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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Measurements  
Recurring Fair Value Measurements

 

 

 
  Fair Value as of December 31, 2013  
 
  Level 1   Level 2   Level 3   Total  
 
  (In thousands)
 

Assets:

                         

Short-term investments:

                         

Available-for-sale equity securities from energy industry

  $ 96,080   $ 862   $   $ 96,942  

Available-for-sale debt securities:

                         

Corporate debt securities

        19,388         19,388  

Mortgage-backed debt securities

        210         210  

Mortgage-CMO debt securities

        20         20  

Asset-backed debt securities

    658             658  
                   

Total short-term investments

  $ 96,738   $ 20,480   $   $ 117,218  
                   
Fair Value of Financial Instruments

 

 

 
  December 31,  
 
  2013   2012  
 
  Effective
Interest
Rate
  Carrying
Value
  Fair Value   Effective
Interest
Rate
  Carrying
Value
  Fair Value  
 
  (In thousands)
 

2.35% senior notes due September 2016

    2.56 % $ 349,820   $ 354,694     6.42 % $   $  

6.15% senior notes due February 2018

    6.42 %   969,928     1,097,480     6.42 %   968,708     1,164,813  

9.25% senior notes due January 2019

    9.33 %   339,607     428,733     9.33 %   1,125,000     1,492,819  

5.00% senior notes due September 2020

    5.20 %   697,947     731,955     5.20 %   697,648     770,707  

4.625% senior notes due September 2021

    4.75 %   698,148     709,793     4.75 %   697,907     755,517  

5.10% senior notes due September 2023

    5.26 %   348,765     349,731     0.00 %        

Subsidiary preferred stock

    4.00 %   69,188     69,000     4.00 %   69,188     68,625  

Revolving credit facilities

    2.28 %   170,000     170,000     2.17 %   890,000     890,000  

Commercial paper

    0.45 %   329,844     329,844     0.00 %        

Other

    0.00 %   10,243     10,243     0.00 %   437     437  
                               

Total

        $ 3,983,490   $ 4,251,473         $ 4,448,888   $ 5,142,918