XML 63 R39.htm IDEA: XBRL DOCUMENT v3.21.2

FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 26, 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:

			September 26, 2021																		December 27, 2020
			Level 1						Level 2						Total						Level 1						Level 2						Total
			(In thousands)
Assets:
Commodity derivative assets			$	8,443					$	—					$	8,443					$	24,059					$	—					$	24,059
Foreign currency derivative assets			1,814						—						1,814						2,204						—						2,204
Sales contract derivative assets			—						2,201						2,201						—						—						—
Liabilities:
Commodity derivative liabilities			(29,744)						—						(29,744)						(6,531)						—						(6,531)
Foreign currency derivative liabilities			(139)						—						(139)						(428)						—						(428)
Interest rate swap derivative liabilities			—						(345)						(345)						(640)						—						(640)

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:

			September 26, 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			$	—					$	—					$	(1,001,693)					$	(1,024,510)
Fixed-rate senior notes payable at 5.875%, at Level 2 inputs			(845,687)						(906,313)						(845,149)						(911,957)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs			(990,440)						(1,075,000)						—						—
Fixed-rate senior notes payable at 3.50%, at Level 2 inputs			(900,000)						(924,003)						—						—
Secured loans, at Level 3 inputs			(13)						(13)						(38)						(38)

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=123874694&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=123874694&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration