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Debt (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Debt With Contractual Term Less Than One Year | Debt with a contractual term less than one year is generally classified as short-term debt and consisted of the following at December 31, (in thousands):
| 2019 |  | 2018
Unsecured commercial paper | $ | 571,995 |  |  | $ | 1,135,810 |
Debt With A Contractual Term Greater Than One Year | Debt with a contractual term greater than one year is generally classified as long-term debt and consisted of the following at December 31, (in thousands):
|  |  | 2019 |  | 2018
Secured debt: |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility |  |  | $ | 114,693 |  |  | $ | 155,951 |
Asset-backed U.S. commercial paper conduit facilities |  |  | 490,427 |  |  | 582,717 |
Asset-backed securitization debt |  |  | 766,965 |  |  | 95,216 |
Unamortized discounts and debt issuance costs |  |  | (2,573 | ) |  | (49 | )
|  |  | 1,369,512 |  |  | 833,835 |
|  |  | 2019 |  | 2018
Unsecured notes (at par value): |  |  |  |  |
Medium-term notes: |  |  |  |  |
Due in 2019, issued January 2016 | 2.25 | % |  | — |  |  | 600,000 |
Due in 2019, issued March 2017 | LIBOR + 0.35% |  |  | — |  |  | 150,000 |
Due in 2019, issued September 2014 | 2.40 | % |  | — |  |  | 600,000 |
Due in 2020, issued February 2015 | 2.15 | % |  | 600,000 |  |  | 600,000 |
Due in 2020, issued May 2018 | LIBOR + 0.50% |  |  | 450,000 |  |  | 450,000 |
Due in 2020, issued March 2017 | 2.40 | % |  | 350,000 |  |  | 350,000 |
Due in 2021, issued January 2016 | 2.85 | % |  | 600,000 |  |  | 600,000 |
Due in 2021, issued in November 2018 | LIBOR + 0.94% |  |  | 450,000 |  |  | 450,000 |
Due in 2021, issued May 2018 | 3.55 | % |  | 350,000 |  |  | 350,000 |
Due in 2022, issued February 2019 | 4.05 | % |  | 550,000 |  |  | — |
Due in 2022, issued June 2017 | 2.55 | % |  | 400,000 |  |  | 400,000 |
Due in 2023, issued February 2018 | 3.35 | % |  | 350,000 |  |  | 350,000 |
Due in 2024, issued November 2019(a) | 3.14 | % |  | 672,936 |  |  | — |
Unamortized discounts and debt issuance costs |  |  | (12,809 | ) |  | (12,993 | )
|  |  | 4,760,127 |  |  | 4,887,007 |
Senior notes: |  |  |  |  |
Due in 2025, issued July 2015 | 3.50 | % |  | 450,000 |  |  | 450,000 |
Due in 2045, issued July 2015 | 4.625 | % |  | 300,000 |  |  | 300,000 |
Unamortized discounts and debt issuance costs |  |  | (6,704 | ) |  | (7,376 | )
|  |  | 743,296 |  |  | 742,624 |
|  |  | 5,503,423 |  |  | 5,629,631 |
Long-term debt |  |  | 6,872,935 |  |  | 6,463,466 |
Current portion of long-term debt, net |  |  | (1,748,109 | ) |  | (1,575,799 | )
Long-term debt, net |  |  | $ | 5,124,826 |  |  | $ | 4,887,667 |
(a) Euro denominated €600.0 million par value remeasured to U.S. dollar at December 31, 2019 At December 31, 2019, the Consolidated balance sheets included outstanding balances related to the following secured notes with the related maturity dates and interest rates (in thousands):
Issue Date |  | Principal Amount at Date of Issuance |  | Weighted-Average Rate at Date of Issuance |  | Contractual Maturity Date
June 2019 |  | $525,000 |  | 2.37% |  | July 2020 - November 2026
May 2019 |  | $500,000 |  | 3.05% |  | July 2026
In addition, outstanding balances related to the following secured notes included in the Consolidated balance sheets at December 31, 2018 were repaid during 2019 (in thousands):
Issue Date |  | Principal Amount at Date of Issuance |  | Weighted-Average Rate at Date of Issuance |  | Contractual Maturity Date
May 2015 |  | $500,000 |  | 0.88% |  | May 2016 - December 2022
January 2015 |  | $700,000 |  | 0.89% |  | February 2016 - August 2022
Schedule of Maturities of Long-term Debt | The Company’s future principal payments on debt obligations as of December 31, 2019 were as follows (in thousands):
2020 | $ | 2,326,688 |
2021 | 1,751,129 |
2022 | 1,351,281 |
2023 | 614,982 |
2024 | 672,936 |
Thereafter | 750,000 |
| $ | 7,467,016 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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