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Debt Obligations (Tables)
3 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
Changes in Debt Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

Additions

 

Payments, Accretion and Other

 

March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

4.00% senior unsecured notes due January 15, 2015(1)

 

$

400 

 

$

 -

 

$

 -

 

$

400 

5.55% senior unsecured notes due January 15, 2020 (net of discount)(1)

 

 

598 

 

 

 -

 

 

 -

 

 

598 

5.25% senior unsecured notes due January 16, 2018 (net of discount)(1)

 

 

368 

 

 

 -

 

 

 -

 

 

368 

3.875% senior unsecured notes due June 7, 2021 (net of discount)(1)

 

 

824 

 

 

 -

 

 

 

 

825 

$1.2 billion senior unsecured five-year credit facility(2):

 

 

 

 

 

 

 

 

 

 

 

 

$450 million senior unsecured term loan facility credit agreement due September 19, 2016 (average interest rate of 1.54% for the period January 1, 2014 through March 31, 2014)

 

 

349 

 

 

 -

 

 

(26)

 

 

323 

$750 million revolving credit commitment due September 19, 2016 (average interest rate of 1.34% for the period January 1, 2014 through March 31, 2014)

 

 

95 

 

 

25 

 

 

(120)

 

 

 -

Total debt obligations

 

 

2,634 

 

 

25 

 

 

(145)

 

 

2,514 

Less current portion

 

 

(45)

 

 

 -

 

 

(385)

 

 

(430)

Total long-term debt obligations

 

$

2,589 

 

$

25 

 

$

(530)

 

$

2,084 

 

(1) See “Senior Unsecured Notes” below for further discussion.

(2) See “2011 Credit Facility” below for further discussion.