XML 50 R39.htm IDEA: XBRL DOCUMENT v3.22.1

FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 27, 2022

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 27, 2022																		December 26, 2021
			Level 1						Level 2						Total						Level 1						Level 2						Total
			(In thousands)
Assets:
Commodity derivative assets			$	37,563					$	—					$	37,563					$	17,567					$	—					$	17,567
Foreign currency derivative assets			768						—						768						518						—						518
Liabilities:
Commodity derivative liabilities			(22,860)						—						(22,860)						(14,119)						—						(14,119)
Foreign currency derivative liabilities			(12,197)												(12,197)						(4,958)						—						(4,958)
Interest rate swap derivative liabilities			—						—						—						—						(98)						(98)
Sales contract derivative liabilities			—						(21,357)						(21,357)						—						(12,691)						(12,691)

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 27, 2022												December 26, 2021
			Carrying Amount						Fair Value						Carrying Amount						Fair Value
			(In thousands)
Fixed-rate senior notes payable at 3.50%, at Level 2 inputs			$	(900,000)					$	(782,721)					$	(900,000)					$	(915,120)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs			(990,941)						(913,380)						(990,691)						(1,055,140)
Fixed-rate senior notes payable at 5.875%, at Level 2 inputs			(846,045)						(853,562)						(845,866)						(900,193)
Secured loans, at Level 3 inputs			—						—						(3)						(3)

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