Debt (Tables)

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Schedule of debt

	Weighted-Average Interest Rate
	June 30, 2015	December 31, 2014	Maturities	June 30, 2015			December 31, 2014
				(In thousands)
Short-term debt and current portion of long-term debt:
Short-term debt	2.75%	1.30%	2015	$	316		3,773
Current portion of long-term debt				347,501			32,511
Total short-term debt and current portion of long-term debt				347,817			36,284
Long-term debt:
U.S. commercial paper (1)	0.43%	0.35%	2020	311,432			276,694
Global revolving credit facility	2.78%	1.60%	2020	40,908			11,190
Unsecured U.S. notes — Medium-term notes (1)	3.21%	3.29%	2015-2025	4,111,991			3,772,159
Unsecured U.S. obligations	1.50%	0.76%	2018	50,000			110,500
Unsecured foreign obligations	1.92%	2.01%	2015-2020	295,217			295,776
Asset-backed U.S. obligations (2)	1.79%	1.81%	2018-2022	362,075			218,137
Capital lease obligations	1.79%	1.73%	2015-2022	38,418			37,560
Total before fair market value adjustment				5,210,041			4,722,016
Fair market value adjustment on notes subject to hedging (3)				6,668			4,830
				5,216,709			4,726,846
Current portion of long-term debt				(347,501		)	(32,511	)
Long-term debt				4,869,208			4,694,335
Total debt				$	5,217,025		4,730,619

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(1) We had unamortized original issue discounts of $8.1 million and $7.9 million at June 30, 2015 and December 31, 2014, respectively.

(2) Asset-backed U.S. obligations of $362.1 million at June 30, 2015 and $218.1 million at December 31, 2014 are related to financing transactions involving revenue earning equipment. See Note (A), General, Revision of Prior Period Financial Information for further information related to our evaluation of accounting for these transactions.

(3) The notional amount of executed interest rate swaps designated as fair value hedges was $600 million at both June 30, 2015 and December 31, 2014.