Fair Value (Tables)

6 Months Ended

Jun. 30, 2019

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):

	June 30, 2019
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	$	619,600	$	619,600	$	—
Marketable securities	51,543		51,543		—
Derivatives	6,920		—		6,920
Total	$	678,063	$	671,143	$	6,920
Liabilities:
Derivatives	$	17,555	$	—	$	17,555

	December 31, 2018
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	$	998,601	$	728,800	$	269,801
Marketable securities	54,250		44,243		10,007
Derivatives	15,071		—		15,071
Total	$	1,067,922	$	773,043	$	294,879
Liabilities:
Derivatives	$	5,316	$	—	$	5,316
	July 1, 2018
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)
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

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):

	June 30, 2019				December 31, 2018				July 1, 2018
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	7,672,939	$	7,594,405	$	7,304,334	$	7,221,931	$	7,375,644	$	7,313,202
Liabilities:
Unsecured commercial paper	$	405,695	$	405,695	$	1,135,810	$	1,135,810	$	1,327,307	$	1,327,307
Asset-backed U.S. commercial paper conduit facilities	$	464,136	$	464,136	$	582,717	$	582,717	$	300,000	$	300,000
Asset-backed Canadian commercial paper conduit facility	$	148,740	$	148,740	$	155,951	$	155,951	$	166,638	$	166,638
Medium-term notes	$	4,719,053	$	4,687,660	$	4,829,671	$	4,887,007	$	4,398,478	$	4,435,449
Senior unsecured notes	$	756,243	$	742,959	$	707,198	$	742,624	$	719,152	$	742,292
Asset-backed securitization debt	$	1,007,205	$	1,002,869	$	94,974	$	95,167	$	168,941	$	169,430