Fair Value (Tables)

6 Months Ended

Jun. 27, 2021

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 27, 2021
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	1,439,400	$	1,274,400	$	165,000
Marketable securities	52,434		52,434		—
Derivative financial instruments	97,464		—		97,464
	$	1,589,298	$	1,326,834	$	262,464
Liabilities:
Derivative financial instruments	$	3,836	$	—	$	3,836
	December 31, 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
	June 28, 2020
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	3,572,900	$	3,522,900	$	50,000
Marketable securities	48,725		48,725		—
Derivative financial instruments	29,057		—		29,057
	$	3,650,682	$	3,571,625	$	79,057
Liabilities:
Derivative financial instruments	$	41,419	$	—	$	41,419

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 27, 2021				December 31, 2020				June 28, 2020
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	7,141,608	$	6,888,954	$	6,586,348	$	6,443,008	$	7,143,575	$	6,979,991
Liabilities:
Deposits, net	$	260,338	$	259,373	$	79,965	$	79,965	$	17,996	$	17,996
Debt:
Unsecured commercial paper	$	749,037	$	749,037	$	1,014,274	$	1,014,274	$	1,397,388	$	1,397,388
Global credit facility borrowings	$	—	$	—	$	—	$	—	$	150,000	$	150,000
Asset-backed U.S. commercial paper conduit facilities	$	291,511	$	291,511	$	402,205	$	402,205	$	540,840	$	540,840
Asset-backed Canadian commercial paper conduit facility	$	87,439	$	87,439	$	116,678	$	116,678	$	144,661	$	144,661
Asset-backed securitization debt	$	1,744,841	$	1,727,522	$	1,817,892	$	1,791,956	$	2,484,956	$	2,461,107
Medium-term notes	$	3,651,957	$	3,476,057	$	5,118,928	$	4,917,714	$	4,805,766	$	4,784,293
Senior notes	$	804,187	$	744,321	$	828,141	$	743,977	$	790,355	$	743,635