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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 28, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities

The following table presents information about financial instruments at the balance sheet dates indicated.

 

 

 

December 28,

 

 

December 30,

 

 

 

2024

 

 

2023

 

(In millions)

 

Carrying
Amount

 

 

Fair
Value

 

 

Carrying
Amount

 

 

Fair
Value

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Company-owned life insurance

 

$

132

 

 

$

132

 

 

$

138

 

 

$

138

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

New Facilities loans under the Third Amended Credit
   Agreement, due
2025

 

 

 

 

 

 

 

 

53

 

 

 

53

 

Revolving Loan Facility loans under the Fourth Amended
   Credit Agreement, due
2029

 

 

160

 

 

 

160

 

 

 

 

 

 

 

Revenue bonds, due in varying amounts periodically
   through
2029

 

 

75

 

 

 

76

 

 

 

75

 

 

 

76

 

American & Foreign Power Company, Inc. 5% debentures,
   due
2030

 

 

16

 

 

 

16

 

 

 

16

 

 

 

14