FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 26, 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.

	September 26,				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		152		152		91		91
Financial liabilities:
Recourse debt:
New Facilities loans under the Third Amended Credit    Agreement, due 2025		100		100		—		—
Term Loan, due 2022		—		—		393		409
Revenue bonds, due in varying amounts periodically    through 2029		176		176		186		186
American & Foreign Power Company, Inc. 5% debentures,    due 2030		15		16		15		14
Non-recourse debt — Timber notes		—		—		735		735