Fair Value (Tables)

3 Months Ended

Mar. 27, 2022

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):

	March 27, 2022
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	968,395	$	803,400	$	164,995
Marketable securities	45,189		45,189		—
Derivative financial instruments	43,065		—		43,065
	$	1,056,649	$	848,589	$	208,060
Liabilities:
Derivative financial instruments	$	4,298	$	—	$	4,298
	December 31, 2021
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	1,617,887	$	1,337,900	$	279,987
Marketable securities	49,650		49,650		—
Derivative financial instruments	52,034		—		52,034
	$	1,719,571	$	1,387,550	$	332,021
Liabilities:
Derivative financial instruments	$	2,361	$	—	$	2,361
	March 28, 2021
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	2,069,400	$	1,919,400	$	150,000
Marketable securities	50,239		50,239		—
Derivative financial instruments	81,841		—		81,841
	$	2,201,480	$	1,969,639	$	231,841
Liabilities:
Derivative financial instruments	$	6,726	$	—	$	6,726

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):

	March 27, 2022				December 31, 2021				March 28, 2021
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	6,920,395	$	6,821,553	$	6,794,499	$	6,571,921	$	6,930,531	$	6,756,777
Liabilities:
Deposits, net	$	359,995	$	348,083	$	293,602	$	290,326	$	152,715	$	152,653
Debt:
Unsecured commercial paper	$	816,016	$	816,016	$	751,286	$	751,286	$	749,801	$	749,801
Global credit facility borrowings	$	—	$	—	$	—	$	—	$	15,462	$	15,462
Asset-backed U.S. commercial paper conduit facility	$	269,534	$	269,534	$	272,589	$	272,589	$	350,648	$	350,648
Asset-backed Canadian commercial paper conduit facility	$	95,664	$	95,664	$	85,054	$	85,054	$	102,543	$	102,543
Asset-backed securitization debt	$	1,343,706	$	1,357,558	$	1,633,749	$	1,627,142	$	2,120,855	$	2,099,258
Medium-term notes	$	3,326,310	$	3,329,845	$	3,513,815	$	3,408,660	$	3,955,743	$	3,803,736
Senior notes	$	724,089	$	744,842	$	790,373	$	744,668	$	789,967	$	744,149