XML 43 R34.htm IDEA: XBRL DOCUMENT v3.23.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Short-term Debt Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following (in thousands):
September 30,
2023		December 31,
2022		September 25,
2022
Unsecured commercial paper$815,081 $770,468 $692,551 
Schedule of Long-term Debt Instruments
Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following (in thousands): 
September 30,
2023		December 31,
2022		September 25,
2022
Secured debt:
Asset-backed Canadian commercial paper conduit facility$79,755 $71,785 $82,154 
Asset-backed U.S. commercial paper conduit facility272,766 425,794 489,074 
Asset-backed securitization debt2,147,548 2,028,155 2,416,075 
Unamortized discounts and debt issuance costs(8,864)(8,741)(10,669)
2,491,205 2,516,993 2,976,634 
Unsecured notes (at par value):
Medium-term notes:
Due in 2023, issued February 20183.35 %— 350,000 350,000 
Due in 2023, issued May 2020(a)
4.94 %— 695,727 632,586 
Due in 2024, issued November 2019(b)
3.14 %634,464 642,210 583,926 
Due in 2025, issued June 20203.35 %700,000 700,000 700,000 
Due in 2027, issued February 20223.05 %500,000 500,000 500,000 
Due in 2028, issued March 20236.50 %700,000 — — 
Due in 2026, issued April 2023(c)
6.36 %740,207 — — 
Unamortized discounts and debt issuance costs(17,275)(8,464)(9,682)
3,257,396 2,879,473 2,756,830 
Senior notes:
Due in 2025, issued July 20153.50 %450,000 450,000 450,000 
Due in 2045, issued July 20154.625 %300,000 300,000 300,000 
Unamortized discounts and debt issuance costs(4,100)(4,632)(4,808)
745,900 745,368 745,192 
4,003,296 3,624,841 3,502,022 
Long-term debt6,494,501 6,141,834 6,478,656 
Current portion of long-term debt, net(638,496)(1,684,782)(1,740,422)
Long-term debt, net$5,856,005 $4,457,052 $4,738,234 
(a)€650.0 million par value remeasured to U.S. dollar at September 30, 2023, December 31, 2022, and September 25, 2022, respectively
(b)€600.0 million par value remeasured to U.S. dollar at September 30, 2023, December 31, 2022, and September 25, 2022, respectively
(c)€700.0 million par value remeasured to U.S. dollar at September 30, 2023
Schedule of Maturities of Long-term Debt Future principal payments of the Company's debt obligations as of September 30, 2023 were as follows (in thousands):
2023$1,029,048 
20241,263,895 
20251,838,008 
20261,403,803 
2027744,528 
Thereafter1,060,539 
Future principal payments7,339,821 
Unamortized discounts and debt issuance costs(30,239)
$7,309,582