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v3.20.4

Notes Payable - Borrowings (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019
Due within one year: |  |
Current portion of medium-term notes | $ 10,746,382 | $ 10,019,082
Weighted - average rate (as a percent) | 0.59% | 1.84%
Medium-term notes due in: |  |
Two years | $ 3,004,203 | $ 3,696,699
Three years | 2,809,551 | 1,592,315
Four years | 927,119 | 1,202,817
Five years | 1,342,250 | 762,003
Thereafter | 2,966,172 | 1,818,299
Total due after one year | 11,049,295 | 9,072,133
Total principal net of discounts | 21,795,677 | 19,091,215
Hedging adjustments | 53,240 | 7,433
Total | $ 21,848,917 | $ 19,098,648
Weighted - average rate (as a percent) | 1.37% | 2.28%
Total weighted - average rate (as a percent) | 0.98% | 2.05%
Two years |  |
Medium-term notes due in: |  |
Weighted - average rate (as a percent) | 1.00% | 2.04%
Three years |  |
Medium-term notes due in: |  |
Weighted - average rate (as a percent) | 1.24% | 2.15%
Four years |  |
Medium-term notes due in: |  |
Weighted - average rate (as a percent) | 1.67% | 2.27%
Five years |  |
Medium-term notes due in: |  |
Weighted - average rate (as a percent) | 1.03% | 2.25%
Thereafter |  |
Medium-term notes due in: |  |
Weighted - average rate (as a percent) | 1.92% | 2.89%
Discount notes |  |
Due within one year: |  |
Current portion of medium-term notes | $ 1,797,175 | $ 2,194,177
Weighted - average rate (as a percent) | 0.11% | 1.72%
Short-term debt, average outstanding during the quarter | $ 2,343,702 | $ 1,977,214
Weighted - average rate, average outstanding during the quarter (as a percent) | 0.63% | 2.25%
Medium-term notes |  |
Due within one year: |  |
Current portion of medium-term notes | $ 2,645,146 | $ 1,152,770
Weighted - average rate (as a percent) | 0.19% | 1.98%
Short-term debt, average outstanding during the quarter | $ 1,593,253 | $ 1,780,517
Weighted - average rate, average outstanding during the quarter (as a percent) | 0.60% | 2.33%
Current portion of medium-term notes |  |
Due within one year: |  |
Current portion of medium-term notes | $ 6,304,061 | $ 6,672,135
Weighted - average rate (as a percent) | 0.90% | 1.85%

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