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DEBT (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
 Weighted Average Interest Rate  
 December 31, 2020December 31, 2019MaturitiesDecember 31,
2020		December 31,
2019
   (In thousands)
Debt:
U.S. commercial paper
0.29%1.99%2023$214,375 $511,486 
Canadian commercial paper
0.62%2.04%202362,800 136,199 
Trade receivables program—%—%2021— — 
Global revolving credit facility1.25%2.10%2023200 8,104 
Unsecured U.S. obligations3.47%2.79%2024200,000 200,000 
Unsecured U.S. notes — Medium-term notes (1)
3.41%3.17%2021-20265,174,180 5,970,462 
Unsecured foreign obligations1.82%2.18%2021-2024254,259 270,719 
Asset-backed U.S. obligations (2)
2.53%2.50%2021-2026682,383 807,374 
Finance lease obligations and other2021-207348,418 51,717 
6,636,615 7,956,061 
Debt issuance costs and original issue discounts(26,379)(31,273)
Total debt6,610,236 7,924,788 
Short-term debt and current portion of long-term debt(516,581)(1,154,564)
Long-term debt$6,093,655 $6,770,224 
_______________
(1)Includes the impact from the fair market values of hedging instruments on our notes, which were not material as of both December 31, 2020 and December 31, 2019. The notional amount of the executed interest rate swaps designated as fair value hedges was $150 million and $525 million as of December 31, 2020 and December 31, 2019, respectively.
(2)Asset-backed U.S. obligations are related to financing transactions backed by a portion of our revenue earning equipment.
The following table includes our debt proceeds and repayments in 2020:
Debt ProceedsDebt Repayments
(In thousands)
Medium-term notes$799,648 Medium-term notes$1,600,000 
Global revolving credit facility327,846 Global revolving credit facility333,912 
Trade receivables program300,000 Trade receivables program300,000 
U.S. and foreign term loans and other656,849 U.S. and foreign term loan, finance lease obligations, and other repayments821,468 
Total debt proceeds
$2,084,343 Total debt repaid$3,055,380 
Schedule of Maturities of Debt
Contractual maturities of total debt, excluding finance lease obligations, are as follows:
Years ending December 31(In thousands)
2021$503,480 
20221,346,560 
20231,678,976 
20241,511,757 
20251,085,897 
Thereafter461,527 
Total6,588,197 
Finance lease obligations (Refer to Note 11)
48,418 
Total long-term debt$6,636,615