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v3.23.2

Debt (Tables) | 6 Months Ended
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Jun. 30, 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):
| June 30, 2023 |  | December 31, 2022 |  | June 26, 2022
Unsecured commercial paper | $ | 695,356 |  |  | $ | 770,468 |  |  | $ | 701,384 |
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):
|  | June 30, 2023 |  | December 31, 2022 |  | June 26, 2022 |
Secured debt: |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility |  | $ | 84,269 |  |  | $ | 71,785 |  |  | $ | 77,984 |  |
Asset-backed U.S. commercial paper conduit facility |  | 318,406 |  |  | 425,794 |  |  | 570,628 |  |
Asset-backed securitization debt |  | 1,932,779 |  |  | 2,028,155 |  |  | 2,860,810 |  |
Unamortized discounts and debt issuance costs |  | (8,234) |  |  | (8,741) |  |  | (12,889) |  |
|  | 2,327,220 |  |  | 2,516,993 |  |  | 3,496,533 |  |
Unsecured notes (at par value): |  |  |  |  |  |  |
Medium-term notes: |  |  |  |  |  |  |
Due in 2023, issued February 2018 | 3.35 | % | — |  |  | 350,000 |  |  | 350,000 |  |
Due in 2023, issued May 2020(a) | 4.94 | % | — |  |  | 695,727 |  |  | 681,837 |  |
Due in 2024, issued November 2019(b) | 3.14 | % | 653,484 |  |  | 642,210 |  |  | 629,388 |  |
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 |  |  | — |  |  | — |  |
Due in 2026, issued April 2023(c) | 6.36 | % | 762,398 |  |  | — |  |  | — |  |
Unamortized discounts and debt issuance costs |  | (18,878) |  |  | (8,464) |  |  | (10,905) |  |
|  | 3,297,004 |  |  | 2,879,473 |  |  | 2,850,320 |  |
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 |  | (4,278) |  |  | (4,632) |  |  | (4,984) |  |
|  | 745,722 |  |  | 745,368 |  |  | 745,016 |  |
|  | 4,042,726 |  |  | 3,624,841 |  |  | 3,595,336 |  |
Long-term debt |  | 6,369,946 |  |  | 6,141,834 |  |  | 7,091,869 |  |
Current portion of long-term debt, net |  | (604,700) |  |  | (1,684,782) |  |  | (1,887,552) |  |
Long-term debt, net |  | $ | 5,765,246 |  |  | $ | 4,457,052 |  |  | $ | 5,204,317 |  |
(a)€650.0 million par value remeasured to U.S. dollar at December 31, 2022 and June 26, 2022, respectively (b)€600.0 million par value remeasured to U.S. dollar at June 30, 2023, December 31, 2022, and June 26, 2022, respectively (c)€700.0 million par value remeasured to U.S. dollar at June 30, 2023
Schedule of Maturities of Long-term Debt | Future principal payments of the Company's debt obligations as of June 30, 2023 were as follows (in thousands):
2023 | $ | 1,063,672 |
2024 | 1,246,164 |
2025 | 1,799,753 |
2026 | 1,344,017 |
2027 | 643,085 |
Thereafter | 1,000,001 |
Future principal payments | 7,096,692 |
Unamortized discounts and debt issuance costs | (31,390) |
| $ | 7,065,302 |

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