Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt

Long-term debt

	As of December 31,
	2016		2015
	(In thousands)
2.35% senior notes due September 2016 (1)	$	—	$	347,955
6.15% senior notes due February 2018		827,539		921,162
9.25% senior notes due January 2019		303,489		339,607
5.00% senior notes due September 2020		669,540		683,839
4.625% senior notes due September 2021		694,868		698,628
5.50% senior notes due January 2023		600,000		—
5.10% senior notes due September 2023		346,448		349,021
Term loan facility		162,500		325,000
Revolving credit facility		—		—
Commercial paper		—		8,000
Other		297		6,508
		3,604,681		3,679,720
Less: current portion		297		6,508
Less: deferred financing costs		26,049		18,012
	$	3,578,335	$	3,655,200

(1) The 2.35% senior notes were repaid in September 2016, primarily utilizing borrowings under our revolving credit facility, as well as cash on hand.

Maturity of primary debt

As of December 31, 2016, the maturities of our primary debt for each of the five years after 2016 and thereafter are as follows:

	Paid at Maturity
	(In thousands)
2017	$	—
2018		828,759	(1)
2019		303,489	(2)
2020		833,175	(3)
2021		696,000	(4)
Thereafter		947,300	(5)
	$	3,608,723

(1) Represents our 6.15% senior notes due February 2018.

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

(3) Represents our 5.0% senior notes due September 2020 and borrowings outstanding under the term loan due September 2020. In January 2017, we issued $575 million in exchangeable notes. The net proceeds from this offering were used to prepay the remaining $162.5 million outstanding under our term loan facility. See Note 23—Subsequent Events.

(4) Represents our 4.625% senior notes due September 2021.

(5) Represents our 5.50% senior notes due January 2023 and 5.10% senior notes due September 2023.

Short-Term Borrowings

	December 31,
	2016
	(In thousands)
Credit available	$	758,906
Less: Letters of credit outstanding, inclusive of financial and performance guarantees		150,424
Remaining availability	$	608,482