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Debt | 9 Months Ended
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Sep. 24, 2017
Debt Disclosure [Abstract] |
Debt | Debt Debt with a contractual term of one year or less is generally classified as short-term debt and consisted of the following (in thousands):
|  | September 24, 2017 |  | December 31, 2016 |  | September 25, 2016
Unsecured commercial paper |  | $ | 834,875 |  |  | $ | 1,055,708 |  |  | $ | 1,055,428 |
Total short-term debt |  | $ | 834,875 |  |  | $ | 1,055,708 |  |  | $ | 1,055,428 |
Debt with a contractual term greater than one year is generally classified as long-term debt and consisted of the following (in thousands):
|  | September 24, 2017 |  | December 31, 2016 |  | September 25, 2016
Secured debt (Note 10) |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility |  | $ | 122,130 |  |  | $ | 149,338 |  |  | $ | 140,488 |
Asset-backed U.S. commercial paper conduit facilities |  | 280,308 |  |  | — |  |  | — |
Asset-backed securitization debt |  | 430,457 |  |  | 797,755 |  |  | 927,539 |
Less: unamortized discount and debt issuance costs |  | (624 | ) |  | (1,480 | ) |  | (1,920 | )
Total secured debt |  | 832,271 |  |  | 945,613 |  |  | 1,066,107 |
Unsecured notes |  |  |  |  |  |
2.70% Medium-term notes due in 2017 par value, issued January 2012 |  | — |  |  | 400,000 |  |  | 400,000 |
1.55% Medium-term notes due in 2017 par value, issued November 2014 |  | 400,000 |  |  | 400,000 |  |  | 400,000 |
6.80% Medium-term notes due in 2018 par value, issued May 2008 |  | 877,488 |  |  | 877,488 |  |  | 877,488 |
2.25% Medium-term notes due in 2019 par value, issued January 2016 |  | 600,000 |  |  | 600,000 |  |  | 600,000 |
Floating-rate Medium-term notes due in 2019 par value, issued March 2017 |  | 150,000 |  |  | — |  |  | — |
2.40% Medium-term notes due in 2019 par value, issued September 2014 |  | 600,000 |  |  | 600,000 |  |  | 600,000 |
2.15% Medium-term notes due in 2020 par value, issued February 2015 |  | 600,000 |  |  | 600,000 |  |  | 600,000 |
2.40% Medium-term notes due in 2020 par value, issued March 2017 |  | 350,000 |  |  | — |  |  | — |
2.85% Medium-term notes due in 2021 par value, issued January 2016 |  | 600,000 |  |  | 600,000 |  |  | 600,000 |
2.55% Medium-term notes due in 2022 par value, issued June 2017 |  | 400,000 |  |  | — |  |  | — |
3.50% Senior unsecured notes due in 2025 par value, issued July 2015 |  | 450,000 |  |  | 450,000 |  |  | 450,000 |
4.625% Senior unsecured notes due in 2045 par value, issued July 2015 |  | 300,000 |  |  | 300,000 |  |  | 300,000 |
Less: unamortized discount and debt issuance costs |  | (21,567 | ) |  | (21,242 | ) |  | (22,834 | )
Gross long-term debt |  | 6,138,192 |  |  | 5,751,859 |  |  | 5,870,761 |
Less: current portion of long-term debt, net of unamortized discount and debt issuance costs |  | (1,530,401 | ) |  | (1,084,884 | ) |  | (700,152 | )
Total long-term debt |  | $ | 4,607,791 |  |  | $ | 4,666,975 |  |  | $ | 5,170,609 |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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