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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Debt |
|  | Weighted Average Interest Rate |  |  |  |  |  |
(Dollars in thousands) |  | September 30, 2022 |  | Maturities |  | September 30, 2022 |  | December 31, 2021
Debt: |  |  |  |  |  |  |  |
U.S. commercial paper |  | 2.94% |  | 2026 |  | $ | 849,269 |  |  | $ | 531,157 |
Canadian commercial paper |  | —% |  | 2026 |  | — |  |  | 7,087 |
Trade receivables financing program |  | 3.56% |  | 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) |  | 3.58% |  | 2023-2027 |  | 4,700,106 |  |  | 5,149,893 |
Unsecured foreign obligations |  | 2.88% |  | 2024 |  | 50,000 |  |  | 140,265 |
Asset-backed U.S. obligations (2) |  | 2.80% |  | 2022-2029 |  | 466,013 |  |  | 526,712 |
Finance lease obligations and other |  |  |  | 2022-2031 |  | 38,539 |  |  | 44,595 |
|  |  |  |  |  | 6,353,926 |  |  | 6,599,709 |
Debt issuance costs and original issue discounts |  |  |  |  |  | (19,784) |  |  | (20,040) |
Total debt |  |  |  |  |  | 6,334,142 |  |  | 6,579,669 |
Short-term debt and current portion of long-term debt |  |  |  |  |  | (1,049,109) |  |  | (1,333,363) |
Long-term debt |  |  |  |  |  | $ | 5,285,033 |  |  | $ | 5,246,306 |
———————————— (1)Includes the impact from the fair market values of hedging instruments on our notes, which was $50 million as of September 30, 2022, and not material as of December 31, 2021, and was included in "Other non-current liabilities" within the unaudited Condensed Consolidated Balance Sheets. The notional amount of the executed interest rate swaps designated as fair value hedges was $500 million and $450 million as of September 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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