FAIR VALUE MEASUREMENT (Tables)

6 Months Ended

Jun. 25, 2023

Schedule of Assets and Liabilities Measured on a Recurring Basis

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


	June 25, 2023						December 25, 2022
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(In thousands)
Assets:
Commodity derivative assets	$	10,706	$	—	$	10,706	$	17,922	$	—	$	17,922
Foreign currency derivative assets	1,312		—		1,312		555		—		555
Liabilities:
Commodity derivative liabilities	(34,882)		—		(34,882)		(9,042)		—		(9,042)
Foreign currency derivative liabilities	(4,484)		—		(4,484)		(6,170)		—		(6,170)
Sales contract derivative liabilities	—		(1,178)		(1,178)		—		(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:


	June 25, 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)	$	(713,439)	$	(900,000)	$	(726,498)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs	(992,195)		(849,990)		(991,691)		(734,349)
Fixed-rate senior notes payable at 5.875%, at Level 2 inputs	(846,940)		(834,122)		(846,582)		(846,175)
Fixed-rate senior notes payable at 6.25%, at Level 2 inputs	(993,238)		(975,490)		—		—
Variable-rate term note payable at 5.00%, at Level 3 inputs	—		—		(480,078)		(489,857)