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Asset-Backed Financing (Tables) | 12 Months Ended
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Dec. 31, 2022
Transfers and Servicing [Abstract] |
Schedule Of Assets And Liabilities Of Variable Interest Entities | The assets and liabilities related to the on-balance sheet asset-backed financings included in the Consolidated balance sheets at December 31, were as follows (in thousands):
| 2022
| 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 | $ | 2,558,450 |  |  | $ | (130,774) |  |  | $ | 114,254 |  |  | $ | 7,899 |  |  | $ | 2,549,829 |  |  | $ | 2,019,414 |
Asset-backed U.S. commercial paper conduit facility | 474,167 |  |  | (24,236) |  |  | 26,874 |  |  | 1,906 |  |  | 478,711 |  |  | 425,794 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 82,375 |  |  | (3,452) |  |  | 4,873 |  |  | 130 |  |  | 83,926 |  |  | 71,785 |
| $ | 3,114,992 |  |  | $ | (158,462) |  |  | $ | 146,001 |  |  | $ | 9,935 |  |  | $ | 3,112,466 |  |  | $ | 2,516,993 |
| 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 | $ | 2,048,194 |  |  | $ | (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 |
Schedule Of Secured Notes With Related Maturity | Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following at December 31, (in thousands):
|  |  | 2022 |  | 2021
Secured debt: |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility |  |  | $ | 71,785 |  |  | $ | 85,054 |
Asset-backed U.S. commercial paper conduit facility |  |  | 425,794 |  |  | 272,589 |
Asset-backed securitization debt |  |  | 2,028,155 |  |  | 1,634,753 |
Unamortized discounts and debt issuance costs |  |  | (8,741) |  |  | (7,611) |
|  |  | 2,516,993 |  |  | 1,984,785 |
|  |  | 2022 |  | 2021
Unsecured notes (at par value): |  |  |  |  |
Medium-term notes: |  |  |  |  |
Due in 2022, issued February 2019 | 4.05% |  | — |  |  | 550,000 |
Due in 2022, issued June 2017 | 2.55% |  | — |  |  | 400,000 |
Due in 2023, issued February 2018 | 3.35% |  | 350,000 |  |  | 350,000 |
Due in 2023, issued May 2020(a) | 4.94% |  | 695,727 |  |  | 737,302 |
Due in 2024, issued November 2019(b) | 3.14% |  | 642,210 |  |  | 680,586 |
Due in 2025, issued June 2020 | 3.35% |  | 700,000 |  |  | 700,000 |
Due in 2027, issued February 2022 | 3.05% |  | 500,000 |  |  | — |
Unamortized discounts and debt issuance costs |  |  | (8,464) |  |  | (9,228) |
|  |  | 2,879,473 |  |  | 3,408,660 |
Senior notes: |  |  |  |  |
Due in 2025, issued July 2015 | 3.50% |  | 450,000 |  |  | 450,000 |
Due in 2045, issued July 2015 | 4.625% |  | 300,000 |  |  | 300,000 |
Unamortized discounts and debt issuance costs |  |  | (4,632) |  |  | (5,332) |
|  |  | 745,368 |  |  | 744,668 |
|  |  | 3,624,841 |  |  | 4,153,328 |
Long-term debt |  |  | 6,141,834 |  |  | 6,138,113 |
Current portion of long-term debt, net |  |  | (1,684,782) |  |  | (1,542,496) |
Long-term debt, net |  |  | $ | 4,457,052 |  |  | $ | 4,595,617 |
(a)€650.0 million par value remeasured to U.S. dollar at December 31, 2022 and 2021, respectively (b)€600.0 million par value remeasured to U.S. dollar at December 31, 2022 and 2021, respectively At December 31, 2022, the Consolidated balance sheets included outstanding balances related to the following secured notes with the related maturity dates and interest rates (in thousands):
Issue Date |  | Principal Amount at Date of Issuance |  | Weighted-Average Rate at Date of Issuance |  | Contractual Maturity Date at Date of Issuance
June 2022 |  | $1,286,262 |  | 2.45% |  | April 2028
April 2022 |  | $550,000 |  | 2.40% |  | April 2023 - January 2030
August 2021 |  | $575,000 |  | 0.42% |  | August 2022 - May 2029
February 2021 |  | $600,000 |  | 0.30% |  | February 2022 - September 2028
May 2020 |  | $750,178 |  | 3.38% |  | April 2028
January 2020 |  | $525,000 |  | 1.83% |  | February 2021 - April 2027
June 2019 |  | $525,000 |  | 2.37% |  | July 2020 - November 2026
In addition, outstanding balances related to the following secured notes included in the Consolidated balance sheets at December 31, 2021 were repaid during 2022 (in thousands):
Issue Date |  | Principal Amount at Date of Issuance |  | Weighted-Average Rate at Date of Issuance |  | Contractual Maturity Date at Date of Issuance
May 2020 |  | $500,000 |  | 2.37% |  | October 2021 - October 2028
April 2020 |  | $300,000 |  | 3.30% |  | November 2027
May 2019 |  | $500,000 |  | 3.05% |  | July 2026

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