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v3.22.1

Asset-Backed Financing (Tables) | 3 Months Ended
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Mar. 27, 2022
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 27, 2022
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt, net
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 1,755,446 |  |  | $ | (88,090) |  |  | $ | 131,992 |  |  | $ | 3,724 |  |  | $ | 1,803,072 |  |  | $ | 1,357,558 |
Asset-backed U.S. commercial paper conduit facility | 290,481 |  |  | (14,549) |  |  | 24,305 |  |  | 649 |  |  | 300,886 |  |  | 269,534 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 108,052 |  |  | (4,457) |  |  | 8,129 |  |  | 43 |  |  | 111,767 |  |  | 95,664 |
| $ | 2,153,979 |  |  | $ | (107,096) |  |  | $ | 164,426 |  |  | $ | 4,416 |  |  | $ | 2,215,725 |  |  | $ | 1,722,756 |
| December 31, 2021
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt, net
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 2,048,194 |  |  | $ | (102,779) |  |  | $ | 123,717 |  |  | $ | 2,328 |  |  | $ | 2,071,460 |  |  | $ | 1,627,142 |
Asset-backed U.S. commercial paper conduit facility | 297,454 |  |  | (14,898) |  |  | 20,567 |  |  | 654 |  |  | 303,777 |  |  | 272,589 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 97,180 |  |  | (3,990) |  |  | 6,191 |  |  | 139 |  |  | 99,520 |  |  | 85,054 |
| $ | 2,442,828 |  |  | $ | (121,667) |  |  | $ | 150,475 |  |  | $ | 3,121 |  |  | $ | 2,474,757 |  |  | $ | 1,984,785 |
| March 28, 2021
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt, net
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 |

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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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