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DEBT (Tables)

9 Months Ended

Sep. 30, 2021


	Weighted Average Interest Rate
	September 30, 2021	Maturities	September 30, 2021		December 31, 2020
			(In thousands)




Debt:
U.S. commercial paper	0.18%	2023	$	166,626	$	214,375
Canadian commercial paper	0.29%	2023	14,946		62,800
Trade receivables financing program	—%	2022	—		—
Global revolving credit facility	—%	2023	—		200
Unsecured U.S. obligations	3.47%	2024	200,000		200,000
Unsecured U.S. notes — Medium-term notes (1)	3.40%	2022-2026	4,852,348		5,174,180
Unsecured foreign obligations	1.89%	2022-2024	161,932		254,259
Asset-backed U.S. obligations (2)	2.59%	2021-2026	563,747		682,383
Finance lease obligations and other		2021-2030	47,185		48,418
			6,006,784		6,636,615
Debt issuance costs and original issue discounts			(19,667)		(26,379)
Total debt			5,987,117		6,610,236
Short-term debt and current portion of long-term debt			(1,354,821)		(516,581)
Long-term debt			$	4,632,296	$	6,093,655

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(1)Includes the impact from the fair market values of hedging instruments on our notes, which were not material as of September 30, 2021 and December 31, 2020. The notional amount of interest rate swaps designated as fair value hedges was $150 million as of September 30, 2021 and December 31, 2020.

(2)Asset-backed U.S. obligations are related to financing transactions backed by a portion of our revenue earning equipment.