FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 27, 2020

Schedule of Assets and Liabilities Measured on a Recurring Basis

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


	September 27, 2020				December 29, 2019
	Level 1		Total		Level 1		Total
	(In thousands)
Assets:
Commodity futures instruments	$	5,327	$	5,327	$	4,147	$	4,147
Commodity options instruments	7,312		7,312		906		906
Foreign currency instruments	7,919		7,919		426		426
Liabilities:
Commodity futures instruments	(2,957)		(2,957)		(4,797)		(4,797)
Commodity options instruments	(3,122)		(3,122)		(633)		(633)
Foreign currency instruments	(316)		(316)		(5,400)		(5,400)
Interest rate swap instrument	(780)		(780)		—		—

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:


	September 27, 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	$	(1,001,793)	$	(1,018,880)	$	(1,002,095)	$	(1,034,200)
Fixed-rate senior notes payable at 5.875%, at Level 1 inputs	(844,972)		(875,500)		(844,433)		(919,505)
Secured loans, at Level 3 inputs	(64)		(64)		(948)		(939)