Debt (Tables)

6 Months Ended

Jun. 27, 2021

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):

	June 27, 2021		December 31, 2020		June 28, 2020
Unsecured commercial paper	$	749,037	$	1,014,274	$	1,397,388
364-day credit facility borrowings	—		—		150,000
	$	749,037	$	1,014,274	$	1,547,388

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): 

			June 27, 2021		December 31, 2020		June 28, 2020
Secured debt:
Asset-backed Canadian commercial paper conduit facility			$	87,439	$	116,678	$	144,661
Asset-backed U.S. commercial paper conduit facilities			291,511		402,205		540,840
Asset-backed securitization debt			1,735,706		1,800,393		2,472,529
Unamortized discounts and debt issuance costs			(8,184)		(8,437)		(11,422)
			2,106,472		2,310,839		3,146,608
Unsecured notes (at par value):
Medium-term notes:
Due in 2021, issued January 2016	2.85	%	—		600,000		600,000
Due in 2021, issued November 2018	LIBOR + 0.94%		—		450,000		450,000
Due in 2021, issued May 2018	3.55	%	—		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	%	773,825		797,206		729,885
Due in 2024, issued November 2019(b)	3.14	%	714,300		735,882		673,740
Due in 2025, issued June 2020	3.35	%	700,000		700,000		700,000
Unamortized discounts and debt issuance costs			(12,068)		(15,374)		(19,332)
			3,476,057		4,917,714		4,784,293

			June 27, 2021		December 31, 2020		June 28, 2020
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			(5,679)		(6,023)		(6,365)
			744,321		743,977		743,635
			4,220,378		5,661,691		5,527,928
Long-term debt			6,326,850		7,972,530		8,674,536
Current portion of long-term debt, net			(1,581,826)		(2,039,597)		(2,186,037)
Long-term debt, net			$	4,745,024	$	5,932,933	$	6,488,499

(a)Euro denominated, €650.0 million par value remeasured to U.S. dollar at June 27, 2021 and December 31, 2020, and June 28, 2020, respectively

(b)Euro denominated, €600.0 million par value remeasured to U.S. dollar at June 27, 2021, December 31, 2020, and June 28, 2020, respectively

Schedule of Maturities of Long-term Debt

The Company's future principal payments on debt obligations as of June 27, 2021 were as follows (in thousands):

2021	$	1,103,729
2022	1,594,390
2023	1,745,329
2024	1,086,906
2025	1,271,232
Thereafter	300,232
	$	7,101,818