Fair Value (Tables)

12 Months Ended

Dec. 31, 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 as of December 31, were as follows (in thousands):

	2020
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	3,019,884	$	2,819,884	$	200,000
Marketable securities	52,061		52,061		—
Derivative financial instruments	140,266		—		140,266
	$	3,212,211	$	2,871,945	$	340,266
Liabilities:
Derivative financial instruments	$	25,521	$	—	$	25,521

	2019
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	624,832	$	459,885	$	164,947
Marketable securities	52,575		52,575		—
Derivative financial instruments	12,649		—		12,649
	$	690,056	$	512,460	$	177,596
Liabilities:
Derivative financial instruments	$	13,934	$	—	$	13,934

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 at December 31, were as follows (in thousands):

	2020				2019
	Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	6,586,348	$	6,443,008	$	7,419,627	$	7,374,366
Liabilities:
Deposits	$	79,965	$	79,965	$	—	$	—
Debt:
Unsecured commercial paper	$	1,014,274	$	1,014,274	$	571,995	$	571,995
Asset-backed U.S. commercial paper conduit facilities	$	402,205	$	402,205	$	490,427	$	490,427
Asset-backed Canadian commercial paper conduit facility	$	116,678	$	116,678	$	114,693	$	114,693
Asset-backed securitization debt	$	1,817,892	$	1,791,956	$	768,094	$	764,392
Medium-term notes	$	5,118,928	$	4,917,714	$	4,816,153	$	4,760,127
Senior notes	$	828,141	$	743,977	$	774,949	$	743,296