FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 27, 2020

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.

	June 27,				December 28,
	2020				2019
	Carrying		Fair		Carrying		Fair
(In millions)	Amount		Value		Amount		Value
Financial assets:
Timber notes receivable	$	—	$	—	$	819	$	819
Company-owned life insurance		151		151		91		91
Financial liabilities:
Recourse debt:
Revolving credit facility, due 2025		400		400		—		—
Term Loan, due 2022		—		—		393		409
Revenue bonds, due in varying amounts periodically    through 2029		186		186		186		186
American & Foreign Power Company, Inc. 5% debentures,    due 2030		15		14		15		14
Non-recourse debt — Timber notes		—		—		735		735