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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2013
Fair Value Measurements  
Recurring Fair Value Measurements

 

 

 

Fair Value as of September 30, 2013

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

Available-for-sale equity securities from energy industry

 

$

75,607

 

$

862

 

$

 

$

76,469

 

Available-for-sale debt securities:

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

18,448

 

 

18,448

 

Mortgage-backed debt securities

 

 

213

 

 

213

 

Mortgage-CMO debt securities

 

 

60

 

 

60

 

Asset-backed debt securities

 

825

 

 

 

825

 

Total short-term investments

 

$

76,432

 

$

19,583

 

$

 

$

96,015

 

Fair Value of Financial Instruments

 

 

 

September 30, 2013

 

December 31, 2012

 

 

 

Carrying
Value

 

Fair Value

 

Carrying
Value

 

Fair Value

 

 

 

(In thousands)

 

2.35% senior notes due September 2016

 

$

349,803

 

$

353,959

 

$

 

$

 

6.15% senior notes due February 2018

 

969,623

 

1,097,743

 

968,708

 

1,164,813

 

9.25% senior notes due January 2019

 

339,607

 

421,952

 

1,125,000

 

1,492,819

 

5.00% senior notes due September 2020

 

697,871

 

732,319

 

697,648

 

770,707

 

4.625% senior notes due September 2021

 

698,087

 

717,374

 

697,907

 

755,517

 

5.10% senior notes due September 2023

 

348,733

 

356,041

 

 

 

Subsidiary preferred stock

 

69,188

 

69,750

 

69,188

 

68,625

 

Revolving credit facility

 

300,000

 

300,000

 

890,000

 

890,000

 

Commercial paper

 

332,250

 

332,250

 

 

 

Other

 

11,494

 

11,494

 

437

 

437

 

 

 

$

4,116,656

 

$

4,392,882

 

$

4,448,888

 

$

5,142,918