Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Debt With Contractual Term Less Than One Year

Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following at December 31, (in thousands):

	2021		2020
Unsecured commercial paper	$	751,286	$	1,014,274

Debt With A Contractual Term Greater Than One Year

Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following at December 31, (in thousands):

	2021		2020
Secured debt:
Asset-backed Canadian commercial paper conduit facility	$	85,054	$	116,678
Asset-backed U.S. commercial paper conduit facilities	272,589		402,205
Asset-backed securitization debt	1,634,753		1,800,393
Unamortized discounts and debt issuance costs	(7,611)		(8,437)
	1,984,785		2,310,839

		2021		2020
Unsecured notes (at par value):
Medium-term notes:
Due in 2021, issued January 2016	2.85%	—		600,000
Due in 2021, issued in November 2018	LIBOR + 0.94%	—		450,000
Due in 2021, issued May 2018	3.55%	—		350,000
Due in 2022, issued February 2019	4.05%	550,000		550,000
Due in 2022, issued June 2017	2.55%	400,000		400,000
Due in 2023, issued February 2018	3.35%	350,000		350,000
Due in 2023, issued May 2020(a)	4.94%	737,302		797,206
Due in 2024, issued November 2019(b)	3.14%	680,586		735,882
Due in 2025, issued June 2020	3.35%	700,000		700,000
Unamortized discounts and debt issuance costs		(9,228)		(15,374)
		3,408,660		4,917,714
Senior notes:
Due in 2025, issued July 2015	3.50%	450,000		450,000
Due in 2045, issued July 2015	4.625%	300,000		300,000
Unamortized discounts and debt issuance costs		(5,332)		(6,023)
		744,668		743,977
		4,153,328		5,661,691
Long-term debt		6,138,113		7,972,530
Current portion of long-term debt, net		(1,542,496)		(2,039,597)
Long-term debt, net		$	4,595,617	$	5,932,933

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

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

At December 31, 2021, the Consolidated balance sheets included outstanding balances related to the following secured notes with the related maturity dates and interest rates (in thousands):

Issue Date	Principal Amount at Date of Issuance	Weighted-Average Rate at Date of Issuance	Contractual Maturity Date at Date of Issuance
August 2021	$575,000	0.42%	August 2022 - May 2029
February 2021	$600,000	0.30%	February 2022 - September 2028
May 2020	$750,178	3.38%	April 2028
May 2020	$500,000	2.37%	October 2021 - October 2028
April 2020	$300,000	3.30%	November 2027
January 2020	$525,000	1.83%	February 2021 - April 2027
June 2019	$525,000	2.37%	July 2020 - November 2026
May 2019	$500,000	3.05%	July 2026

Schedule of Maturities of Long-term Debt

The Company’s future principal payments on debt obligations as of December 31, 2021 were as follows (in thousands): 

2022	$	2,302,568
2023	1,735,386
2024	1,125,031
2025	1,367,781
2026	80,804
Thereafter	300,000
	$	6,911,570