Debt (Tables)

9 Months Ended

Sep. 24, 2017

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Debt with a contractual term of one year or less is generally classified as short-term debt and consisted of the following (in thousands):

	September 24, 2017		December 31, 2016		September 25, 2016
Unsecured commercial paper	$	834,875	$	1,055,708	$	1,055,428
Total short-term debt	$	834,875	$	1,055,708	$	1,055,428

Schedule of Long-term Debt Instruments

Debt with a contractual term greater than one year is generally classified as long-term debt and consisted of the following (in thousands):

	September 24, 2017			December 31, 2016			September 25, 2016
Secured debt (Note 10)
Asset-backed Canadian commercial paper conduit facility	$	122,130		$	149,338		$	140,488
Asset-backed U.S. commercial paper conduit facilities	280,308			—			—
Asset-backed securitization debt	430,457			797,755			927,539
Less: unamortized discount and debt issuance costs	(624		)	(1,480		)	(1,920		)
Total secured debt	832,271			945,613			1,066,107
Unsecured notes
2.70% Medium-term notes due in 2017 par value, issued January 2012	—			400,000			400,000
1.55% Medium-term notes due in 2017 par value, issued November 2014	400,000			400,000			400,000
6.80% Medium-term notes due in 2018 par value, issued May 2008	877,488			877,488			877,488
2.25% Medium-term notes due in 2019 par value, issued January 2016	600,000			600,000			600,000
Floating-rate Medium-term notes due in 2019 par value, issued March 2017	150,000			—			—
2.40% Medium-term notes due in 2019 par value, issued September 2014	600,000			600,000			600,000
2.15% Medium-term notes due in 2020 par value, issued February 2015	600,000			600,000			600,000
2.40% Medium-term notes due in 2020 par value, issued March 2017	350,000			—			—
2.85% Medium-term notes due in 2021 par value, issued January 2016	600,000			600,000			600,000
2.55% Medium-term notes due in 2022 par value, issued June 2017	400,000			—			—
3.50% Senior unsecured notes due in 2025 par value, issued July 2015	450,000			450,000			450,000
4.625% Senior unsecured notes due in 2045 par value, issued July 2015	300,000			300,000			300,000
Less: unamortized discount and debt issuance costs	(21,567		)	(21,242		)	(22,834		)
Gross long-term debt	6,138,192			5,751,859			5,870,761
Less: current portion of long-term debt, net of unamortized discount and debt issuance costs	(1,530,401		)	(1,084,884		)	(700,152		)
Total long-term debt	$	4,607,791		$	4,666,975		$	5,170,609