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DEBT (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Debt |
|  | Weighted Average Interest Rate |  |  |  |  |  |
(Dollars in thousands) |  | June 30, 2022 |  | Maturities |  | June 30, 2022 |  | December 31, 2021
Debt: |  |  |  |  |  |  |  |
U.S. commercial paper |  | 1.59% |  | 2026 |  | $ | 746,252 |  |  | $ | 531,157 |
Canadian commercial paper |  | —% |  | 2026 |  | — |  |  | 7,087 |
Trade receivables financing program |  | 0.44% |  | 2023 |  | 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) |  | 3.42% |  | 2022-2027 |  | 5,019,000 |  |  | 5,149,893 |
Unsecured foreign obligations |  | 2.72% |  | 2022-2024 |  | 111,533 |  |  | 140,265 |
Asset-backed U.S. obligations (2) |  | 2.67% |  | 2022-2026 |  | 447,621 |  |  | 526,712 |
Finance lease obligations and other |  |  |  | 2022-2030 |  | 40,796 |  |  | 44,595 |
|  |  |  |  |  | 6,615,201 |  |  | 6,599,709 |
Debt issuance costs and original issue discounts |  |  |  |  |  | (21,967) |  |  | (20,040) |
Total debt |  |  |  |  |  | 6,593,234 |  |  | 6,579,669 |
Short-term debt and current portion of long-term debt |  |  |  |  |  | (1,414,684) |  |  | (1,333,363) |
Long-term debt |  |  |  |  |  | $ | 5,178,550 |  |  | $ | 5,246,306 |
———————————— (1)Includes the impact from the fair market values of hedging instruments on our notes, which was $31 million as of June 30, 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 June 30, 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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