1 (1.3)2.8 12.9 (0.5)12.4
$196.3 $(50.5)$145.8 $196.3 $(38.4)$157.9 
Non-amortizing intangible assets
Trademarks462.7 462.7 
Total amortizing and non-amortizing intangible assets, net$608.5 $620.6 
Amortization expense for the thirteen weeks ended September 29, 2024 and September 24, 2023 was $4.3 million and $3.8 million, respectively. Amortization expense for the thirty-nine weeks ended September 29, 2024 and September 24, 2023 was $12.1 million and $11.3 million, respectively.
The expected future amortization of definite-life intangible assets by fiscal year (in millions):
Fiscal Year:
Remainder of 2024$3.8 
202515.6 
202615.6 
202715.6 
202815.9 
   Thereafter79.3 
Total$145.8