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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 28, 2019
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 29,

 

 

 

2019

 

 

2018

 

(In millions)

 

Carrying

Amount

 

 

Fair

Value

 

 

Carrying

Amount

 

 

Fair

Value

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Timber notes receivable

 

$

819

 

 

$

819

 

 

$

842

 

 

$

835

 

Company-owned life insurance

 

 

91

 

 

 

91

 

 

 

91

 

 

 

91

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recourse debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan, due 2022

 

 

393

 

 

 

409

 

 

 

463

 

 

 

490

 

Revenue bonds, due in varying amounts periodically

   through 2029

 

 

186

 

 

 

186

 

 

 

186

 

 

 

184

 

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

   due 2030

 

 

15

 

 

 

14

 

 

 

14

 

 

 

14

 

Non-recourse debt — Timber notes

 

 

735

 

 

 

735

 

 

 

754

 

 

 

750