Debt |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 27, 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 June 27, 2019 and December 27, 2018, the carrying amounts and fair values of our debt were as follows:
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