Fair Value (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, (in thousands):

	2019
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	624,832	$	459,885	$	164,947
Marketable securities	52,575		52,575		—
Derivative financial instruments	12,649		—		12,649
	$	690,056	$	512,460	$	177,596
Liabilities:
Derivative financial instruments	$	13,934	$	—	$	13,934
	2018
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	998,601	$	728,800	$	269,801
Marketable securities	54,250		44,243		10,007
Derivative financial instruments	15,071		—		15,071
	$	1,067,922	$	773,043	$	294,879
Liabilities:
Derivative financial instruments	$	5,316	$	—	$	5,316

Summary Of The Fair Value And Carrying Value Of The Company's Financial Instruments

The fair value and carrying value of the Company’s remaining financial instruments that are measured at cost or amortized cost at December 31, were as follows (in thousands):

	2019				2018
	Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	7,419,627	$	7,374,366	$	7,304,334	$	7,221,931
Liabilities:
Debt:
Unsecured commercial paper	$	571,995	$	571,995	$	1,135,810	$	1,135,810
Asset-backed U.S. commercial paper conduit facilities	$	490,427	$	490,427	$	582,717	$	582,717
Asset-backed Canadian commercial paper conduit facility	$	114,693	$	114,693	$	155,951	$	155,951
Medium-term notes	$	4,816,153	$	4,760,127	$	4,829,671	$	4,887,007
Senior notes	$	774,949	$	743,296	$	707,198	$	742,624
Asset-backed securitization debt	$	768,094	$	764,392	$	94,974	$	95,167