Fair Value (Tables)

9 Months Ended

Sep. 29, 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):

	September 29, 2019
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	624,789	$	496,900	$	127,889
Marketable securities	49,821		49,821		—
Derivatives instruments	11,971		—		11,971
	$	686,581	$	546,721	$	139,860
Liabilities:
Derivatives instruments	$	12,589	$	—	$	12,589
	December 31, 2018
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	998,601	$	728,800	$	269,801
Marketable securities	54,250		44,243		10,007
Derivatives instruments	15,071		—		15,071
	$	1,067,922	$	773,043	$	294,879
Liabilities:
Derivatives instruments	$	5,316	$	—	$	5,316
	September 30, 2018
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	687,956	$	446,300	$	241,656
Marketable securities	59,843		49,832		10,011
Derivatives instruments	12,531		—		12,531
	$	760,330	$	496,132	$	264,198
Liabilities:
Derivatives instruments	$	931	$	—	$	931

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):

	September 29, 2019				December 31, 2018				September 30, 2018
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	7,561,797	$	7,515,580	$	7,304,334	$	7,221,931	$	7,394,684	$	7,303,562
Liabilities:
Unsecured commercial paper	$	1,013,137	$	1,013,137	$	1,135,810	$	1,135,810	$	1,373,859	$	1,373,859
Asset-backed U.S. commercial paper conduit facilities	$	552,757	$	552,757	$	582,717	$	582,717	$	265,044	$	265,044
Asset-backed Canadian commercial paper conduit facility	$	128,368	$	128,368	$	155,951	$	155,951	$	149,418	$	149,418
Medium-term notes	$	4,138,941	$	4,089,591	$	4,829,671	$	4,887,007	$	4,386,030	$	4,437,279
Senior unsecured notes	$	773,434	$	743,127	$	707,198	$	742,624	$	707,252	$	742,458
Asset-backed securitization debt	$	877,423	$	872,871	$	94,974	$	95,167	$	127,906	$	128,474