Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31 (in thousands):



	2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	488,432	$	358,500	$	129,932	$	—
Marketable securities	48,006		48,006		—		—
Derivatives	1,769		—		1,769		—
Total	$	538,207	$	406,506	$	131,701	$	—
Liabilities:
Derivatives	$	21,308	$	—	$	21,308	$	—



	2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	531,519	$	426,266	$	105,253	$	—
Marketable securities	43,638		38,119		5,519		—
Derivatives	29,034		—		29,034		—
Total	$	604,191	$	464,385	$	139,806	$	—
Liabilities:
Derivatives	$	142	$	—	$	142	$	—

Summary Of The Fair Value And Carrying Value Of The Company's Financial Instruments

The following table summarizes the fair value and carrying value of the Company’s remaining financial instruments that are measured at cost or amortized cost at December 31 (in thousands):



	2017				2016
	Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	7,021,549	$	6,965,086	$	6,921,037	$	6,835,458
Liabilities:
Unsecured commercial paper	$	1,273,482	$	1,273,482	$	1,055,708	$	1,055,708
Asset-backed U.S. commercial paper conduit facilities	$	279,457	$	279,457	$	—	$	—
Asset-backed Canadian commercial paper conduit facility	$	174,779	$	174,779	$	149,338	$	149,338
Medium-term notes	$	4,189,092	$	4,165,706	$	4,139,462	$	4,064,940
Senior unsecured notes	$	784,433	$	741,961	$	744,552	$	741,306
Asset-backed securitization debt	$	351,767	$	352,624	$	797,688	$	796,275