FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 29, 2024

Schedule of Assets and Liabilities Measured on a Recurring Basis

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


	September 29, 2024						December 31, 2023
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(In thousands)
Assets:
Fixed income securities	$	1,739,734	$	—	$	1,739,734	$	324,947	$	—	$	324,947
Commodity derivative assets	9,349		—		9,349		1,202		—		1,202
Foreign currency derivative assets	1,299		—		1,299		175		—		175
Sales contract derivative assets	—		678		678		—		960		960
Liabilities:
Commodity derivative liabilities	(4,503)		—		(4,503)		(17,118)		—		(17,118)
Foreign currency derivative liabilities	(226)		—		(226)		(723)		—		(723)

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 29, 2024				December 31, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Fixed-rate senior notes payable at 3.50%, at Level 2 inputs	$	(900,000)	$	(796,698)	$	(900,000)	$	(760,203)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs	(850,129)		(814,779)		(992,711)		(902,650)
Fixed-rate senior notes payable at 6.25%, at Level 2 inputs	(974,217)		(1,041,809)		(993,595)		(1,029,020)
Fixed-rate senior notes payable at 6.875%, at Level 2 inputs	(491,099)		(554,825)		(490,408)		(540,230)