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v3.22.2.2

Debt (Tables) | 9 Months Ended
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Sep. 25, 2022
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):
| September 25, 2022 |  | December 31, 2021 |  | September 26, 2021
Unsecured commercial paper | $ | 692,551 |  |  | $ | 751,286 |  |  | $ | 749,620 |
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):
|  | September 25, 2022 |  | December 31, 2021 |  | September 26, 2021
Secured debt: |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility |  | $ | 82,154 |  |  | $ | 85,054 |  |  | $ | 98,310 |
Asset-backed U.S. commercial paper conduit facility |  | 489,074 |  |  | 272,589 |  |  | 242,254 |
Asset-backed securitization debt |  | 2,416,075 |  |  | 1,634,753 |  |  | 1,961,571 |
Unamortized discounts and debt issuance costs |  | (10,669) |  |  | (7,611) |  |  | (9,203) |
|  | 2,976,634 |  |  | 1,984,785 |  |  | 2,292,932 |
Unsecured notes (at par value): |  |  |  |  |  |
Medium-term notes: |  |  |  |  |  |
Due in 2022, issued February 2019 | 4.05 | % | — |  |  | 550,000 |  |  | 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 |  |  | 350,000 |
Due in 2023, issued May 2020(a) | 4.94 | % | 632,586 |  |  | 737,302 |  |  | 756,763 |
Due in 2024, issued November 2019(b) | 3.14 | % | 583,926 |  |  | 680,586 |  |  | 698,550 |
Due in 2025, issued June 2020 | 3.35 | % | 700,000 |  |  | 700,000 |  |  | 700,000 |
Due in 2027, issued February 2022 | 3.05 | % | 500,000 |  |  | — |  |  | — |
Unamortized discounts and debt issuance costs |  | (9,682) |  |  | (9,228) |  |  | (10,649) |
|  | 2,756,830 |  |  | 3,408,660 |  |  | 3,444,664 |
|  | September 25, 2022 |  | December 31, 2021 |  | September 26, 2021
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 |  | (4,808) |  |  | (5,332) |  |  | (5,506) |
|  | 745,192 |  |  | 744,668 |  |  | 744,494 |
|  | 3,502,022 |  |  | 4,153,328 |  |  | 4,189,158 |
Long-term debt |  | 6,478,656 |  |  | 6,138,113 |  |  | 6,482,090 |
Current portion of long-term debt, net |  | (1,740,422) |  |  | (1,542,496) |  |  | (1,605,798) |
Long-term debt, net |  | $ | 4,738,234 |  |  | $ | 4,595,617 |  |  | $ | 4,876,292 |
(a)€650.0 million par value remeasured to U.S. dollar at September 25, 2022, December 31, 2021, and September 26, 2021, respectively (b)€600.0 million par value remeasured to U.S. dollar at September 25, 2022, December 31, 2021, and September 26, 2021, respectively
Schedule of Maturities of Long-term Debt | Future principal payments of the Company's debt obligations as of September 25, 2022 were as follows (in thousands):
2022 | $ | 978,288 |
2023 | 1,701,700 |
2024 | 1,257,491 |
2025 | 1,866,611 |
2026 | 521,545 |
Thereafter | 870,731 |
Future principal payments | 7,196,366 |
Unamortized discounts and debt issuance costs | (25,159) |
| $ | 7,171,207 |

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