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Debt (Tables) | 9 Months Ended
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Sep. 30, 2016
Debt Disclosure [Abstract] |
Schedule of debt |
| Weighted-Average Interest Rate |  |  |  |  |  |
| September 30, 2016 |  | December 31, 2015 |  | Maturities |  | September 30, 2016 |  | December 31, 2015
|  |  |  |  |  |  | (In thousands)
Short-term debt and current portion of long-term debt: |  |  |  |  |  |  |  |  |
Short-term debt | 0.92% |  | 2.26% |  |  |  | $ | 133,713 |  |  | 35,947 |
Current portion of long-term debt |  |  |  |  |  |  | 921,433 |  |  | 598,583 |
Total short-term debt and current portion of long-term debt |  |  |  |  |  | 1,055,146 |  |  | 634,530 |
Long-term debt: |  |  |  |  |  |  |  |  |
U.S. commercial paper (1) | 0.76% |  | 0.55% |  | 2020 |  | 490,685 |  |  | 547,130 |
Global revolving credit facility | 2.06% |  | 2.31% |  | 2020 |  | 60,885 |  |  | 25,291 |
Unsecured U.S. notes — Medium-term notes (1) | 2.91% |  | 2.84% |  | 2016-2025 |  | 4,113,583 |  |  | 4,112,519 |
Unsecured U.S. obligations | 2.09% |  | 1.73% |  | 2018 |  | 50,000 |  |  | 50,000 |
Unsecured foreign obligations | 1.74% |  | 1.92% |  | 2017-2020 |  | 248,376 |  |  | 275,661 |
Asset-backed U.S. obligations (2) | 1.77% |  | 1.81% |  | 2016-2022 |  | 395,898 |  |  | 434,001 |
Capital lease obligations | 3.18% |  | 3.31% |  | 2016-2023 |  | 25,818 |  |  | 32,054 |
Total before fair market value adjustment |  |  |  |  |  |  | 5,385,245 |  |  | 5,476,656 |
Fair market value adjustment on notes subject to hedging (3) |  |  |  |  |  | 14,213 |  |  | 5,253 |
Debt issuance costs (4) |  |  |  |  |  |  | (13,530 | ) |  | (15,229 | )
|  |  |  |  |  |  | 5,385,928 |  |  | 5,466,680 |
Current portion of long-term debt |  |  |  |  |  |  | (921,433 | ) |  | (598,583 | )
Long-term debt |  |  |  |  |  |  | 4,464,495 |  |  | 4,868,097 |
Total debt |  |  |  |  |  |  | $ | 5,519,641 |  |  | 5,502,627 |
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(1) | Amounts are net of aggregate unamortized original issue discounts of $6.8 million and $7.7 million at September 30, 2016 and December 31, 2015, respectively.
(2) | Asset-backed U.S. obligations are related to financing transactions involving revenue earning equipment.
(3) | The notional amount of executed interest rate swaps designated as fair value hedges was $825 million at September 30, 2016 and December 31, 2015.
(4) | See Note 2, "Recent Accounting Pronouncements," for further discussion of the presentation of debt issuance costs.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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