Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt

Long-term debt

	As of December 31,
	2015		2014
	(In thousands)
2.35% senior notes due September 2016	$	347,955	$	349,887
6.15% senior notes due February 2018	921,162		930,693
9.25% senior notes due January 2019	339,607		339,607
5.00% senior notes due September 2020	683,839		698,253
4.625% senior notes due September 2021	698,628		698,388
5.10% senior notes due September 2023	349,021		348,893
Term loan facility	325,000		—
Revolving credit facility	—		450,000
Commercial paper	8,000		533,119
Other	6,508		6,209
	3,679,720		4,355,049
Less: current portion	6,508		6,190
Less: deferred financing costs	18,012		17,019
	$	3,655,200	$	4,331,840

(1) The 2.35% senior notes due September 2016 have been classified as long-term as we have the ability and intent to repay this obligation utilizing our revolving credit facility.

Maturity of primary debt

As of December 31, 2015, the maturities of our primary debt for each of the five years after 2015 and thereafter are as follows:

	Paid at Maturity
	(In thousands)
2016	$	348,000	(1)
2017	—
2018	1,086,113		(2)
2019	339,607		(3)
2020	855,780		(4)
Thereafter	1,050,000		(5)
	$	3,679,500

(1) Represents our 2.35% senior notes due September 2016.

(2) Represents our 6.15% senior notes due February 2018 and mandatory prepayment under the term loan facility due September 2018.

(3) Represents our 9.25% senior notes due January 2019.

(4) Represents amounts drawn on our revolving credit facility and issued under our commercial paper program, which expires July 2020, our 5.0% senior notes due September 2020 and borrowings outstanding under the term loan due September 2020.

(5) Represents our 4.625% senior notes due September 2021 and 5.10% senior notes due September 2023.

Short-Term Borrowings

	December 31,
	2015
	(In thousands)
Credit available	$	657,239
Less: Letters of credit outstanding, inclusive of financial and performance guarantees	211,685
Remaining availability	$	445,554