Fair Value (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured At Fair Value On A Recurring Basis

The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands):

	March 31, 2019
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	498,207	$	321,300	$	176,907	$	—
Marketable securities	59,899		49,896		10,003		—
Derivatives	16,083		—		16,083		—
Total	$	574,189	$	371,196	$	202,993	$	—
Liabilities:
Derivatives	$	7,733	$	—	$	7,733	$	—
	December 31, 2018
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	998,601	$	728,800	$	269,801	$	—
Marketable securities	54,250		44,243		10,007		—
Derivatives	15,071		—		15,071		—
Total	$	1,067,922	$	773,043	$	294,879	$	—
Liabilities:
Derivatives	$	5,316	$	—	$	5,316	$	—

	April 1, 2018
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	653,124	$	326,324	$	326,800	$	—
Marketable securities	49,402		49,402		—		—
Derivatives	3,613		—		3,613		—
Total	$	706,139	$	375,726	$	330,413	$	—
Liabilities:
Derivatives	$	22,850	$	—	$	22,850	$	—

Summary of The Fair Value and Carrying Value of The Company's Financial Instruments

The following table summarizes the fair value and carrying value of the Company’s remaining financial instruments that are measured at cost or amortized cost (in thousands):

	March 31, 2019				December 31, 2018				April 1, 2018
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	7,520,418	$	7,438,592	$	7,304,334	$	7,221,931	$	7,195,908	$	7,126,442
Liabilities:
Unsecured commercial paper	$	1,192,925	$	1,192,925	$	1,135,810	$	1,135,810	$	1,036,976	$	1,036,976
Asset-backed U.S. commercial paper conduit facilities	$	526,947	$	526,947	$	582,717	$	582,717	$	281,311	$	281,311
Asset-backed Canadian commercial paper conduit facility	$	142,676	$	142,676	$	155,951	$	155,951	$	158,162	$	158,162
Medium-term notes	$	4,675,767	$	4,685,636	$	4,829,671	$	4,887,007	$	4,486,399	$	4,514,798
Senior unsecured notes	$	719,544	$	742,791	$	707,198	$	742,624	$	750,440	$	742,126
Asset-backed securitization debt	$	18,674	$	18,694	$	94,974	$	95,167	$	283,591	$	284,793