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Debt (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Debt |
|  | Weighted-Average Interest Rate |  |  |  |  |  |
|  | December 31, |  |  |  | December 31,
|  | 2017 |  | 2016 |  | Maturities |  | 2017 |  | 2016
|  |  |  |  |  |  |  | (In thousands)
Short-term debt and current portion of long-term debt: |  |  |  |  |  |  |  |  |  |
Short-term debt |  | 1.79 | % |  | 1.07 | % |  |  |  | $ | 35,509 |  |  | 177,629 |
Current portion of long-term debt, including capital leases |  |  |  |  |  |  |  | 790,560 |  |  | 613,781 |
Total short-term debt and current portion of long-term debt |  |  |  |  |  |  |  | 826,069 |  |  | 791,410 |
Total long-term debt: |  |  |  |  |  |  |  |  |  |
U.S. commercial paper (1) |  | 1.56 | % |  | 0.87 | % |  | 2020 |  | 570,218 |  |  | 342,480 |
Global revolving credit facility |  | 2.80 | % |  | 2.06 | % |  | 2020 |  | 17,328 |  |  | 4,703 |
Unsecured U.S. notes – Medium-term notes (1) |  | 2.73 | % |  | 2.67 | % |  | 2018-2025 |  | 4,014,091 |  |  | 4,113,421 |
Unsecured U.S. obligations, principally bank term loans |  | 2.79 | % |  | 2.19 | % |  | 2018 |  | 50,000 |  |  | 50,000 |
Unsecured foreign obligations |  | 1.50 | % |  | 1.55 | % |  | 2018-2020 |  | 230,380 |  |  | 232,092 |
Asset backed U.S. obligations (2) |  | 1.85 | % |  | 1.80 | % |  | 2018-2022 |  | 491,899 |  |  | 459,876 |
Capital lease obligations |  | 3.53 | % |  | 3.17 | % |  | 2018-2023 |  | 20,871 |  |  | 24,184 |
Total before fair market value adjustment |  |  |  |  |  |  |  | 5,394,787 |  |  | 5,226,756 |
Fair market value adjustment on notes subject to hedging (3) |  |  |  |  |  |  |  | (7,192 | ) |  | 1,110 |
Debt issuance costs |  |  |  |  |  |  |  | (13,453 | ) |  | (14,221 | )
|  |  |  |  |  |  |  | 5,374,142 |  |  | 5,213,645 |
Current portion of long-term debt, including capital leases |  |  |  |  |  |  |  | (790,560 | ) |  | (613,781 | )
Long-term debt |  |  |  |  |  |  |  | 4,583,582 |  |  | 4,599,864 |
Total debt |  |  |  |  |  |  |  | $ | 5,409,651 |  |  | 5,391,274 |
_________________
(1) | Amounts are net of unamortized original issue discounts of $6 million and $7 million at December 31, 2017 and 2016, respectively.
(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 December 31, 2017 and 2016. Refer to Note 16, "Derivatives," for additional information.
Maturities of debt | Maturities of total debt are as follows:
|  | Capital Leases |  | Debt
|  | (In thousands)
2018 |  | $ | 7,559 |  |  | 818,510 |
2019 |  | 7,918 |  |  | 1,077,734 |
2020 |  | 2,428 |  |  | 1,892,344 |
2021 |  | 2,620 |  |  | 717,868 |
2022 |  | 1,379 |  |  | 699,006 |
Thereafter |  | — |  |  | 190,510 |
Total |  | 21,904 |  |  | 5,395,972 |
Imputed interest |  | (1,033 | ) |  |
Present value of minimum capitalized lease payments |  | 20,871 |  |  |
Current portion |  | (7,559 | ) |  |
Long-term capitalized lease obligation |  | $ | 13,312 |  |  |

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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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