Debt (Tables)

3 Months Ended

Mar. 29, 2020

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following (in thousands):

	March 29, 2020		December 31, 2019		March 31, 2019
Unsecured commercial paper	$	1,335,664	$	571,995	$	1,192,925

Schedule of Long-term Debt Instruments

Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following (in thousands): 

	March 29, 2020		December 31, 2019		March 31, 2019
Secured debt:
Asset-backed Canadian commercial paper conduit facility	$	155,243	$	114,693	$	142,676
Asset-backed U.S. commercial paper conduit facilities	600,000		490,427		526,947
Asset-backed securitization debt	1,161,047		766,965		18,712
Unamortized discounts and debt issuance costs	(4,202)		(2,573)		(18)
	1,912,088		1,369,512		688,317

			March 29, 2020		December 31, 2019		March 31, 2019
Unsecured notes (at par value):
Medium-term notes:
Due in 2019, issued September 2014	2.40	%	—		—		600,000
Due in 2020, issued February 2015	2.15	%	—		600,000		600,000
Due in 2020, issued May 2018	LIBOR + 0.50%		450,000		450,000		450,000
Due in 2020, issued March 2017	2.40	%	350,000		350,000		350,000
Due in 2021, issued January 2016	2.85	%	600,000		600,000		600,000
Due in 2021, issued November 2018	LIBOR + 0.94%		450,000		450,000		450,000
Due in 2021, issued May 2018	3.55	%	350,000		350,000		350,000
Due in 2022, issued February 2019	4.05	%	550,000		550,000		550,000
Due in 2022, issued June 2017	2.55	%	400,000		400,000		400,000
Due in 2023, issued February 2018	3.35	%	350,000		350,000		350,000
Due in 2024, issued November 2019(a)	3.14	%	660,030		672,936		—
Unamortized discounts and debt issuance costs			(11,046)		(12,809)		(14,364)
			4,148,984		4,760,127		4,685,636
Senior notes:
Due in 2025, issued July 2015	3.50	%	450,000		450,000		450,000
Due in 2045, issued July 2015	4.625	%	300,000		300,000		300,000
Unamortized discounts and debt issuance costs			(6,534)		(6,704)		(7,209)
			743,466		743,296		742,791
			4,892,450		5,503,423		5,428,427
Long-term debt			6,804,538		6,872,935		6,116,744
Current portion of long-term debt, net			(2,326,460)		(1,748,109)		(1,372,050)
Long-term debt, net			$	4,478,078	$	5,124,826	$	4,744,694

(a)Euro denominated, €600.0 million par value remeasured to U.S. dollar at March 29, 2020 and December 31, 2019, respectively