FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 26, 2023

Schedule of Assets and Liabilities Measured on a Recurring Basis

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


	March 26, 2023						December 25, 2022
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(In thousands)
Assets:
Commodity derivative assets	$	8,333	$	—	$	8,333	$	17,922	$	—	$	17,922
Foreign currency derivative assets	5,600		—		5,600		555		—		555
Sales contract derivative assets	—		459		459		—		—		—
Liabilities:
Commodity derivative liabilities	(26,437)		—		(26,437)		(9,042)		—		(9,042)
Foreign currency derivative liabilities	(405)		—		(405)		(6,170)		—		(6,170)
Sales contract derivative liabilities	—		—		—		—		(3,705)		(3,705)

Schedule of Carrying Amounts and Estimated Fair Values of Fixed-Rate Debt Obligation

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


	March 26, 2023				December 25, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Fixed-rate senior notes payable at 3.50%, at Level 2 inputs	$	(900,000)	$	(715,761)	$	(900,000)	$	(726,498)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs	(991,942)		(843,149)		(991,691)		(734,349)
Fixed-rate senior notes payable at 5.875%, at Level 2 inputs	(846,761)		(835,720)		(846,582)		(846,175)
Variable-rate term note payable at 5.00%, at Level 3 inputs	(473,750)		(501,774)		(480,078)		(489,857)
Variable-rate swingline note payable at 7.89%, at Level 3 inputs	(35,000)		(35,000)		—		—