DEBT (Tables)

12 Months Ended

Dec. 31, 2012

Debt Instruments [Abstract]

Short-term Borrowings and Current Portion of Long-term Debt

Short-term borrowings and current portion of long-term debt at December 31, 2012 and 2011 consisted of the following:

	2012			2011
Secured Receivables Credit Facility	$	—		$	85,000
Current portion of long-term debt	9,404			569,395
Total short-term borrowings and current portion of long-term debt	$	9,404		$	654,395
Short-term weighted average interest rates	0.98		%	1.42		%

Long-term Debt

Long-term debt at December 31, 2012 and 2011 consisted of the following:

	2012		2011
Term Loan due May 2012	$	—	$	560,000
Floating Rate Senior Notes due March 2014	200,000		200,000
5.45% Senior Notes due November 2015	499,171		499,387
3.20% Senior Notes due April 2016	311,478		310,622
6.40% Senior Notes due July 2017	374,640		374,561
4.75% Senior Notes due January 2020	543,678		539,688
4.70% Senior Notes due April 2021	547,104		549,152
6.95% Senior Notes due July 2037	421,154		420,997
5.75% Senior Notes due January 2040	438,742		438,323
Other	27,610		47,187
Total long-term debt	3,363,577		3,939,917
Less: current portion of long-term debt	9,404		569,395
Total long-term debt, net of current portion	$	3,354,173	$	3,370,522

Schedule of Fair Value Hedges

As further discussed in Note 13, the Company has hedged the risk of changes in fair value attributable to the variability in interest rates on a portion of certain senior notes through the use of interest rate swaps, which have been designated as fair value hedges. The carrying value of these senior notes have been increased (decreased) for changes in fair value of the related hedges and the amortization of the terminated hedges as of December 31, 2012 and 2011 as follows:

	Notional Amount Hedged		2012			2011
5.45% Senior Notes due November 2015	$	200,000	$	(376	)	$	—
3.20% Senior Notes due April 2016	200,000		11,659			10,858
4.75% Senior Notes due January 2020	350,000		48,912			45,662
4.70% Senior Notes due April 2021	200,000		(2,140		)	—
			$	58,055		$	56,520

Schedule of Maturities of Long-term Debt

As of December 31, 2012, long-term debt maturing in each of the years subsequent to December 31, 2013 is as follows:

Year Ending December 31,
2014	$	208,994
2015	506,446
2016	302,190
2017	375,564
2018	12
Thereafter	1,925,000
Total maturities of long-term debt	3,318,206
Unamortized discount	(22,088		)
Fair value basis adjustments attributable to hedged debt	58,055
Total long-term debt, net of current portion	$	3,354,173