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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 29, 2025
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.

 

 

March 29,

 

 

December 28,

 

 

 

2025

 

 

2024

 

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

(In millions)

 

Amount

 

 

Value

 

 

Amount

 

 

Value

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Company-owned life insurance

 

$

131

 

 

$

131

 

 

$

132

 

 

$

132

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

142

 

 

 

142

 

 

 

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

 

 

 

15

 

 

 

16

 

 

 

16