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Debt (Tables) | 9 Months Ended
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Sep. 30, 2017
Debt Disclosure [Abstract] |
Schedule of debt |
| Weighted-Average Interest Rate |  |  |  |  |  |
| September 30, 2017 |  | December 31, 2016 |  | Maturities |  | September 30, 2017 |  | December 31, 2016
|  |  |  |  |  |  | (In thousands)
Short-term debt and current portion of long-term debt: |  |  |  |  |  |  |  |  |
Short-term debt | 1.57% |  | 1.07% |  |  |  | $ | 59,410 |  |  | 177,629 |
Current portion of long-term debt |  |  |  |  |  |  | 84,532 |  |  | 613,781 |
Total short-term debt and current portion of long-term debt |  |  |  |  |  | 143,942 |  |  | 791,410 |
Long-term debt: |  |  |  |  |  |  |  |  |
U.S. commercial paper (1) | 1.44% |  | 0.87% |  | 2020 |  | 468,540 |  |  | 342,480 |
Global revolving credit facility | 3.20% |  | 2.06% |  | 2020 |  | 7,596 |  |  | 4,703 |
Unsecured U.S. notes — Medium-term notes (1) | 2.69% |  | 2.67% |  | 2017-2025 |  | 4,013,602 |  |  | 4,113,421 |
Unsecured U.S. obligations | 2.52% |  | 2.19% |  | 2018 |  | 50,000 |  |  | 50,000 |
Unsecured foreign obligations | 1.50% |  | 1.55% |  | 2017-2020 |  | 229,030 |  |  | 232,092 |
Asset-backed U.S. obligations (2) | 1.85% |  | 1.80% |  | 2017-2024 |  | 516,009 |  |  | 459,876 |
Capital lease obligations | 3.45% |  | 3.17% |  | 2017-2023 |  | 21,859 |  |  | 24,184 |
Total before fair market value adjustment |  |  |  |  |  |  | 5,306,636 |  |  | 5,226,756 |
Fair market value adjustment on notes subject to hedging (3) |  |  |  |  |  | (2,058 | ) |  | 1,110 |
Debt issuance costs |  |  |  |  |  |  | (14,762 | ) |  | (14,221 | )
|  |  |  |  |  |  | 5,289,816 |  |  | 5,213,645 |
Current portion of long-term debt |  |  |  |  |  |  | (84,532 | ) |  | (613,781 | )
Long-term debt |  |  |  |  |  |  | 5,205,284 |  |  | 4,599,864 |
Total debt |  |  |  |  |  |  | $ | 5,349,226 |  |  | 5,391,274 |
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(1) | Amounts are net of unamortized original issue discounts of $7 million at September 30, 2017 and December 31, 2016.
(2) | Asset-backed U.S. obligations are related to financing transactions backed by a portion of our revenue earning equipment.
(3) | The notional amount of the executed interest rate swaps designated as fair value hedges was $825 million at September 30, 2017 and December 31, 2016

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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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