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Asset-Backed Financing (Tables) | 3 Months Ended
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Mar. 28, 2021
Transfers and Servicing [Abstract] |
Assets and Liabilities Related to the On-Balance Sheet Financing | The assets and liabilities related to the on-balance sheet asset-backed financings included in the Consolidated balance sheets were as follows (in thousands):
| March 28, 2021
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 2,448,681 |  |  | $ | (126,053) |  |  | $ | 166,694 |  |  | $ | 2,852 |  |  | $ | 2,492,174 |  |  | $ | 2,099,258 |
Asset-backed U.S. commercial paper conduit facility | 378,035 |  |  | (19,432) |  |  | 30,252 |  |  | 1,175 |  |  | 390,030 |  |  | 350,648 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 115,742 |  |  | (5,388) |  |  | 9,743 |  |  | 206 |  |  | 120,303 |  |  | 102,543 |
| $ | 2,942,458 |  |  | $ | (150,873) |  |  | $ | 206,689 |  |  | $ | 4,233 |  |  | $ | 3,002,507 |  |  | $ | 2,552,449 |
| December 31, 2020
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 2,129,372 |  |  | $ | (124,627) |  |  | $ | 116,268 |  |  | $ | 2,622 |  |  | $ | 2,123,635 |  |  | $ | 1,791,956 |
Asset-backed U.S. commercial paper conduit facility | 441,402 |  |  | (25,793) |  |  | 26,624 |  |  | 1,131 |  |  | 443,364 |  |  | 402,205 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 133,976 |  |  | (6,508) |  |  | 9,073 |  |  | 126 |  |  | 136,667 |  |  | 116,678 |
| $ | 2,704,750 |  |  | $ | (156,928) |  |  | $ | 151,965 |  |  | $ | 3,879 |  |  | $ | 2,703,666 |  |  | $ | 2,310,839 |
| March 29, 2020
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 1,250,382 |  |  | $ | (62,159) |  |  | $ | 61,945 |  |  | $ | 852 |  |  | $ | 1,251,020 |  |  | $ | 1,156,845 |
Asset-backed U.S. commercial paper conduit facilities | 662,385 |  |  | (32,872) |  |  | 37,290 |  |  | 1,410 |  |  | 668,213 |  |  | 600,000 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 182,353 |  |  | (6,671) |  |  | 10,552 |  |  | 148 |  |  | 186,382 |  |  | 155,243 |
| $ | 2,095,120 |  |  | $ | (101,702) |  |  | $ | 109,787 |  |  | $ | 2,410 |  |  | $ | 2,105,615 |  |  | $ | 1,912,088 |

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- Definition Tabular disclosure of the carrying amount and classification of assets and liabilities recognized in the transferor's statement of financial position at the end of each period presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729 + Details
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- References No definition available. + Details
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