DEBT (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt

	Weighted Average Interest Rate
	March 31, 2021	Maturities	March 31, 2021		December 31, 2020
			(In thousands)
Debt:
U.S. commercial paper	0.22%	2023	$	90,075	$	214,375
Canadian commercial paper	0.39%	2023	57,301		62,800
Trade receivables program	—%	2022	—		—
Global revolving credit facility	—%	2023	—		200
Unsecured U.S. obligations	3.47%	2024	200,000		200,000
Unsecured U.S. notes — Medium-term notes (1)	3.41%	2021-2026	5,153,471		5,174,180
Unsecured foreign obligations	1.82%	2022-2024	193,690		254,259
Asset-backed U.S. obligations (2)	2.55%	2021-2026	654,058		682,383
Finance lease obligations and other		2021-2073	47,802		48,418
			6,396,397		6,636,615
Debt issuance costs and original issue discounts			(24,237)		(26,379)
Total debt			6,372,160		6,610,236
Short-term debt and current portion of long-term debt			(789,928)		(516,581)
Long-term debt			$	5,582,232	$	6,093,655

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(1)Included the impact from the fair market values of hedging instruments on our notes, which were not material as of March 31, 2021 and December 31, 2020. The notional amount of interest rate swaps designated as fair value hedges was $150 million as of March 31, 2021 and December 31, 2020.

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