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DEBT (Tables) | 3 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Debt |
| Weighted Average Interest Rate |  |  |  |  |  |
| March 31, 2022 |  | Maturities |  | March 31, 2022 |  | December 31, 2021
|  |  |  |  | (In thousands)
Debt: |  |  |  |  |  |  |
U.S. commercial paper | 0.69% |  | 2026 |  | $ | 601,711 |  |  | $ | 531,157 |
Canadian commercial paper | —% |  | 2026 |  | — |  |  | 7,087 |
Trade receivables financing program | 0.44% |  | 2022 |  | 50,000 |  |  | — |
Global revolving credit facility | —% |  | 2026 |  | — |  |  | — |
Unsecured U.S. obligations | 3.41% |  | 2024 |  | 200,000 |  |  | 200,000 |
Unsecured U.S. notes — Medium-term notes (1) | 3.21% |  | 2022-2027 |  | 5,279,035 |  |  | 5,149,893 |
Unsecured foreign obligations | 2.31% |  | 2022-2024 |  | 117,487 |  |  | 140,265 |
Asset-backed U.S. obligations (2) | 2.63% |  | 2022-2026 |  | 510,275 |  |  | 526,712 |
Finance lease obligations and other |  |  | 2022-2030 |  | 44,102 |  |  | 44,595 |
|  |  |  |  | 6,802,610 |  |  | 6,599,709 |
Debt issuance costs and original issue discounts |  |  |  |  | (21,834) |  |  | (20,040) |
Total debt |  |  |  |  | 6,780,776 |  |  | 6,579,669 |
Short-term debt and current portion of long-term debt |  |  |  |  | (1,559,928) |  |  | (1,333,363) |
Long-term debt |  |  |  |  | $ | 5,220,848 |  |  | $ | 5,246,306 |
———————————— (1)Includes the impact from the fair market values of hedging instruments on our notes, which was $21 million as of March 31, 2022 and not material as of December 31, 2021. The notional amount of the executed interest rate swaps designated as fair value hedges was $650 million and $450 million as of March 31, 2022 and December 31, 2021, respectively. (2)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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