XML 70 R55.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Debt Disclosure [Abstract] |
Debt |
|  | Weighted-Average Interest Rate |  |  |  |  |  |
|  | December 31, |  |  |  | December 31,
|  | 2018 |  | 2017 |  | Maturities |  | 2018 |  | 2017
|  |  |  |  |  |  |  | (In thousands)
Short-term debt and current portion of long-term debt: |  |  |  |  |  |  |  |  |  |
Short-term debt |  | 2.69 | % |  | 1.79 | % |  |  |  | $ | 81,522 |  |  | 35,509 |
Current portion of long-term debt, including capital leases |  |  |  |  |  |  |  | 848,430 |  |  | 790,560 |
Total short-term debt and current portion of long-term debt |  |  |  |  |  |  |  | 929,952 |  |  | 826,069 |
Total long-term debt: |  |  |  |  |  |  |  |  |  |
U.S. commercial paper (1) |  | 2.78 | % |  | 1.56 | % |  | 2023 |  | 454,397 |  |  | 570,218 |
Canadian commercial paper(1) |  | 2.28 | % |  | — | % |  | 2023 |  | 123,491 |  |  | — |
Trade receivables program |  | 3.15 | % |  | — | % |  | 2019 |  | 200,000 |  |  | — |
Global revolving credit facility |  | 2.25 | % |  | 2.80 | % |  | 2023 |  | 12,581 |  |  | 17,328 |
Unsecured U.S. notes – Medium-term notes (1) (2) |  | 3.22 | % |  | 2.73 | % |  | 2019-2025 |  | 4,853,496 |  |  | 4,006,899 |
Unsecured U.S. obligations, principally bank term loans |  | 3.50 | % |  | 2.79 | % |  | 2019 |  | 50,000 |  |  | 50,000 |
Unsecured foreign obligations |  | 1.61 | % |  | 1.50 | % |  | 2020-2021 |  | 216,719 |  |  | 230,380 |
Asset backed U.S. obligations (3) |  | 2.37 | % |  | 1.85 | % |  | 2019-2025 |  | 627,707 |  |  | 491,899 |
Capital lease obligations |  | 4.20 | % |  | 3.53 | % |  | 2019-2025 |  | 21,773 |  |  | 20,871 |
Total long-term debt |  |  |  |  |  |  |  | 6,560,164 |  |  | 5,387,595 |
Debt issuance costs |  |  |  |  |  |  |  | (18,088 | ) |  | (13,453 | )
|  |  |  |  |  |  |  | 6,542,076 |  |  | 5,374,142 |
Current portion of long-term debt, including capital leases |  |  |  |  |  |  |  | (848,430 | ) |  | (790,560 | )
Long-term debt |  |  |  |  |  |  |  | 5,693,646 |  |  | 4,583,582 |
Total debt |  |  |  |  |  |  |  | $ | 6,623,598 |  |  | 5,409,651 |
_________________
(1) | Amounts are net of unamortized original issue discounts of $7 million and $6 million at December 31, 2018 and 2017, respectively.
(2) | Amounts are inclusive of fair market value adjustments on notes subject to hedging of $10 million and $7 million at December 31, 2018 and 2017, respectively. The notional amount of the executed interest rate swaps designated as fair value hedges was $725 million and $825 million at December 31, 2018 and 2017, respectively. Refer to Note 17, "Derivatives," for additional information.
Maturities of debt | Maturities of total debt are as follows:
|  | Capital Leases |  | Debt
|  | (In thousands)
2019 |  | $ | 7,364 |  |  | 922,588 |
2020 |  | 4,729 |  |  | 1,290,370 |
2021 |  | 4,040 |  |  | 1,058,104 |
2022 |  | 2,732 |  |  | 717,413 |
2023 |  | 1,213 |  |  | 2,334,059 |
Thereafter |  | 5,162 |  |  | 297,379 |
Total |  | 25,240 |  |  | 6,619,913 |
Imputed interest |  | (3,467 | ) |  |
Present value of minimum capitalized lease payments |  | 21,773 |  |  |
Current portion |  | (7,364 | ) |  |
Long-term capitalized lease obligation |  | $ | 14,409 |  |  |

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

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -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
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration