Debt |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 28, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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| Debt |
3. Debt Fair Value of Debt Market risk associated with our fixed and variable rate long‑term debt relates to the potential change in fair value and negative impact to future earnings, respectively, from a change in interest rates. The aggregate fair value of debt is based primarily on our estimates of interest rates, maturities, credit risk, and underlying collateral and is classified as Level 3 within the fair value hierarchy. At March 28, 2019 and December 27, 2018, the carrying amounts and fair values of our debt were as follows:
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