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FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended
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Mar. 28, 2021
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured on a Recurring Basis | The following items were measured at fair value on a recurring basis:
| March 28, 2021 |  | December 27, 2020
| Level 1 |  | Total |  | Level 1 |  | Total
| (In thousands)
Assets: |  |  |  |  |  |  |
Commodity futures instruments | $ | 4,171 |  |  | $ | 4,171 |  |  | $ | 13,285 |  |  | $ | 13,285 |
Commodity options instruments | 1,903 |  |  | 1,903 |  |  | 10,774 |  |  | 10,774 |
Foreign currency instruments | 2,410 |  |  | 2,410 |  |  | 2,204 |  |  | 2,204 |
Liabilities: |  |  |  |  |  |  |
Commodity futures instruments | (5,153) |  |  | (5,153) |  |  | (4,496) |  |  | (4,496) |
Commodity options instruments | (8,710) |  |  | (8,710) |  |  | (2,035) |  |  | (2,035) |
Foreign currency instruments | (7,180) |  |  | (7,180) |  |  | (428) |  |  | (428) |
Interest rate swap instrument | (538) |  |  | (538) |  |  | (640) |  |  | (640) |
Sales contract instruments | (18,104) |  |  | (18,104) |  |  | — |  |  | — |
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:
| March 28, 2021 |  | December 27, 2020
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
| (In thousands)
Fixed-rate senior notes payable at 5.75%, at Level 2 inputs | $ | (1,001,592) |  |  | $ | (1,021,700) |  |  | $ | (1,001,693) |  |  | $ | (1,024,510) |
Fixed-rate senior notes payable at 5.875%, at Level 2 inputs | (845,329) |  |  | (901,000) |  |  | (845,149) |  |  | (911,957) |
Secured loans, at Level 3 inputs | (32) |  |  | (32) |  |  | (38) |  |  | (38) |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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