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Debt (Tables)

9 Months Ended

Sep. 30, 2024

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 30, 2024						December 31, 2023						September 30, 2023
Unsecured commercial paper			$	497,373					$	878,935					$	815,081

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 30, 2024						December 31, 2023						September 30, 2023
Secured debt:
Asset-backed Canadian commercial paper conduit facility						$	94,142					$	70,742					$	79,755
Asset-backed U.S. commercial paper conduit facility						378,968						233,258						272,766
Asset-backed securitization debt						2,252,468						1,884,629						2,147,548
Unamortized discounts and debt issuance costs						(7,726)						(7,261)						(8,864)
						2,717,852						2,181,368						2,491,205
Unsecured notes (at par value):
Medium-term notes:
Due in 2024, issued November 2019(a)			3.14		%	669,864						662,238						634,464
Due in 2025, issued June 2020			3.35		%	700,000						700,000						700,000
Due in 2026, issued April 2023(b)			6.36		%	781,508						772,610						740,207
Due in 2027, issued February 2022			3.05		%	500,000						500,000						500,000
Due in 2028, issued March 2023			6.50		%	700,000						700,000						700,000
Due in 2029, issued June 2024			5.95		%	500,000						—						—
Unamortized discounts and debt issuance costs						(14,800)						(15,710)						(17,275)
						3,836,572						3,319,138						3,257,396
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						(3,382)						(3,921)						(4,100)
						746,618						746,079						745,900
						4,583,190						4,065,217						4,003,296
Long-term debt						7,301,042						6,246,585						6,494,501
Current portion of long-term debt, net						(2,561,535)						(1,255,999)						(638,496)
Long-term debt, net						$	4,739,507					$	4,990,586					$	5,856,005

(a)€600.0 million par value remeasured to U.S. dollar at September 30, 2024, December 31, 2023, and September 30, 2023, respectively

(b)€700.0 million par value remeasured to U.S. dollar at September 30, 2024, December 31, 2023, and September 30, 2023, respectively

Schedule of Maturities of Long-term Debt

Future principal payments of the Company's debt obligations as of September 30, 2024 were as follows (in thousands):

2024			$	1,348,574
2025			1,892,265
2026			1,514,557
2027			1,089,974
2028			1,059,167
Thereafter			919,786
Future principal payments			7,824,323
Unamortized discounts and debt issuance costs			(25,908)
			$	7,798,415

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

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