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Debt (Tables) | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Debt |
|  | Weighted-Average Interest Rate |  |  |  |  |  |
|  | December 31, |  |  |  | December 31,
|  | 2016 |  | 2015 |  | Maturities |  | 2016 |  | 2015
|  |  |  |  |  |  |  | (In thousands)
Short-term debt and current portion of long-term debt: |  |  |  |  |  |  |  |  |  |
Short-term debt |  | 1.07 | % |  | 2.26 | % |  |  |  | $ | 177,629 |  |  | 35,947 |
Current portion of long-term debt, including capital leases |  |  |  |  |  |  |  | 613,781 |  |  | 598,583 |
Total short-term debt and current portion of long-term debt |  |  |  |  |  |  |  | 791,410 |  |  | 634,530 |
Total long-term debt: |  |  |  |  |  |  |  |  |  |
U.S. commercial paper (1) |  | 0.87 | % |  | 0.55 | % |  | 2020 |  | 342,480 |  |  | 547,130 |
Global revolving credit facility |  | 2.06 | % |  | 2.31 | % |  | 2020 |  | 4,703 |  |  | 25,291 |
Unsecured U.S. notes – Medium-term notes (1) |  | 2.67 | % |  | 2.84 | % |  | 2017-2025 |  | 4,113,421 |  |  | 4,112,519 |
Unsecured U.S. obligations, principally bank term loans |  | 2.19 | % |  | 1.73 | % |  | 2018 |  | 50,000 |  |  | 50,000 |
Unsecured foreign obligations |  | 1.55 | % |  | 1.92 | % |  | 2017-2020 |  | 232,092 |  |  | 275,661 |
Asset backed U.S. obligations (2) |  | 1.80 | % |  | 1.81 | % |  | 2017-2022 |  | 459,876 |  |  | 434,001 |
Capital lease obligations |  | 3.17 | % |  | 3.31 | % |  | 2017-2023 |  | 24,184 |  |  | 32,054 |
Total before fair market value adjustment |  |  |  |  |  |  |  | 5,226,756 |  |  | 5,476,656 |
Fair market value adjustment on notes subject to hedging (3) |  |  |  |  |  |  |  | 1,110 |  |  | 5,253 |
Debt issuance costs (4) |  |  |  |  |  |  |  | (14,221 | ) |  | (15,229 | )
|  |  |  |  |  |  |  | 5,213,645 |  |  | 5,466,680 |
Current portion of long-term debt, including capital leases |  |  |  |  |  |  |  | (613,781 | ) |  | (598,583 | )
Long-term debt |  |  |  |  |  |  |  | 4,599,864 |  |  | 4,868,097 |
Total debt |  |  |  |  |  |  |  | $ | 5,391,274 |  |  | 5,502,627 |
_________________
(1) | We had unamortized original issue discounts of $7 million and $8 million at December 31, 2016 and 2015, respectively.
(2) | Asset-backed U.S. obligations are related to financing transactions involving revenue earning equipment.
(3) | The notional amount of the executed interest rate swaps designated as fair value hedges was $825 million at December 31, 2016 and 2015. Refer to Note 16, "Derivatives," for additional information.
(4) | See Note 2, "Recent Accounting Pronouncements," for further discussion of the presentation of debt issuance costs.
Maturities of debt | Maturities of total debt are as follows:
|  | Capital Leases |  | Debt
|  | (In thousands)
2017 |  | $ | 9,303 |  |  | 957,358 |
2018 |  | 6,939 |  |  | 791,324 |
2019 |  | 6,041 |  |  | 1,068,657 |
2020 |  | 880 |  |  | 1,606,313 |
2021 |  | 1,548 |  |  | 704,482 |
Thereafter |  | 777 |  |  | 237,846 |
Total |  | 25,488 |  |  | 5,365,980 |
Imputed interest |  | (1,304 | ) |  |
Present value of minimum capitalized lease payments |  | 24,184 |  |  |
Current portion |  | (8,695 | ) |  |
Long-term capitalized lease obligation |  | $ | 15,489 |  |  |

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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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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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