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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 25, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities

The following table presents information about financial instruments at the balance sheet dates indicated.

 

 

 

December 25,

 

 

December 26,

 

 

 

2021

 

 

2020

 

(In millions)

 

Carrying

Amount

 

 

Fair

Value

 

 

Carrying

Amount

 

 

Fair

Value

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company-owned life insurance

 

 

137

 

 

 

137

 

 

 

147

 

 

 

147

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New Facilities loans under the Third Amended Credit

   Agreement, due 2025

 

 

100

 

 

 

100

 

 

 

100

 

 

 

100

 

Revenue bonds, due in varying amounts periodically

   through 2029

 

 

75

 

 

 

76

 

 

 

176

 

 

 

177

 

American & Foreign Power Company, Inc. 5% debentures,

   due 2030

 

 

15

 

 

 

16

 

 

 

15

 

 

 

14