FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 24, 2023

Schedule of Assets and Liabilities Measured on a Recurring Basis

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


	September 24, 2023						December 25, 2022
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(In thousands)
Assets:
Commodity derivative assets	$	5,071	$	—	$	5,071	$	17,922	$	—	$	17,922
Foreign currency derivative assets	944		—		944		555		—		555
Sales contract derivative assets	—		1,923		1,923		—		—		—
Liabilities:
Commodity derivative liabilities	(22,874)		—		(22,874)		(9,042)		—		(9,042)
Foreign currency derivative liabilities	(1,395)		—		(1,395)		(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:


	September 24, 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)	$	(704,241)	$	(900,000)	$	(726,498)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs	(992,442)		(849,070)		(991,691)		(734,349)
Fixed-rate senior notes payable at 5.875%, at Level 2 inputs	(847,119)		(841,594)		(846,582)		(846,175)
Fixed-rate senior notes payable at 6.25%, at Level 2 inputs	(993,414)		(961,630)		—		—
Variable-rate term note payable at 5.00%, at Level 3 inputs	—		—		(480,078)		(489,857)