XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.10.0.1

DEBT (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Debt Disclosure [Abstract] |
Schedule of debt |
| Weighted-Average Interest Rate |  |  |  |  |  |
| June 30, 2018 |  | December 31, 2017 |  | Maturities |  | June 30, 2018 |  | December 31, 2017
|  |  |  |  |  |  | (In thousands)
Short-term debt and current portion of long-term debt: |  |  |  |  |  |  |  |  |
Short-term debt | 1.70% |  | 1.79% |  |  |  | $ | 44,107 |  |  | 35,509 |
Current portion of long-term debt |  |  |  |  |  |  | 696,441 |  |  | 790,560 |
Total short-term debt and current portion of long-term debt |  |  |  |  |  | 740,548 |  |  | 826,069 |
Long-term debt: |  |  |  |  |  |  |  |  |
U.S. commercial paper (1) | 2.28% |  | 1.56% |  | 2020 |  | 519,916 |  |  | 570,218 |
Canadian commercial paper (1) | 1.70% |  | —% |  | 2020 |  | 47,175 |  |  | — |
Global revolving credit facility | 3.12% |  | 2.80% |  | 2020 |  | 600 |  |  | 17,328 |
Unsecured U.S. notes — Medium-term notes (1) | 3.06% |  | 2.73% |  | 2018-2025 |  | 4,562,972 |  |  | 4,014,091 |
Unsecured U.S. obligations | 3.34% |  | 2.79% |  | 2019 |  | 50,000 |  |  | 50,000 |
Unsecured foreign obligations | 1.61% |  | 1.50% |  | 2020-2021 |  | 224,406 |  |  | 230,380 |
Asset-backed U.S. obligations (2) | 2.12% |  | 1.85% |  | 2018-2025 |  | 544,911 |  |  | 491,899 |
Capital lease obligations | 3.48% |  | 3.53% |  | 2018-2023 |  | 17,349 |  |  | 20,871 |
Total before fair market value adjustment |  |  |  |  |  |  | 5,967,329 |  |  | 5,394,787 |
Fair market value adjustment on notes subject to hedging (3) |  |  |  |  |  | (15,986 | ) |  | (7,192 | )
Debt issuance costs |  |  |  |  |  |  | (17,525 | ) |  | (13,453 | )
|  |  |  |  |  |  | 5,933,818 |  |  | 5,374,142 |
Current portion of long-term debt |  |  |  |  |  |  | (696,441 | ) |  | (790,560 | )
Long-term debt |  |  |  |  |  |  | 5,237,377 |  |  | 4,583,582 |
Total debt |  |  |  |  |  |  | $ | 5,977,925 |  |  | 5,409,651 |
————————————
(1) | Amounts are net of unamortized original issue discounts of $8 million and $6 million at June 30, 2018 and December 31, 2017.
(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 June 30, 2018 and December 31, 2017.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration