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v3.21.1

Notes Payable - Borrowings (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020
Due within one year: |  |
Current portion of medium-term notes | $ 9,593,477 | $ 10,746,382
Weighted - average rate (as a percent) | 0.49% | 0.59%
Medium-term notes due in: |  |
Two years | $ 2,912,497 | $ 3,004,203
Three years | 2,509,857 | 2,809,551
Four years | 1,308,945 | 927,119
Five years | 1,853,777 | 1,342,250
Thereafter | 3,358,018 | 2,966,172
Total due after one year | 11,943,094 | 11,049,295
Total principal net of discounts | 21,536,571 | 21,795,677
Hedging adjustments | 23,739 | 53,240
Total | $ 21,560,310 | $ 21,848,917
Weighted - average rate (as a percent) | 1.25% | 1.37%
Total weighted - average rate (as a percent) | 0.91% | 0.98%
Two years |  |
Medium-term notes due in: |  |
Weighted - average rate (as a percent) | 0.96% | 1.00%
Three years |  |
Medium-term notes due in: |  |
Weighted - average rate (as a percent) | 1.16% | 1.24%
Four years |  |
Medium-term notes due in: |  |
Weighted - average rate (as a percent) | 1.25% | 1.67%
Five years |  |
Medium-term notes due in: |  |
Weighted - average rate (as a percent) | 0.84% | 1.03%
Thereafter |  |
Medium-term notes due in: |  |
Weighted - average rate (as a percent) | 1.81% | 1.92%
Discount notes |  |
Due within one year: |  |
Current portion of medium-term notes | $ 1,675,995 | $ 1,797,175
Weighted - average rate (as a percent) | 0.06% | 0.11%
Short-term debt, average outstanding during the quarter | $ 1,625,416 | $ 2,343,702
Weighted - average rate, average outstanding during the quarter (as a percent) | 0.11% | 0.63%
Medium-term notes |  |
Due within one year: |  |
Current portion of medium-term notes | $ 2,514,691 | $ 2,645,146
Weighted - average rate (as a percent) | 0.14% | 0.19%
Short-term debt, average outstanding during the quarter | $ 2,725,057 | $ 1,593,253
Weighted - average rate, average outstanding during the quarter (as a percent) | 0.16% | 0.60%
Current portion of medium-term notes |  |
Due within one year: |  |
Current portion of medium-term notes | $ 5,402,791 | $ 6,304,061
Weighted - average rate (as a percent) | 0.78% | 0.90%

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