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Debt (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Debt |
|  | Weighted-Average Interest Rate |  |  |  |  |  |
|  | December 31, |  |  |  | December 31,
|  | 2019 |  | 2018 |  | Maturities |  | 2019 |  | 2018
|  |  |  |  |  |  |  | (In thousands)
Short-term debt and current portion of long-term debt: |  |  |  |  |  |  |  |  |  |
Short-term debt |  | 1.98% |  | 2.69% |  |  |  | $ | 425,676 |  |  | $ | 81,522 |
Current portion of long-term debt, including finance leases |  |  |  |  |  |  |  | 728,888 |  |  | 855,609 |
Total short-term debt and current portion of long-term debt |  |  |  |  |  |  |  | 1,154,564 |  |  | 937,131 |
Total long-term debt: |  |  |  |  |  |  |  |  |  |
U.S. commercial paper (1) |  | 1.99% |  | 2.78% |  | 2023 |  | 119,690 |  |  | 454,397 |
Canadian commercial paper (1) |  | 2.04% |  | 2.28% |  | 2023 |  | 107,128 |  |  | 123,491 |
Trade receivables program |  | —% |  | 3.15% |  | 2020 |  | — |  |  | 200,000 |
Global revolving credit facility |  | 2.10% |  | 3.25% |  | 2023 |  | 8,104 |  |  | 12,581 |
Unsecured U.S. notes – Medium-term notes (1) (2) |  | 3.17% |  | 3.22% |  | 2020-2026 |  | 5,965,064 |  |  | 4,853,496 |
Unsecured U.S. obligations |  | 2.79% |  | 3.50% |  | 2024 |  | 200,000 |  |  | 50,000 |
Unsecured foreign obligations |  | 2.18% |  | 1.61% |  | 2020-2024 |  | 265,910 |  |  | 216,719 |
Asset-backed U.S. obligations (3) |  | 2.50% |  | 2.37% |  | 2020-2026 |  | 807,374 |  |  | 627,707 |
Finance lease obligations (4) |  | 8.18% |  | 7.97% |  | 2020-2073 |  | 51,717 |  |  | 47,452 |
Total long-term debt |  |  |  |  |  |  |  | 7,524,987 |  |  | 6,585,843 |
Debt issuance costs |  |  |  |  |  |  |  | (25,875 | ) |  | (18,088 | )
|  |  |  |  |  |  |  | 7,499,112 |  |  | 6,567,755 |
Current portion of long-term debt, including finance leases |  |  |  |  |  |  |  | (728,888 | ) |  | (855,609 | )
Long-term debt |  |  |  |  |  |  |  | 6,770,224 |  |  | 5,712,146 |
Total debt |  |  |  |  |  |  |  | $ | 7,924,788 |  |  | $ | 6,649,277 |
_________________
(1) | Amounts are net of unamortized original issue discounts of $6 million and $7 million as of December 31, 2019 and 2018, respectively.
(2) | Amounts are inclusive of the fair market values of our hedging instruments on our notes of $10 million as of December 31, 2018. The fair market values of our hedging instruments were not material as of December 31, 2019. The notional amount of the interest rate swaps designated as fair value hedges was $525 million and $725 million as of December 31, 2019 and 2018, respectively.
(3) | Asset-backed U.S. obligations are related to financing transactions backed by a portion of our revenue earning equipment.
(4) Refer to Note 13, "Leases," for additional information.
Schedule of Maturities of Debt | Contractual maturities of total debt, excluding finance lease obligations, are as follows:
Years ending December 31 |  | (In thousands)
2020 |  | $ | 1,322,055 |
2021 |  | 1,082,983 |
2022 |  | 1,295,782 |
2023 |  | 1,930,497 |
2024 |  | 1,511,262 |
Thereafter |  | 755,905 |
Total (1) |  | 7,898,484 |
Finance lease obligations (Refer to Note 13) |  | 51,717 |
Debt issuance costs |  | (25,875 | )
Impact of fair market value adjustments on notes subject to hedging |  | 462 |
Total long-term debt |  | $ | 7,924,788 |
_________________
(1) | Net of unamortized discount.

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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://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
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