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Debt (Tables) | 6 Months Ended
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Jun. 28, 2020
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following (in thousands):
| June 28, 2020 |  | December 31, 2019 |  | June 30, 2019
Unsecured commercial paper | $ | 1,397,388 |  |  | $ | 571,995 |  |  | $ | 405,695 |
364-day credit facility borrowings | 150,000 |  |  | — |  |  | — |
| $ | 1,547,388 |  |  | $ | 571,995 |  |  | $ | 405,695 |
Schedule of Long-term Debt Instruments | Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following (in thousands):
|  | June 28, 2020 |  | December 31, 2019 |  | June 30, 2019
Secured debt: |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility |  | $ | 144,661 |  |  | $ | 114,693 |  |  | $ | 148,740 |
Asset-backed U.S. commercial paper conduit facilities |  | 540,840 |  |  | 490,427 |  |  | 464,136 |
Asset-backed securitization debt |  | 2,472,529 |  |  | 766,965 |  |  | 1,006,410 |
Unamortized discounts and debt issuance costs |  | (11,422) |  |  | (2,573) |  |  | (3,541) |
|  | 3,146,608 |  |  | 1,369,512 |  |  | 1,615,745 |
Unsecured notes (at par value): |  |  |  |  |  |
Medium-term notes: |  |  |  |  |  |
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 |  |  | 600,000 |
Due in 2021, issued November 2018 | LIBOR + 0.94% | 450,000 |  |  | 450,000 |  |  | 450,000 |
Due in 2021, issued May 2018 | 3.55 | % | 350,000 |  |  | 350,000 |  |  | 350,000 |
Due in 2022, issued February 2019 | 4.05 | % | 550,000 |  |  | 550,000 |  |  | 550,000 |
Due in 2022, issued June 2017 | 2.55 | % | 400,000 |  |  | 400,000 |  |  | 400,000 |
Due in 2023, issued February 2018 | 3.35 | % | 350,000 |  |  | 350,000 |  |  | 350,000 |
Due in 2023, issued May 2020(a) | 4.94 | % | 729,885 |  |  | — |  |  | — |
Due in 2024, issued November 2019(b) | 3.14 | % | 673,740 |  |  | 672,936 |  |  | — |
Due in 2025, issued June 2020 | 3.35 | % | 700,000 |  |  | — |  |  | — |
Unamortized discounts and debt issuance costs |  | (19,332) |  |  | (12,809) |  |  | (12,340) |
|  | 4,784,293 |  |  | 4,760,127 |  |  | 4,687,660 |
|  | June 28, 2020 |  | December 31, 2019 |  | June 30, 2019
Senior notes: |  |  |  |  |  |
Due in 2025, issued July 2015 | 3.50 | % | 450,000 |  |  | 450,000 |  |  | 450,000 |
Due in 2045, issued July 2015 | 4.625 | % | 300,000 |  |  | 300,000 |  |  | 300,000 |
Unamortized discounts and debt issuance costs |  | (6,365) |  |  | (6,704) |  |  | (7,041) |
|  | 743,635 |  |  | 743,296 |  |  | 742,959 |
|  | 5,527,928 |  |  | 5,503,423 |  |  | 5,430,619 |
Long-term debt |  | 8,674,536 |  |  | 6,872,935 |  |  | 7,046,364 |
Current portion of long-term debt, net |  | (2,186,037) |  |  | (1,748,109) |  |  | (2,396,188) |
Long-term debt, net |  | $ | 6,488,499 |  |  | $ | 5,124,826 |  |  | $ | 4,650,176 |
(a)Euro denominated, €650.0 million par value remeasured to U.S. dollar at June 28, 2020 (b)Euro denominated, €600.0 million par value remeasured to U.S. dollar at June 28, 2020 and December 31, 2019, respectively

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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=120391452&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=119993939&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=120395691&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=119993939&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 short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + 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 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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