XML 54 R41.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value (Tables)
 6 Months Ended
Jun. 28, 2020
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured At Fair Value On A Recurring Basis The Company’s assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):
 June 28, 2020
BalanceLevel 1Level 2
Assets:
Cash equivalents$3,572,900  $3,522,900  $50,000  
Marketable securities48,725  48,725  —  
Derivative financial instruments29,057  —  29,057  
$3,650,682  $3,571,625  $79,057  
Liabilities:
Derivative financial instruments$41,419  $—  $41,419  
 December 31, 2019
Balance Level 1Level 2
Assets:
Cash equivalents$624,832  $459,885  $164,947  
Marketable securities52,575  52,575  —  
Derivative financial instruments12,649  —  12,649  
$690,056  $512,460  $177,596  
Liabilities:
Derivative financial instruments$13,934  $—  $13,934  
 June 30, 2019
Balance Level 1Level 2
Assets:
Cash equivalents$619,600  $619,600  $—  
Marketable securities51,543  51,543  —  
Derivative financial instruments6,920  —  6,920  
$678,063  $671,143  $6,920  
Liabilities:
Derivative financial instruments$17,555  $—  $17,555  
Summary of The Fair Value and Carrying Value of The Company's Financial Instruments The fair value and carrying value of the Company’s remaining financial instruments that are measured at cost or amortized cost were as follows (in thousands):
 June 28, 2020December 31, 2019June 30, 2019
 Fair ValueCarrying ValueFair ValueCarrying ValueFair ValueCarrying Value
Assets:
Finance receivables, net$7,143,575  $6,979,991  $7,419,627  $7,374,366  $7,672,939  $7,594,405  
Liabilities:
Deposits$17,996  $17,996  $—  $—  $—  $—  
Debt:
Unsecured commercial paper$1,397,388  $1,397,388  $571,995  $571,995  $405,695  $405,695  
364-day credit facility borrowings$150,000  $150,000  $—  $—  $—  $—  
Asset-backed U.S. commercial paper conduit facilities$540,840  $540,840  $490,427  $490,427  $464,136  $464,136  
Asset-backed Canadian commercial paper conduit facility$144,661  $144,661  $114,693  $114,693  $148,740  $148,740  
Asset-backed securitization debt$2,484,956  $2,461,107  $768,094  $764,392  $1,007,205  $1,002,869  
Medium-term notes$4,805,766  $4,784,293  $4,816,153  $4,760,127  $4,719,053  $4,687,660  
Senior notes$790,355  $743,635  $774,949  $743,296  $756,243  $742,959