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Asset-Backed Financing (Tables)
3 Months Ended
Mar. 27, 2022
Transfers and Servicing [Abstract]  
Assets and Liabilities Related to the On-Balance Sheet Financing The assets and liabilities related to the on-balance sheet asset-backed financings included in the Consolidated balance sheets were as follows (in thousands):
March 27, 2022
Finance receivablesAllowance for credit lossesRestricted cashOther assetsTotal assetsAsset-backed debt, net
On-balance sheet assets and liabilities:
Consolidated VIEs:
Asset-backed securitizations$1,755,446 $(88,090)$131,992 $3,724 $1,803,072 $1,357,558 
Asset-backed U.S. commercial paper conduit facility290,481 (14,549)24,305 649 300,886 269,534 
Unconsolidated VIEs:
Asset-backed Canadian commercial paper conduit facility108,052 (4,457)8,129 43 111,767 95,664 
$2,153,979 $(107,096)$164,426 $4,416 $2,215,725 $1,722,756 
December 31, 2021
Finance receivablesAllowance for credit lossesRestricted cashOther assetsTotal assetsAsset-backed debt, net
On-balance sheet assets and liabilities:
Consolidated VIEs:
Asset-backed securitizations$2,048,194 $(102,779)$123,717 $2,328 $2,071,460 $1,627,142 
Asset-backed U.S. commercial paper conduit facility297,454 (14,898)20,567 654 303,777 272,589 
Unconsolidated VIEs:
Asset-backed Canadian commercial paper conduit facility97,180 (3,990)6,191 139 99,520 85,054 
$2,442,828 $(121,667)$150,475 $3,121 $2,474,757 $1,984,785 
March 28, 2021
Finance receivablesAllowance for credit lossesRestricted cashOther assetsTotal assetsAsset-backed debt, net
On-balance sheet assets and liabilities:
Consolidated VIEs:
Asset-backed securitizations$2,448,681 $(126,053)$166,694 $2,852 $2,492,174 $2,099,258 
Asset-backed U.S. commercial paper conduit facility378,035 (19,432)30,252 1,175 390,030 350,648 
Unconsolidated VIEs:
Asset-backed Canadian commercial paper conduit facility115,742 (5,388)9,743 206 120,303 102,543 
$2,942,458 $(150,873)$206,689 $4,233 $3,002,507 $2,552,449