Subsequent Event (Notes)

3 Months Ended

Mar. 26, 2022

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Event

On April 1, 2022, the Company filed Articles of Amendment to its Restated Articles of Incorporation in order to effect a 5-for-1 stock split of the Company’s common stock, par value $1.00 per share (Common Stock), and an increase in the number of authorized shares of Common Stock from 1,000,000,000 to 4,000,000,000 shares, effective as of the close of business April 14, 2022. In accordance with Section 607.10025 of the Florida Business Corporation Act, the Articles of Amendment were approved by the Company’s Board of Directors on April 1, 2022 without the need for stockholder approval.

On April 1, 2022, the Company declared a post-split quarterly dividend on its common stock of $0.09 per share or $307,400,000, payable May 2, 2022 to stockholders of record as of the close of business April 15, 2022. The post-split quarterly dividend of $0.09 per share is equivalent to a pre-split quarterly dividend of $0.45 per share.