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DEBT (Tables) | 3 Months Ended
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Mar. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Debt |
| Weighted-Average Interest Rate |  |  |  |  |  |
| March 31, 2019 |  | December 31, 2018 |  | Maturities |  | March 31, 2019 |  | December 31, 2018
|  |  |  |  |  |  | (In thousands)
Short-term debt and current portion of long-term debt: |  |  |  |  |  |  |  |  |
Short-term debt | 1.46% |  | 2.69% |  |  |  | $ | 210,185 |  |  | 81,522 |
Current portion of long-term debt, including finance leases |  |  |  |  |  | 907,304 |  |  | 855,609 |
Total short-term debt and current portion of long-term debt |  |  |  |  |  | 1,117,489 |  |  | 937,131 |
Long-term debt: |  |  |  |  |  |  |  |  |
U.S. commercial paper (1) | 2.76% |  | 2.78% |  | 2023 |  | 695,272 |  |  | 454,397 |
Canadian commercial paper (1) | 1.99% |  | 2.28% |  | 2023 |  | 105,169 |  |  | 123,491 |
Trade receivables program | —% |  | 3.15% |  | 2019 |  | — |  |  | 200,000 |
Global revolving credit facility | 2.28% |  | 2.25% |  | 2023 |  | 13,224 |  |  | 12,581 |
Unsecured U.S. notes — Medium-term notes (1)(2) | 3.30% |  | 3.22% |  | 2019-2025 |  | 5,207,369 |  |  | 4,853,496 |
Unsecured U.S. obligations | 3.49% |  | 3.50% |  | 2019-2024 |  | 250,000 |  |  | 50,000 |
Unsecured foreign obligations | 2.67% |  | 1.61% |  | 2020-2021 |  | 33,710 |  |  | 216,719 |
Asset-backed U.S. obligations (3) | 2.36% |  | 2.37% |  | 2019-2025 |  | 605,634 |  |  | 627,707 |
Finance lease obligations | 8.32% |  | 7.97% |  | 2019-2073 |  | 43,702 |  |  | 47,452 |
Total long-term debt |  |  |  |  |  |  | 6,954,080 |  |  | 6,585,843 |
Debt issuance costs |  |  |  |  |  |  | (21,097 | ) |  | (18,088 | )
|  |  |  |  |  |  | 6,932,983 |  |  | 6,567,755 |
Current portion of long-term debt, including finance leases |  |  |  |  |  | (907,304 | ) |  | (855,609 | )
Long-term debt |  |  |  |  |  |  | 6,025,679 |  |  | 5,712,146 |
Total debt |  |  |  |  |  |  | $ | 7,143,168 |  |  | 6,649,277 |
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(1) | Amounts are net of unamortized original issue discounts of $7 million at March 31, 2019 and December 31, 2018, respectively.
(2) | Amounts are inclusive of fair market value adjustments on notes subject to hedging of $6 million and $10 million at March 31, 2019 and December 31, 2018, respectively. The notional amount of the executed interest rate swaps designated as fair value hedges was $725 million at March 31, 2019 and December 31, 2018. Refer to Note 8, "Derivatives," for additional information.
(3) | Asset-backed U.S. obligations are related to financing transactions backed by a portion of our revenue earning equipment.

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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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