Debt (Tables)

3 Months Ended

Mar. 27, 2022

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):

	March 27, 2022		December 31, 2021		March 28, 2021
Unsecured commercial paper	$	816,016	$	751,286	$	749,801
Global credit facility borrowings	—		—		15,462
	$	816,016	$	751,286	$	765,263

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): 

			March 27, 2022		December 31, 2021		March 28, 2021
Secured debt:
Asset-backed Canadian commercial paper conduit facility			$	95,664	$	85,054	$	102,543
Asset-backed U.S. commercial paper conduit facility			269,534		272,589		350,648
Asset-backed securitization debt			1,363,254		1,634,753		2,109,046
Unamortized discounts and debt issuance costs			(5,696)		(7,611)		(9,788)
			1,722,756		1,984,785		2,552,449
Unsecured notes (at par value):
Medium-term notes:
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		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	%	723,886		737,302		762,996
Due in 2024, issued November 2019(b)	3.14	%	668,202		680,586		704,304
Due in 2025, issued June 2020	3.35	%	700,000		700,000		700,000
Due in 2027, issued February 2022	3.05	%	500,000		—		—
Unamortized discounts and debt issuance costs			(12,243)		(9,228)		(13,564)
			3,329,845		3,408,660		3,803,736
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			(5,158)		(5,332)		(5,851)
			744,842		744,668		744,149
			4,074,687		4,153,328		4,547,885
Long-term debt			5,797,443		6,138,113		7,100,334
Current portion of long-term debt, net			(1,327,357)		(1,542,496)		(1,622,243)
Long-term debt, net			$	4,470,086	$	4,595,617	$	5,478,091

(a)€650.0 million par value remeasured to U.S. dollar at March 27, 2022, December 31, 2021, and March 28, 2021, respectively

(b)€600.0 million par value remeasured to U.S. dollar at March 27, 2022, December 31, 2021, and March 28, 2021, respectively

Schedule of Maturities of Long-term Debt

Future principal payments of the Company's debt obligations as of March 27, 2022 were as follows (in thousands):

2022	$	1,716,955
2023	1,591,745
2024	1,058,291
2025	1,398,474
2026	71,091
Thereafter	800,000
Future principal payments	6,636,556
Unamortized discounts and debt issuance costs	(23,097)
	$	6,613,459