Fair Value (Tables)

6 Months Ended

Jul. 01, 2018

Fair Value Disclosures [Abstract]

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):

	July 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	$	691,983	$	446,454	$	245,529	$	—
Marketable securities	49,537		49,537		—		—
Derivatives	13,446		—		13,446		—
Total	$	754,966	$	495,991	$	258,975	$	—
Liabilities:
Derivatives	$	625	$	—	$	625	$	—
	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	$	—
	June 25, 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	$	625,485	$	375,550	$	249,935	$	—
Marketable securities	44,156		44,156		—		—
Derivatives	458		—		458		—
Total	$	670,099	$	419,706	$	250,393	$	—
Liabilities:
Derivatives	$	4,865	$	—	$	4,865	$	—

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):

	July 1, 2018				December 31, 2017				June 25, 2017
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	7,375,644	$	7,313,202	$	7,021,549	$	6,965,086	$	7,401,974	$	7,332,535
Liabilities:
Unsecured commercial paper	$	1,327,307	$	1,327,307	$	1,273,482	$	1,273,482	$	928,445	$	928,445
Asset-backed U.S. commercial paper conduit facilities	$	300,000	$	300,000	$	279,457	$	279,457	$	279,833	$	279,833
Asset-backed Canadian commercial paper conduit facility	$	166,638	$	166,638	$	174,779	$	174,779	$	138,739	$	138,739
Medium-term notes	$	4,398,478	$	4,435,449	$	4,189,092	$	4,165,706	$	4,623,146	$	4,562,403
Senior unsecured notes	$	719,152	$	742,292	$	784,433	$	741,961	$	773,084	$	741,633
Asset-backed securitization debt	$	168,941	$	169,430	$	351,767	$	352,624	$	521,956	$	521,300