FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 28, 2020

Schedule of Assets and Liabilities Measured on a Recurring Basis

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


	June 28, 2020						December 29, 2019
	Level 1		Total		Level 1		Total
	(In thousands)
Assets:
Commodity futures instruments	$	10,845	$	10,845	$	4,147	$	4,147
Commodity options instruments	636		636		906		906
Foreign currency instruments	13,911		13,911		426		426
Liabilities:
Commodity futures instruments	(21,083)		(21,083)		(4,797)		(4,797)
Commodity options instruments	(4,241)		(4,241)		(633)		(633)
Foreign currency instruments	(504)		(504)		(5,400)		(5,400)
Interest rate swap instrument	(931)		(931)		—		—

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:


	June 28, 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	$	(1,001,894)	$	(1,002,500)	$	(1,002,095)	$	(1,034,200)
Fixed-rate senior notes payable at 5.875%, at Level 1 inputs	(844,792)		(850,910)		(844,433)		(919,505)
Secured loans, at Level 3 inputs	(136)		(135)		(948)		(939)