Debt (Tables)

9 Months Ended

Sep. 25, 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):

	September 25, 2022		December 31, 2021		September 26, 2021
Unsecured commercial paper	$	692,551	$	751,286	$	749,620

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): 

			September 25, 2022		December 31, 2021		September 26, 2021
Secured debt:
Asset-backed Canadian commercial paper conduit facility			$	82,154	$	85,054	$	98,310
Asset-backed U.S. commercial paper conduit facility			489,074		272,589		242,254
Asset-backed securitization debt			2,416,075		1,634,753		1,961,571
Unamortized discounts and debt issuance costs			(10,669)		(7,611)		(9,203)
			2,976,634		1,984,785		2,292,932
Unsecured notes (at par value):
Medium-term notes:
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		350,000
Due in 2023, issued May 2020(a)	4.94	%	632,586		737,302		756,763
Due in 2024, issued November 2019(b)	3.14	%	583,926		680,586		698,550
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			(9,682)		(9,228)		(10,649)
			2,756,830		3,408,660		3,444,664

			September 25, 2022		December 31, 2021		September 26, 2021
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			(4,808)		(5,332)		(5,506)
			745,192		744,668		744,494
			3,502,022		4,153,328		4,189,158
Long-term debt			6,478,656		6,138,113		6,482,090
Current portion of long-term debt, net			(1,740,422)		(1,542,496)		(1,605,798)
Long-term debt, net			$	4,738,234	$	4,595,617	$	4,876,292

(a)€650.0 million par value remeasured to U.S. dollar at September 25, 2022, December 31, 2021, and September 26, 2021, respectively

(b)€600.0 million par value remeasured to U.S. dollar at September 25, 2022, December 31, 2021, and September 26, 2021, respectively

Schedule of Maturities of Long-term Debt

Future principal payments of the Company's debt obligations as of September 25, 2022 were as follows (in thousands):

2022	$	978,288
2023	1,701,700
2024	1,257,491
2025	1,866,611
2026	521,545
Thereafter	870,731
Future principal payments	7,196,366
Unamortized discounts and debt issuance costs	(25,159)
	$	7,171,207