XML 45 R36.htm IDEA: XBRL DOCUMENT v3.22.2
Debt (Tables)
6 Months Ended
Jun. 26, 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):
June 26,
2022
December 31,
2021
June 27,
2021
Unsecured commercial paper$701,384 $751,286 $749,037 
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): 
June 26,
2022
December 31,
2021
June 27,
2021
Secured debt:
Asset-backed Canadian commercial paper conduit facility$77,984 $85,054 $87,439 
Asset-backed U.S. commercial paper conduit facility570,628 272,589 291,511 
Asset-backed securitization debt2,860,810 1,634,753 1,735,706 
Unamortized discounts and debt issuance costs(12,889)(7,611)(8,184)
3,496,533 1,984,785 2,106,472 
Unsecured notes (at par value):
Medium-term notes:
Due in 2022, issued February 20194.05 %— 550,000 550,000 
Due in 2022, issued June 20172.55 %— 400,000 400,000 
Due in 2023, issued February 20183.35 %350,000 350,000 350,000 
Due in 2023, issued May 2020(a)
4.94 %681,837 737,302 773,825 
Due in 2024, issued November 2019(b)
3.14 %629,388 680,586 714,300 
Due in 2025, issued June 20203.35 %700,000 700,000 700,000 
Due in 2027, issued February 20223.05 %500,000 — — 
Unamortized discounts and debt issuance costs(10,905)(9,228)(12,068)
2,850,320 3,408,660 3,476,057 
June 26,
2022
December 31,
2021
June 27,
2021
Senior notes:
Due in 2025, issued July 20153.50 %450,000 450,000 450,000 
Due in 2045, issued July 20154.625 %300,000 300,000 300,000 
Unamortized discounts and debt issuance costs(4,984)(5,332)(5,679)
745,016 744,668 744,321 
3,595,336 4,153,328 4,220,378 
Long-term debt7,091,869 6,138,113 6,326,850 
Current portion of long-term debt, net(1,887,552)(1,542,496)(1,581,826)
Long-term debt, net$5,204,317 $4,595,617 $4,745,024 
(a)€650.0 million par value remeasured to U.S. dollar at June 26, 2022, December 31, 2021, and June 27, 2021, respectively
(b)€600.0 million par value remeasured to U.S. dollar at June 26, 2022, December 31, 2021, and June 27, 2021, respectively
Schedule of Maturities of Long-term Debt Future principal payments of the Company's debt obligations as of June 26, 2022 were as follows (in thousands):
2022$1,196,321 
20231,848,914 
20241,391,946 
20251,923,342 
2026556,601 
Thereafter904,907 
Future principal payments7,822,031 
Unamortized discounts and debt issuance costs(28,778)
$7,793,253