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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of Debt |
| Weighted Average Interest Rate |  |  |  |  |  |  |  |
| September 30, 2020 |  |  |  | Maturities |  | September 30, 2020 |  | December 31, 2019
|  |  |  |  |  |  | (In thousands)
Debt: |  |  |  |  |  |  |  |  |
U.S. commercial paper (1) | 0.25% |  |  |  | 2023 |  | $ | 55,408 |  |  | $ | 511,486 |
Canadian commercial paper (1) | 0.99% |  |  |  | 2023 |  | 96,040 |  |  | 136,199 |
Trade receivables program | —% |  |  |  | 2021 |  | — |  |  | — |
Global revolving credit facility | 1.25% |  |  |  | 2023 |  | 800 |  |  | 8,104 |
Unsecured U.S. notes — Medium-term notes (1)(2) | 3.36% |  |  |  | 2021-2026 |  | 5,770,695 |  |  | 5,965,064 |
Unsecured U.S. obligations | 2.53% |  |  |  | 2021-2024 |  | 500,000 |  |  | 200,000 |
Unsecured foreign obligations | 1.80% |  |  |  | 2021-2024 |  | 271,639 |  |  | 270,719 |
Asset-backed U.S. obligations (3) | 2.52% |  |  |  | 2020-2026 |  | 720,925 |  |  | 807,374 |
Finance lease obligations and other |  |  |  |  | 2020-2073 |  | 47,456 |  |  | 51,717 |
|  |  |  |  |  |  | 7,462,963 |  |  | 7,950,663 |
Debt issuance costs |  |  |  |  |  |  | (26,391) |  |  | (25,875) |
Total debt |  |  |  |  |  |  | 7,436,572 |  |  | 7,924,788 |
Short-term debt and current portion of long-term debt |  |  |  |  |  |  | (1,133,396) |  |  | (1,154,564) |
Long-term debt |  |  |  |  |  |  | $ | 6,303,176 |  |  | $ | 6,770,224 |
———————————— (1)Amounts are net of unamortized original issue discounts of $5 million and $6 million as of September 30, 2020 and December 31, 2019, respectively. (2)Includes the impact from the fair market values of hedging instruments on our notes, which were not material as of both September 30, 2020 and December 31, 2019. The notional amount of the executed interest rate swaps designated as fair value hedges was $150 million and $525 million as of September 30, 2020 and December 31, 2019, respectively. (3)Asset-backed U.S. obligations are related to financing transactions backed by a portion of our revenue earning equipment. Debt Proceeds and Repayments The following table includes our debt proceeds and repayments for the nine months ended September 30, 2020.
Debt Proceeds |  | Debt Repayments
(In thousands)
Medium-term notes | $ | 799,648 |  |  | Medium-term notes | $ | 1,000,000 |
Trade receivables program | 300,000 |  |  | Trade receivables program | 300,000 |
U.S. and foreign term loans and other | 656,849 |  |  | U.S. and foreign term loan, finance lease obligations, and other repayments | 448,121 |
Total debt proceeds | $ | 1,756,497 |  |  | Total debt repaid | $ | 1,748,121 |

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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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