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DEBT (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Debt
 Weighted Average Interest Rate  
(Dollars in thousands)June 30, 2022MaturitiesJune 30, 2022December 31, 2021
Debt:
U.S. commercial paper
1.59%2026$746,252 $531,157 
Canadian commercial paper
—%2026— 7,087 
Trade receivables financing program0.44%202350,000 — 
Global revolving credit facility
—%2026— — 
Unsecured U.S. obligations3.41%2024200,000 200,000 
Unsecured U.S. notes — Medium-term notes (1)
3.42%2022-20275,019,000 5,149,893 
Unsecured foreign obligations2.72%2022-2024111,533 140,265 
Asset-backed U.S. obligations (2)
2.67%2022-2026447,621 526,712 
Finance lease obligations and other2022-203040,796 44,595 
6,615,201 6,599,709 
Debt issuance costs and original issue discounts(21,967)(20,040)
Total debt6,593,234 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 
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(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.