Debt (Tables)

9 Months Ended

Sep. 27, 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):

	September 27, 2020		December 31, 2019		September 29, 2019
Unsecured commercial paper	$	1,077,763	$	571,995	$	1,013,137
364-day credit facility borrowings	150,000		—		—
	$	1,227,763	$	571,995	$	1,013,137

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): 

			September 27, 2020		December 31, 2019		September 29, 2019
Secured debt:
Asset-backed Canadian commercial paper conduit facility			$	127,500	$	114,693	$	128,368
Asset-backed U.S. commercial paper conduit facilities			467,338		490,427		552,757
Asset-backed securitization debt			2,106,258		766,965		875,966
Unamortized discounts and debt issuance costs			(9,903)		(2,573)		(3,095)
			2,691,193		1,369,512		1,553,996
Unsecured notes (at par value):
Medium-term notes:
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
Due in 2020, issued March 2017	2.40	%	—		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 2023, issued May 2020(a)	4.94	%	760,890		—		—
Due in 2024, issued November 2019(b)	3.14	%	702,360		672,936		—
Due in 2025, issued June 2020	3.35	%	700,000		—		—
Unamortized discounts and debt issuance costs			(17,289)		(12,809)		(10,409)
			4,845,961		4,760,127		4,089,591

			September 27, 2020		December 31, 2019		September 29, 2019
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			(6,194)		(6,704)		(6,873)
			743,806		743,296		743,127
			5,589,767		5,503,423		4,832,718
Long-term debt			8,280,960		6,872,935		6,386,714
Current portion of long-term debt, net			(2,109,284)		(1,748,109)		(1,779,673)
Long-term debt, net			$	6,171,676	$	5,124,826	$	4,607,041

(a)Euro denominated, €650.0 million par value remeasured to U.S. dollar at September 27, 2020

(b)Euro denominated, €600.0 million par value remeasured to U.S. dollar at September 27, 2020 and December 31, 2019, respectively