(9) Long-Term Debt

Components of long-term debt are as follows:

	2012				2011
	Carrying Cost		Fair Value		Carrying Cost		Fair Value

6.35% Notes Due 2040	$	500,000		615,650		500,000		540,850
6.125% Notes Due 2014		436,526		455,175		440,977		462,868
6.30% Notes Due 2017		350,000		399,700		350,000		400,400
6.60% Debentures Due 2028		109,895		129,687		109,895		120,148
Total long-term debt	$	1,396,421		1,600,212		1,400,872		1,524,266

The carrying cost of the 6.125% Notes Due 2014 include principal amounts of $425,000 as well as fair value adjustments of $11,526 and $15,977 at December 30, 2012 and December 25, 2011, respectively, related to interest rate swaps. The interest rate swaps were terminated in November 2012 and the fair value adjustment at December 30, 2012 represents the unamortized portion of the fair value of the interest rate swaps at the date of termination. All other carrying costs represent principal amounts. Total principal amounts of long-term debt at December 30, 2012 and December 25, 2011 were $1,384,895.

The fair values of the Company's long-term debt are considered Level 3 fair values (see Note 12 for further discussion of the fair value hierarchy) and are measured using the discounted future cash flows method. In addition to the debt terms, the valuation methodology includes an assumption of a discount rate that approximates the current yield on a similar debt security. This assumption is considered an unobservable input in that it reflects the Company's own assumptions about the inputs that market participants would use in pricing the asset or liability. The Company believes that this is the best information available for use in the fair value measurement.

Interest rates for the 6.125% Notes Due 2014 and the 6.30% Notes Due 2017 may be adjusted upward in the event that the Company's credit rating from Moody's Investor Services, Inc., Standard & Poor's Ratings Services or Fitch Ratings is reduced to Ba1, BB+, or BB+, respectively, or below. At December 30, 2012, the Company's ratings from Moody's Investor Services, Inc., Standard & Poor's Rating Services and Fitch ratings were Baa2, BBB+, and BBB+, respectively. The interest rate adjustment is dependent on the degree of decrease of the Company's ratings and could range from 0.25% to a maximum of 2.00%. The Company may redeem these notes at its option at the greater of the principal amount of these notes or the present value of the remaining scheduled payments discounted using the effective interest rate on applicable U.S. Treasury bills at the time of repurchase.

The Company was party to a series of interest rate swap agreements to adjust the amount of debt that is subject to fixed interest rates. In November 2012, these interest rate swap agreements were terminated. The fair value was recorded as an adjustment to long-term debt and is being amortized through the statement of operations over the life of the related debt using a straight-line method. At December 30, 2012, this adjustment to long-term debt is $11,526. The interest rate swaps were matched with the 6.125% Notes Due 2014 and accounted for as fair value hedges of those notes. The interest rate swaps had a total notional amount of $400,000 with maturities in 2014. In each of the contracts, the Company received payments based upon a fixed interest rate of 6.125%, which matched the interest rate of the notes being hedged, and made payments based upon a floating rate based on Libor. These contracts were designated and effective as hedges of the change in the fair value of the associated debt. At December 25, 2011, the fair value of these contracts was an asset of $15,977 which was recorded in other assets with a corresponding fair value adjustment to increase long-term debt. The Company recorded a (gain) loss of $3,095, $(3,191) and $(15,511) on these instruments in other (income) expense, net for the years ended December 30, 2012, December 25, 2011 and December 26, 2010, respectively, relating to the change in fair value of the interest rate swaps, wholly offsetting gains and losses from the change in fair value of the associated long-term debt.

At December 30, 2012, as detailed above, the Company's 6.125% Notes mature in 2014 and 6.30% Notes mature in 2017. All of the Company's other long-term borrowings have contractual maturities that occur subsequent to 2017. The aggregate principal amount of long-term debt maturing in the next five years is $775,000.