Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt With Contractual Term Less Than One Year

Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following at December 31, (in thousands):

	2022		2021
Unsecured commercial paper	$	770,468	$	751,286

Schedule of Debt With A Contractual Term Greater Than One Year

Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following at December 31, (in thousands):

	2022		2021
Secured debt:
Asset-backed Canadian commercial paper conduit facility	$	71,785	$	85,054
Asset-backed U.S. commercial paper conduit facility	425,794		272,589
Asset-backed securitization debt	2,028,155		1,634,753
Unamortized discounts and debt issuance costs	(8,741)		(7,611)
	2,516,993		1,984,785

		2022		2021
Unsecured notes (at par value):
Medium-term notes:
Due in 2022, issued February 2019	4.05%	—		550,000
Due in 2022, issued June 2017	2.55%	—		400,000
Due in 2023, issued February 2018	3.35%	350,000		350,000
Due in 2023, issued May 2020(a)	4.94%	695,727		737,302
Due in 2024, issued November 2019(b)	3.14%	642,210		680,586
Due in 2025, issued June 2020	3.35%	700,000		700,000
Due in 2027, issued February 2022	3.05%	500,000		—
Unamortized discounts and debt issuance costs		(8,464)		(9,228)
		2,879,473		3,408,660
Senior notes:
Due in 2025, issued July 2015	3.50%	450,000		450,000
Due in 2045, issued July 2015	4.625%	300,000		300,000
Unamortized discounts and debt issuance costs		(4,632)		(5,332)
		745,368		744,668
		3,624,841		4,153,328
Long-term debt		6,141,834		6,138,113
Current portion of long-term debt, net		(1,684,782)		(1,542,496)
Long-term debt, net		$	4,457,052	$	4,595,617

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

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

At December 31, 2022, the Consolidated balance sheets included outstanding balances related to the following secured notes with the related maturity dates and interest rates (in thousands):

Issue Date	Principal Amount at Date of Issuance	Weighted-Average Rate at Date of Issuance	Contractual Maturity Date at Date of Issuance
June 2022	$1,286,262	2.45%	April 2028
April 2022	$550,000	2.40%	April 2023 - January 2030
August 2021	$575,000	0.42%	August 2022 - May 2029
February 2021	$600,000	0.30%	February 2022 - September 2028
May 2020	$750,178	3.38%	April 2028
January 2020	$525,000	1.83%	February 2021 - April 2027
June 2019	$525,000	2.37%	July 2020 - November 2026

In addition, outstanding balances related to the following secured notes included in the Consolidated balance sheets at December 31, 2021 were repaid during 2022 (in thousands):

Issue Date	Principal Amount at Date of Issuance	Weighted-Average Rate at Date of Issuance	Contractual Maturity Date at Date of Issuance
May 2020	$500,000	2.37%	October 2021 - October 2028
April 2020	$300,000	3.30%	November 2027
May 2019	$500,000	3.05%	July 2026

Schedule of Maturities of Long-term Debt

Future principal payments of the Company's debt obligations as of December 31, 2022 were as follows (in thousands): 

2023	$	2,447,781
2024	1,324,098
2025	1,795,488
2026	493,572
2027	573,200
Thereafter	300,000
Future principal payments	$	6,934,139
Unamortized discounts and debt issuances costs	(21,837)
	$	6,912,302