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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Measurements  
Recurring Fair Value Measurements

 

 

 

 

Fair Value as of March 31, 2015

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

Available-for-sale equity securities (energy industry)

 

$

35,152 

 

$

 

$

 

$

35,152 

 

Available-for-sale debt securities:

 

 

 

 

 

 

 

 

 

Mortgage-CMO debt securities

 

 

18 

 

 

18 

 

Total short-term investments

 

$

35,152 

 

$

18 

 

$

 

$

35,170 

 

 

Fair Value of Financial Instruments

 

 

 

 

March 31, 2015

 

December 31, 2014

 

 

 

Carrying
Value

 

Fair
Value

 

Carrying
Value

 

Fair
Value

 

 

 

(In thousands)

 

2.35% senior notes due September 2016

 

$

349,904 

 

$

349,213 

 

$

349,887 

 

$

346,980 

 

6.15% senior notes due February 2018

 

931,000 

 

997,517 

 

930,693 

 

991,920 

 

9.25% senior notes due January 2019

 

339,607 

 

400,118 

 

339,607 

 

403,531 

 

5.00% senior notes due September 2020

 

698,329 

 

697,669 

 

698,253 

 

687,953 

 

4.625% senior notes due September 2021

 

698,448 

 

680,008 

 

698,388 

 

661,619 

 

5.10% senior notes due September 2023

 

348,925 

 

335,129 

 

348,893 

 

332,759 

 

Revolving credit facility

 

200,000 

 

200,000 

 

450,000 

 

450,000 

 

Commercial paper

 

250,504 

 

250,504 

 

533,119 

 

533,119 

 

Other

 

8,739 

 

8,739 

 

6,209 

 

6,209 

 

Total

 

$

3,825,456 

 

$

3,918,897 

 

$

4,355,049 

 

$

4,414,090