| Carrying Amounts and Fair Values of Certain Assets |
The following tables summarize the carrying amounts and fair values of certain assets at March 23, 2025 and December 29, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At March 23, 2025 |
|
|
|
|
|
|
Fair Value Estimated Using |
|
|
|
Carrying |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
|
Amount |
|
|
Inputs |
|
|
Inputs |
|
|
Inputs |
|
Cash equivalents |
|
$ |
253,286 |
|
|
$ |
253,286 |
|
|
$ |
— |
|
|
$ |
— |
|
Restricted cash equivalents |
|
|
116,519 |
|
|
|
116,519 |
|
|
|
— |
|
|
|
— |
|
Investments in marketable securities |
|
|
22,387 |
|
|
|
22,387 |
|
|
|
— |
|
|
|
— |
|
Advertising fund cash equivalents, restricted |
|
|
51,707 |
|
|
|
51,707 |
|
|
|
— |
|
|
|
— |
|
Investment in DPC Dash |
|
|
106,726 |
|
|
|
106,726 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 29, 2024 |
|
|
|
|
|
|
Fair Value Estimated Using |
|
|
|
Carrying |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
|
Amount |
|
|
Inputs |
|
|
Inputs |
|
|
Inputs |
|
Cash equivalents |
|
$ |
127,074 |
|
|
$ |
127,074 |
|
|
$ |
— |
|
|
$ |
— |
|
Restricted cash equivalents |
|
|
140,669 |
|
|
|
140,669 |
|
|
|
— |
|
|
|
— |
|
Investments in marketable securities |
|
|
20,638 |
|
|
|
20,638 |
|
|
|
— |
|
|
|
— |
|
Advertising fund cash equivalents, restricted |
|
|
70,350 |
|
|
|
70,350 |
|
|
|
— |
|
|
|
— |
|
Investment in DPC Dash |
|
|
82,699 |
|
|
|
82,699 |
|
|
|
— |
|
|
|
— |
|
|
| Schedule of Estimated Fair Value |
Management estimated the approximate fair values of the Company’s 2015, 2017, 2018, 2019 and 2021 notes as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 23, 2025 |
|
|
December 29, 2024 |
|
|
|
Principal Amount |
|
|
Fair Value |
|
|
Principal Amount |
|
|
Fair Value |
|
2015 Ten-Year Notes |
|
$ |
742,000 |
|
|
$ |
739,032 |
|
|
$ |
742,000 |
|
|
$ |
739,032 |
|
2017 Ten-Year Notes |
|
|
940,000 |
|
|
|
920,260 |
|
|
|
940,000 |
|
|
|
915,560 |
|
2018 7.5-Year Notes |
|
|
402,688 |
|
|
|
400,674 |
|
|
|
402,688 |
|
|
|
399,869 |
|
2018 9.25-Year Notes |
|
|
379,000 |
|
|
|
373,315 |
|
|
|
379,000 |
|
|
|
370,662 |
|
2019 Ten-Year Notes |
|
|
648,000 |
|
|
|
610,416 |
|
|
|
648,000 |
|
|
|
599,400 |
|
2021 7.5-Year Notes |
|
|
826,625 |
|
|
|
760,495 |
|
|
|
826,625 |
|
|
|
750,576 |
|
2021 Ten-Year Notes |
|
|
972,500 |
|
|
|
861,635 |
|
|
|
972,500 |
|
|
|
850,938 |
|
|