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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 24, 2022
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 24,

 

 

December 25,

 

 

 

2022

 

 

2021

 

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

(In millions)

 

Amount

 

 

Value

 

 

Amount

 

 

Value

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company-owned life insurance

 

 

138

 

 

 

138

 

 

 

137

 

 

 

137

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New Facilities loans under the Third Amended Credit

   Agreement, due 2025

 

 

57

 

 

 

57

 

 

 

100

 

 

 

100

 

Revenue bonds, due in varying amounts periodically

   through 2029

 

 

75

 

 

 

76

 

 

 

75

 

 

 

76

 

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

   due 2030

 

 

15

 

 

 

14

 

 

 

15

 

 

 

16