FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 29, 2020

Schedule of Assets and Liabilities Measured on a Recurring Basis

The following items were measured at fair value on a recurring basis:


	March 29, 2020						December 29, 2019
	Level 1		Total		Level 1		Total
	(In thousands)
Assets:
Commodity futures instruments	$	10,602	$	10,602	$	4,147	$	4,147
Commodity options instruments	1,942		1,942		906		906
Foreign currency instruments	12,053		12,053		426		426
Liabilities:
Commodity futures instruments	(12,321)		(12,321)		(4,797)		(4,797)
Commodity options instruments	(5,667)		(5,667)		(633)		(633)
Foreign currency instruments	(98)		(98)		(5,400)		(5,400)

Schedule of Fair Value and Carrying Value of Debt Obligations

The carrying amounts and estimated fair values of our fixed-rate debt obligation recorded in the Condensed Consolidated Balance Sheets consisted of the following:


	March 29, 2020						December 29, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Fixed-rate senior notes payable at 5.75%, at Level 1 inputs	$	(1,001,994)	$	(985,000)	$	(1,002,095)	$	(1,034,200)
Fixed-rate senior notes payable at 5.875%, at Level 1 inputs	(844,613)		(851,250)		(844,433)		(919,505)
Secured loans, at Level 3 inputs	(437)		(433)		(948)		(939)