Fair Value (Tables)

3 Months Ended

Apr. 01, 2018

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 (in thousands):



	April 1, 2018
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	653,124	$	326,324	$	326,800	$	—
Marketable securities	49,402		49,402		—		—
Derivatives	3,613		—		3,613		—
Total	$	706,139	$	375,726	$	330,413	$	—
Liabilities:
Derivatives	$	22,850	$	—	$	22,850	$	—

	December 31, 2017
	Balance		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	$	—

	March 26, 2017
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	628,895	$	370,084	$	258,811	$	—
Marketable securities	46,678		41,674		5,004		—
Derivatives	12,446		—		12,446		—
Total	$	688,019	$	411,758	$	276,261	$	—
Liabilities:
Derivatives	$	1,052	$	—	$	1,052	$	—

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 (in thousands):



	April 1, 2018				December 31, 2017				March 26, 2017
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	7,195,908	$	7,126,442	$	7,021,549	$	6,965,086	$	7,225,210	$	7,146,122
Liabilities:
Unsecured commercial paper	$	1,036,976	$	1,036,976	$	1,273,482	$	1,273,482	$	953,357	$	953,357
Asset-backed U.S. commercial paper conduit facilities	$	281,311	$	281,311	$	279,457	$	279,457	$	286,205	$	286,205
Asset-backed Canadian commercial paper conduit facility	$	158,162	$	158,162	$	174,779	$	174,779	$	141,013	$	141,013
Medium-term notes	$	4,486,399	$	4,514,798	$	4,189,092	$	4,165,706	$	4,234,664	$	4,163,797
Senior unsecured notes	$	750,440	$	742,126	$	784,433	$	741,961	$	755,646	$	741,469
Asset-backed securitization debt	$	283,591	$	284,793	$	351,767	$	352,624	$	685,953	$	685,374