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Debt
6 Months Ended
Jun. 28, 2020
Debt Disclosure [Abstract]  
Debt Debt
Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following (in thousands):
June 28,
2020
December 31,
2019
June 30,
2019
Unsecured commercial paper$1,397,388  $571,995  $405,695  
364-day credit facility borrowings150,000  —  —  
$1,547,388  $571,995  $405,695  
Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following (in thousands): 
June 28,
2020
December 31,
2019
June 30,
2019
Secured debt:
Asset-backed Canadian commercial paper conduit facility$144,661  $114,693  $148,740  
Asset-backed U.S. commercial paper conduit facilities540,840  490,427  464,136  
Asset-backed securitization debt2,472,529  766,965  1,006,410  
Unamortized discounts and debt issuance costs(11,422) (2,573) (3,541) 
3,146,608  1,369,512  1,615,745  
Unsecured notes (at par value):
Medium-term notes:
Due in 2019, issued September 20142.40 %—  —  600,000  
Due in 2020, issued February 20152.15 %—  600,000  600,000  
Due in 2020, issued May 2018
LIBOR + 0.50%
—  450,000  450,000  
Due in 2020, issued March 20172.40 %—  350,000  350,000  
Due in 2021, issued January 20162.85 %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 20183.55 %350,000  350,000  350,000  
Due in 2022, issued February 20194.05 %550,000  550,000  550,000  
Due in 2022, issued June 20172.55 %400,000  400,000  400,000  
Due in 2023, issued February 20183.35 %350,000  350,000  350,000  
Due in 2023, issued May 2020(a)
4.94 %729,885  —  —  
Due in 2024, issued November 2019(b)
3.14 %673,740  672,936  —  
Due in 2025, issued June 20203.35 %700,000  —  —  
Unamortized discounts and debt issuance costs(19,332) (12,809) (12,340) 
4,784,293  4,760,127  4,687,660  
June 28,
2020
December 31,
2019
June 30,
2019
Senior notes:
Due in 2025, issued July 20153.50 %450,000  450,000  450,000  
Due in 2045, issued July 20154.625 %300,000  300,000  300,000  
Unamortized discounts and debt issuance costs(6,365) (6,704) (7,041) 
743,635  743,296  742,959  
5,527,928  5,503,423  5,430,619  
Long-term debt8,674,536  6,872,935  7,046,364  
Current portion of long-term debt, net(2,186,037) (1,748,109) (2,396,188) 
Long-term debt, net$6,488,499  $5,124,826  $4,650,176  
(a)Euro denominated, €650.0 million par value remeasured to U.S. dollar at June 28, 2020
(b)Euro denominated, €600.0 million par value remeasured to U.S. dollar at June 28, 2020 and December 31, 2019, respectively