DEBT (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

	Weighted Average Interest Rate
(Dollars in thousands)	September 30, 2022	Maturities	September 30, 2022		December 31, 2021
Debt:
U.S. commercial paper	2.94%	2026	$	849,269	$	531,157
Canadian commercial paper	—%	2026	—		7,087
Trade receivables financing program	3.56%	2023	50,000		—
Global revolving credit facility	—%	2026	—		—
Unsecured U.S. obligations	3.41%	2024	200,000		200,000
Unsecured U.S. notes — Medium-term notes (1)	3.58%	2023-2027	4,700,106		5,149,893
Unsecured foreign obligations	2.88%	2024	50,000		140,265
Asset-backed U.S. obligations (2)	2.80%	2022-2029	466,013		526,712
Finance lease obligations and other		2022-2031	38,539		44,595
			6,353,926		6,599,709
Debt issuance costs and original issue discounts			(19,784)		(20,040)
Total debt			6,334,142		6,579,669
Short-term debt and current portion of long-term debt			(1,049,109)		(1,333,363)
Long-term debt			$	5,285,033	$	5,246,306

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(1)Includes the impact from the fair market values of hedging instruments on our notes, which was $50 million as of September 30, 2022, and not material as of December 31, 2021, and was included in "Other non-current liabilities" within the unaudited Condensed Consolidated Balance Sheets. The notional amount of the executed interest rate swaps designated as fair value hedges was $500 million and $450 million as of September 30, 2022 and December 31, 2021, respectively.

(2)Asset-backed U.S. obligations are related to financing transactions backed by a portion of our revenue earning equipment.