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v3.22.2.2

Debt | 9 Months Ended
--- | ---
Sep. 25, 2022
Debt Disclosure [Abstract] |
Debt | 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 |
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 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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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1E -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 + Details
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