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v3.23.1

Debt (Tables) | 3 Months Ended
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Mar. 31, 2023
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):
| March 31, 2023 |  | December 31, 2022 |  | March 27, 2022
Unsecured commercial paper | $ | 501,243 |  |  | $ | 770,468 |  |  | $ | 816,016 |
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):
|  | March 31, 2023 |  | December 31, 2022 |  | March 27, 2022
Secured debt: |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility |  | $ | 62,195 |  |  | $ | 71,785 |  |  | $ | 95,664 |
Asset-backed U.S. commercial paper conduit facility |  | 372,816 |  |  | 425,794 |  |  | 269,534 |
Asset-backed securitization debt |  | 2,267,516 |  |  | 2,028,155 |  |  | 1,363,254 |
Unamortized discounts and debt issuance costs |  | (9,717) |  |  | (8,741) |  |  | (5,696) |
|  | 2,692,810 |  |  | 2,516,993 |  |  | 1,722,756 |
Unsecured notes (at par value): |  |  |  |  |  |
Medium-term notes: |  |  |  |  |  |
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 | % | 706,972 |  |  | 695,727 |  |  | 723,886 |
Due in 2024, issued November 2019(b) | 3.14 | % | 652,590 |  |  | 642,210 |  |  | 668,202 |
Due in 2025, issued June 2020 | 3.35 | % | 700,000 |  |  | 700,000 |  |  | 700,000 |
Due in 2027, issued February 2022 | 3.05 | % | 500,000 |  |  | 500,000 |  |  | 500,000 |
Due in 2028, issued March 2023 | 6.50 | % | 700,000 |  |  | — |  |  | — |
Unamortized discounts and debt issuance costs |  | (13,971) |  |  | (8,464) |  |  | (12,243) |
|  | 3,245,591 |  |  | 2,879,473 |  |  | 3,329,845 |
|  | March 31, 2023 |  | December 31, 2022 |  | March 27, 2022
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 |  | (4,455) |  |  | (4,632) |  |  | (5,158) |
|  | 745,545 |  |  | 745,368 |  |  | 744,842 |
|  | 3,991,136 |  |  | 3,624,841 |  |  | 4,074,687 |
Long-term debt |  | 6,683,946 |  |  | 6,141,834 |  |  | 5,797,443 |
Current portion of long-term debt, net |  | (1,408,777) |  |  | (1,684,782) |  |  | (1,327,357) |
Long-term debt, net |  | $ | 5,275,169 |  |  | $ | 4,457,052 |  |  | $ | 4,470,086 |
(a)€650.0 million par value remeasured to U.S. dollar at March 31, 2023, December 31, 2022, and March 27, 2022, respectively (b)€600.0 million par value remeasured to U.S. dollar at March 31, 2023, December 31, 2022, and March 27, 2022, respectively
Schedule of Maturities of Long-term Debt | Future principal payments of the Company's debt obligations as of March 31, 2023 were as follows (in thousands):
2023 | $ | 1,783,948 |
2024 | 1,302,020 |
2025 | 1,857,244 |
2026 | 606,941 |
2027 | 663,172 |
Thereafter | 1,000,007 |
Future principal payments | 7,213,332 |
Unamortized discounts and debt issuance costs | (28,143) |
| $ | 7,185,189 |

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