v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
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,
2026		December 31,
2025		March 31,
2025
Unsecured commercial paper$498,685 $497,776 $498,500 
Schedule of Long-term Debt Instruments
Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following (in thousands): 
March 31,
2026		December 31,
2025		March 31,
2025
Secured debt:
Asset-backed Canadian commercial paper conduit facility$— $— $68,275 
Asset-backed U.S. commercial paper conduit facility— — 531,260 
Asset-backed securitization debt— — 1,663,711 
Unamortized discounts and debt issuance costs— — (4,966)
— — 2,258,280 
Unsecured notes (at par value):
Medium-term notes:
Due in 2025, issued June 20203.35 %— — 700,000 
Due in 2026, issued April 2023(a)
6.36 %— 821,814 758,051 
Due in 2027, issued February 20223.05 %500,000 500,000 500,000 
Due in 2028, issued March 20236.50 %— — 700,000 
Due in 2029, issued June 20245.95 %144,903 144,903 500,000 
Due in 2030, issued March 2025(b)
5.61 %700,487 716,152 660,587 
Unamortized discounts and debt issuance costs(9,588)(10,906)(21,538)
1,335,802 2,171,963 3,797,100 
Senior notes:
Due in 2025, issued July 20153.50 %— — 450,000 
Due in 2045, issued July 20154.625 %300,000 300,000 300,000 
Unamortized discounts and debt issuance costs(2,691)(2,722)(3,019)
297,309 297,278 746,981 
1,633,111 2,469,241 4,544,081 
Long-term debt1,633,111 2,469,241 6,802,361 
Current portion of long-term debt, net(498,246)(819,629)(1,839,100)
Long-term debt, net$1,134,865 $1,649,612 $4,963,261 

(a)€700.0 million par value remeasured to U.S. dollar at December 31, 2025 and March 31, 2025, respectively
(b)€610.0 million par value remeasured to U.S. dollar at March 31, 2026, December 31, 2025, and March 31, 2025, respectively
Schedule of Maturities of Long-term Debt
Future principal payments of the Company's debt obligations as of March 31, 2026 were as follows (in thousands):
2026$498,685 
2027500,000 
2028— 
2029144,903 
2030700,487 
Thereafter300,000 
Future principal payments2,144,075 
Unamortized discounts and debt issuance costs(12,279)
$2,131,796